Chain Hospital Public Company Limited Analysis of the consolidated cash flow statement Cash flow Statement (Unit : Million Baht) For the period ended 30 June 2020 2019 Cash flow from operating activities

. Liquidity Cash Flow Activity In 2017, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 2,455.73 million, increased by THB 367.21 million from 2016; resulted

Public Company Limited Management Discussion and Analysis for the Year 2018 Page 8 of 14 Liquidity Cash Flow Activity In 2018, the Company and its subsidiaries generated cash flows from operating

value as at December 31, 2019 was THB 10. 86 per share, slightly increased from THB 10.15 per share in 2018. Liquidity Cash Flow Activity In 2019, the Company and its subsidiaries generated cash flows

2019 G Steel Public Company Limited Page 4/20 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Cash Flow • Net cash flows used in operating activities Baht 468 million • Net cash flows used

disclosed to the SET. Enclosure Page 5 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and requires cash flow for debt

requires cash flow for debt repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the

to produce newspapers or other publications. In the event that the Company is able to complete all assets disposal transactions, the Company will have more cash flow as if were a cash company, but that

of Thailand 1. Analysis of Operating Results and Financial Position for the Company and its subsidiary 1.1 Analysis of Operating Results for the Company and its subsidiary for the 3-month period ended

of this transaction. Criteria: Net tangible Asset Financial Source for the Financial Support The financial support from the Company to GSTEL comes from excess internal cash flow from operation of the