the year 2018. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

broilers to GFN in 2019 declined by 9.34% comparing to 2018 mostly from lower sales volume and selling price of live broilers. Processed Foods Segment Revenue from processed foods segment in 2019 consisted

by 20.2 Million Baht or 100.0% compared to the previous year as revenue recognition began in the 4th quarter of 2018. Processed Food Unit: Revenue amounts to 184.5 Million Baht, increased by 30.3

Million Baht, increased by 28.8 Million Baht or 100.0% compared to the previous year as revenue recognition began in the 4th quarter of 2018. Processed Food Unit: Revenue amounts to 278.8 Million Baht

total revenue as this year has new strategy to move away from plastic to biodegradable. Revenues from Sale of Food & Beverage Processed Food Unit: Revenue amounts to 388.4 Million Baht, increased by 61.6

decreasing in overall sales volume. The consolidated gross profit margin contributed of 13.12% in 1Q2018, decreased from 15.28% in 1Q2017. The participating loss from associates was THB 44.72 million in 1Q2018

) 2,613.46 31.44 2,750.07 35.66 (136.61) (4.97) Processed Food 181.68 4.18 164.25 4.13 17.43 10.61 362.46 4.36 340.35 4.41 22.11 6.50 Total Sales 4,346.60 100.00 3,979.59 100.00 367.01 9.22 8,312.61 100.00

18.92 59.11 8.37 Farm Segment 1,369.22 34.52 1,448.90 38.81 (79.68) (5.50) Processed Food Segment 180.78 4.56 176.10 4.72 4.68 2.66 Revenue from Sales 3,966.01 100.00 3,733.10 100.00 232.91 6.24 Revenue

2017 Pe rfo rm an ce Revenues 7,815 3,276 Sales Volume (k tons) 378 188 EBITDA 118 64 Net Profit (Loss) (451) (233) HR C HRC Sales (k tons) 378 188 HRC Production Volume (k tons) 363 188 HRC Average

1 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q1/2019 Unit: million Baht 1st Quarter 2019 1st Quarter 2018 Pe rfo rm an ce Revenues 3,398 8,117 Sales Volume (k tons) 177 388