cash flows of the Company by selling to Ocean Fitting Co., Ltd., a connected person of the Company. Ocean Fitting Co., Ltd. won the bidding at the price of THB 78,000,000 (Seventy-eight million baht

transfer to UE by (a) issuing 70,064,516,130 newly issued preferred shares1, with a par value of Baht 1 per share, at an offering price of Baht 0.031 per share, and 35,032,258,065 units of warrants to

(Baht/kWh) 2.06 n/a 3.45 n/a 67% Key cost drivers Natural gas consumption (‘000 MMBTU) 6,264 34 1,420 n/a (77%) Average price of natural gas (Baht/MMBTU) 241 n/a 362 n/a 50% Management Discussion

consideration 3. Approved the appropriate price range of the value of assets disposal according to opinion of an Independent Financial Advisor in a total of 1,636.50 - 1,684.50 million baht and set criteria for

Company in which the Company holds 100 percent of its shares, which is equivalent to 49 percent of the total shares of One Thonglor, at the offering price totaling THB 177,121,770. In this regard, the said

Price (THB./ton) 20,942 18,695 HRC Cash Margin (THB./Ton) 1,937 3,327 Unit: million Baht 31 March 2018 31 December 2017 Fin an cia l St at us Total Liabilities 5,789 5,492 Total Asset 20,209 19,546 Total

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2018 G Steel Public Company Limited Page 1/12 Management Discussion and

consultancy services regarding waste management engineering (“Entire Business Transfer Plan”). Therefore, the Company shall purchase and accept a transfer of SUTGH’s entire business, which are all assets and

services regarding waste management engineering (“Entire Business Transfer Plan”). Therefore, the Company shall purchase and accept a transfer of SUTGH’s entire business, which are all assets and debts

Hello LED, at a purchase price of THB 3,900 per share, totaling THB 1,950,000,000 (the “Hello LED Shares Acquisition Transaction”). In this regard, after the Board of Directors’ Meeting approved the