(expenses) (9.74) 2.49 Net profit (loss) 38.82 (9.34) Regarding the performance of Absolute Yoga Co., Ltd., the associated company, despite the impact of the outbreak of COVID-19 that finally led to the

the Company for Q3/2019-2020 was Baht 2,154 million, decreased by Baht 1,485 million or 40.8% from Q3/2018-2019. This was mainly due to the impact from COVID-19 pandemic and was explained as follows

based on the revised purpose of land usage, resulting in a higher land appraisal value for the company. Such information had a positive impact on NVD’s share price. Mr. Saravoot Somwattana purchased NVD

restructuring plan. For the first quarter of 2020, even though MK’s financial results decreased, the 5-year plan adopted by the Company reduced the impact of the economic slowdown and amid the COVID-19 pandemic

ratio: 0.865 Tons = 1,000 Liters (5) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Global Green Chemicals Public Company Limited Management Discussion and Analysis | 7

6.22 percent of authorized and paid-up share capital as at 3 December 2018. 5. Source of Fund Operating cash flow of the company and shall not impact core business operation. 6. Interested Director The

Company has assessed the impact from such delay in project completion. In relation to this project, there were unbilled contract revenue amounting to Baht 57 million, which the collectability are directly

Business The COVID -19 virus pandemic situation has had a wide impact on all types of businesses and industries. In the first quarter of 2020, the negative impact on revenue to the Company and its

working capital within the Company. This transaction does not have any negative impact to the Company. - Calculation method : The transaction of above are considered the disposal of assets. According to the

million.  In addition, the company may be subject to risks that the transaction may have a material impact on the company, in that the company may not have sufficient funds, the operating results and