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page 1/6 (TRANSLATION) Ref. WINNER 0004/2019 February 26, 2019 Re Management Discussion and Analysis (MD&A) for the year 2018 and for the year 2017_revised To The President The Stock Exchange of

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Global Green Chemicals Public Company Limited Management Discussion and Analysis For the operating results of FY2019 Global Green Chemicals Public Company Limited Management Discussion and Analysis

Management Discussion and Analysis For the Annual Operating Results 2018 Ended December 31, 2018 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

1 No. ACC 2019/004 13 August 2019 Subject : Management Discussion and Analysis for the three-month and six-month period ended 30 June 2019 To : President The Stock Exchange of Thailand Index Living

agreements and dividend payment during the period. 1 GLOBAL POWER SYNERGY PLC. Q2/2017 Management Discussion & Analysis (MD&A) Q2/2017 Financial and Operating Highlights Unit: THB million * Exclude

well as a result from the better cash flow management. 2. The increase of the capital in a joint venture in the amount of THB 164 million 3. The decrease of the land, buildings, and equipment in the

, buildings, and equipment in the amount of THB 145 million Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) 12 Months In 2017 12 Months in 2016 Variation THB % EBITDA pursuant to the