Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Exhibit 2 : Sales Revenue and Adjusted EBITDA breakdown by business unit comparison of 1Q2018 vs. 1Q2017 vs. 4Q2017 (million

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

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

discount since the demand and supply of biodiesel close to equilibrium. With deducting the effect of Stock Gain & NRV of THB 92 million, the Company had Adjusted EBITDA of THB 253 million, an increase of 18

% or THB 562 million from 1H2019 when deducting the effect of Stock Loss & NRV. P a g e | 12 - Management Discussion and Analysis 2Q2020 - Fatty Alcohols (FA) Business Unit Operating Performance Exhibit

lower stock loss. As aforementioned, the company realized net profit of THB 22 million, a decrease of 66% compare to 1Q2018. As of 31 March 2019, the company has total assets in the amount of THB 12,799

3323 No. PACE IR 2020/01 Date: 25 August 2020 Subject: Explanation of the Operating Results for the three-month period ended 30 September 2019 changing over 20% To: The President The Stock Exchange of

was impacted from increase in methyl ester supply in Thailand which pressured to the profitability of methyl ester, Stock Loss & NRV due to dropped in crude palm oil price, and the declining of

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