6.5%, declining from 8.1% of the previous year. However, the Company gave priority to maintain interest-bearing debt to equity ratio in an optimal level. At the end of the third quarter, interest

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

with low Debt to Equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Company’s

Current ratio(x) 4.4 6.6 4.0 EBITDA to sales revenue (%) 7.8 4.1 3.2 Net profit to sales revenue (%) 5.0 1.1 (43.7) Return on total assets (%) (9.9) 3.1 (10.5) Return on equity (%) (13.3) 4.4 (14.1) Debt to

is an initiative under the ACMF Implementation Plan endorsed by the ASEAN Finance Ministers in 2009. The Framework aims to facilitate cross-border offerings of Equity Securities and Plain Debt

THB 4,413,227,620.09 and interest of USD 98,446,192 or equivalent to THB 3,397,301,516.66) (the “Trade Debt”). After the acquisition of the Trade Debt, SSG Group has proposed the Debt to Equity

equity (ROE) 17.70% 14.40% 12.38% 11.04% -2.43% Return on asset (ROA) 8.20% 6.80% 5.73% 5.01% -0.86% Interest bearing Debt / Equity (IBD/Equity) 0.80 0.80 0.83 0.77 1.11 Return on equity (ROE) and Return

% 19.80% 17.70% 14.40% 12.38% Return on asset (ROA) 9.00% 9.20% 8.20% 6.80% 5.73% Interest bearing Debt / Equity (IBD/Equity) 0.56 0.62 0.80 0.80 0.83 Return on equity (ROE) and Return on assets (ROA) as of

Return on equity (ROE) -9.52% 2.01% 2.95% 14.77% 13.11% Return on asset (ROA) -3.52% 0.75% 1.06% 5.14% 4.59% Interest bearing Debt / Equity (IBD/Equity) 1.28 1.22 1.12 1.05 0.98 Return on equity (ROE) and