of the listed company Enclosure Page 4 Paid or Received Transaction Value = The highest value between purchasing price or book value = The highest value between 275.00 and 331.47 = 331.47 Total Value

= (Paid or received transaction value x 100) Total asset of the listed company Paid or Received Transaction Value = The highest value between purchasing price or book value = The highest value between

1 G J Steel Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 Unit: million Baht 2nd Quarter 2019 2nd Quarter 2018 Pe rfo rm an ce Revenues 3,928 7,815 Sales Volume (k

Paid or Received Transaction Value = The highest value between purchasing price or book value = The highest value between 550,000,000 and 242,215,769.95 = 550,000,000 Total Value of Consideration

Consideration = (Paid or received transaction value x 100) Total asset of the listed company Paid or Received Transaction Value = The highest value between purchasing price or book value = The highest value

Criteria Total Value of Consideration = (Paid or received transaction value x 100) Total asset of the listed company Paid or Received Transaction Value = The highest value between purchasing price or book

. For example, The company does not set expected sales much higher than its capabilities so that it will lead to sales manipulation. 8.3 The audit committee considers and inquires executives in accordance

89% compared to prior year which were net loss of Baht 169 million. The operating results changed over 20%, main variances due to the following reasons: 1. Revenue from sales and services increase from

Baht) Q1/2019 Q2/2019 Q3/2019 Q4/2019 FY2018 FY 2019 %YoY Total Revenues 1,439.49 1,390.26 1,317.88 1,333.65 5,614.13 5,481.27 -2.37% Cost of Sales and Services 1,251.00 1,224.50 1,206.22 1,183.94

revenue of 1,555.75 million Baht in the year 2019 which increased from last year totaling 451.33 million Baht or 39.20%. The company recorded revenue from sales and services of 1,466.63 million Baht