with low Debt 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

- 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

% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited

% 92% 4Q2018 310 217 61% 39% 1Q2019 2,816 60% 40% 1Q2018 4,631 57% 43% 4Q2018 3,654 Operating Performance Exhibit 1 : Consolidated Company’s Performance comparison of 1Q2019 vs. 1Q2018 vs. 4Q2018 UNIT: M

specification complies with the government standard. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 Operating Performance Exhibit 1: Consolidated Company’s Performance

million which comprised of cash and short- term investment amounting to THB 2,444 million, with total liabilities of THB 3,158 million and total equities of THB 9,338 million. Operating Performance Exhibit

-China trade war and the depreciation of Yuan (CNY) against US dollar. Besides, the extreme fluctuation of crude palm oil price in end of 2019 affected buying sentiment to be drop as buyers waited for the

105.63 (27.27) Net Profit 59.77 87.30 (31.53) Total Revenues: For 2018, EASON recorded a 3.75% drop in revenues resulted from the lower inks sales and diminishing in production of motorcycle coatings in

17.28 22.57 EBT 18.35 26.01 41.69 46.74 Net Profit 15.09 20.32 34.65 39.32 Total Revenues: For 2Q18, EASON recorded a 6% drop in revenues resulted from the lower export of inks and shrinking of domestic

23.30 36.38 EBT 9.37 29.36 51.06 76.10 Net Profit 7.57 25.11 42.22 64.43 Total Revenues: For 3Q18, EASON recorded a 14% drop in revenues resulted from the lower inks sales as well as diminishing in