(down 84% qoq) and adjusted EBITDA of THB 264 million (down 16% qoq). Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 8 Consolidated Profit & Loss statement Exhibit 7

. Compare to 4Q2018, it was reduced by 0.35 Baht/kg or down 7%. These were mainly resulted from the decreasing of methanol price which was a factor in the ME EPPO price formula. Fatty Alcohols Exhibit 4

dropped from previous quarter resulting to stock loss during 2Q2020. As a result, the Company had a Stock Loss & NRV of THB 374 million, recorded EBITDA of THB -120 million, down 236% compared to 2Q2019

(EGAT) to purchase the rest of 130,000 tons of crude palm oil to be used as electricity. For natural fatty alcohols market in 3Q/2019, the demand was slow down which was affected from US China trade war

3,842 5,227 339 20 137 -86 195 102 134% -34% 9% 91% 57% 43% 1Q2020 1Q2019 4Q2019 253 215 239 Operating Performance Exhibit 1: Consolidated Company’s Performance comparison of 1Q2020 vs. 1Q2019 vs. 4Q2019

- to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Company’s Performance UNIT

remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating Performance Exhibit 1 : Consolidated

natural fatty alcohols declined. In the meantime, supply from both natural fatty alcohols and synthetic fatty alcohols were impacted by temporarily shut down of some Chinese producers because their

. Natural fatty alcohols market in 2019 has slowed down from previous year due to the decline in purchasing power of Chinese consumers who are an important driving force for market, which was affected from US

, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence of earnings or larger subsequent earnings growth or both, and in turn higher prices. • Theoretically, I