cash equivalents increased by THB 4,110 million driven by cash generated from operations (see cash flow analysis). IPO proceeds were partly invested in short and long term debt securities resulting in

cash flow of the Company Subsidiary Establishment: cash flow of the Company บริษัท ดีโอดี ไบโอเทค จ ำกัด(มหำชน) เลขท่ี 111 หมู่ท่ี 2 ต ำบลท่ำจีน อ ำเภอเมืองสมุทรสำคร จังหวัดสมุทรสำคร 74000 111 Moo 2

, the Company spent THB 296mn on capital expenditure, primarily in property, plant & equipment purchased and investment properties. CASH FLOW (THB mn) For the three-month period ended 31 March 2019, cash

% บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2019 G Steel Public Company Limited Page 11/12 Consolidated Statement of Cash Flow

of the subsidiaries of THB 239mn. CASH FLOW As of 30 June 2019, the Company had net cash from operating activities of THB 141mn primarily from cash from operating activities of THB 186mn which was

increase in retain earning. However, the Company had an impact from adoption of new accounting standard (TFRS 15) reflecting Gheco- One. Cash flow analysis Q2 2018 Q2 2019 THB mm THB mm Net cash generated

Company Limited Page 11/12 Consolidated Statement of Cash Flow 30 June 2019 2018 + (-) % (in thousand Baht) Cash flows from operating activities Profit (loss) for the period (1,026,122) (905,729) 13

2019, the Company spent THB 2,060mn on capital expenditure and investment, primarily in investment properties, property, plant & equipment purchased and investment in subsidiaries. CASH FLOW (THB mn) For

shareholder equity as a result of the capital increase. During 1Q 2018, capital expenditure for U City was THB 51mn. Capital expenditure excludes the EBT of UE, which is classified as an investment. CASH FLOW

2018, total equity attributable to owners of the Company stood at THB 1,306mn and non-controlling interests of the subsidiaries at THB 72mn. CASH FLOW For the six months ended 30 June 2018, cash and cash