Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

Baht 987.27 million, an increase of Baht 56.39 million or 6.06%, which was a decrease of revenue from printing business at Baht 17.04 million or 3.83% and an increase of revenue from power plant at Baht

revenue from power plant at Baht 73.43 million, or 15.11%. The increase of revenue from power plant comes from the 10 MW Kurihara Phase 1 Power Plant on October 1, 2018 at Baht 26.26 million and the revenue

state that revenue can be recognized when customer obtains control of that good or service. In the past, the Group recorded revenue and cost of procurement and fabrication service by percentage of

could not record revenue for procurement and fabrication service which not yet deliver to the client. As IFRS 15 state that revenue can be recognized when customer obtains control of that good or service

, telecommunication network and operates solar power plant. The Company received approval from the Security Exchange Committee to proceed initial public offering of new common stocks to public on 13 January 2017. The

year and 7.6 percent increase from the 1st quarter of 2017. China, the United State and Vietnam are continue growing from the previous year. While the sales in Indonesian market plummeted during the 1st

Board No. TorChor. 21/2551 Re: Rules on Connected Transactions Ferrum Energy Co., Ltd. (“Ferrum Energy”) shall invest in power plant project with the investment value of Baht 50.00 million. Ferrum Energy

all but two states from SEC to state jurisdiction • Key contribution: The extant literature documents dynamics of bad behavior, but there has been no focus on external governance. • Regulatory

of Baht 241.92 million, a decrease of Baht 7.19 million or 2.88%, which was a decrease of revenue from printing business at Baht 24.01 million or 16.58% and an increase of revenue from power plant at