Necessity and Details of the Transaction The effect of the global financial crisis in 2008 on the steel production industry, which resulted in a substantial decline in global demand for hot rolled steel

resulted in a substantial decline in global demand for hot rolled steel, combined with other issues and debts from past to present, have put the Company in another financial crisis. From the continuing

startup of new plant in Jiangsu for example rental expense and product development cost etc. 3. The consolidated net loss was 0.39%, last year’s net profit was 0.88%, mostly caused by the reduction in gross

and loss on exchange rate offset by a reduction in allowance for doubtful debts. Share of loss from investment in associates decreased by Baht 46 million mainly relates to the profit from Thai Wah PLC

percentage of sales, gross profit margin improved from 7.2% in Q1 2018 to 8.9% in Q1 2019, driven by cost reduction measures and improved efficiency and increases of gross profit from tooling sales in Q1 2019

by 10.6 Million Baht or 11.2% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 20.2 Million Baht, increased

. The major reason was due to the reduction of cost of sales and service. In the 1st quarter of year 2018, the company recorded shared profit from the investment in associate company of amount Baht 34.99

 million. The major reason was due to the reduction of cost of sales and  service.  In  the  2nd  quarter  of  year  2018,  the  company  recorded  shared  profit  from  the  investment  in  associate

offset by reduction in metallic cost. 3. Selling expenses Total selling expenses of the Company and subsidiary amounting to Baht 85 million and increased by Baht 23 million YoY or 37% due to the increase

Million Baht, decreased by 22.4 Million Baht or 15.8% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 28.8