percent owing to seasonality. Given our funding cost management appropriate for the prevailing risk in a fragile business environment, KBank maintained key financial ratios at levels consistent with our

and environment – under good corporate governance, appropriate risk management and effective cost management. Prioritizing the development of technological solutions with the aim of becoming “Customers

/ Audit Committee 14 Mr. Sompong Sungrungsan Independent Director / Audit Committee 15 Mr. Nipon Poapongsakorn Independent Director Top 10 Major Shareholders of SPI as of 31 December 2018 Top 10 Major

, with a manufacturing capacity of 50 tons per day. In this connection, the Company will have Environment Pulp and Packaging Co., Ltd., which is a subsidiary of the Company, act as the project company, the

well as regulatory burden. This would lead to more efficiency and clarity. We have also committed ourselves to promote best practices of environment, social and good governance as well as human rights in

by 4.8% from the same period of previous year; where China alone had crude steel production for June 2017 was 73.2 million tons, as top rank of the world, increase by 5.7% compared to June 2016. The

crude steel production for September 2017 was 71.8 million tons, as top rank of 4. Industry Overview and Outlook Flat Steel Product ($/T) Management’s Discussion and Analysis (MD&A) For Q3/2017 4 the

most production in 2017 was Asia (including China, but not including the Middle East) 1,162.5 million tons; where China alone had crude steel production for 2017 was 831.7 million tons, as top rank of

million tons, as top rank of the world, increase by 5.7% compared to 2016. The second and Third most producing countries were Japan with 104.7 million tons and India with 101.4 million tons respectively. 4

crude steel production for 2018 was 928.3 million tons, as top rank of the world, increase by 6.6% compared to 2017. The second and Third most producing countries were India with 106.5 million tons and