1 G J Steel Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 Unit: million Baht 2nd Quarter 2019 2nd Quarter 2018 Pe rfo rm an ce Revenues 3,928 7,815 Sales Volume (k

Management’s Discussion and Analysis (MD&A) For Q2/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q2/2018 Unit: million Baht 2nd Quarter 2018 2nd Quarter

Management’s Discussion and Analysis (MD&A) For Q3/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2018 Unit: million Baht 3rd Quarter 2018 3rd Quarter

Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights Unit: million Baht 3 rd Quarter 2019 3 rd Quarter 2018 P er fo rm a n ce Revenues 3,803 8,666 Sales Volume (k tons) 172,117 418,365

. Highlights Unit: million Baht 1st Quarter 2020 1st Quarter 2019 P er fo rm a n ce Revenues 2,696 3,398 Sales Volume (k tons) 170 177 EBITDA (191) (87) Net Profit (Loss) (476) (432) H R C HRC Sales (k tons) 170

Chiyachantana Financial Summary Western U Company Limited Virtual Financial Statement As at 31 May 2017 Unit : Baht 2017 2016 2013 (The company started its education business) Total assets 372,529,473.72

production volume decreased, which resulted in a higher breakeven point as well as an increase in the unit production cost. In addition, the marked appreciation of the THB caused the gross profit to decrease

registration statement. If the registration statement contains any false statement or omits to state any material information which should have been disclosed, the unit holders shall be entitled to claim damages

Management’s Discussion and Analysis (MD&A) for year 2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) for year 2017 Unit: million Baht 2017

) Unit: million Baht 2017 2016 Gr ou p Group Revenues 25,705 21,684 Group EBITDA 2,306 1,555 Group Net Profit (Loss) 365 (1,048) HR C HRC Sales (k tons) 1,381 1,326 HRC Production Volume (k tons) 1,429