-TRANSLATION- 25 February 2020 Subject : Management Discussion and Analysis for 2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

-TRANSLATION- 11 August 2017 Subject : Management Discussion and Analysis for Q2/2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

Operation Results for the year 2016 1. Overview of operation results. For year 2016, the Company and its subsidiaries had revenue from sales and services in amount of Baht 1,074.78 million which increased

-TRANSLATION- 14 November 2017 Subject : Management Discussion and Analysis for Q3/2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance

economy of scale which will improve profitability of the company in the future. Overview of World Steel Industry According to the World Steel Association’s report on world crude steel production was 428.2

business. Business Overview In 2017, the Company and subsidiary has used its best effort to enter the construction bidding process as much as it is capable to do so. The Company prioritize its construction

restructured from short-term debts into long-term loan 5 years, resulted in better financial ratios i.e. Debt to Equity Ratio (D/E Ratio) at 0.39 and Current Ratio at 1.18 which were better than year 2016

-TRANSLATION- 28 February 2018 Subject : Management Discussion and Analysis for 2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

conversion and some portion has been restructured from short-term debts into long-term loan 5 years, resulted in better financial ratios i.e. Debt to Equity Ratio (D/E Ratio) at 0.39 and Current Ratio at 1.18

ended December 31, 2018 as follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 2,494.31 million, increasing from the