mountain areas, and also expanding to the online media and agency service. Operating Results Overview Operating results in the separate financial statements of the Company for the three-month and six-month

- Translation - Ref : LPH/SET 2020/012 August 14, 2020 Subject : Clarification on the Operating Results for the 3-month and 6-month period ended June 30, 2020 (Q2/2020) To : President The Stock

1 Management Discussion and Analysis for the period ended Q1/2021 Ref. SPVI 006/2021 Business Overview for Q1’2021 The operating results for the three-month period ended 31 March 2021 of S P V I

/21)  2020  (01/01/20  -31/12/20)  2019  (01/01/19  -31/12/19)  2018  (01/01/18  -31/12/18)  Accounting Type Consolidate Consolidate Consolidate Consolidate Operating Cash Flow 14.70 149.29 -10.33 81.56

Public Company Limited and its subsidiaries (“the Company”) would like to clarify herewith the financial position and operating result for the 3-month period ended 31 March 2020 as follows:- Financial

Microsoft Word - 2020_Q1_MDA_ENG Ocean Glass Public Company Limited Page 1/3 Management Discussion and Analysis Operating Results In the 1st quarter of 2020, Ocean Glass Public Company Limited and

Company’s gross profit of 17.81 million baht (28.48%), because in 2020 there was no operating result of subsidiaries LG Container Lines Company Limited (in Thailand) and SKK Inter Logistics Company Limited

280.62 16.5 * excluding fuel cost Increase (Decrease) % Quarter 1 The operating result for the 1st quarter of 2020 showed the profit (attributable to owners of the Company) of THB 1,360.82 million

-9.6% Administrative expenses 341.9 12.5% 435.6 16.3% 93.7 27.4% Total Expenses 564.3 20.6% 636.7 23.9% 72.4 12.8% Operating Profit 344.5 12.6% 352.6 13.2% 8.0 2.3% Finance Cost 120.1 4.4% 150.3 5.6

-One coal-fired power plant, which account for 67% of the total Normalized Net Income decrease. In 2Q2020, GHECO-One continued solid operating performance with zero unplanned outage in 2Q2020. However