was impacted from increase in methyl ester supply in Thailand which pressured to the profitability of methyl ester, Stock Loss & NRV due to dropped in crude palm oil price, and the declining of

PUBLIC COMPANY LIMITED BAY: BANK OF AYUDHYA PUBLIC COMPANY LIMITED BBL: BANGKOK BANK PUBLIC COMPANY LIMITED BCH: BANGKOK CHAIN HOSPITAL PUBLIC COMPANY LIMITED BCP: BANGCHAK CORPORATION PUBLIC COMPANY

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

ที่ กบร No. Kor Bor Ror. 032/2017 November 9, 2017 President The Stock Exchange of Thailand Re : Increase of the investment proportion in the ordinary shares of Pattaya Manufacturing Co., Ltd

ที่ กบร No. Kor Bor Ror. 016/2018 September 19, 2018 President The Stock Exchange of Thailand Re : Transaction to purchase assets from connected party Dear Sir, Thai Wacoal Public Company Limited

. 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

% 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