, strategy, policy and operating plan of the company and units of the company should be clearly prescribed and conform to the fiduciary duties and good corporate governance with an aim to enable the management

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) Q3/2017 (Revised) Unit: million Baht

level. We also had to cut costs in all areas, suspend our investment plan and reserve cash to maintain a strong finance position during the crisis. Cost of Sales and Gross Profit The gross profit margin

-year feed-in tariff PPA, for the sale of electricity by the project with the contracted capacity of 640 MW. The construction of the project has progressed 60.67% (The construction plan was 62.95%). The

1Q 2018 Y-o-Y Effect Unit price Volume Unit price Volume % '000 US$ Unit price Volume % '000 US$ Copper Foil (KCE) KG. $10.08 374,782 $10.29 400,526 (2.08) (80.42) $11.17 591,461 (9.78) (409.60) Copper

Virtual Financial Statement As at 31 May 2017 Unit : Baht 2017 2016 Total assets 372,529,473.72 355,559,825.62 Intangible assets - - Total liabilities 345,800.00 817,800.00 Non-Controlling Interests - - Net

results. The annual period ends at December 31, 2017 and December 31, 2016 (Unit : THB million) Revenue Expired year: 31 December 2017 2016 Add (Reduce) Amount Percentage Service revenue 1,396.37 1,022.48

. (Source : BOT Press Release No.19/2019 on Monetary Policy Report, March 2019/EIC Outlook quarter 1/2019) Performance Analysis Unit : MB For the period ended Change 31 March 2019 31 March 2018 MB % Net sales

private consumption. Figure 1Total electricity usage, 2015-2017 Source: Electricity Generating Authority of Thailand According to Thailand Power Development Plan 2015-2036 (PDP 2015), peak demand was

.  Net profit in Q3/2017 was Baht 78 million, a decrease of 52% YoY due to 1) higher cost per unit resulted from lower capacity utilization YoY; and 2) higher depreciation resulted from additional