shut down early to February due to the slowdown of the market. Hence, there Q1/19 production will be low comparing to other quarter. Executive Summary The company's operating results in the year 2018 has

million, increased Baht 99 million or 17% from year ended 2017 since the Company and subsidiary has  Net cash flows provided by operating activities Baht 878 million บริษัท จี สตีล จ ำกัด (มหำชน) G Steel

Securities and Exchange Commission Lohakit Metal Plc. (the “Company”) would like to notify the financial status and operating performance for the period of three months ended 30th June 2019 of the Company and

& ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2017/18 1Q 2018/19 2Q 2018/19 QoQ (%) YoY (%) Operating revenue 978 1,077 1,208 12.2% 23.5% Cost of sales 387 392 537 37.1% 38.7% Gross profit 591 685 670 -2.1

Operating EBITDA of THB 50 Million during the current Quarter compared to THB 41 Million Last Year Quarter. The Company has recorded a net loss of THB 433 Million for the Quarter against a net loss of THB 311

% -26.5% Remark: (1) Calculated based on total revenue from sales of food and beverages per total operating days of the same branch In the 1st quarter of 2019 and 2020, franchise fee income increased from

period of previous year. The total revenue of each operating segments for the three-month period ended 31 March 2020 of the Company and its subsidiaries had changed from the previous period of last year as

revenue from sales of food and beverages per total operating days of the same branch In the 2nd quarter of 2019 and 2020, franchise fee income decreased from THB 17.3 Mn to THB 13.6 Mn respectively, a

Companies Licensing Business Operation Rules Fees Related Circular Letter Licensing/Ministerial Regulation Activities not deem to be classified as operating securities business Business Operation Rules

negative, therefore, cannot calculate the value of this investment payment transaction according to the net tangible asset (NTA) criteria. 2 / The Company has a net loss in the operating period for the six