value. Business Operating Results and Profitability Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Revenues 614.82 611.14 3.68 0.60

registration statement. If the registration statement contains any false statement or omits to state any material information which should have been disclosed, the unit holders shall be entitled to claim damages

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

) Unit: million Baht 2017 2016 Gr ou p Group Revenues 25,705 21,684 Group EBITDA 2,306 1,555 Group Net Profit (Loss) 365 (1,048) HR C HRC Sales (k tons) 1,381 1,326 HRC Production Volume (k tons) 1,429

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

Million Baht was 22.79 Million Baht or 92.92% lower from the last year. In 2016, The Company's profit from the sale of machinery and equipment manufacturing is not in use to outsider 10.88 Million Baht and

. REVENUES FROM SALES OF MANUFACTURING AND TRADING GOODS In 2019, the revenue of the Company and its subsidiaries was THB 2,776.38 million, equaled to 96.92% of the total revenues from operations, and

of each type of the revenue can be explained as follows: 1. REVENUE FROM SALES OF MANUFACTURING AND TRADING GOODS In 2019, the revenue of Company and its subsidiaries was THB 2,776.38 million, equaled

oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 1st quarter ended March 31st, 2019 Unit: THB Million Q1/2018 (Restate) 7/ Q4/2018 Q1