G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Unit: million Baht Year 2018 Year 2017 Pe rf or m an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447

Baht 0.40 and 0.83 respectively. The decreased loss is due to the major transactions as follow: 1. The increase of net earned premium in this quarter compared to the same period of last year in the

revenue from sale for Q1/2018 ended March 31, 2018 of Baht 81.01 million, compare with the same period of previous year amount to Baht 73.98 million which increase Baht 7.02 million or 9.49%, which main

to clarify the significant reasons for the increase in profits for the third quarter and the nine month period of 2018 compared to the same period of the previous year, as follows: The third quarter of

31 st March, 2018 which was reviewed by authorized Auditor with the details as follows: The total revenues of the Company and its Subsidiaries in the Quarter 1/2018 was 165.55 million Baht, an increase

had attempted several times to collect the installment as RF Vision defaulted in the due payment at the 1 st , 2 nd installment and cheque has been bounced and intention to repay is now become uncertain

performance are as follows: Sales Revenue Sales revenue for Q2/2017 of 269.33 million baht shows an increase of 99.98 million baht or 59.04% y-o-y. Cost of sales of 172.40 million baht shows an increase of

to the same period of previous year which a net loss of Baht 5.43 million, the loss increase Baht 7.45 million or increase by 137.09% , the main reasons are as follow 1. Revenue from sale , Other

rf or m an ce Revenues 2,752 3,928 Gross Profit (Loss) (83) 123 Net Profit (Loss) (179) (72) H R C HRC Sales (k tons) 184 197 HRC Production Volume (k tons) 170 204 HRC Average Selling Price (THB./ton

the parent) of Baht 258 million and earnings per share of Baht 0.13 for 1Q2018, an increase of 14% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 226