Stock Exchange of Thailand on due course. In terms of the production in 2018, the Company still continues its operation and produces Hot Rolled Coils. Further, the Company is in the process of obtaining

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; (amended) 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the Issuance and

Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Calling the Extraordinary General Meeting of Shareholders No. 2/2019 To The President The Stock Exchange of

Management Overall, movements in foreign exchange continued to see the Thai Baht strengthen in the third quarter of 2019 compared to the preceding quarter. The creeping trade protectionism adopted by the US

_ 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/1902/001 (translation

Promotion; the Department of Business Development, Ministry of Commerce; the Department of Industrial Promotion, Ministry of Industry; the Stock Exchange of Thailand; Small and Medium Enterprise Development

of loss on exchange rate of THB 26.27 million due to the fact that the Thai Baht value appreciated against US Dollar and the Company had the foreign trade receivables about USD 21.31 million

exchange rate, resulting in a decrease in net profit ratio (ROS) from 16.00% in 2018 to 14.78% in 2019. The total expense to total revenue ratio increased from 13.32% in 2018 to 17.46% in 2019. 1. Overview