) 883 1,848 Unit : million Baht 31-Dec-18 31-Dec-17 Total Assets 30,632 32,172 Total Liabilities 20,532 19,781 Total Equity 10,101 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme Market price means the weighted average price of the Company’s ordinary shares traded on the SET for 7 consecutive

(Days) Trade Receivable Period 75 70 Inventory Period ** 31 37 Trade Payable Period 51 49 Leverage Ratios (x) Interest Coverage 88.8 20.1 Debt Service Coverage 23.0 3.1 Total Debt to Equity 0.3 0.5

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 008/2020/EN 14 May 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 31 March 2020 To: The President of the

addition, the Company has expanding more cashing service channels providing more convenience to customers and this also saved the Company’s operation cost. AEON members can utilize the revolving loans

โทรสาร (043) 236-835 456 Moo 14 Mittraparp Rd. Muang Khon Kaen Thailand 40000 Tel. (043) 333-555 Fax. (043) 236-835 Ratchaphruek Hospital No. RPH-SET 9/2019 August 3, 2019 Subject : Management Discussion

debt to equity conversion scheme whose details are as set out in the Debt to Equity Conversion Scheme (Enclosure 1) (the “Issuance and Offering of Newly Issued Ordinary Shares to Mr. Chanet”); and 1.2

undertake the following actions: (1) disclose information on the class 2 transaction to the Stock Exchange of Thailand (the “SET”) pursuant to the Acquisition and Disposition Notifications; and (2) notify the

Property depreciation Rental and service fees Therefore, the return on assets and the return on equity of the group of companies is not good compared to the previous year. 6.3 Financial policy ratios The

increase from the end of last year and will continue to grow. As a result, commercial banks will have to set aside substantial provisions to accommodate the uncertainties caused by the Covid-19 pandemic. The