Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 2Q/2019, overall palm oil production and crude palm oil (CPO) inventory have remained high

Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude

equipment in the Hydrocracker unit, leading to limited fuel supply. Consequently, stock management had to be put in effect as to not affect the retail channel, which is the main sales channel. 2. Net

effectively managed, although inventory days increased from 28 days to 40 days. This was a result of an elevated handset stock-to-sales ratio due to the government tax campaign in early 2024, which postponed

Ref. No. IVL 007/08/2018 Aug 6, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama

3344 Fax. 66 2 654 3323 No. PACE IR2018/010 Date: 28 February 2018 Subject: Explanation of the Operating Results for the year ended 31 December 2017 changing over 20% To: The President The Stock Exchange

หน้า 1 จาก 1 Translation August 13, 2019 Subject: Management explanation and analysis for Quarter ended 30 June 2019 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public

additional ME sale volume that government asking fuel traders M.7 for collaboration to stock more of ME inventory. Therefore, the company reported EBITDA of THB 106 million declined by 35% qoq. In addition

oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and

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