three directors jointly sign with the company’s seal affixed.” 2 3. Approval for the entry into the connected transaction with Nation Multimedia Group Public Company Limited (“NMG”), its controlling

production cost that charge to GJ Steel under the tolling service agreement, GJ Steel provided main raw material, scrap, for the company’s production. Unit : million Baht Q 1/2018 Q 1/2017 Group Revenues 8,148

the production cost that charge to GJ Steel under the tolling service agreement, GJ Steel provided main raw material, scrap, for the company’s production. Unit : million Baht Q 2/2018 Q 2/2017 Group

2,718 million, resulted from tolling service for GJ Steel. GJ Steel has provided raw material so tolling fee exclude raw material cost. Unit : million Baht Q 3/2018 Q 3/2017 Group Revenues 8,678 7,109

production volume in January and Unit : million Baht Q 1/2019 Q 1/2018 Group Revenues 3,398 8,148 Group EBITDA (85) 1,223 Group Net Profit (Loss) (803) 495 HRC Sales (k tons) 177 389 HRC Production Volume (k

increase of cost from raw material handling by the Company itself after terminate contract with Unit : million Baht Q 2/2019 Q 2/2018 Group Revenues 5,192 7,815 Group EBITDA 640 555 Group Net Profit (Loss

margin fell to 1.7% (1Q 2019; 9.0%) • Reported net loss of THB 807mn (down 238% YoY), from the aforementioned lower EBITDA as well as higher share of loss from joint ventures and higher depreciation and

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 6 months ended June 2018, East Water Group had total consolidated sales and services income of 2,093.08 million Baht, decreased by 155.99 million Baht

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and subsidiaries