2019 and Annual Report of the Board of Directors in relation to the Company operating result in respect of the year 2019, which is subject to the approval of the Annual General Meeting of Shareholders No

per share. Net loss increased by 123.6% yoy. The 1st half year of 2017, the Company has total revenue in the amount of THB 2,593.7 million, decreased by 8.5% yoy. Earnings before Interest, taxes and

Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the quarter ended December 31st, 2018 Unit: THB Million Q4/2017 (Restate) Q3/2018 Q4/2018 YoY QoQ 2017

’ operating results for the year ended December 31st 2017 EBITDA Structure of the Company and its subsidiaries Q4/2016 Q3/2017 Q4/2017 YoY QoQ FY2016 FY2017 YoY Total Revenue 40,481 39,009 46,306 14% 19

newly issued preferred shares, with a par value of Baht 1 per share, at an offering price of Baht 0.031 per share, totaling Baht 2,172 million, and (2) Bangkok Bank Public Company Limited (“BBL”) in the

PEA tariff of which Ft is a major component. With situation of a stable gas price this year if Ft trends is continuous to increase, it would be favorable to our operating margin, i.e. electricity sales

% 51.4% 58.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-operating income / (expense) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX

3344 Fax. 66 2 654 3323 No. PACE IR2018/010 Date: 28 February 2018 Subject: Explanation of the Operating Results for the year ended 31 December 2017 changing over 20% To: The President The Stock Exchange

56.35% for the thick gauge compared to the same period of previous year. Operating results The Company reported a net loss of THB 233 million and a net profit of THB 183 million for Q2- 2017 and Q2-2016

(Translation) Management’s Discussion and Analysis For the operating results of Quarter 3 2017 Global Green Chemicals Public Company Limited Global Green Chemicals Public Company Limited Management’s