the increase in total production cost, the company and subsidiary still could generate the Cash Margin which indicate that the Company was well in operation management. Net gain on foreign exchange rate

subsidiary was temporary shutdown in Q1/2019. The company shutdown from February to April after GJ Steel terminate service tolling agreement on 31 January 19 because the company waiting for sign new loan

forward on its Balance Sheet Strengthening Strategy and achieved a major milestone during the quarter by successfully issuing Rights Offering for THB 1,503 Million to its shareholders, which was

decreased which resulted from net gain on foreign exchange. In Q2/2019, the Company and subsidiary posted net gain from foreign exchange Baht 434 million while same period of last year posted net loss from

of the product to the worldwide level and increase competence and capability of the company continuously and sustainably. 2. Business Outlook on Q2/2018 Management’s Discussion and Analysis (MD&A) For

126 0% Loss on confirmed purchase orders 24 28 (14%) Net foreign exchange loss 184 0 100% Finance costs 117 69 70% Total expenses 8,278 3,574 132% Loss for the year (451) (233) 93% Basic loss per share

company is still positive to see an improving of metal spread comparing to Q4/18. 2. Business Outlook on Q4/2018 Own production Tolling Total Own production Tolling Total HRC Sales (k tons) 226 192 418 182

Million for Last Year Quarter mainly due to increase in loss on devaluation of Finished Goods and Raw Material by THB 158 Million and lower Foreign Exchange Gain by THB 95 Million compared to Last Year

30, 2019, the company has received returned on doubtful accounts amount of 2.79 million Baht, which is the whole amount of trade account receivables. In this period, there's no recognition on allowance

million and THB 87 million for the 1st Quarter 2020 and 2019, respectively. During the current Quarter the Company suffered unrealized exchange loss of THB 110 million and loss on devaluation of inventories