Translation August 9, 2017 Subject: Management explanation and analysis for Quarter ended 30 June 2017 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public Company Limited

Mrs. Chamaiporn Yongwongpaiboon Mrs. Chamaiporn Yongwongpaiboon, Managing Director and Accounting and Finance Director of Permsin Steel Works Public Company Limited ("PERM"), knew the

Miss Natthaporn Yongwongpaiboon Mrs. Chamaiporn Yongwongpaiboon, Managing Director and Accounting and Finance Director of Permsin Steel Works Public Company Limited ("PERM"), knew the

Miss Lalinporn Yongwongpaiboon Mrs. Chamaiporn Yongwongpaiboon, Managing Director and Accounting and Finance Director of Permsin Steel Works Public Company Limited ("PERM"), knew the inside

Mr. Permsin Yongvongpaiboon Mrs. Chamaiporn Yongwongpaiboon, Managing Director and Accounting and Finance Director of Permsin Steel Works Public Company Limited ("PERM"), knew the inside

Company Limited would like explanation about the Company’s financial performance and operation result and submit our reviewed financial statements for Quarter 3/2017 Summary of the Company’s for the period

Public Company Limited would like explanation about the Company’s financial performance and operation result and submit our reviewed financial statements for Quarter 3/2017 Summary of the Company’s for the

the same period of previous year which has loss of 47.40 Million Baht. The details are as follow: Performance Analysis (1) Revenue Total revenue for company and its subsidiaries in quarter 3-2017 equals

, Hwa Fong Rubber (Thailand) Public Company Limited, would like to notify the resolution of the Board of Directors Meeting No.5/2017, hold on September 20th, 2017 as follows: 1. Approved the minutes of

contracts on the Derivatives Exchange for 3 years from 15 December 2020; and a bar from serving as a director or executive in a securities issuing company or a securities company for 5 years from 15 December