Management’s Discussion and Analysis (MD&A) For Q3/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2018 Unit: million Baht 3rd Quarter 2018 3rd Quarter

the increase in sales revenue, as well as the decrease in cost per unit from the increased production volume (Economy of scale). • Gross Profit margin in Q1/2024 was 66.5%, increased from 63.6% in Q1

Performance for the 3 months period ended March 31, 2019 as follows: Unit : Million Baht March 31, 2019 March 31, 2018 Increase (Decrease) Amount % Amount % Amount % Revenues from dental service 116.54 95.75

ended 31, 2019 as follows: Unit : Million Baht 2019 2018 Increase (Decrease) Amount % Amount % Amount % Revenues from dental service 506.33 93.63 456.03 96.61 50.29 11.03 Other main revenues 34.42 6.37

be a potential market in the future. For Medical Devices; There is still intense competition in both domestic and foreign markets. Market leaders use price strategies to gain market share. But the

Company has been awarded ISO 13485, the Quality Management System for Medical Device Industry which is an important tool for competition and maintaining the product’s market share), the Company can maintain

production volume decreased, which resulted in a higher breakeven point as well as an increase in the unit production cost. In addition, the marked appreciation of the THB caused the gross profit to decrease

, Thailand Equity fund Mixed fund Alternative investment fund Country concentration**Foreign investment asset class (TB) **Based on foreign direct investment (unit trust not included) Foreign investment of

whether they are in accordance with the advertising and associated rules as well as be approved by CEO before publication. After publication, company’s compliance unit must monitor and examine all

:      (1) Extention of the maturity dates for the redemption of both bond issues for another year;       (2) Partial payment of the principal by reducing the par value per unit at a total rate of no less