income tax of subsidiaries (AIPT) decreased 2.76 million baht. Financial Cost The Company and subsidiaries have no borrowing for working capital from any financial institutions. Please be informed

of increasing working capital of GJ Steel in order to increase sale and maintain continuous HRC production for local market (Separate: Baht 170 million, decreased by Baht 16 million QoQ and decreased

. This resulted from the increase of short-term loan for purpose of increasing working capital of GJ Steel in order to increase sale and maintain continuous HRC production for local market (Separate: Baht

million QoQ and increased by Baht 32 million YoY. This resulted from the increase of short-term loan for purpose of increasing working capital of GJ Steel in order to increase sale and maintain continuous

increasing working capital of GJ Steel in order to increase sale and maintain continuous HRC production for local market (Separate: Baht 682 million and 790 million, respectively, decrease by Baht 108 million

agreement for working capital purpose and preparing to get ready to produce for own sale again. For GJ Steel, production disruptions resulting from breakdown of critical gear and transformer so impact to

gradually received payments from installation and delivery of products from project sales; (3) lower available-for-sale investments for working capital; (4) decreased property, plant, and equipment from

million, consisting of (1) cash inflows from operating activities before changes in operating assets and liabilities of Baht 78 million; and (2) cash inflows from net change in working capital of Baht 78

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

from the connected person is from Loan from the Company, which is a working capital from business operation. Loan from related company will be complied with the Policies of the connected transactions