Management Discussion and Analysis Quarter 1 Ending 31 Mar 2020

Management Discussion and Analysis

Company name                             : BJC HEAVY INDUSTRIES PUBLIC COMPANY 
LIMITED
Year                                     : 2020
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2020
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.
Please be informed accordingly.

By Stock Exchange of Thailand     Date 15 May 2020 22:13:45

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Another testament for BJCHI’s success

Even the current difficult period caused by the pandemic, BJCHI has successfully achieved on-time delivery about the first Lot of Pipe Rack Modules of LINDE project since early April 2020.

Moreover, the final lot is already in full progress, with the final delivery to be shipped early July 2020.

This is another testament and great demonstration of BJCHI’s capabilities as well as strong commitment to the client.

As currently satisfied by the client, BJCHI is also talking about potential projects in the near future.

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Interim dividend payment and approval of the auditors appointment to review the Financial Statements for the first quarter of year 2020

Dividend payment / Omitted dividend payment

Subject                                  : Cash dividend payment
Date of Board resolution (New)           : 24-Apr-2020
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 18-Mar-2020
dividends
Ex-dividend date                         : 17-Mar-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.13
Derived from profit under non-BOI        : 0.0705
privilege (baht per share)
Derived from profit under BOI privilege  : 0.0595
(baht per share)
Par value (baht)                         : 0.25
Payment date                             : 12-May-2020
Paid from                                : Retained Earnings
Remark (Update)                          :
According to the outbreak of 2019 Coronavirus Disease (COVID-19), BJC Heavy 
Industries Public Company Limited ("the Company") has announced to postpone the
2020 Annual General Meeting of Shareholders ("2020 AGM") which was previously
scheduled on April 24, 2020. To mitigate any impacts that may arise to
shareholders, the Board of Directors Meeting No. 2/2020 held on April 24, 2020
has approved the resolution as follows;

1.    Approved an interim dividend payment from Retained Earnings at the same rate 
as previously proposed of THB 0.13 per share, totals to not exceeding Baht 208
million, details as following;

1.1      For the interim dividend of Baht 0.0595 per share, which will be payable 
from the BOI profit; thus, the dividends are exempted from withholding tax.
Individual shareholders cannot claim any tax credits.

1.2    For the interim dividend of Baht 0.0705 per share, which will be payable 
from the profit of the Company that is subject to the corporate income tax at
the rate of 20% of the net profit. Individual shareholders are entitled to claim
 the tax credits at the rate of 20/80 times of the dividend received.

The record date for the right of shareholders to receive the interim dividend 
scheduled on Wednesday, March 18, 2020 (Record Date) and payment shall be made
within Tuesday, May 12, 2020 same date as the shareholders had been previously
notified (according to the resolution of the Board of Directors' meeting
No.1/2020 held on February 26, 2020).

In this regard, the Board of Directors will not propose any dividend payment for
2019 operations and will inform the payment of an interim dividend at the 2020
AGM.

2.     Approved the Auditors from A.M.T. & Associates who have been approved by the
Board of Directors' Meeting No.1/2020 on February 26, 2020 to be the Auditors
of the Company for reviewing financial statements for the first quarter of year
2020 in order to disclose information and submit financial statements to the
Stock Exchange of Thailand.  The Company will propose an appointment of the
mentioned Auditors in the next 2020 AGM, as per the following names;

-    Mr. Chaiyuth Angsuwithaya,     Certified Public Accountant No. 3885 or
-    Mrs. Natsarak Sarochanunjeed,     Certified Public Accountant No. 4563 or
-    Ms. Daranee Somkamnerd,     Certified Public Accountant No. 5007 or
-    Ms. Jarunee Nuammae,         Certified Public Accountant No. 5596

Please be informed accordingly.

By Stock Exchange of Thailand     Date 24 Apr 2020 18:07:00

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Notification of Contract Signing

BJC Heavy Industries Public Company Limited (hereinafter referred to as "the 
Company") is pleased to inform the SET that the Company has signed the new
contracts, as follows;
1)  Pipe Spools for CRISP Project in Oil and Petrochemical industry, located in 
Singapore
2)  Modular Packages Skids for Gas Turbine Power Plant, located in United States
 and Brazil

The total project value is approximately THB 750 million. The contract involves 
supply and fabrication of steel structure, modularization and pipe spool.
Furthermore, the project period will start from April 2020 - July 2021.

