considered to be in breached of the joint venture agreement and the Company has therefore exercised its right under the agreement to notify the termination of Saraburi’s responsibilities in the NWR-SBCC Joint

the Year ending 31 December 2019 To The President The Stock Exchange of Thailand We, ZEN Corporation Group Public Company Limited (“the Group”), are pleased to provide you our management discussion and

1 G J Steel Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 Unit: million Baht 2nd Quarter 2019 2nd Quarter 2018 Pe rfo rm an ce Revenues 3,928 7,815 Sales Volume (k

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 G Steel Public Company Limited Page 1/12 Management Discussion and

statement for year ending December 31, 2019 (1 January – 31 December) for the company and its subsidiaries, detailed as following; Results 2019 Audited Million Baht 2018 Audited Million Baht Increase

respond customers’ demands. Compared to the previous year, quick ratio increased from 3.46 to 3.90 times and inventory turnover increased from 15.89 to 17.83 times due to the increase of ending inventory in

. Chart of world crude steel production monthly, ending 31 March 2019 Source: World Steel Association Remarks: 1. For antitrust reasons, worldsteel no longer produces a monthly global capacity utilisation

February 2019 (iii) additional 68 keys from 3 hotels that were completely renovated in 2019. This addition of the hotel keys was offset by the termination of management contract of Vienna House Drovak

lower from last year quarter by THB 15 million. This is due to the reduction in consultant service expenses as follows: 1) Termination of the business advisory and review agreement with the foreign

termination effective by ended January 2019. The Company cease recognized revenue from this business segment since then. Trading of consumer products segment This business segment commenced operate by the