Re: Application Form for Permission for Offer for Sale of Newly Issued Debt Securities and Reporting (No.2)

amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity

remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating Performance Exhibit 1 : Consolidated

amounting to THB 3,338 million, with total liabilities of THB 3,011 million and total equities of THB 9,457 million. In this regard, the company’s financial position remains strong with low debt-to-equity

2Q2020 2Q2019 YoY 1Q2020 QoQ MB. % MB. % MB. % MB. % MB. % Sale Revenue 3,931 100 3,290 100 641 19 5,227 100 (1,296) (25) Feedstock (3,034) (77) (2,388) (73) (646) 27 (4,292) (82) 1,258 (29) Net Realizable

to net realizable value based on inventory aging; and higher employee benefit obligations under severance pay of Baht 20 million for employees serving 20 years or more from 300 to 400 days, according

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

) (76) (3,347) (79) (175) 5 (4,078) (78) (556) (14) Net Realizable Value (NRV) 2 0 - - 2 na. (1) (0) 3 (300) Product to Feed Margin 1,111 24 899 21 212 24 1,140 22 (29) (3) Variable Costs (495) (11) (355

cost of inventories to net realizable value. Related technology business In 2018, the Group has gross profit of Baht 483 million, which is increased by Baht 338 million or 233% compared to the gross