understanding (the “MOU”) with Kendrick Global Limited (“KG”), a subsidiary of SSG Capital Partners III, L.P. (“SSG III”). Under the MOU, SSG III and its subsidiaries wish to engage in the debt restructuring of

Management’s Discussion and Analysis For the operating results of 1Q2018 Global Green Chemicals Public Company Limited Global Green Chemicals Public Company Limited Management’s Discussion and

and the increase in other current liabilities 0.6 MB and the increase in employee benefit obligations by 8.0 MB.  Shareholders' Equity As of December 31, 2019, the Company and its subsidiaries had

7.61% Total liabilties and shareholders' equity 3,138.54 3,251.20 112.66 3.59% - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for

- Translation - Management Discussion and Analysis of the Company’s Performance for the Nine Months Ended 30 September 2018 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

- Translation - Management Discussion and Analysis of the Company’s Performance for the nine-month period ended 30 September 2019 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

% Shareholders’ equity 3,105 38.9% 5,799 60.6% Total liabilities and equity 7,985 100.0% 9,564 100.0% The third quarter of 2017/18 (ended 31 December 2017) 6 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS

, 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

, the ending of projects together and lower global price of materials which all were resulting to the decreasing in the sales. Eventually, there were the impacts to the lower gross profit. The profit

Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income