) July 14, 2017 After the SSG group, led by SSG Capital Holdings Limited (“SSG CH”) expressed its interest in engaging in the debt restructuring of both G Steel Public Company Limited (“GSTEL”) and G J

year was from 6.27 times to 5.52 times because the Company has current liability increasing from the same period of last year. Receivable Turnover changed little from the last year, from 1.10 times to

characteristics to other existing debt securities, except for their core objective of financing projects that contribute to environmental conservation and/or social development. These products therefore are not

debt in sustaining the net capital**. Moreover, the proposed amendment included a review of the risk haircut rates used in calculating the net capital adequacy in alignment with the current conditions

-current liabilities is long-term debt and liability under finance lease net from the long term debt due date within one year is THB 43.2 MB and THB 29.0 MB respectively or equivalent to 13.9% and 8.4% of

long- term debt and liability under finance lease net from the long term debt due date within one year is THB 43. 2 MB and THB 24. 3 MB respectively or equivalent to 13. 9% and 4. 9% of the total

1.0 0.9 Trade receivable 16,579 4.7% 15,219 4.3% Net debt to EBITDA (times) 0.9 0.9 0.8 Inventories 2,372 0.7% 2,104 0.6% Net debt & lease liability & Spectrum license payable to EBITDA 2.1 2.3 2.2

interest in engaging in the debt restructuring of both G Steel Public Company Limited (“GSTEL”) and G J Steel Public Company Limited (the “Company”), on May 26, 2017, the Company executed a memorandum of

-measurement of employee benefit obligation amounted Baht 3.76 million. Ocean Glass Public Company Limited Page 4/ 6 Management’s Discussion and Analysis Ocean Glass Public Company Limited Management’s

receivable has increased in line with revenue increase. Liabilities as of 31 December 2017 substantially decreased mainly from the repayment of debt owed to financial institutions. The repayment was from IPO