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

Limited (“ASB Cambodia”) Retail Finance 80% General characteristics of transactions: AEON Systems provides outsourcing service in the system development to ASB Cambodia with cost of 31,911,900 baht - ASB

amortized to total expenses. 6. Finance costs increased by Baht 10. 05 million or 26. 37% from the same period of last year due to the fact that the company borrowed money from financial institutions for the

increased corporate tax liability, despite a lower finance cost. This resulted in basic earnings per share of Bt1.15 for the second quarter of 2017 and Bt2.28 for the first six-month period of 2017. Total

% Administrative expenses -97 -136 -39 -29% -78 -111 -33 -30% Directors' s Remuneration -2 -2 0 0% -2 -2 0 0% Management's Remuneration -14 -14 0 0% -13 -13 0 0% Finance cost - Interest expenses -8 -7 1 14% -5 -5 0