of cost of good sold. Financial Position: Consolidated Financial Statements 1. Total Assets Statement of Financial Position December 31, 2017 December 31, 2016 Increased / (Decreased) Million Baht

Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the Separate and Consolidated Financial Statements of the year ended December 31, 2018. The details

decreasing at the amount of 4.57 million from the decrease of revenue from selling raw materials in the 1st quarter 2019. Financial Position: Consolidated Financial Statements 1. Total Assets Statement of

Committee 7. Mr. Stephen Joseph Camilleri Independent Director/ Audit Committee Enclosure Page 8 4.4 Financial Information 1) Consolidated financial statements of the Company from 2015 to 2017 and 9-month

the Audit Committee 6. Mr. Phunwarit Martmuang Independent Director/ Audit Committee 7. Mr. Stephen Joseph Camilleri Independent Director/ Audit Committee 4.4 Financial Information 1) Consolidated

Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and

1) consolidated operating loss of Baht 5 million during the first half of the year; 2) the recorded transaction of treasury shares from shareholders’ equity for financial management of 4 million

Analysis Quarter 1 Ending 31 March 2020 1. Highlights The Consolidated reported net loss for Q1 2020 was Baht 1,287 million, an increase by Baht 484 million YoY and total sale revenue of Baht 4,820 million

% Total liabilities and equity 32,293 32,615 (1%) Table 5: Condensed Consolidated Statement of Financial Position "# $ !%&!'() + 2/2560 GSteel 16 ' 5 : e '#'&!'d ! " : 2 ] 30 .. 2560 ] 31 %..2559

3 months ending on 31 March 2020 audited by the CPA 1. The Consolidated Financial Statements 1.1 Report and analysis of Business Operations Revenue Revenue from operations Revenue from operations for