world market for Q1/2014 – Q4/2018 Processed price data from: Metal Expert 9 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 Overview of Thai Steel Industry ISIT had

Discussion and Analysis (MD&A) for year 2018 (Revised) Overview of Thai Steel Industry ISIT had reported the domestic steel-production for 2018 was at 7.11 million metric tons, increasing 3.36% compared to the

due to the unfavorable economic and industry conditions i.e. Thai energy drink market, according to Nielsen data, reduced by 2.8% in 2017 and shrank by another 3.6% in the 1Q/2018 as compared to the

UNOFFICIAL TRANSLATION Codified up to No. 3 As of 9 June 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

(UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot undertake any

to remain at the same rate if there is no significant change in natural gas price and the appreciation in Thai Baht. However, during September and December of 2018, Ft rate is expected to be adjusted

tax expenses: was THB 284 million in Q2/2020, increased by THB 254 million or 851% from Q2/2019 mainly due to an increase in deferred tax expenses arising from the implementation of Thai Financial

terms and conditions of such Agreements. 2. Involved Parties Investor Aapico Hitech Public Company Limited, which is the company incorporated under Thai laws and publicly listed on the SET under the

in accordance with the terms and conditions of such Agreements. 2. Involved Parties Investor Aapico Hitech Public Company Limited, which is the company incorporated under Thai laws and publicly listed

Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail