1.60 Other Revenue 3.46 2.75 2.70 2.33 0.37 15.88 Total Revenue 198.09 182.62 174.40 171.32 3.08 1.80 Costs of Sales 138.50 130.45 130.80 126.04 4.76 3.78 Cost of distributions 20.55 14.79 16.57 12.85

39.18 (24.22) (61.82) Other Revenue 0.26 0.34 0.21 0.30 (0.09) (30.00) Total Revenue 17.07 42.88 15.17 39.48 (24.31) (61.58) Costs of Sales 13.86 30.05 13.02 29.23 (16.21) (55.46) Cost of distributions

period ended 31 March 2020, the cost of distributions and administrative expenses was 7.47 millisn Baht, decreasing from the same period of previous year which had a cost of distributions and

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both

of crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for

crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for the

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

and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline