Microsoft Word - letY17EMD&A .doc (Translation) 23rd February 2018 Subject: Management Discussion and Analysis (MD&A) of year 2017 To: Managing Director of the Stock Exchange of Thailand Business

) 12) Authorized the Managing Director to issue the Notice of Annual Ordinary General Meeting of Shareholders for the year 2018 with the agenda proposed above. 13) Fixed the Record date of the

, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2017 MANAGEMENT DISCUSSION AND

” means a person assigned by director of a juristic person to take the highest responsibility in managing such juristic person, no matter what the title is. “Custodian” means private fund custodian

juristic person to take the highest responsibility in managing such juristic person, no matter what the title is. “Custodian” means private fund custodian. “Institutional investor” means: (1) Commercial

. Clause 3 . The management company managing any mutual fund may be the liquidator of such mutual fund or may appoint other person as prescribed by the Office as the mutual fund’s liquidator only when it has

. Clause 3. The management company managing any mutual fund may be the liquidator of such mutual fund or may appoint other person as prescribed by the Office as the mutual fund’s liquidator only when it has

. Clause 3. The management company managing any mutual fund may be the liquidator of such mutual fund or may appoint other person as prescribed by the Office as the mutual fund’s liquidator only when it has

from the rising in global steel price which was the raw materials of the Company’s products. However, the Company has procedures in managing cost by efficiently planning flat production, continue

7.9% in 1Q18. And when compared to 6.9% in 4Q18, decreasing 0.2%, due to the effective in managing service and administrative expenses. Profit 1) Gross profit in 1Q19 was Bt169.29mn, decreasing 7.9