lower average selling price due to fewer big projects & price competition, and then lower gross profit margin. 5. Cost from the water management business for the quarter 1/2018 was 77.82% of income in 1.2

the increasing in average selling price of existing completed projects. - Selling expenses in Q1/2018 amounted 214.85 million baht increased by 141.12 million baht or 191.40% compared to 73.73 million

Feedstock Prices Average Price 2Q2018 2Q2017 % yoy 1Q2018 % qoq 6M/2018 6M/2017 % yoy B100 (THB/litre)(1) 25.03 29.74 -16% 24.66 2% 24.85 31.97 -22% B100 (THB/kg.) (2) 28.94 34.38 -16% 28.51 2% 28.73 36.96

2017 Pe rfo rm an ce Revenues 7,815 3,276 Sales Volume (k tons) 378 188 EBITDA 118 64 Net Profit (Loss) (451) (233) HR C HRC Sales (k tons) 378 188 HRC Production Volume (k tons) 363 188 HRC Average

new completed projects and the increasing in average selling price of existing completed projects. - Selling expenses in Q2/2018 amounted 308.68 million baht increased by 219.33 million baht or 245.47

fees The Company’s brokerage fees in 2Q2018 were Baht 223 million, an increase of 15% from 2Q2017, mainly due to an increase in the SET average daily trading volume. 1.2 Fees and Service income 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

2017 Pe rfo rm an ce Revenues 8,666 3,292 Sales Volume (k tons) 418 182 EBITDA 27 213 Net Profit (Loss) (311) 65 HR C HRC Sales (k tons) 418 182 HRC Production Volume (k tons) 418 190 HRC Average Selling

decreased due to the effectiveness of cost control in new completed projects and the increasing in average selling price of existing completed projects. - Selling expenses in Q3/2018 amounted 292.57 million

นการไดมา/จําหนาย No. of securities held before acquisition / disposition จํานวน (Amount) ราคาเฉลี่ย (Average price) จํานวนหลักทรัพยที่ ถือหลังการไดมา/ จําหนาย No. of securities held after