involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of the Company to be materially

statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or

Plastic Economy Global Commitment. It is important to note that KPI-alignment with the SDGs does not automatically ensure alignment with the SLBP. 3-11 Can an issuer use multiple KPIs and SPTs within a

asset allocation of the fund. The tracking error helps measure the quality of replication and benchmark-tracking.  By IOSCO principle, for the passive or index-based ETFs, one the most important

it was important for any regulatory change to be based on thorough research and empirical evidence and cost-benefit analysis, rather than relying overly on anecdotal evidence. • Brogaard et al (2012

nomination and appointment must consider the company’s needs and circumstances. The director nomination process has become an important issue and must be carefully implemented. As a result, this Director

securitisation business is an important financial process which can be used to solve the problem of shortage of both short-term and long-term fund in numerous business sectors. Securitisation business will also

FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10

tendencies and strategies in 2018 7 Important Event 3 | Management Discussion and Analysis of Business Operation for the year 2017 Bangchak Corporation Plc. Summary of the Company and its subsidiaries

FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based