from realized gain on exchange from payment for machine and spare parts for the under-developed projects to foreign suppliers. During the period of third quarter of 2022, Thai Baht was depreciated

-ร่าง- UNOFFICIAL TRANSLATION Codified up to No. 3 As of 22 December 2016 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

exchange rate for year 2019 and 2018 amounting to THB 216 million and THB 105 million in respectively due to the strengthening of the Thai Baht against the US Dollar. • Net gain from write-off expired legal

world market for Q1/2013 – Q3/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production Q3/2017 was at 1.70 million metric tons

(Khae Rai – Min Buri) and the MRT Yellow Line (Lat Phrao – Samrong) As the Company together with BTS Group Holding Public Company Limited (“BTS”) and Sino-Thai Engineering & Construction Public Company

. Management’s Discussion and Analysis (MD&A) for year 2017 8 Chart of hot-rolled coil reference prices on world market for Q1/2013 – Q4/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry

Q1/2013 – Q4/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production for 2017 was at 6.87 million metric tons, decreasing 13.72

since its resumption in 2013. The earning for this quarter reported a net loss of THB 451 million, mainly due to the impact of Thai baht depreciation in this quarter, which this item was unrealized loss

Company’s major export countries, e.g. Cambodia where flood caused transportation difficulty and China where some distributor had weak performance. In addition, Thai baht was stronger than currencies of the

impacted due to continued weakening of international market for flat products and increase in imports of Alloy Steel and Hot Dipped Galvanized HRC into Thailand due to strengthening of Thai Baht and removal