-1- AIT (VP-SEC) 026E/2020 August 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q2-2020 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

Price (Bht./Ton) 18,529 16,348 HRC Cash Margin (Bht./Ton) 1,848 2,427 Unit: million Baht 2017 2016 Gr ou p Total Assets 32,437 32,615 Total Liabilities 20,059 21,747 Total Equity 1,364 10,868 Average

1,336 HRC Average Selling Price (Bht./Ton) 18,529 16,348 HRC Cash Margin (Bht./Ton) 1,848 2,427 Unit: million Baht 2017 2016 Gr ou p Total Assets 32,172 32,615 Total Liabilities 19,781 21,747 Total Equity

Disposal of Assets Transaction, and Acquisition of Assets Transaction To : Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Disposal of Komchadluek Business and

contributed 11.4% of total revenue or THB 97mn. Revenue increased by THB 16mn or 19.3% YoY. The sizeable growth was mainly due to an increase in the revenue generated from 1) project management fee, card

Governors of the Stock Exchange of Thailand Re: the Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposal of Assets B.E. 2547, dated 29 October 2004 (including

the number of issued and paid-up ordinary shares deducted by the number of treasury stock The Corporate Group’s total assets as at March 31, 2018 increased from the end of year 2017 by Baht 25.09

impact of Stock Gain/(Loss) and NRV Management’s Discussion and Analysis Global Green Chemicals Public Company Limited | 3 sales volume was increased. However, sales revenue of Fatty alcohol business

Acquisition or Disposal of Assets, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition

fell in the tourism and agricultural sectors. Demand for credit card loans and other consumer loans also declined in line with lower consumer spending. Looking forward, financial institutions expect