Nation U Co., Ltd., the subsidiary of the Company, and change in the accounting policy regarding the record of the land valuation To: Director and Manager The Stock Exchange of Thailand (SET) Attachment

3 1.5 Changes in Accounting Policy On January 1, 2018, the Company had applied accounting policy for derivative financial instruments and hedge accounting. The changes have been applied

Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 201# Page 1 (Translation) 1. Significant events of the , rd quar ter of 2018 1.1 Changes in Accounting Policy On January 1

Shipment volumes for this year were lower as compared to last year due to due to termination of Tolling activities since February 2019. GJS บริษัท จ ีเจ สตีล จํากดั (มหาชน) G J Steel Public Company Limited

international HRC prices also impacted the margins with gradual improvement witnessed during the quarter.  The reported quarter thus, resulted in reduced Shipment volume and EBITDA loss and Net Loss of THB 228

Own production Tolling Total HRC production volume (Ton) 178,506 - 178,506 230,759 187,066 417,825 HRC sale volume (Ton) 172,117 - 172,117 226,109 192,256 418,365 The Production and Shipment volumes for

engaged in collaborative marketing activities with various marketplace platforms, created branded exclusive products for specific channels, provided additional payment methods, provided order and shipment

repercussions for the Thai financial sector, combined with the enforcement of Thai Financial Reporting Standards related to Financial Instruments (including TFRS9) since January 1, 2020, which affects

แบบแสดงรายการขอมูลการเสนอขายตราสารหน้ี (รายครั้ง) (แบบ 69-DEBT-PO-GOV.AGENCY) บริษัท........... (ช่ือไทย/อังกฤษของผูเสนอขายตราสารหน้ี) ............. เสนอขาย ......................................................................................................................... ......................................................................................................................... ....................................................................................................

cubic meters per day and Phase 2 to be expanded its generating capacity to 48,000 cubic meters per day by approximately 2031. 1.10 Changes in Accounting Policy On January 1, 2018, the Company had adopted