MDA 2017 Q4_FINAL_EN (Translation) Management’s Discussion and Analysis For the operating results of FY2017 Global Green Chemicals Public Company Limited บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน

Company Limited (“the Company”) reported consolidated operating revenue of THB 198 million in Q1/2022 and THB 179 million in Q1/2021, increased by 11%, mainly due to the revenue growth from dessert café as

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

% Net Profit (Loss) Margin 1 (%) (5.1%) 14.5% 19.6% 1.3% 11.3% 10.0% Number of branches as at December 31 40 43 7.5% 40 43 7.5% • After You Public Company Limited (“the Company”) reported consolidated

power was limited following rising energy price and inflation. The increased cost of living put pressure on consumers to spend wisely and reduced costs where required. The economic recovery benefited

% 32.6% 6.4% Net Profit (Loss) Margin 1 (%) (11.2%) 13.7% 24.9% (2.1%) 12.0% 14.1% Number of branches as at September 30 39 44 12.8% 39 44 12.8% • After You Public Company Limited (“the Company”) reported

% Net Profit (Loss) Margin 1 (%) 6.7% 13.4% 6.7% 0.6% 12.4% 11.8% Number of After You dessert café branches as of 31 December 40 51 27.5% 40 51 27.5% • After You Public Company Limited (“the Company

35.9% • After You Public Company Limited (“the Company”) reported consolidated operating revenue of THB 264 million in Q1/2023, increased by 33% from Q1/2022. The increase in revenue was mainly due to

demonstrated a cautious growth from expansions of private consumption and tourism sector, while facing global and local economic headwinds and challenges from high interest rate environment. Overall, AIS