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...

100% of paid-up capital Nature of Business: Distributor of tire and tube for bicycle and motorcycle under FKR brand which produced by NDR since 2004. 11 Company Name: GCB Trading Sdn. Bhd. (“GCB

bicycle and motorcycle under FKR brand which produced by NDR since 2004. Company Name: GCB Trading Sdn. Bhd. (“GCB”) Address: 332A-19, 19 th Floor, Plaza Ampang City, Jalan Ampang, 50450 Kuala Lumpur

: Distributor of tire and tube for bicycle and motorcycle under FKR brand which produced by NDR since 2004. Company Name: GCB Trading Sdn. Bhd. (“GCB”) Address: 332A-19, 19 th Floor, Plaza Ampang City, Jalan

) CHEONG CHEE LENG Shareholders’ List : FKRMM’ owned 3,000,000 shares or equals to 100% of paid-up capital Nature of Business: Distributor of tire and tube for bicycle and motorcycle under FKR brand which