equivalent position to the fourth executive and shall include the persons holding the position of manager or equivalent in accounting or finance departments. The Corporate Group’s total expenses in the 1st

by 4.0% due to interest expenses of short- term loans. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2019 March 31

52,944.89 900.16 34,755.21 31.67 3.52 Total Shareholders' Equity 360.46 20,480.68 444.16 17,149.03 (83.70) (18.84) Financial Performance for the quater March 31 , 2019 (Unit : Million Baht) Financial Position

Position and THB million Q1’19 Q1’18 %Chg As Reported (% to Sales) Total Admin Exp. 69(10.5%) 42(13.4%) 65.0% TKS 41(6.2%) 39(12.6%) 4.7% One-off Extra exp. - 3(0.8%) (100.0%) Company 41(6.2%) 42(13.4%) (1.9

to Baht 95.2 million, increased 20% from 1Q18 and increased 26.2% from 4Q18. While net profit margin increased to 12.3% from 11.5% in 1Q18 and 9.7% in 4Q18. Statement of financial position As of March

Baht) Power Electrical Engineering System 65 2,112.40 Telecommunication & Signaling 3 133.36 Renewable Energy Project 2 86.75 Total 70 2,332.51 Consolidated Financial Position information Current assets

Q4 2018 to a loss of Baht 159 million in Q1 2019. Financial Position Analysis (Unit : Million Baht unless otherwise stated) March December Change 2019 2018 Unit % Change Total Assets 19,030 17,891

expenses due to the promotion of sales programs. 4. The financial position of the Company and its subsidiaries as at March 31, 2019 total assets were Baht 3,934.90 million, divided into total current assets

165 million decrease by Baht 5 million QoQ and decreased by Baht 42 million YoY). Financial position Total Assets As of 30 June 2018, the Company and subsidiary has total asset amounted to Baht 31,971

HRC production for local market (Separate: Baht 171 million, increased by Baht 6 million QoQ and decreased by Baht 29 million YoY). Financial position Total Assets As of 30 September 2018, the Company