MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED|Specific Fund | Offering Date : 10/09/2007 - 24/09/2007

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED|Specific Fund | Offering Date : 18/06/2008 - 25/06/2008

slightly, its mixture in Diesel fuel remains at 7% the entire quarter, Gross profit improved from the cost of crude palm oil that was used in manufacturing lowered at a faster pace than the price of B100

previous year; B100 product sales volume rose, as the mandated mixture of B100 product in Diesel fuel was at 7% throughout the quarter, as well as gross profit was better as the crude palm oil cost used in

and THB 299 million, respectively. Biofuel Business suffered a decline in gross profit from the continuous decline of Crude Palm Oil price, leading to the price of the B100 product to decline as well

, gross profit rose 415%, mostly ascribed to the refinery business recorded improvements in its Total GRM supported by the rise in crude oil price. The Company reported a lower inventory loss than Q4/2018

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

| 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

global oil price. While the company’s total product sales volume rose 4% YoY, additionally, trade transaction for crude oil and finished product under BCPT Trading Pte., Ltd. rose 71% YoY. 2. Gross profit

following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from