for stock trading when jackpots reached a certain threshold. Gao et al will serve as the main motivation for taking the study on a broader scale to discover if and where the effect more (less) powerful

instrument, to the point where informal mechanisms such as corporate culture have only a limited role to play. In other words, powerful boards might serve as a substitute for a strong corporate culture. This

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

Thailand PACE Development Corporation Public Company Limited (“the Company”) would like to report the operating results for the year ended 31 December 2019. The details are as follows: Exhibit 1: Earnings

equities of THB 11,137 million. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 Operating Performance Exhibit 1 : Consolidated Performance comparison of 1Q2018 vs

% 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

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

exploit the capital markets for fund mobilization, according to the government policy and investors’ protection. Within SEC booth, four SMEs joins the exhibit. Of them, Global Prime Corporation and

the investment in the Green Investment Trust may extend over a long period of time and exhibit volatility in its returns. The consultation paper is available at https://www.sec.or.th/TH/Pages