- 1 - AIT (VP-SEC) 005E/2019 February 26, 2019 Subject: Management's Discussion and Analysis of Operating Results for the year 2018 and Q4-2018 To: The President of the Stock Exchange of Thailand

, core inflation rose from 0.47 percent in the same period last year and 0.61 percent last quarter to 0.76 percent, reflecting a gradual recovery in domestic consumption. The average exchange rate was

) 16.18 ขาดทนุจากการจ าหน่ายเงินลงทนุในบริษทัยอ่ย - (25) 25 (100.00) Profit (loss) from Exchange Rate (1,700) (5,582) 3,882 (69.54) Profit (loss) before Finance cost and Income Tax 21,506 4,999 16,507

Ref. No. IVL 004/02/2020 26 February 2020 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of

to 220,000,000 THB). The reference ex average exchange rate before the negotiation date between NDR and CRSB which is a period between August 18, 2017 and September 12, 2017. The exchange rate is

Connected Transaction (the extend period for granted financial assistance) To: The President The Stock Exchange of Thailand G J Steel Public Company Limited (“the Company”) would like to report information on

decrease in allowance for doubtful account of Baht 3 million since the company has a better policy to collect money from customers. Furthermore, loss on exchange rate declined by Baht 7 million from prior

percent. At the same time, core inflation was 0.54 percent, down from 0.76 percent in the same quarter last year and 0.62 percent in the previous quarter. The Baht appreciated with an average exchange rate

the 3rd Quarter 2019. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from several

and administrative expenses were Baht 144 million higher than last year, due to unrealized loss on foreign currency exchange rate (amount of Baht 76 million) mainly related to the loan given to SGAH