from the connected person is from Loan from the Company, which is a working capital from business operation. Loan from related company will be complied with the Policies of the connected transactions

fund Source of funds for land purchase from the connected person is from Loan from the Company, which is a working capital from business operation. Loan from related company will be complied with the

cash. Tax, fees, and other expenses relating to the transferring of land, sellers will pay. 7. Source of fund Loan from the Company, which is a working capital from business operation. Loan from related

received from this disposing of Subsidiary’s ordinary shares, the Company will use as working capital. 10. Conditions for the entering into the transaction This entering into the transaction is considered as

of 2017, the Company had a short-term loan for purpose of increasing working capital. 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) For Q1/2018 11

ratio of Domestic: Export was 71:29, compared with 58:42 in Q4/2016.  Export branded sales continued to grow outstandingly by c.30% YoY, since the Company has been working closely with its distributors

% from year ended 2018 mainly due to receipts from Non revolving working capital facilities and Rights Offering at the subsidiary Company. Management Discussion and Analysis Quarter 3 Ending 30 September

to resolve the long time overdue debts and seeking sufficient working capital in order to support the business operation. - The facility of Company is considered as the state-of-art steel mill and the

growth. The Company therefore need to resolve the long time overdue debts and seeking sufficient working capital in order to support the business operation. - The facility of Company is considered as the

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and