By Stock Exchange of Thailand     Date 15 Apr 2020 07:38:09

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Interim Dividend Payment (revised template)

Dividend payment / Omitted dividend payment

Subject                                  : Cash dividend payment
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 18-Mar-2020
dividends
Ex-dividend date                         : 17-Mar-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.13
Derived from profit under non-BOI        : 0.0705
privilege (baht per share)
Derived from profit under BOI privilege  : 0.0595
(baht per share)
Par value (baht)                         : 0.25
Payment date                             : 12-May-2020
Paid from                                : Retained Earnings
Remark (New)                             :
The Company will call for the Board of Directors meeting on April 24, 2020 to 
consider and approve the interim dividend payment from business operation 2019
at the same rate 0.13 Baht per shares by remain unchanged the Record Date set on
March 18, 2020 which the shareholders shall have the right to receive the
dividends on May 12, 2020.

By Stock Exchange of Thailand     Date 03 Apr 2020 13:38:31

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Postponement of the 2020 Annual General Meeting of Shareholders

Schedule of Shareholders' meeting

Status                                   : Canceled
Reason                                   :
The outbreak of the Coronavirus Disease 2019
Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 26-Feb-2020
Shareholder's meeting date               : 24-Apr-2020
Beginning time of meeting (h:mm)         : 13 : 30
Record date for the right to attend the  : 18-Mar-2020
meeting
Ex-meeting date                          : 17-Mar-2020
Significant agenda item                  :
  - Cash dividend payment
Venue of the meeting                     : The Meeting Room 101, BJC Heavy 
Industries Public Company Limited, address 594 Moo 4 Tambol Makamkoo, Amphur
Nikompattana, Rayong
______________________________________________________________________

Dividend payment / Omitted dividend payment

Status                                   : Canceled
Reason                                   :
The outbreak of the Coronavirus Disease 2019.  The Company will consider to 
convene the Board of Directors meeting to consider and approve the payment of
interim dividend to the shareholders and will inform details of the interim
dividend to the shareholders accordingly.

Subject                                  : Cash dividend payment
Date of Board resolution                 : 26-Feb-2020
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 18-Mar-2020
dividends
Ex-dividend date                         : 17-Mar-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.13
Derived from profit under non-BOI        : 0.0705
privilege (baht per share)
Derived from profit under BOI privilege  : 0.0595
(baht per share)
Par value (baht)                         : 0.25
Payment date                             : 12-May-2020
Paid from                                : Retained Earnings

By Stock Exchange of Thailand     Date 01 Apr 2020 17:50:00

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Notification of the Cancellation of Traditional Holiday for the year 2020

   According to the Cabinet's resolution on March 17, 2020 regarding the 
postponement of the public holidays on April 13-15, 2020 in order to reduce and
prevent the spread of Corona Virus 2019 (COVID-19), BJC Heavy Industries Public
Company Limited would like to announce the cancellation of the Company's
traditional holidays on April 13-15, 2020.  The substitution holidays will be
announced later.

Please be informed accordingly.

By Stock Exchange of Thailand     Date 25 Mar 2020 17:27:00

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Disclosure of Invitation Letter of 2020 Annual General Meeting of Shareholders on the Company’s website

According to The Board of Directors' Meeting of BJC Heavy Industries Public 
Company Limited ("Company") No. 1/2020, held on Wednesday, February 26, 2020 has
passed the resolutions to determine the schedule of the 2020 Annual General
Meeting of Shareholders ("AGM 2020") on Friday, April 24, 2020 at 13.30 hrs.
The Meeting venue will be at the Meeting Room 101, BJC Heavy Industries Public
Company Limited address 594 Moo 4, Makamkoo, Nikompattana, Rayong 21180.
The Company will post the Invitation Letter of AGM 2020 on the Company's website
 at www.bjc1994.com from Monday, March 23, 2020.
Please be informed accordingly.

By Stock Exchange of Thailand     Date 20 Mar 2020 17:32:00

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