Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

1.88 -33.9% Share of profit from investment in associate 1.95 2.14 -0.19 -8.9% Income tax expenses -23.50 -49.39 25.89 -52.4% Net profit 134.30 200.70 -66.40 -33.1% Minority interest in subsidiary -47.35

(Translation) Management’s Discussion and Analysis For the operating results of Quarter 3 2017 Global Green Chemicals Public Company Limited Global Green Chemicals Public Company Limited Management’s

7.32%. Revenue decreased from revenue from Sales Baht 646.41 million, decreased by 8.07%, from sales in material product group due to fluctuations in global markets from US and EU policies. Used

decreased from revenue from Sales Baht 314.35 million, decreased by 1.30%, from sales in material product group due to fluctuations in global markets from US and EU policies. Revenue from installation work of

income 4.1 6.1 -32.5% Cost of sales - 159.6 - 150.9 -5.8% Selling expenses - 4.5 - 5.6 19.8% Administrative expenses - 7.2 - 6.6 -9.4% Finance costs - 3.0 - 0.7 -298.0% Profit for the period 2.4 11.9 -79.9

expected due to declining global trade volumes and the slower economic growth of major trading partners, which were affected by trade tensions between the US and China. Export growth has been negatively

been affected in accordance with the economies of major trading partners and the declining global trade volumes. This has begun to have further effects across all sectors, especially to domestic demand

from deferred tax assets amounting to THB 272 million. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 11 Exhibit 8 : Consolidated Profit & Loss Statement comparison

. - On March 20, 2018, Gen Plus B.V., a wholly owned subsidiary of EGCO, divested all 49% indirect shares in MASINLOC POWER PARTNERS CO. LTD. (MPPCL) to SMC Global Power Holdings Corp. EGCO Group