million baht, Decreased by 101.72 million baht or 23.54 % when compared with Q1 / 2023 This is because the company has a stock of raw materials for production starting in the 4th quarter of 2023. Profit

manage stock for more efficient production and sales of electricity in the long run. 3. The company’s selling and administrative expenses for this quarter in the amount of Baht 64.96 million or 13.34

THB 60.4 mn or equivalent to 27.9%.Regardiing to the late Q2/2017, the Company have ordered steel-coil to stock for production of finish goods to support sale order from customer during second half of

improved the work processes of setting up machinery and manage stock for more efficient production and sales of electricity in the long run. 3. The company’s selling and administrative expenses for this

1 Ref. No. IVL 006/11/2017 9 Nov 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

farming area into the abandon area. These resulted to an increasing in customers’s orders that they intended to stock more for upcoming production. As of June 30, 2018 the Company and its subsidiary had a

palm production and stock, EPPO P2F was also increased due to higher of Methanol price. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 5 Fatty Alcohols Exhibit 4

Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained

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

stock to dip below its 5 year average; greatly tightening the oil market. Dubai crude price in Q2/2018 on average increased by 8.11 $/BBL when compared to Q1/2018 is due to OPEC adjusting their production