GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

the Period Ended December 31, 2018 Business Overview In 2018, Ocean Glass Public Company Limited and its subsidiaries (“the Company”) reported consolidated revenues of Baht 2,031.10 million, decreased

production of the company can substitute the import HRC. - As the above reasons, the Company believe that with the new working capital injected to the Company and lower debts (partly are converted to equity

state-of-art steel mill and the production of the company can substitute the import HRC. - As the above reasons, the Company believe that with the new working capital injected to the Company and lower

% 92% 4Q2018 310 217 61% 39% 1Q2019 2,816 60% 40% 1Q2018 4,631 57% 43% 4Q2018 3,654 Operating Performance Exhibit 1 : Consolidated Company’s Performance comparison of 1Q2019 vs. 1Q2018 vs. 4Q2018 UNIT: M

Disposal”). By calculating on a Net Operating Profit basis after tax deduction, the highest transaction size is 33.63 percent of the Value of the Net Profit of the Company according to the consolidated

, Substitute for Songkran Day (3 days), H.M. The King’s Birthday, and H.M. The Queen Sirikit’s Birthday / Mother’s Day. Overview Operational Results Between the Third Quarter and the Nine-Month Period of the

is calculated, it is equivalent to 25.90 percent of the net tangible assets (NTA) according to the interim consolidated financial statement of the Company as of 30 September 2018 where the Company and

specification complies with the government standard. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 Operating Performance Exhibit 1: Consolidated Company’s Performance

on the percentage changes excessing 20 percent. Consolidated net loss attributable to equity holders of the Company was 88.7 million baht compared to consolidated net loss attributable to equity