Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

considering more expansion of F&B business. The target revenue from food and beverage business is THB1,000mn within 2023. ( * source: Press Release no. 65/2019 from Bank of Thailand, 6 November 2019

at December 31, 2018. In summary, the Company had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow organically by investing in greenfield

through franchise models • Focus on regional branch expansion throughout major cities in order to create opportunities to capture more customers • Target to expand to total of 100 branches by the end of

Management Discussion & Analysis Q3/2022 Expansion of After You Branches According to Higher Demand of Customers During Q3/2022, the Company opened a new After You dessert shop at Central Festival East Ville

1EBITDA Margin and Net Profit Margin are calculated from Total Revenue Financial Performance Management Discussion & Analysis Q1/2023 Executive Summary Significant Events Expansion of “Luggaw” and Mikka

expand its Mikka coffee shop as planned. Focus on Continuous Branch Expansion of Dessert Café According to Plan During July 2023, the Company expanded 2 more After You dessert café in Bangkok and at

shopping malls and also plans to continue expanding its Mikka coffee chain as planned. Focus on Continuous Branch Expansion of Dessert Café According to Plan In Q3/2023, the Company expanded 4 new dessert

Commart events in 2022 which were organized three times, compared to two times in 2021. (2) Branch expansion and renovation, which in 2022 the Company had opened 10 new branches located in shopping malls

Enclosure 3 1 INFORMATION MEMORANDUM ON THE CONNECTED TRANSACTIONS OF G STEEL PUBLIC COMPANY LIMITED July 14, 2017 After the SSG group, led by SSG Capital Holdings Limited (“SSG CH”) expressed its