| 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

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

of crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for

crude oil and not to record material revenues and other account in AIE’s accounting system causing inaccuracy in AIE’s financial statements for Q1-Q3 of the year 2014 and the financial statement for the

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 2Q/2019, overall palm oil production and crude palm oil (CPO) inventory have remained high

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

product and crude oil by 2.27 million barrels compared to the previous quarter. As well as, the price of crude oil and finished product adjusting upward compared to the previous quarter. The increased

the reestablishment of US sanctions of Iran, as well as demanding for other countries to cease crude product imports from Iran; the sanction had been in place for 90 days since it began, this resulted

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

| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel