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

and Front-End Fee 41.31 2.84 Page 7 Asset and Capital Transaction Initial Cost (Baht million) Initial Cost (percent) 6. Start-up Expense 54.03 3.71 7. Working Capital 41.40 2.84 Total Expenses of the

. Start-up Expense 54.03 3.71 7. Working Capital 41.40 2.84 Total Expenses of the Project Investment 1,456.31 100.00 6. The Basis of the Value of Consideration Paid The Company will enter into the assets

to repay the debt within the specified time and to be able to reduce the burden of increasing interest that occurs from the debt burden. Furthermore, the Company may use the proceeds as the working