unwavering commitment to strengthen collaboration among members and with development partners to implement the Roadmap for ASEAN Sustainable Capital Markets and ACMF Action Plan 2021-2025 in pursuit of the

Keuangan (OJK) Indonesia, to the Lao Securities Commission Office (LSCO) for 2024, with the Securities Commission Malaysia as Vice Chair. The Meeting ended successfully with an unwavering commitment to

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...