Microsoft Word - Translation for MD&A.Q2_2018 1 1 TRANSLATION Safari World Public Company Limited Registration No. B.M.J. 0107537000351 Ref. No. 053/2018 August 14, 2018 Subject : The Explanation and

enhance the Company’s competitiveness and to expand the development of condominium project together with increasing of market share for the company in order to achieve its business goals and this will

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2018 G Steel Public Company Limited Page 1/12 Management Discussion and

financial status of the Company and help reduce the financial burden increasing the liquidity and cash flow of the Company. 7. Use of Proceeds from the Assets Disposal Transaction TO repay the debts, decrease

competitiveness and to expand the development of condominium project together with increasing of market share for the company in order to achieve its business goals and this will reduce risk of investing. Therefore

the Company entering into the transaction. the Company will pay Baht 150.00 million (source of fund for increasing in GS capital comes from the Company’s cash flow) and exisiting shareholders will pay

0.96 million baht or 2.56% due to increasing in operational efficiency and cost control. • The Company has no financial expenses due to having no any loans from financial institutions. Profit (Loss

1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 062/2560 11 July 2017 Subject: Notification of the Resolution of the Board of Director’s Meeting No. 8/2017 (Updated 2

Thani" has been operated as home-delivery service only. Since the beginning of 2020, the Company has started the “Organizational Transformation” project which emphasizes on increasing operational