able to amend the agreement and start such business accordingly. To avoid the Conflict of Interest after the capital increase, the Company shall operate the crude palm oil (CPOA) trading business for
an initial working capital to operate CPOA trading for biodiesel and edible oil. Therefore, the Company plan to use the money from the issuance and allocation of 482,567,173 newly issued shares at the
attributable to the owners of the parent THB 214 million, an earnings per share of THB 0.16, with performance from each business unit as follow: The performance of Refinery and Oil Trading Business Group was
parent THB 620 million (68% QoQ, 140% YoY). Earnings per share was THB 0.38. As for 2019 performance of the company and its subsidiaries, it is still affected by the fluctuations in oil price of the global
Financial Reporting 5. Transactions and Trends 6. Audit risks related to audit firms 1. Economic Environment Oil and gas prices : impacting not only oil and gas companies but also others with significant
oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained
million liters and has registered as an oil trader under Section 7 of the Fuel Trade Act B.E. 2543 since the 9th September 2020. However, the Company aware of the price fluctuation risks, has set the policy
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
performance from each business group as follow: Performance of the Refinery and Oil Trading Business Group recorded a significant improvements in Operating GRM from the previous quarter, due to the increment of
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of