431 5% • Increasing account receivable of 57M THB, mainly are from government contract business. The account will be collected by beginning of 2019. • Increasing in stock balance of 300M THB, reflecting

there was reserved cash for promissory note due and increasing raw material stock for Q2/2019. Liabilities As of 31 March 2019, the company reported total Liabilities of Baht 1,342.4 million, decreased

increased 32 MB due to the fact that the increasing of cash from stock inventory decreased in Q1/2018 - Cash flow from the investment 0.9 MB when compared with Q1/2017 increasing 0.6 MB came from fixed assets

increasing of palm production and stock and, FA Market P2F was also declined. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 6 Operating Performance by business unit

between 15-20 days in order to avoid increasing cost of sales from stock of products too much. Because the fluctuation of palm oil prices is still an important factor in the Company's profitability. As of

to high domestic ethanol stock, and the increasing aggregate domestic production capacity. Natural Resources Business Group recorded soften performance though the Company still realized additional

recorded total sales volume increased 5% YoY, mainly from the retail market increasing by 7% YoY, stemming from the company’s strategy to focus on expanding its customer base, and to actively push the sales

หน้า 1 จาก 1 Translation May 8, 2018 Subject: Management explanation and analysis for Quarter ended 31 March 2018 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public

หน้า 1 จาก 1 Translation February 22, 2019 Subject: Management explanation and analysis for Year ended 31 December 2018 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public

หน้า 1 จาก 1 Translation August 8, 2018 Subject: Management explanation and analysis for Quarter ended 30 June 2018 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public