Management’s Discussion and Analysis (MD&A) for year 2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2017 Unit: million Baht Year 2017 Year 2016 Pe

Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) Unit: million Baht

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2017 Unit: million Baht 3rd Quarter 2017 3rd Quarter

Management’s Discussion and Analysis (MD&A) For Q2/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q2/2018 Unit: million Baht 2nd Quarter 2018 2nd Quarter

its subsidiaries as details below: (Unit: Baht millions) For the period of three months Consolidated financial statement ended 30th June Apr 2017 - June 2017 Apr 2016 - June 2016 Change % Change Revenue

Management’s Discussion and Analysis (MD&A) For Q3/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2018 Unit: million Baht 3rd Quarter 2018 3rd Quarter

the same period of the previous year. This was due to lower sales compared to the same quarter of last year, mainly due to the fact that some special projects using galvanized steel and alumina in the

year. This is result from sale volume was increasing and the world steel price trend increasing from the same period of last year. 2. Cost of goods sold and service of Baht 2,340.92 million or 93.22 % of

to the global raw material price and the increasing competition in the stainless steel pipes , aluminum and copper. For three months For nine months Consolidated financial statement ended 31st December

2019 Revenue Major revenue of The Group mainly came from revenue from Transmission and Telecommunication Tower and revenue from sales of electricity. In 2019, The Group reported revenue from steel tower