Global Green Chemicals Public Company Limited Management Discussion and Analysis For the Operating Results of 1Q2020 P a g e | 2 - Management Discussion and Analysis 1Q2020 - Executive Summary In

, Reasonableness of the New Share Price, and Determination of the Market Price 1.1 Necessity and Details of the Transaction The effect of the global financial crisis in 2008 on the steel production industry, which

oil in the market. Thus, the Biodiesel business recorded an inventory loss of THB 84 million (including an allowance for loss on decline in value of inventories (LCM) of THB 8 million.) Ethanol Fuel

the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the

percent from previous year, compared with the net profit of Baht 208.18 million in previous year. This is due to the higher intensive competition in stainless steel pipes aluminum and copper in the market

Extraordinary General Meeting (EGM) resolved to approve the acquisition of 75% in VGI Global Media (Malaysia) Sdn. Bhd (“VGM”) with a total investment value of THB 360mn. This transaction is expected to complete

government of Indonesia reversed a ban on its export, causing higher output in the world market, as a result, the palm oil prices slumped. Whereas the raw material price in the 3 rd quarter of 2022 was in

Laws of The Republic of Mauritius Date of Incorporation April 22, 2016 Registered Capital USD 3,527,969 Par Value USD 1 per share Shareholding Structure Kendrick Global Limited directly holds 1005

the global market. Meanwhile, the demand for stainless steel started to increase as the country's economy began to grow steadily as the result of the export sector, private consumption, tourism sector

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been