remained resilient, despite a global slow-down in demand and weak outlook for automobiles. Lifestyle, on the other hand, has been adversely impacted due to stocks overhang and impacted by US- China trade

30 September 2019 G Steel Public Company Limited Page 1/20 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited 2. Business Outlook During the shutdown period from February 2019 to April 2019

Company Limited Page 2/2 2. Business Outlook While the Company is gradually regaining its market share back post shutdown from February 2019 to April 2019, the current slowdown continues to pose challenges

). Moreover, the Thai economic outlook would underperform below the baseline projection because; 1. The global economy could enter a severe recession and Thailand’s tourism sector could take a long time to

, reserve and liquidity. Credit Rating LH Financial Group Public Company Limited is assigned the credit rating at “BBB+” with “Stable” outlook by TRIS Rating. Analysis of Operating Results In the first

274,481 78% 274,397 77% Retained earnings 51,382 15% 57,103 16% Credit Rating Others 24,307 6.9% 24,722 6.9% Fitch National rating: AA+ (THA), Outlook: Stable Total Equity 75,689 22% 81,825 23% S&P BBB

the Company As the potential of such assets is not in accordance with the Company’s development direction; therefore, it is deemed appropriate to dispose such assets, which will provide the fund for the

as follows: 1. Background of the Transaction LPN and Nye Estate Co., Ltd. (“Nye”) are real estate developers. It is agreed that a plot of land on Rama 4 road is the potential location for the

area for large stores of the community mall project as well as the development of projects for sale in potential locations in the future. Besides, the Company aims to be the real estate development to

highest record for the third consecutive year, in terms of the cash collection of 3,204 million Baht, increase which was a result of the efficiency of collecting and the potential of the debt that the