enhancements benefitting both the top and bottom line as we expect 2020 to be a more successful year” 2. Outlook Economic growth was approximately 1.6% in Q4 2019 compared to the same period last year with

attributable to the equity holders of the Company decreased by 30.2% from THB 53mn to THB 37mn with a decline of Net profit margin of 5.4% from 19.1% in 1Q 2018. The lower-than-expected net profit’s performance

market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 2 - HRC cash

and closing restaurant business in Q3/2019.  However, company can secure bottom line with net profit 2019 increase of 12%, mainly are from o Business adjustment on rice business by focusing on mix

restaurant business in Q3/2019.  However, company can secure bottom line with net profit 2019 increase of 12%, mainly are from o Business adjustment on rice business by focusing on mix fragrance rice and

THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives

sugar tax and excise tax effective in Oct’19. “Fit Fast Firm” project deliverables in 2019 are lower raw material and packaging costs, packaging optimization, new lighter weight bottles and more

acquisition of Saraburi Quicklime and the efforts of the team to successfully integrate the business and improve its efficiency brought both top-line and bottom-line growth. The increased capacity and market

revenue, lower production costs so that the bottom line could be achieved and better than the previous year. 3. Management’s Message Management’s Discussion and Analysis (MD&A) for year 2017 4 Overview of

increase more export volume, sales revenue, lower production costs so that the bottom line could be achieved and better than the previous year. 3. Management’s Message Management’s Discussion and Analysis