of 2019 was equivalent to -16.47 times whereas 3.18 time of 2018. The deficit ratio came from the decrease of equity due to loss from operation since 2018 to 2019. Shareholders’ Equity As ended

earnings - Legal Reserved 26.0 26.0 - - Retained earnings - Unappropriated 3,366.0 3,005.7 360.3 12.0 Deficit from business combination (22.9) (22.9) - - Total equity 12,353.1 11,992.8 360.3 3.0 Statement of

- - Retained earnings - Appropriated - Legal reserve 45.2 45.2 - - Retained earnings - Unappropriated 4,631.7 4,309.0 322.7 7.5 Deficit from business combination (22.9) (22.9) - - Non-controlling interests 56.6

- Treasury shares reserve 268.0 268.0 - - Retained earnings - Unappropriated 5,297.2 5,022.2 275.0 5.5 Treasury shares (268.0) (268.0) - - Deficit from business combination (22.9) (22.9) - - Non-controlling

151.9 151.9 - - - Treasury shares 268.0 268.0 - - Retained earnings - Unappropriated 6,084.3 6,339.5 255.2 4.2% Treasury shares (268.0) (268.0) - - Deficit from business combination (22.9) (22.9) - - Non

35.74 Total liabilities 209.95 219.14 226.79 Shareholders’ equity Registered 10.00 86.00 86.00 Issued and fully paid-up 10.00 86.00 86.00 Retained earnings (deficit) 34.78 50.35 76.10 Total shareholders

Total liabilities 209.95 219.14 226.79 Shareholders’ equity Registered 10.00 86.00 86.00 Issued and fully paid-up 10.00 86.00 86.00 Retained earnings (deficit) 34.78 50.35 76.10 Total shareholders’ equity

32.18 40.88 35.74 Total liabilities 209.95 219.14 226.79 Shareholders’ equity Registered 10.00 86.00 86.00 Issued and fully paid-up 10.00 86.00 86.00 Retained earnings (deficit) 34.78 50.35 76.10 Total

by 4.8% from the same period of previous year; where China alone had crude steel production for June 2017 was 73.2 million tons, as top rank of the world, increase by 5.7% compared to June 2016. The

2016. The region with most production was Asia (including China, but not including the Middle East) 876.3 million tons, an increase by 5.6% from the same period of previous year; where China alone had