growth and stability of the Company. However, the target customers of the Company have encountered the problem of household debts during the past few years. The loan approval criteria of financial

condominium and housing projects, comprising the backlog of 8,000 million THB in 2019 and 1,500 million THB in 2020. Performance in 2018 and 2017 Consolidated financial statements The net profit and gross

. However, tolling quantity of Q3/2018 increased comparing with previous quarter. Consolidated cost of goods sold and cost of service amounted to Baht 8,798 million, increased by Baht 916 million or 12% QoQ

: Million Baht Consolidated Separated 1Q23 1Q24 %YoY 1Q23 1Q24 %YoY Credit card income Loan income Hire-purchase income Other income 1,951 2,534 240 734 1,898 2,475 283 851 (3%) (2%) 18% 16% 1,910 2,512 61

.) บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 G Steel Public Company Limited Page 3/12 Consolidated cost of goods sold

358,413 million baht, with the growth of 6% from the same period last year. For personal loan industry, the numbers of account of personal loan under supervision amounted to 13.7 million accounts, 6% more

million or 10.42% from 2017 because of decreased average cost of debt and bank loan repayment. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of December 31, 2018

ACO I subsequently sent a notice requested the Company to repay such debt and notified that if the Company could not send any proposal for loan settlement which is acceptable by ACO I. ACO I would take

amount of Baht 66.14 million while investment capital is at Baht 160.58 million then the goodwill is in the amount of Baht 99.44 million recorded into the consolidated financial statements in 2018. 1.2

the amount of Baht 66.14 million while investment capital is at Baht 160.58 million then the goodwill is in the amount of Baht 99.44 million recorded into the consolidated financial statements in 2018