| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel

revenue of fatty alcohol business increased by 9% from 3Q2019, mostly due to significantly rising of sales volume of fatty alcohols by 5%. On the other hand, crude palm kernel oil price considerably

high, resulting to the soften Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) price than that of 3Q2017. Under these circumstances, the government has maintained B7 mandate in this quarter. Besides

oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and

Crude Palm Kernel Oil(CPKO) prices than that of 1Q2017. Under these circumstances, the government has maintained B7 mandate in this quarter, comparing to the mandate of B5 back in 1Q2017. For Natural

3,249 -33% 2,438 -10% - Mid Cut 1,225 1,241 -1% 1,157 6% - Long Chain 1,180 1,183 -0.3% 1,106 7% Average Fatty Alcohols (2) 1,289 1,385 -7% 1,244 4% Crude Palm Kernel Oil (CPKO) (3) 800 677 18% 742 8

Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices

palm oil and crude palm kernel oil (CPKO) comparing with previous year. Under these circumstances, the Thai government has maintained biodiesel mandate at B7 for whole year. In addition, the government

at 34.2 Baht/kg. As for crude palm kernel oil, the inventory of crude palm kernel oil climbed up and back to normal level, but still was below the expected level. As a result, crude palm kernel oil

Company; • All employees are required to wear a surgical mask at all times when in public areas; • Encourage employees to regularly wash their hands with water or alcohol and keep social distance; • The