recognized as an adjustment to retained earnings as at January 1,2020. The Company announced Q1/2020 Performance with Baht 699 million of Net Profit which decreased by 78.5% from Baht 3,247 million of Q1/2019

is recognized as an adjustment to retained earnings as at January 1,2020. The Company announced Q1/2020 Performance with Baht 699 million of Net Profit which decreased by 78.5% from Baht 3,247 million

results of the biddings will be announced within 2019. In case that the Company wins the bidding for the aforementioned project, the Company’s performance will expectedly inverse to positive position. In

separated sale volumes were 20% higher). 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 11 • Administrative expenses Consolidated

profit of THB 267 million in 2017, a growth of 134.0% yoy. Net profit excluding gain on the sale of Dusit Princess Korat was THB 64 million, a decrease of 44.3% yoy. Overall Performance Unit: THB mn 2017

Baht 60 million, loss decreasing from Q4/2018 that recognized net loss Baht 143 million. Greater performance resulted from efficient process improvement as well as selling and administrative expense

was 17.96 percent, with a Tier 1 capital ratio of 15.66 percent. The operating performance of the wholly-owned subsidiaries of KBank was also satisfactory in terms of quantity and quality due to the

performance in this quarter. There is a one-time profit from debt restructuring of THB 110 million. The company has an EBITDA of THB 213 million. In addition, as a result of the approved debt to equity

Discussion and Analysis (MD&A) for year 2017 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as production increase to 875,874 tons, sale volume

on Q1/2018 Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as