from the decrease in employees’ expenses, advertising and promotional expenses and effective management of expenses during the COVID-19 pandemic. Table: Operating Results (Unit: Million Baht) Items

income statement) Therefore, the operating result depends on the change of the market price of investments. Table: Operating Results (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY

comparative performance of the third quarter of 2019 and the third quarter of 2018. Table: Operating Results (Unit: Million Baht) Items Quarter Variance Quarter Variance 9-month period Variance 3/2019 2/2019

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(loss) for the year (1,353) (836) 62% Basic profit (loss) per share (in Baht) (0.063) (0.060) 4% Table 4: Summary of Financial Results GJS บริษัท จ ีเจ สตีล จํากดั (มหาชน) G J Steel Public Company Limited

. Table : The production and the domestic demand of Finished Steel in Q2 2016 and 2017 Total Apparent Finished Steel (Unit : Tons) Quarter 2/2016 Quarter 2/2017 % Change Production 2,407,293 1,707,444

. บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน) Management’s Discussion and Analysis | 3 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating Performance Table 1

decreasing compared to the previous year. Management’s Discussion and Analysis (MD&A) for year 2017 9 Table : The production and the domestic demand of Finished Steel in 2016 and 2017 Total Apparent Finished

, decreasing 5.87% resulting from the demand of Hot Rolled Steel and Galvanize Steel which decreasing compared to the previous year. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 9 Table

increasing compared to the previous year. Table: The production and the domestic demand of Finished Steel for 2017 and 2018 Total Apparent Finished Steel (Unit : Tons) 2017 2018 % Change Production 6,875,446