30 April 2019 At: ACC/HO 012/19 Re: Management Discussion and Analysis for the Quarter of 1/2019 To: President The Stock Exchange of Thailand In the first quarter of 2019, the Thai economy expanded

The Gross Profit margin was 3 percentage points lower at 8% in Q119 up from Q118 at 11% due to higher higher labour costs 1%, higher depreciation 1%, higher salaries expenses 1% . Page 1 of 3 Operating

% 34% IC (Jiaxing, China) 5% 4% 4% 6% 5% HTI (Ohio, USA) 5% 4% 5% 5% 4% 100% 100% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 1

% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 5 percentage points lower at 11% in Q118 down from Q117 at 16% due to stronger THB/USD exchange rate

Microsoft Word - 00-Ref FPI.020.2018 Ref. FPI.020/2017 14 August 2018 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2018 To : Board of Directors and President of The

Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 6 percentage points lower at 12% in Q319 down from Q318 at 18% due to reduced economies of scale from lower

% 4% 100% 100% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 7 percentage points higher at 15% in Q120 up from Q119 at 8% due to

Global Green Chemicals Public Company Limited Management Discussion and Analysis | 1 Management Discussion and Analysis For the operating results of 2Q/2019 Global Green Chemicals Public Company

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

operational efficiency and cost management especially in the Outdoor media business. Consequently, the gross profit was up 34.3% from THB 442mn to THB 593mn. Gross profit margin increased from 57.2% to 60.6