the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the

non-cash one-time expense, resulted from the Company’s new accounting policy of setting allowance for inventories declining value. If excluding this transaction, gross profit margin would increase from

Meeting of Shareholders No. 1/2019 To President Stock Exchange of Thailand Enclosure Information Memorandum for the Connected Transaction of G Steel Public Company Limited We, G Steel Public Company Limited

trade accounts receivable by Baht 54 million from Baht 701 million in year-end 2016 to be Baht 646 million in Q3/2017, or 7.77% decreased resulting from slowdown of sales volume. While inventory showed

selling price resulting from the global economy slowdown which was the effect of the US-China trade conflict. However, the total sales volume of Q2/2019 was increased by 6.47% compared to those of Q2/2018

temporary investments 760.39 697.77 666.92 9% 14% Trade receivables 262.78 234.46 223.10 12% 18% Inventories 24.33 18.56 23.79 31% 2% Property, Plant and Equipment 840.45 770.55 829.61 9% 1% Goodwill 87.80

assets. Recently, the hospitals have invested on ward renovation and medical equipment. Total liabilities as of 30 June 2020 decreased by 3% from end of Y2019 on back of the decrease of trade payable. The

million of Q3/2018. This was due to higher short term loan requirement during the period resulting from higher trade accounts receivable. As a result of the discussed factors, our profit for three-month

Rating Co., Ltd. (TRIS Rating), said, “The TRIS Rating will revise procedures for screening issuers of new securities to make them more stringent, with careful consideration particularly on those getting

by the increase of the current liabilities in the type of trade receivables in the amount of THB 35 million while the non- current liabilities were increased from the previous year in the amount of THB