-TRANSLATION-

10000/102/2018

December 14, 2018

Subject : The Establishment of New Subsidiary Companies in Thailand Attention : President of the Stock Exchange of Thailand

At its meeting No. 15/2018 held on Friday, December 14, 2018, the Board of Directors of Bangchak Corporation Public Company Limited (the "Company") resolved to approve the establishment of 4 new subsidiary companies in Thailand, with the following details:

  • 1. BCV Bio Based Co., Ltd.

  • 2. BCV Energy Co., Ltd.

  • 3. BCV Innovation Co., Ltd.

  • 4. BCV Partnership Co., Ltd.

Each of the new subsidiary companies have details as follows.

Objectives

To invest in Thai startup related to innovations

Registered Capital

20 million THB

% of Shareholding

The Company holds 100%

Source of Fund

Working capital of the Company

Please be informed accordingly.

Yours sincerely,

-signed-

(Mr. Chaiwat Kovavisarach)

President and Chief Executive Officer

Investor Relations Division

Tel. 0 2335 8663

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Bangchak Corporation pcl published this content on 14 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 December 2018 12:24:08 UTC