price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within their capacity of the

increased in HRC market price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within

grew to 3.03 million tons which increased by 1.6% QoQ and 7.3% YoY. Under the flat steel product, Hot Rolled Coil (HRC) consumption was at 1.77 million tons, increased by 7.5% QoQ and 6.8% YoY, which

more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020. Timely Government interventions to boost the economy are helping in gradual recovery of the

ended 2019 due to net loss. 5. Business Outlook The impact of outbreak of Covid 19 Pandemic was more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020

. Thailand registered a GDP growth of only 2.4% during 2019 against 4.1% in 2018 with the fourth quarter 2019 growth at merely 1.6%. Further, Total Hot Rolled Steel consumption for 2019 at 6.66 million MT

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Page 1 of 2 No. ACC6101/003 January 22, 2018 Subject: Approval to enter into Contract to sell of Land (Revised) To: President The Stock Exchange of Thailand According to the Board of Director’s

) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter

approval of the Cabinet. “derivatives” means a contract having one or any combination of the following characteristics: (1) a contract in which one party is obliged to deliver goods as specified in the