2017, the Company and subsidiary has total equity amounted to THB 13,341 million, increased THB 2,472 million or 22.75% from year 2016 due to the operating profit generate by the Company. Management’s

per Share prior to the offering - Earnings per Share after the offering Earnings per Share prior to the offering = Calculation cannot be made as the Company has deficit operating results. When comparing

People’s Democratic Republic (Lao PDR). Moreover, in the first 6 months of 2017, the company and its subsidiaries had gain net cash flow for Baht 1,636 million by gaining net cash flow from operating

………………………… securities company limited Cash flow statement For month/year ending…………………………………. (Unit:Baht) Consolidated The Company only (20..) (20..) (20..) (20..) Cash flows from operating activities Net income

Securities business and Derivatives business payables Other derivatives liabilities Provision Other liabilities Net cash from operating activities (Translation) -8- (Unit:Baht) Consolidated The Company only

Calculation Transaction Size Value of net tangible assets (NTA) Proportion of assets disposed X NTA of investment in the Subsidiary X 100 NTA of the Company = 50.99% X 477.3 X 100 2,345.5 = 10.38% Net Operating

: Rules, Conditions and Procedures for Reporting of Disclosure of Information on Financial Condition and Operating Results of Issuing Company in the parts concerning debt securities shall, mutatis mutandis

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

million and a total appraisal value of Baht 508.0 million. Bangkok Commercial Asset Management Public Company Limited Page 13 Information Memorandum Explanation on Operating Performance: For the years ended

) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 9M’18 9M’19 change Q3’18 Q2’19