million, total liabilities at THB 81.73 million and shareholders' equity at THB 788.99 million. The company’s Debt-to-equity ratio was 0.10. Please be informed accordingly. Yours faithfully, Mr. Amnaj Eur

Analysis of the Company’s Performance for the year ended December 31, 2019 Baht Million 2018 2019 +/(-) +/(-) % Total revenues 1,422.61 1,710.75 288.14 20.25% EBIT 354.24 412.93 58.69 16.57% Finance cost

1,038.6 1,093.4 (5.0) Non-Current Liabilities 294.0 299.4 (1.8) Total Liabilities 1,332.6 1,392.8 (4.3) Total Shareholders’ Equity 1,842.5 1,873.1 (1.6) Current Ratio (times) 1.20 1.22 Debt to Equity Ratio

consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. In the first half of 2018, the Company had total consolidated expenses of 7,855 million baht, an increase

Condensed Consolidated Statement of Financial Position 2018 2017 + (-) % (in million Baht) For the three-month period ended 30 September Gain from debt restructuring - 110 Other income 18 45 (146%) Total

financial institutions total amount of THB 991.7mn. As a result, the Company had ending cash of THB 634.5mn as of 31 March 2019. 1 Calculated from interest-bearing debt net of cash and cash equivalents

income 23.88 59.13 (35.25) (59.61) Service income - 3.09 (3.09) (100.00) Other income 1.13 1.14 (0.01) (1.01) Total Revenues 25.01 63.35 (38.35) (60.53) Cost of construction 47.89 87.62 (39.73) (45.35

59.13 (35.25) (59.61) Service income - 3.09 (3.09) (100.00) Other income 1.13 1.14 (0.01) (1.01) Total Revenues 25.01 63.35 (38.35) (60.53) Cost of construction 47.89 87.62 (39.73) (45.35) Cost of

) 1.14 1.39 Debt to Equity Ratio (times) 0.96 0.72 Ocean Glass Public Company Limited Page 4/4 Management Discussion and Analysis Total Assets As of September 30, 2020, total assets presented at Baht

from the repayment of fully amortized debt from MDX Asset to our 2 subsidiaries for a total of THB 70.85 million and also repayment under the rehabilitation plan of Gateway Estate Co., Ltd. to MDX for