Baht (Gradually) Interest Rate : 9.00% per annum Term of Loan : 12 months Payment of Interest : Every Month 2 Payment of Principal : According to the release of the mortgage on rate 90% of the sales

of the construction and permit GWM, which began production and sales of dialysis in late July 2016 and has a better income respectively. 5. SSK Inter Logistics Co., Ltd. from January 1, 2017 to August

remaining projects’ gross profit margin still meet the Company’s expectation. Other Revenues is Baht 14.70 million, consists of incomes from the sales of construction waste in the amount of Baht 4.24 million

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