ที่บชง Page 1 of 4 Ref. Bor Chor Ngor 0154 /2018 10 May 2018 Subject: Management Discussion and Analysis for the First Quarter ended 31 March 2018 To President The Stock Exchange of Thailand Quality

3323 No. PACE IR 2020/01 Date: 25 August 2020 Subject: Explanation of the Operating Results for the three-month period ended 30 September 2019 changing over 20% To: The President The Stock Exchange of

has disclosed the issue about the procurement process of raw materials to The Stock Exchange of Thailand in Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 2Q2018

Exercise ratio (warrant: common stock) 1 : 1 Exercise price (baht per share) 2.10 Term of warrants 3 years Exercise period Quarterly First exercise date 30 September 2020 Last exercise date 27 August 2021

. บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน) Management’s Discussion and Analysis | 3 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating Performance Table 1

overseas. Revenue breakdown EBITDA breakdown Unit: THB mn 2Q20 2Q19 2Q20 2Q19 Hotel business 100 813 -713 -87.7% -257 44 -301 -684.1% Education business 57 78 -21 -26.9% -17 -12 -5 -41.7% Food business 17

leading OOH nationwide media in Thailand. The VGI Group’s revenue increased by 23.5% or THB 186mn in 2Q 2017/18 from THB 792mn in the respective prior-year period to THB 978mn. REVENUE BREAKDOWN (THB MN

. REVENUE BREAKDOWN (THB MN) % Contribution to total revenue 3Q 2016/17 (Restated) 3Q 2017/18 YoY (%) 3Q 2016/17 3Q 2017/18 OOH media 666 895 34.4% 86.3% 91.5% Transit 430 549 27.7% 55.7% 56.1% Outdoor 181

journey. The VGI Group’s revenue increased by 29.0% YoY or THB 885mn in 2017/18 from THB 3,051mn in the same period last year to THB 3,936mn. REVENUE BREAKDOWN (THB MN) THB (mn) 4Q 2016/17 4Q 2017/18 YoY

THB 852mn in the same period last year to THB 1,077mn. The strong growth is driven by the robust performance across its Out-of-Home (“OOH”) business segments. REVENUE BREAKDOWN (THB MN) % Contribution