and or Executive Committee to proceed and complete the sales of ordinary shares and claim payment of the company’s loans. Please be informed accordingly. Sincerely Yours, (Mr. Ekawat Swetarat) Acing

and or Executive Committee to proceed and complete the sales of ordinary shares and claim payment of the company’s loans. Page 3 of 3 Please be informed accordingly. Sincerely Yours, (Mr. Ekawat

in first quarter of 2019 was Baht 175 million, a decrease of 2 percent compared to the first quarter of the previous year, mainly from a decrease in the Company’s sales agent fees from sale of

2,265.85 Sales Revenues 0.00 0.00 0.00 0.00 0.00 Other Income 1.76 1.09 2.59 10.52 (0.83) (32.05) Total Income 161.70 100.00 24.63 100.00 137.07 556.52 Cost of Construction 167.08 103.33 17.54 71.21 149.54

million baht or 6.5 percent compared with Q1/2018. The cost of good was 71.9 percent. (3) Gains on sales of investment properties For Q1/2019, the company had not gains on sale of investment properties

1 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q1/2019 Unit: million Baht 1st Quarter 2019 1st Quarter 2018 Pe rfo rm an ce Revenues 3,398 8,117 Sales Volume (k tons) 177 388

) (223) (1,401) HRC Sales (k tons) 260 377 HRC Production Volume (k tons) 306 363 HRC Average Selling Price (Bht/Ton) 19,940 20,709 Unit : million Baht 30-Jun-19 31-Dec-18 Total Assets 29,683 30,632 Total

! Sales Revenues 0.00 0.00 0.00 0.00 0.00 Other Income 0.97 1.89 1.43 3.86 (0.46) (32.17) Total Income 51.27 100.00 37.00 100.00 14.27 38.57 Cost of Construction 33.88 66.08 31.41 84.89 2.47 7.86 Cost of

increased by Baht 6.67 million or equivalent to 75.08%) and from other revenues : interest income, gain on sales of assets, rental and relative service income, training income and tour guide income increased

building awaiting development was 21.9 million baht and Proceeds from sales of investment properties was 17.0 million baht. (4.3) Cash Flows from Financing Activities Net cash provide financing activities