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

Other assets 75.60 77.63 66.45 Total Assets 1,674.32 1,685.41 1,774.93 Trade Payable 118.80 136.50 128.39 Interest-Bearing Debts / Leasing 1.04 0.91 78.36 Employee Benefit Obligation 58.85 56.25 49.89

-4.8% from both current (lower trade & other payable and current portion of long-term debt) and non-current liabilities (lower lease liability and spectrum payable offset by increased long-term

. Furthermore, it seeks to enhance the efficiency of bondholders’ representatives in fulfilling their duties and bolster the credibility and protection of debt securities investors. The SEC and ThaiBMA are

dealing business or securities underwriting business and capable of providing services related to debt securities and Sukuk is eligible to act as a bondholder representative. This is to ensure that the

, securities dealing business or securities underwriting business and capable of providing services related to debt securities and Sukuk is eligible to act as a bondholder representative. This is to ensure

issuance and offering of debt securities. Key areas of discussion encompassed the enhancement of information disclosure to investors, with a specific emphasis on augmenting speed, clarity, timeliness, and