with low Debt to Equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Company’s

Change Q2–18 Q4–17 Q2–18 VS Q4–17 (MB) (MB) % Unbilled Payables 505.8 459.8 46.0 10.0 Long-terms loans, current portion 3.3 29.0 (25.7) (88.6) Income tax payable 13.7 24.8 (11.1) (44.8) -4- Assets Items

19.55 million Baht, came from unappropriated retained. As of 30 June 2018, the Company had current ratio 7.76:1 times and Debt to Equity ratio equal to 0.10:1 times, compared to those of the same period

second quarter of 2017. No more of such expense incurred in the current period. (3) Increase in employee and executive expense of THB 14.91 million or 52.37% which consistent with an increase in number of

of 30 June 2018 stood at 0.57x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date stood at 2.81x, a significant improvement from 1.69x, both mainly as a result of the

June 30, 2018 December 31, 2017 Increased / (Decreased) Million Baht % Million Baht % Million Baht % Current Assets 1,797.74 56.61 1,428.27 51.37 369.47 25.87 Non-Current Assets 1,378.18 43.39 1,352.02

second quarter of 2017. No more of such expense incurred in the current period. (3) Increase in employee and executive expense of THB 14.91 million or 52.37% which consistent with an increase in number of

million. Trade and other current receivables decreased from the refundable of value added tax from the Revenue Department of Baht 119.20 million. Other non-current assets decreased of Baht 109.63 million

increased 70.32 Million Baht by trade payable, others current payable and provisions for employee benefits. At the end of September 30, 2018, the company has cash balance amount 289.69 Million Baht increasing

Quarter Change Q3–18 Q4–17 Q3–18 VS Q4–17 (MB) (MB) % Short-term loan to related parties - 18.0 (18.0) (100.0) Withholding tax 15.3 - 15.3 100.0 Other current assets 82.8 104.7 (21.9) (20.9) Investments in