rate of 12 percent per annum, aggregating USD 24,600,000, or equivalent to THB 848,926,866.67. However, the interest amount may be reduced in the case of partial principal prepayment. (2) Front end fee

time last year. Industrial sales volume increased by 23 million liters (+4%) due to the same period of the previous year where Thailand experienced a severe drought which significantly reduced fuel

from 4.0 percent in 2017. Nominal GDP for the year totaled Baht 16.3 trillion (USD 500 billion). While domestic demand continued to be solid in 2018, the export and tourism sectors weakened in the second

sales i.e. gross profit of revenue from domestic sales was amounted to THB 2,447 million decreased by THB 17 million or 0.7% representing gross profit margin of 31.3% reduced from the ratio of 37.0% in

that the value of initial stock pledged is reduced 1. The Company cannot take and/or arrange for the shares of G J Steel Public Company Limited owned by GS Securities Holding Company Limited to pledge

lower manufacturing costs than the Company’s manufacturing costs, and certain groups of the Company’s customers reduced their contract manufacturing volumes with the Company in order to procure finished

5,988.3 million, decreased by 8.1% and interest expenses were Baht 2,446.2 million, decreased by 22.1% from the 9-month period of 2019. Interest income decreased because the bank, its subsidiary, reduced

Company’s shareholding in BBGI will be reduced to not less than 42 percent of the total issued shares in BBGI post-IPO. The dilution of the Company’s shareholding in BBGI due to the IPO may be considered a

production after they temporarily reduced their operation due to feedstock price volatility in 2017. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 6 Operating Performance

Segment Revenue from feed business consisted of revenue from animal feed, fish feed, and shrimp feed, represented 17.84% of total sales, amounting THB 706.21 million, reduced by THB 151.50 million or 17.66