financial position for the fourth quarter and year ended December 31, 2019 with those of 2018. This report discusses principal changes in the audited consolidated financial statements. Overall market

extraordinary general meeting on 30 August 2017 before entering the transaction. Overview of World Steel Industry According to the World Steel AssociationAs report on world crude steel production was 425.5

the members of the audit committees nor directors of the Company has different opinion from the Board of Directors’ opinion. The company hereby certified that the information of this report is accurate

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

consists of 27 operating power plants, with a total contracted capacity of 4,354 MW equity and 5 construction projects, with a total contracted capacity of 911 MW equity. 3. Report and Analysis of the

the future. 3. Management’s Message Flat Steel Product ($/T) Management’s Discussion and Analysis (MD&A) For Q3/2017 6 Overview of World Steel Industry According to the World Steel Association’s report

opinion of the Board of Directors -None- The company hereby certified that the information of this report is accurate and complete in all respects. Please be informed accordingly Sincerely Yours, -Signature

2017 Page 6 of 15 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its

and true. In this regard, if any data stated under heading No. 4, No. 5 or No. 6 has materially changed, I shall report the matter to the Office within seven days from the date of change in such data

vitae and attached documents are correct, complete and true. In this regard, if any data stated under heading No. 4, No. 5 or No. 6 has materially changed, I shall report the matter to the Office within