Lubricants Business

PTT Public Company Limited (PTT) had announced that according to the Board of Directors at the meeting No.8/2560 on 18 August 2017 passed a resolution to establish a new company to carry out lubricants business in China (“PTTOR CHINA”) with a registered capital of not more than 80 million Thai Baht (around 2.26 million USD). PTT Oil and Retail Business Public Company Limited (“PTTOR”) (in which PTT holds 100% shares) will hold 100% of PTTOR CHINA shares. PTTOR CHINA has been registered to establish on 3 August 2018. This establishment of PTTOR CHINA is in line with PTTOR’s direction and strategy of market expansion in China, according to a vision of being a leading brand in the region.