general characteristics of the transaction: Vanachai Panel Industries Company Limited warehouses for one year from 1 June 2020 till 31 May 2021. The space as the place to stock the finished goods. The

2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

Company have neither ability to manage finished goods (HRC) nor trade negotiation. Due to the Company had no choice but necessary to sell them just for generating income circulating used in the business

months record are concluded as follow; Transaction Release Date Value (Baht) Transaction size (%) Net tangible assets (NTA) criteria Net profit criteria Value of consideration criteria Value of securities

regulations, the transaction can be concluded as the followings; 1.2.1 The transaction is defined as the asset acquisition pursuant to the Notification of the Capital Market Supervisory Board TorChor. 20/2551

of connected transaction to the SET. 7. Opinions of the Company’s Board of Directors. The Company’s Board of Directors has concluded that such a transaction is reasonable. The Company has considered

Company’s Board of Directors. The Company’s Board of Directors has concluded that such a transaction is reasonable. The Company has considered the tap water tariff reduction is appropriate and will help

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

capital increase is finished, the Company will inform accordingly. Transaction size calculation The calculation of the transaction value is based on the financial information set out in the consolidated

million, mainly caused by increased of finished goods Baht 330.4 million, work in process Baht 14.7 million, raw materials Baht 53.7 million, supplies Baht 38.7 million, and decreased of goods in transit