Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) Unit: million Baht

million baht for year 2017, 2018, and 2019 respectively. In the year 2019, for the international market, the agricultural sector has experienced the drought effect, resulting in the sales of fresh

total number of units of JASIF as provided at the IPO of JASIF remains unchanged. In demonstrating our continued commitment, the Company has agreed to a further 90-day lock-up of the unit s of JASIF, to

from both domestic and international demand which were impacted by the coronavirus (COVID-19) pandemic and various severe measures for controlling the outbreak. Therefore it affected to the economic

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the second quarter ended 30 June 2020 (Unit: Thousand Baht) 2020 2019 Increased/ (Decreased) Room revenue 337

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Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained

addition, the cost per unit decreased due to the increased production volume (Economy of scale). • Gross Profit margin in Q4/2023 was 65.0%, increased from 62.9% in Q4/2022, and Gross Profit margin in 2023

pandemic since the second half of 1Q20, including the national lockdown in Thailand and travel bans in all international countries, as a result, the service users, both Thai And foreigners decreased. In this

SILOM ROAD SI LOM, BANG RAK, Bangkok 10500 Tel.0-2231-3777 , 0-2618-1000 Fax.0-2231-3951 6 CGS INTERNATIONAL SECURITIES (THAILAND) CO.,LTD. - LUMPHINI, PATHUM WAN, Bangkok 10330 Tel.0-2841-9000 Fax.0-2841