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

December 2018 Current Ratio 8.1 8.1 Debt to Equity Ratio 0.2 0.2 Million Baht three-month period 2019 2018 Cash and Cash Equivalent on 1st January 291.7 24.3 Net Cash Provided (Used in) Operating Activities

4.89 percent. 2  Expenses Cost of Sales The Company and its subsidiaries' cost of sales ratio was increased from 64.24 percent in Q.2/2018 to 65.75 percent in Q.2/2019. Cost for Rent and Service The

Liabilities 1,357.5 1,392.8 (2.5) Total Shareholders’ Equity 1,806.8 1,873.1 (3.5) Current Ratio (times) 1.17 1.22 Debt to Equity Ratio (times) 0.75 0.74 As of June 30, 2019, total assets decreased by 3.1

อตัราสว่นสภาพคลอ่ง (Current ratio) เทา่กบั 10:1 และอตัราสว่น หนีส้นิตอ่สว่นผู้ ถือหุ้น (Debt to Equity Ratio) เทา่กบั 0.12:1 เทา่ ใกล้เคียงกบังวดเดียวกนัของปีก่อนซึง่ เทา่กบั 7.76:1 และ 0.10:1 เทา่ ตามล าดบั

million baht Date 31 March 2018 31 December 2017 Current Ratio 4.1 3.6 Debt to Equity Ratio 0.2 0.2

Baht 0.12 million or 2.24 percent.  Expenses Cost of Sales The Company and its subsidiaries' cost of sales ratio was decreased from 68.33 percent in Q.2/2017 to 64.24 percent in Q.2/2018. Cost for Rent

1,882.8 (1.8) Current Ratio (times) 1.51 1.91 Debt to Equity Ratio (times) 0.74 0.62 As of June 30, 2018, total assets presented at Baht 3,227.3 million, increased by 5.7% comprised of current assets Baht

Shareholders’ Equity 1,876.1 1,882.8 (0.4) Current Ratio (times) 1.26 1.91 Debt to Equity Ratio (times) 0.75 0.62 Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Ocean Glass Public

Company's debt to equity ratio as at 30 September 2019 is 2.04 times (as at 31 December 2018 is 1.84 times) Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol, Amphur Muang, Samutsakhon 74000 Registration