3,903 3,681 222 6.0% Sales and service income 3,628 3,588 40 1.1% Other income 127 92 35 38.0% Gain on disposal of investment 147 - 147 100% Cost of sales and services 3,400 3,351 49 1.5% SG&A expenses

Co.,Ltd. reduced 0.30 million and Sahapat properties Co.,Ltd. decreased 0.03 million baht. 3. Gain on disposal of assets, 0.78 million baht. Decrease from the same period a year before, 9.87 million

synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price situation. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols were tight which were impacted by the

supply. Consequently, this resulted in much healthier demand for Natural Fatty Alcohols than quarter 3/2016 as its price decreased to a lower level than that of Synthetic Fatty Alcohols as well as the

Fatty Alcohols (FA) market, in 1Q2018, it was better than 1Q2017, as Natural FA price was being more competitive to Synthetic FA price. This was mainly due to softer CPKO prices. From above reasons, GGC

impact of Stock Gain/(Loss) and NRV Management’s Discussion and Analysis Global Green Chemicals Public Company Limited | 3 sales volume was increased. However, sales revenue of Fatty alcohol business

B7, which increased from B3, B5 and B7 in previous year. Fatty Alcohols(FA) market in 2017 had improved from previous year, driven by demand for Natural FA since its price could compete to Synthetic FA

because its price was more attractive than synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols

to February 2019. For fatty alcohols market, natural fatty alcohols was being more competitive to synthetic fatty alcohols due to its price attractive as CPKO price which is the feedstocks to produce

synthetic fatty alcohols price and also supply of natural fatty alcohols has slightly dwindled due to maintenance shutdown of some producers, hence demand for natural fatty alcohols was still in good