2016 due to the government has realized the importance and necessity in integrating the information technology to the economic and social sectors by placing certain policies as a stimulus; for instance

placing a great emphasis on effective revenue generation and efficient cost management. CPN currently manages 30 shopping malls with the net leasable area (NLA) of approximately 1.6 mn sqm. In 3Q17, the

city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution, production and

Baht comparing to December 31, 2017. The details are as follows: Unit: Million Baht Net cash received from operating activities 2,207 Net cash received from investing activities 33,260 Net cash payment

by THB 84.35 million from the same period last year. For the three-month period ended March 31, 2018, the Company and its subsidiaries used net cash in its investing activities in amount of THB 305.11

for acquiring additional stakes in Multi Sign, investing in Trans.Ad Group, VGM and Gold Star Group Company Limited (“GSG”). October • Incorporated a subsidiary company in Singapore namely VGI MACO

respectively. (Unit: Baht million) Consolidated cash flows statement As at 31st Dec 2018 As at 31st Dec 2017 Net cash from (used in) operating activities 84.00 283.00 Net cash used in investing activities

(used in) Investing Activities (139.97) (91.53) Cash Flows from (used in) Financing Activities (369.59) (724.51) Unrealized exchange gain (loss) of cash and cash equivalents (0.62) (3.18) Cash Increase

tax paid and cash used for dividends. Year on year operating cashflow has increased due to the higher revenue but was offset somewhat by higher fuel prices. Net cash flows from investing activities

Company Limited Management Discussion and Analysis Year Ending 31 December 2019 G J Steel Public Company Limited Page 8/14 Unit : Million Baht Jan - Dec 2019 Cash flows from investing activities Interest