Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained

. 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

discount since the demand and supply of biodiesel close to equilibrium. With deducting the effect of Stock Gain & NRV of THB 92 million, the Company had Adjusted EBITDA of THB 253 million, an increase of 18

No No. CC20200505ELE May 12, 2020 Re: Clarification of the changes in operation performance for the first quarter ended 31 March 2020 Attn: The President The Stock Exchange of Thailand Cal-Comp

sudsidiaries, and (3) management discussion and analysis of financial position.?Before listing on the Stock Exchange of Thailand (SET), a company must pass the screening process in accordance with the principles

% 4.6% -1.4% 3.9% 6.0% -2.1% Stock Gain/(Loss) & NRV -149 -425 -65% -233 -36% -382 -458 -17% Adjusted EBITDA(1) 286 653 -56% 444 -36% 730 998 -27% Adjusted EBITDA Margin (%) 6.8% 13.5% -6.7% 9.6% -2.8

impact of Stock Gain/(Loss) and NRV Management’s Discussion and Analysis Global Green Chemicals Public Company Limited | 3 sales volume was increased. However, sales revenue of Fatty alcohol business

mandatory diesel to gradually replace B7 since January 2020. Comparison with 1Q2020, CPO price plummeted, pressured by a high level of CPO stock in Thailand due to high seasonal palm production in this

1,359 MB increased from 9M/2016 which was at 885 MB. However, the company’s performance was still impacted from Stock Loss and appreciating Baht currency which resulted in the reported net profit in

.................................................................................................................. 16  6  การมีอํานาจควบคุมในลักษณะที่กาํหนดตามเกณฑ chain principle .................................. 17  6.1  กรณีไดอํานาจควบคุมกิจการในลักษณะ chain principle จากการกระทําของผูมีหนาที1่7  6.2  กรณี