Offeror :  | Date of submission of the Statement of Intention : 26/12/2019

Offeror :  | Date of submission of the Statement of Intention : 15/01/2020

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing

experience, expertise, and readiness to directly store financial assets, enabling them to offer services to other entities with the same primary shareholders if those providers can comply with following

spread (DTD/DB), and the improvement of Fuel Oil / Dubai (FO/DB) crack spread. However, due to the crude price drop in this quarter, there was an inventory loss of THB 1,010 million, leading to an EBITDA

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

after testing the market with the “Pop-up Store”. In addition, the Company plans to open 5 more After You dessert store by 2022 namely Terminal 21 Rama 3 branch, Queen Sirikit National Convention Center

and 36% from 2019, respectively. • The decrease in operating revenue was mainly from the fall in revenue from in-store sales and the decrease in purchasing power of domestic consumers as a result of the