of loss on exchange rate of THB 26.27 million due to the fact that the Thai Baht value appreciated against US Dollar and the Company had the foreign trade receivables about USD 21.31 million. Financial

funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the

portion of trade debts into equity and gain form exchange rate which those non-cash revenues were high at Baht 1,045 million while this year the company has such non-cash gain only Baht 225 million. From

becomes bankrupt. However, the case has currently been considered by the Central Bankruptcy Court and the progress will be announced and informed through the Stock Exchange of Thailand on due course. In

Stock Exchange of Thailand on due course. In terms of the production in 2018, the Company still continues its operation and produces Hot Rolled Coils. Further, the Company is in the process of obtaining

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; (amended) 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the

Exchange of Thailand Enclosure: 1) Information Memorandum on Assets Acquisition of Master Ad Public Company Limited; 2) Capital Increase Report Form (F53-4); 3) Information Memorandum on the Issuance and

Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Calling the Extraordinary General Meeting of Shareholders No. 2/2019 To The President The Stock Exchange of

Management Overall, movements in foreign exchange continued to see the Thai Baht strengthen in the third quarter of 2019 compared to the preceding quarter. The creeping trade protectionism adopted by the US