of the transaction: Vanachai Panel Industries Co., Ltd. warehouses for one year from 1 June 2018 till 31 May 2019. The space as the place to stock the finished goods. The detail are follows: 3.1 Area

general characteristics of the transaction: Vanachai Panel Industries Company Limited warehouses for one year from 1 June 2020 till 31 May 2021. The space as the place to stock the finished goods. The

2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

Company have neither ability to manage finished goods (HRC) nor trade negotiation. Due to the Company had no choice but necessary to sell them just for generating income circulating used in the business

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

capital increase is finished, the Company will inform accordingly. Transaction size calculation The calculation of the transaction value is based on the financial information set out in the consolidated

million, mainly caused by increased of finished goods Baht 330.4 million, work in process Baht 14.7 million, raw materials Baht 53.7 million, supplies Baht 38.7 million, and decreased of goods in transit

finished goods Baht 318.0 million, raw materials Baht 66.2 million, supplies Baht 0.3 million, goods in transit Baht 33.8 million and increased of work in process 47.4 million. -2- 5. Maintenance supplies

million. 4. Inventories increased Baht 291.3 million, mainly caused by increased of finished goods Baht 249.0 million, raw materials Baht 82.8 million, decreased of work in process Baht 6.9 million

renovation since 4Q16 and is expected to be finished in 2Q18. The occupancy rate at the end of 2Q17 was 91%. 2) CentralFestival Phuket continues its renovation and strengthens the shopping mall’s positioning