October 11, 2019 Re: Clarification of the operating results of company and its subsidiaries for the year ended as at December 31, 2018 To: President The Stock Exchange of Thailand K.C. Property

2019_Q3_MDA_ENG Ocean Glass Public Company Limited Page 1/4 Management Discussion and Analysis Operating Results 3rd Quarter 2019 Ocean Glass Public Company Limited and its subsidiaries (“the Company

and its subsidiaries for the year 2017 which audited by the auditor of the Company. Details are as follows. 1. The Operating Results Analysis For the year ended December 31, 2017 The operating results

by issuing debentures with fixed interest rate from 2.05 to 3.01 percent per annum to reduce financial cost and risk management from floating interest rate. As a result, the Company has saved interest

estate businesses. 2. Operating Results (Company and Subsidiaries) Consolidated revenue for Q3/2018 of 248.6 million baht compared with Q3/2017 of 95.0 million baht, increased 153.6 million baht or 161.7

) (3.45%) Other income 23.06 29.83 6.77 29.34% Selling and administrative expenses 195.24 200.68 5.44 2.79% Operating profit 993.74 954.83 (38.91) (3.92%) Finance cost 56.66 70.71 14.06 24.81% Income tax

on sales of leasehold right) divided by ASK. CASK – Fuel : The sum of operating cost, sale expenses, service expenses and the remuneration of the executives of the Company (excluding financial cost and

_ Ocean Commerce Public Company Limited 148/1 Soi Ramintha 14, Ramintra Road , Tharang, Sub - District Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 No. OCMSET/1708/001 (translation

period of the previous year, the Company gained revenue from sales at Baht 142.50 million which had decreased comparing to the same period of the previous year at Baht 5.58 million. The cost of sales

expenses mainly consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. For the nine-month period, the Company had total consolidated expenses of 11,945 million