345 38% 1,548 1,252 24% Packaging 51 55 39 32% 207 145 42% Integrated Oxides and Derivatives 126 103 120 5% 392 536 (27%) Specialty Chemicals 192 156 174 10% 705 603 17% Operating rate (%) 86% 87% 87

- (208) -100% Unrealized loss (gain) on exchange rate (667,404) (131,120) 80% Loss (gain) on adjustment in value of securities 4,920 (853) 117% Gain from compromise debt (86,334) - 100% Gain from decreased

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the year ended 31 December 2018 (Unit: Thousand Baht) 2018 2017 Increased/ (Decreased) Occupancy rate (%) 48.1

corresponding period last year, or 36.62% increased, which was better than the average growth rate of industry. These are because of our correct expanding strategy that emphasized on real demand segment, and

subsidiaries’ total earnings amounted to 800 million Baht, consisting of contract revenue 779 million Baht, interest 11 million Baht, profit from rate of exchange 8 million Baht and others income 2 million Baht

will obtain the loan amount 50,000,000 Baht (Fifty Million Baht) without collateral or guarantee for a term of repayment not exceeding 2 months from the transaction date with interest rate at 4.83% per

acquisition of Outrigger hotels and gain on exchange rate. Significant Events 1. Development of EYSE 43 - On August 22, 2018, the Company entered into JV Agreement in partnership collaboration with Daiwa House

for the principal repayment period no longer than six months at the interest rate of 12.5 percent per year. The GJS Board of Directors approved the loan proposal on 16 March 2017. The GJS Board

to deliver fewer rate hikes than last year, even though the policy rate will continue to rise incrementally in 2019. At the same time, the European Central Bank and the Bank of Japan may keep their

relation to the additional development of department stores with the details as follows: Amount of Loan 150,000,000.- Baht. Term of Loan 1 year. Interest Rate Interest rate of the loan of PF to the