.) Government spending and investment in infrastructure despite a lower rate of growth due to the delay of government establishing and pending promulgation of 2020 capital expenditure 3.) growth in private

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 (Additional) Unit: million Baht

100 percent shares held by the Company, to acquire the additional ordinary shares in the amount of 16,875 shares, equivalent to 30 percent of the total shares of COMASS from the Seller at the purchase

from the weakened household income especially in non-farm income together with the tightening of financial institutions credit approvals due to the deteriorations in asset quality. The non-durable goods

period of the year 2017. This was mainly due to the termination of the satellite television co-production agreement before the due date with M.V. Television (Thailand) Co., Ltd. for 16 satellite television

and other incomes of Baht 10.80 million. It decreased by Baht 41.83 million, compared with the same period of the year 2017. This was mainly due to the termination of the satellite television co

equipment design and installation of systems related to water treatment systems for medical services. By the 3rd quarter of this year, the sales of dialysis solution continually increased, due to the success

in 20172, mainly due to an ongoing postponement of festivities subsequent to the mourning period over the passing of His Majesty King Bhumibol Adulyadej and the shrinkage of advertising spending in a

additional provision of THB 20 Million due to increase in the benefit of employees who have past service of 20 years or more from 300 days to 400 days according to the announcement of Labour Protection Act

benefitted from synergies of O2O Solutions campaigns on 10 selected BTS stations, which generated additional revenue of THB 80mn. Meanwhile, our Office Building and Other media segment revenue grew solidly