Liabilities Interest Bearing Debt Shareholders’ Equities December 31, 2016 Baht 11,631 million June 30, 2017 Baht 14,566 million Management’s Discussion and Analysis Global Green Chemicals Public Company

payment of 154 MB. Cash and Cash Equivalent Account Receivable, Inventory, and other Current Assets PP&E Non-current Assets Other Liabilities Interest Bearing Debt Shareholders’ Equities December 31, 2016

Cash Equivalent Account Receivable, Inventory, and other Current Assets PP&E Non-Current Assets Other Liabilities Interest Bearing Debt Shareholders’ Equities As of December 31, 2018 THB 13,084 million

Cash and Cash Equivalent Account Receivable, Inventory, and other Current Assets Other Liabilities PP&E Non-current Assets Interest Bearing Debt Shareholders’ Equities Global Green Chemicals Public

Assets Other Liabilities PP&E Non-current Assets Interest Bearing Debt Shareholders’ Equities Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 12 Statement of Cash Flows

12,931 million Shareholders’ Equities Interest Bearing Debt P a g e | 12 - Management Discussion and Analysis 1Q2020 - Liabilities As of March 31, 2020, the Company had total liabilities of THB 3,467

Ville Sukhumvit 76-Bearing Station (2) is launched in Q1/2018, valuing 600 million THB. During the remaining nine months of 2018, additional 11 projects of the Company and subsidiary companies valuing

. Likewise, total equity stood at Bt.19,015mn, relatively unchanged from that as at the end of 2017. Capital Structure Net interest-bearing debt to equity stood at 0.61x At the initial stage of Singha Estate

the annual general meeting in April and paid out in May. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st December, 2017 were THB

Interest-bearing Debt net of cash and cash equivalents 3Including rental and service income,marketing commission income, project management fee, interest, and others Management Discussion & Analysis