manage production of the Company, the Company can generate cash margin by Baht 1,223 per ton for the 3rd quarter in 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 2 In this quarter, the

Microsoft Word - ELCID Encl. 4_GST - IM for RO and PP (EN) v11 (03082017)_clean Enclosure 4 1 INFORMATION MEMORANDUM ON THE OFFERING OF THE NEWLY ISSUED ORDINARY SHARES OF G STEEL PUBLIC COMPANY

30, 2020, the Company recognized lease liabilities and intangible assets – computer software Baht 28 million, due to the recognition of lease liability upon initial application of TFRS16 Leases at

Significant Event Operating Highlights in Q1/2024 Q1/23 Q1/24 Change +/(-) (THB million) %YoY Operating Revenue 264 340 29% Gross Profit 168 226 35% EBITDA 80 113 41% Net Profit (Loss) for the Company 34 54 59

Profit 223 280 26% 583 756 30% EBITDA 111 148 33% 288 396 38% Net Profit (Loss) for the Company 54 83 54% 131 210 60% Gross Profit Margin (%) 66.0% 65.4% (0.6%) 64.8% 66.1% 1.3% EBITDA Margin1 (%) 32.6

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 20 February 2018 Re: To clarify the financial statements as of 31 December 2017 To: President The Stock Exchange of Thailand WHA Corporation Public Company

selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate cash margin by Baht

12,391 10,868 Average selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate

No. CAZ 015-2019 13 August 2019 Subject: Management Discussion and Analysis 2nd Quarter ended 30 June 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

Exchange of Thailand CAZ (Thailand) Public Company Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the second quarter ended 30 September 2019