Selling Price (THB./ton) 20,702 17,403 HRC Cash Margin (THB./Ton) 891 1,033 Unit: million Baht 30 June 2018 31 December 2017 Fin an cia l St at us Total Liabilities 5,774 5,492 Total Asset 19,743 19,546

EBITDA 50 41 Net Profit (Loss) (433) (311) H R C HRC Sales (k tons) 172,117 418,365 HRC Production Volume (k tons) 178,506 417,825 HRC Average Selling Price (THB./ton) 17,915 20,109 HRC Cash Margin (THB

, Thakham, Bangkhuntien, Bangkok 10150 Tel. (66) (2)453-6277 Fax. (66) (2)453-6288 The Company had selling and administrative and other expenses amount of 30.48 million Baht, decreased from the same period of

Road, Thakham, Bangkhuntien, Bangkok 10150 Tel. (66) (2)453-6277 Fax. (66) (2)453-6288 The Company had selling and administrative and other expenses amount of 62.71 million Baht, decreased from the same

selling. As a result, the number of projects will increase from year 2022 and the overall gross profit margin of year 2023 decrease slightly. This is because the number of projects in the market is quite

: Calculation Bases Calculation Formula 1. Net Tangible Assets (NTA) = (Sum of percentage of shares to be acquired x Net value of the assets of the selling company) x 100 / Net asset value of the buying company

Formula 1. Net Tangible Assets (NTA) = (Sum of percentage of shares to be acquired x Net Asset Value of the selling company) x 100 / Net Asset Value of the buying company 2. Net Profit from the ordinary

(5%) 5% 8,405 11,014 30% Selling and administrative expenses (606) (418) (437) (28%) 4% (975) (855) (12%) Other operating income 3 5 5 84% 0% 5 10 87% EBITDA 5,324 4,951 5,218 (2%) 5% 7,436 10,169 37

HRC Average Selling Price (Bht./Ton) 18,108 15,709 HRC Cash Margin (Bht./Ton) 1,223 1,334 Unit: million Baht 3rd Quarter 2017 Year-end 2016 Fin an ce S ta tu s Total Assets 31,907 32,615 Total

purpose of further selling and distributing to our target consumers all over several key provinces in the People’s Republic of China under the active marketing policy of the trade partner. - Translation