). (These loans are in the ratio 0.07 times of shareholders' equity, as of the consolidated financial statements, as of 30 September 2017. And when total liabilities of consolidated financial statements, as

based on value of equity shares issued for the payment of assets Equity shares issued for the payment of assets x 100 Paid-up shares of the company** ** Excluding equity shares issued for the payment of

consideration paid or received Value of transaction paid or received* x 100 = 27,499,900 / 2,102,613,000 1.31 4. Calculation based on value of equity shares issued for the payment of assets Equity shares issued

224.5 18.7% Other income 3.2 1.9 69.7% Cost of sales - 204.2 - 189.8 7.5% Selling expenses - 5.9 - 5.3 11.4% Administrative expenses - 18.2 - 15.0 21.4% Finance costs - 3.6 - 4.0 -8.3% Profit for the

) -28% (108,690) -43% (133,577) -55% Total equity 91,131 33% 61,310 24% 206,423 85% Total liabilities and equity 278,792 100% 255,439 100% 243,955 100% (in thousand Baht) 3.2 Sale of investments in

-19 continuously. As for the operations side of the business, the situation is closely monitored and assessed to adjust its business plan accordingly, and complied the strict measures on cost reduction

impairment loss of 8,175 million Baht (88% of total revenues); increased by 83.7% as compared to the year of 4,451 million Baht. This comprised of: (1) cost of sales of residential condominium units of 3,304

- to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Company’s Performance UNIT

of Appraisal : Cost Approach Date of Appraisal : March 14, 2018 5. Share holding percentage of the companyior Prior to investment : none After investment : 32.37 % of the total issued and paid up

, 2017, the company, during Q2 2017, has assessed and reviewed the accounting policy and changed the valuation method from cost method to fair value method of land, land improvements, office condominium