project called “Elevate Life’s Pleasure” to deliver Life’s Pleasure experience through various types of quality glassware in consumers’ everyday life. Ocean Glass Public Company Limited Page 2/ 6

, a decrease of THB -30.81 million or -63% , compared to H1/2018. We have pleasure in enclosing the operation result report for more details information. Yours faithfully, Mr. Geza Emil Perlaki Managing

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

, and the strong market competition had forced the company to offer alternative products with cheaper unit price for several major projects resulted in lower sale revenue from the projects, as a result

market competition - The company has cost of sales of 2,371.31 million baht or 83.87% of sales compared to the same period of 2018 which has cost of sales 2,811.00 million baht or 87.73 of sales due to

competition of BOPA Film. 2. Sales cost to revenue ratio decreased by 2.68% (from 96.43% to 93.75%) due to production efficiency control. 3. Sales and administrative expense decreased by 5.07 million baht (from

, due to intensified market competition on restaurant business. 2. The Company’s cost of goods sold in the 2nd quarter of 2019 was Baht 157.76 million, decreased by Baht 27.31 million, or 14.75% from the

same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition

2018, due to intensified market competition on restaurant business. 2. The Company’s cost of goods sold in the 3rd quarter of 2019 was Baht 163.54 million, decreased by Baht 9.35 million, or 5% from the

market competition on restaurant business and result of decreasing in number of branchs. 2. The Company’s cost of goods sold in the year of 2019 was Baht 654.40 million, decreased by Baht 59.48 million, or