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

which are energy-saving innovations for air conditioners (WATER INT PAD: Water Intelligent). Present the Company got purchase order from two customer for install such products with a cooling machine at

capability to cover debt obligations. The company places an importance to maintain its credit rating to ensures the funding costs are optimal at an appropriate level at BBB+ rating by S&P Global. AIS is

increased by 3.9% ( y-o-y) , resulting in the net profit attributable to Euity holders of the company in the year 2019 amounted to Bt939. 9 million decreased by Bt110. 7 million or 10.5%(y-o-y) , with a net

expenses at 3.7%(y-o-y), the Net profit attributable to Equity holders of the Company in 2018 were of Bt1,050.6 million which increased by Bt80.0 million or 8.2%(y-o-y), representing the Net profit margin of

expenses at 3.7%(y-o-y), the Net profit attributable to Equity holders of the Company in 2018 were of Bt1,050.6 million which increased by Bt80.0 million or 8.2%(y-o-y), representing the Net profit margin of

of total expenses at 5.2%(y-o-y), the Net profit attributable to Equity holders of the Company in Q1/2019 were of Bt347.9 million which increased by Bt25.3 million or 7.8%(y-o-y), representing the Net

Exchange of Thailand CAZ (Thailand) Public Company Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the 1stQuarter ended 31 March 2020, which

, Bangkok 10900, Thailand Fax : (662) 936-1669 ทะเบียนเลขท่ี 0107554000097 Registration No. 0107554000097 HYDROTEK PUBLIC COMPANY LIMITED บริษทั ไฮโดรเท็ค จ ำกดั (Translation) No. 031/0461 April 12, 2018

Public Company Limited and its subsidiaries (Hereinafter called “ The Group” ) would like to submit Management’s discussion and analysis for the Year 2018 with the summary as follows: - 1. Nature of