transaction is considered commercially viable, the price of AJP shares to be issued for share swap at 8 baht per share is not appropriate. The said view coincided with the opinion expressed by the independent

aligned with our business strategies, KBank and subsidiaries thus reported net profit for the third quarter of 2019 totaling Baht 9,951 million, a slight increase of Baht 22 million or 0.23 percent from the

market standard-setters, for that matter) have coincided with an uptick in beneficiaries and clients understanding that their investment portfolios have impact in the real world and that ESG issues are

proposed to implement mandatory, TCFD-aligned climate reporting. An additional 5 countries have established voluntary, TCFD-aligned disclosure frameworks. 6 www.cdp.net | @CDP Four strategic focus areas

The SEC has reviewed the regulations related to private fund management services to be aligned with international standards and be suitable for the current service models where some asset management

Founding Partners, and endorsed initiatives The Glasgow Finance Alliance for Net Zero (GFANZ), Net Zero Asset Managers Initiative (NZAM), the Paris Aligned Asset Owners (PAAO) and the UN-convened Net- Zero

activity of a digital asset custodial wallet provider under the law. This decision aligned with the intention of regulating businesses providing services as mentioned above and aimed to reduce burdens and

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for 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 Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

Director resolved to approve the connection transaction and aligned with Audit Committee opinion. Please be informed accordingly. Sincerely yours, (Unyarat Pornprakit) Director and Chief Executive Officer

to approve the connected transaction for maximize company’s benefits. Opinion of Board of Director The Board of Director resolved to approve the connection transaction and aligned with Audit Committee