Exchange of Thailand Business Overview In the year 2018, the Thai economy remained stable with the volatility of global economy including the impact of the trade war between the United States and China

for the Period Ended December 31, 2017 Business Overview For the year 2017, Ocean Glass Public Company Limited and its subsidiaries (“the Company”) reported consolidated sales revenue of Baht 2,166.69

threat to distribution channels of the Company’s customers and they had to postpone their purchase orders of the Company’s products. Moreover, there were a number of incidents that adversely affected

operation business as GSTEL was currently in the process of debt restructuring and seeking funds from external source with aim to enhance its balance sheet and improve their financial strength. The Company’s

business, featuring both house brand – separate by Apparel under brand Inco, Cheval, Sleep Mate, ETC brand, Non- Apparel under brand Cherish, Prim, Rollica, Cushy, etc., and other brand products. To date

exchange, and the increase in other income is mainly attributable to the increase in unrealized gain from foreign exchange, which is not related to the Company’s core business. Cost of sales and services

Healthi Plus, and Olé. International business sales, accounted for 12% of total revenue, declined double digit YoY due to the impact of COVID-19 lockdown. - Q2’20 Gross margin was at 33.6% (-170 bps YoY

. 66 2 654 3323 Baht to King Power MahaNakhon Co., Ltd. (“KPM”). On the same day, the Company and KPM entered into a Business Procurement Agreement, and KPM committed to pay operating costs of the

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for

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