quarter. Meanwhile, Thai and US interest rates dropped at the beginning and the middle of the quarter. Short-term bond yields fell in line with the reduction of the policy rate, whereas the long-term bond

to resolve the long time overdue debts and seeking sufficient working capital in order to support the business operation. - The facility of Company is considered as the state-of-art steel mill and the

growth. The Company therefore need to resolve the long time overdue debts and seeking sufficient working capital in order to support the business operation. - The facility of Company is considered as the

purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20

the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic

enhancement programs to increase the value of existing shopping malls, customers, tenants and societies, and create long-term returns. In 2017, CPN engaged in the following asset enhancement initiatives

standard of its shopping malls that offer dynamic experiences towards customers with different lifestyles, both local and foreign tourists. Furthermore, CPN studied the opportunities to expand its business

Initiatives to increase the value of existing shopping malls, customers, tenants and societies, and create long-term returns. In 2018, CPN progressed with the following asset enhancement initiatives. • Major

. Non-current liabilities increased Baht 1,153 million derived from: • Long-term loan from related party increased by Baht 838 million due to receipt from Long Term Loan Agreement with Link Capital I

Limited Management Discussion and Analysis Yearly ending 31 December 2019 G Steel Public Company Limited Page 5/5 Non-current liabilities increased Baht 2,094 million derived from:  Long-term loan from