growth stemming from the increase in consumer confidence from the improvement in both farm income and non-farm income. In the equity market, the average daily turnover (SET and mai) declined by 20.7% from

1,223 Unit : million Baht 30-Sep-18 31-Dec-17 Total Assets 30,469 32,172 Total Liabilities 19,347 19,781 Total Equity 11,122 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

2,778 +10% Authorized share capital 140 140 - Issued and fully paid-up share capital 140 140 - Share premium 6 6 -0.0% Retained earnings 1,276 1,270 +0.5% Other components of equity 196 196 -0% Deduct

9M-2020 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Sales of electricity - FiT 611.5 635.3 668.2 5.2% 9.3% 1,806.3 1,926.6 6.7% FiT Premium 43.0 37.4 35.8 (4.3%) (16.7%) 127.1 116.8 (8.1

liabilities 12,750 13,139 (3)% Other liabilities 3,663 3,887 (6)% Total liabilities 158,955 163,372 (3)% Shareholder's equity Share capital 5,412 5,245 3% Share premium 51,830 44,848 16% Retained earnings

liabilities 6,100 4,109 48% Total liabilities 242,401 227,339 7% Shareholder's equity Share capital 5,615 5,615 0% Share premium 60,331 60,331 (0)% Retained earnings & Reserves 49,540 64,018 (23)% Total equity

5,615 5,615 0% Share premium 60,331 60,331 0% Retained earnings & Reserves 54,307 64,018 (15%) Total equity attributable to shareholders 120,253 129,964 (7%) Subordinated perpetual debentures 14,874

equity Share capital 5,615 5,615 0% Share premium 60,331 60,331 0% Retained earnings & Reserves 45,835 49,540 (7)% Total equity attributable to shareholders 111,781 115,486 (3)% Subordinated perpetual

% Deferred tax liabilities 17,160 17,010 1% Other liabilities 9,570 6,100 57% Total liabilities 347,509 242,401 43% Shareholder's equity Share capital 5,615 5,615 0% Share premium 60,331 60,331 0% Retained

per share of Baht 335.29377 is reasonable since the subscription price is lower than the considered value, in which the Company will receive the expected return. The share premium will be the asset of