for up to an additional 5 years. The construction of the project has progressed 99.29% (The construction plan was 99.16%). The commercial operation date is scheduled in the fourth quarter of 2019

capture growth and bolster our leadership in OOH media business in overseas markets. BUSINESS OVERVIEW AFTER THE RESTRUCTURING MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY

increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q2/2019, domestic RTD fruit juice market

esthetics. 2. Overview of operating results in the Quarter 2’2019. Continued from the first Quarter of 2019 until second Quarter, the world economic still be tense from political crisis in many country and

had Methyl Ester (ME) sales volume of 90,100 tons, increased by 4,221 tons or up by 5% yoy, and FA sales volume of 30,209 tons, grew higher by 2,566 tons or up 9% yoy. The company revenue were posted of

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 89.83% (The construction plan was 88.38%). The commercial

service concerning health and esthetics. 2. Overview of operating results in the Quarter 2’2018. Although the global economy is at risk, such as political tensions and economic of international, or the

(million THB) Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 4 Market Overview by business Methyl Ester (Biodiesel) Exhibit 3: Product and Feedstock Prices Average Price

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 93.69% (The construction plan was 92.41%). The commercial

finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures. 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In Q3/2018