exchange rate for 1st Quarter 2019 and 2018 amounted to THB 99 million and THB 158 million in respectively. 4. Performance of the Company and its Subsidiaries 10 G J Steel Public Limited Management’s

Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2018 G Steel Public Company Limited Page 2/12 Performance Revenue from sale and cost of sale Q1/2018, The Company and

Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2018 G Steel Public Company Limited Page 2/14 Performance Revenue from sale and cost of sale Q2/2018, The Company

Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2018 G Steel Public Company Limited Page 2/14 Performance Revenue from sale and cost of sale Q3/2018, The Company and

in sale quantity and production cost. Performance Revenue from sale and cost of sale The Company and subsidiary recorded a sales volume of 1,449,290 tons for the year 2018, increased by 66,524 tons

decrease of production together with Graphite Electrode’s price which part of conversion cost higher than same period of last year. Performance Revenue from sale and cost of sale Total revenue from sales and

Anti- Dumping and Countervailing of Foreign Products Act, we are expecting improvement in the sentiments from Q4 onwards. Performance Revenue from sale and cost of sale Total revenue from sales of the

investment which is non-cash transaction. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,521 Million, representing an increase from the same quarter of

from other international sales revenue. In addition, the Company and its subsidiaries will continually focus on the performance recovery by strict cost control and cost reduction, ramping up asset

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