Business Manufacture and trade steel bars and finished steel products Relationship with the Company Business Partners Debt amount * 231.89 million Baht Debt to Sales ratio** 7.21% Provision for allowance for

71.65 million Baht Remark Not related with majority shareholders, executives of the Company and subsidiaries Debtor 8 Nature of Business Manufacture and trade steel bars and finished steel products

general characteristics of the transaction: Vanachai Panel Industries Company Limited warehouses for one year from 1 June 2019 till 31 May 2020. The space as the place to stock the finished goods. The

of the transaction: Vanachai Panel Industries Co., Ltd. warehouses for one year from 1 June 2018 till 31 May 2019. The space as the place to stock the finished goods. The detail are follows: 3.1 Area

general characteristics of the transaction: Vanachai Panel Industries Company Limited warehouses for one year from 1 June 2020 till 31 May 2021. The space as the place to stock the finished goods. The

2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

Company have neither ability to manage finished goods (HRC) nor trade negotiation. Due to the Company had no choice but necessary to sell them just for generating income circulating used in the business

capital increase is finished, the Company will inform accordingly. Transaction size calculation The calculation of the transaction value is based on the financial information set out in the consolidated

million, mainly caused by increased of finished goods Baht 330.4 million, work in process Baht 14.7 million, raw materials Baht 53.7 million, supplies Baht 38.7 million, and decreased of goods in transit

finished goods Baht 318.0 million, raw materials Baht 66.2 million, supplies Baht 0.3 million, goods in transit Baht 33.8 million and increased of work in process 47.4 million. -2- 5. Maintenance supplies