2,049.56 million, decreased from the amount as of December 31, 2017 by Baht 226.33 million, or an decrease of 9.94 percent, resulting from the effective debt management of the Company and its subsidiaries. 5

, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating

Public Co er 2017, the he Company een examin solidated fin more than o 4.1 perce onsolidated illion baht, w s a net pro Debt Colle ompanies in Statement Q3/2017 MB 2,409.4 481.9 175.5 3,066.8 2,150.2 164.8

. Absolutely, after clearing debt completely, the Company will obtain another security, the land of K.C. Green Cannel. 8. Comment or opinion of the Board of Director The Board of Director had considered with

11.03 11.25 Debt Service Coverage Ratio Times 0.21 1.38 According to the liquidity ratio and financial leverage policy, the analysis showed that the Company still has liquidity and sufficient cash for

return in the future, and it is considered a worthy the investment. However, after reviewing the net asset value and net debt at the end of the period, the Company did not receive any debt repayments in

not have any outstanding debt with the Company and the Company does not have any ongoing guarantee for Mo Chit Land. 7) Background and rationale to dispose the subsidiary, and benefits of consideration

/2017 701. 143. 1,701. 727. he Company million bah 7, the Comp 2.41 million ity equal to terest beari cknowledge .90 .94 .83 1, .97 y had total ht or 7.28% pany had to baht or 10. 727.97 mil ng-debt to e

of Thailand Enclosure : 1. Financial Statements for the Years ended 31 December 2018 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Audited

allowance for doubtful expenses of Baht 3 million since the Company could manage to collect debt faster, and decreased in the finance cost of Baht 2 million. For share of loss from investments in joint