the future business expansion. Finance Expenses Financial expenses increased during the period from THB 17.4 Mn in 2016 to THB 24.5 Mn in 2017, an increase of THB 7.1 Mn or 40.8%. This was due to

or 6.9% and was mainly due to staff increases to support the future business expansion and higher accrued staff bonus. Finance Expenses For the 9 months ending 30 September 2017 and 2018, financial

155.02 101.48 65.46% Selling expenses 30.19 15.79 14.39 91.13% Administrative expenses 75.07 67.23 7.84 11.67% Finance cost 3.73 3.51 0.23 6.42% Profit before income tax expenses 307.62 147.01 160.61

MB in the year 2017) mainly decreased from travelling expenses and consultation fee etc.  Finance Cost In the year 2018, the Company and its subsidiaries had the financial cost 8.2 MB decreased 12.5

27.7 Finance costs 4.3 5.3 (18.0) 13.8 15.0 (7.7) Total expenses 450.0 478.3 (5.9) 1,335.0 1,381.3 (3.3) Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis 3rd Quarter 2019

%) Administrative expenses (23.09 ) (22.26 ) (0.83) 3.73% (34.22%) (39.43%) Other Expenses Doubtful accounts (0.57 ) (0.66 ) 0.09 (13.64%) (0.84%) (1.17%) Finance costs (13.07 ) (17.95 ) (4.88 ) 27.19% (19.37

expenses -330,341 -212,080 -118,261 55.76% -77,046 -51,037 -26,009 50.96% Administrative expenses -62,841 -74,579 11,738 -15.74% -16,567 -12,133 -4,434 36.54% Finance Costs -25,793 -5,247 -20,546 391.58

December 31, 2019, there was 152.94 million baht of signed contracts not yet recognized as income (Backlog)in MARQUE Sukhumvit. - Finance cost in 2019 amounted 418.28 million baht decreased by 42.13 million

% Total revenues 797.50 673.12 124.38 18.48% Cost of sales 380.02 256.50 123.52 48.15% Selling expenses 177.52 30.19 147.33 488.01% Administrative expenses 152.17 75.07 77.10 102.70% Finance cost 9.55 3.73

2,367.72 9.41 2,681.09 8.79 (313.37) -11.69 Specific Business Tax 974.71 3.87 1,166.59 3.82 (191.88) -16.45 Finance Cost 835.45 3.32 730.58 2.39 104.87 14.35 Income Tax 1,718.79 6.83 1,707.53 5.60 11.26 0.66