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

price. Nevertheless, the company had improved the feedstock management, resulting in the recorded adjusted EBITDA of THB 346 million, a little decrease from the previous year by 2%. In addition, the

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

, rose by 86% compared to 1Q2019, resulting to EBITDA of THB 345 million, improved from prior year by 145% mainly from profitability improvement of methyl ester driven by lessen competition in product

tax of palm oil. Lastly, there were some fatty alcohols producers declared Force Majeure. From these factors, demand for natural fatty alcohols has improved from previous year. Due to the aforementioned

products of THB 9,158 million, improved by 50%, recorded EBITDA of THB 225 million, slightly down 2% and Adjusted EBITDA of THB 507 million, inched up 40% compared to the first 6 months of 2019. Net loss was

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

% 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

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

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