mentioned above. Also, the Company had recognized an additional expense of THB 9 million regarding the new labour protection law to increase severance pay from 300 days to 400 days for workers serving over 20

to recognized loss from diminution in value of inventories amounting of Baht 20 million. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to

Agency. For ESG, the Company has been recognized by MSCI ESG Rating per followings. Credit Rating Agency Credit Ratings Fitch Ratings A-/Stable Japan Credit Rating Agency A/Stable MSCI ESG Rating A

Global Green Chemicals Public Company Limited Management Discussion and Analysis | 1 Management Discussion and Analysis For the operating results of 1Q2019 Global Green Chemicals Public Company

party purchaser won the auction of the Company debtors’ collateral and once recognized accrued income from auction sale. 4 Cash collected from NPL management business is calculated from the sum of ( i

recognized as an adjustment to retained earnings as at January 1,2020. The Company announced Q1/2020 Performance with Baht 699 million of Net Profit which decreased by 78.5% from Baht 3,247 million of Q1/2019

is recognized as an adjustment to retained earnings as at January 1,2020. The Company announced Q1/2020 Performance with Baht 699 million of Net Profit which decreased by 78.5% from Baht 3,247 million

was recognized. If this subsidiary company has positive margin, this transaction will be reversed and recognize as income. Financial costs Financial costs in Q3/2017 was THB 42 million decreased by 15

/2018 GLOW was not yet acquired). • However, the company has recognized an increase in financial costs by Baht 1,836 million mainly due to the increase of interest expense on short-term loans, interest on

recognized Magazine and Public Organization Update of Projects in 2019-2020 • In 2019, the company can recognize the operating results from projects which have commenced operations as follows: - Rayong Central