Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 2/13 2. Business Outlook The Domestic HRC prices were severely

and allocating not more than 149,975,200 new ordinary shares with a par value of Baht 1 per share by the General Mandate. The Company registered the decrease in its registered capital with the Ministry

and Administrative Expenses 54 51 6 Share of profit (loss) from investments in joint ventures 1 (1) (200) Financial Cost 8 8 - Net Profit 29 64 (55) - 2 - Total Revenues In the three-month period ended

of Sales and Services 363 405 (12) Selling and Administrative Expenses 41 66 (38) Share of profit (loss) from investments in joint ventures (1) 6 (117) Finance Cost 6 8 (25) Net Profit 50 43 16 - 2

Ref. WINNER 0009/20108 Page 1 of 8 Disclosures on the asset acquisition of Winner Group Enterprise Public Company Limited on share purchase of Aesthetic Zecret (At-Ze) Company Limited (Schedule 1

into the sign of Share Sale and Purchase Agreement, including transfer of related brand names from the selling shareholder(s). According to the Notification of the Capital Market Supervisory Board No

is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we

cash dividend payment at Baht 0.9 per share for 1,185,193,444 shares outstanding, total amount to be paid out (paid out from net profits after deduction of twice amount of some expenses: this makes the

249.10 (32) Less Loss on derivatives 92.95 - n.a. Loss on change in status of investments 5.72 - n.a. Share of profit (loss) from investment in (0.14) 5.30 103 joint ventures Gain (loss) on recognition of

was 11.80 percent lower from the decline of sales revenue since the 1st quarter under the Coronavirus Outbreak (COVID-19) which resulted in the company had income from the export and domestic sales