., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 021/2563 February 27, 2020 Subject: Clarification of the Operating Result for the significant change Attention
December 2019 To: Managing Director of the Stock Exchange of Thailand Business Overview In 2019, the impact of trade war between the United States and China, together with the global economic slowdown caused
31 December 2018 (Audited) (Restated) % Change Cash and cash equivalents 127 122 +4% Trade receivables 891 705 +26% Inventories 676 897 -25% Other current assets 121 173 -30% Total current assets 1,814
market therefore, their sales has no affect to a significant change to the total sales in this quarter. As for the nine month-period ended September 30, 2019 the Company and its subsidiary still has a
account of: 1. Trade accounts payable decreased by THB 1,700 million. 2. Short-term loan from related parties decreased by THB 1,239 million. 3. Other payables and accrued expenses decreased by THB 379
export sector has expanded well from the economic recovery of trade relevant countries. Beside, company and its subsidiaries recorded the profit sharing to non-controlling interest in a subsidiary by Baht
activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various
Analysis (MD&A) For Q1/2018 8 Table: The production and the domestic demand of Finished Steel in Q1 2017 and 2018 Total Apparent Finished Steel (Unit : Tons) Quarter 1/2017 Quarter 1/2018 % Change Production
) Jan - Jun 2017 Jan - Jun 2018 % Change Production 3,477,634 3,463,421 -0.41% Import 5,732,968 5,992,031 4.52% Export 805,068 886,217 10.08% Consumption 8,405,535 8,569,235 1.95% Source : Iron and Steel
to find new export market and also expedite the new products in order to serve the new market segments i.e. Gas cylinder. Though the HRC price is soften in ASEAN of which affected from Trade War