accounting policies due to Thai Financial Reporting Standard No. 16 (TFRS 16) which is made effective in the current period. As a result, the company has the right of use assets of 41.4 million baht and

baht or 5.5 percent compared to non-current assets as of December 31, 2019. The significant change occurred from changes in accounting policies due to Thai Financial Reporting Standard No. 16 (TFRS 16

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

of both Samaedum and Map Ta Put factories, especially Map Ta Put factory had to delay the service in August and September. The maintenances have finished and both factories are now ready to receive the

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