J Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 7/13 Unit : Million Baht Jan - Sep 2019 Cash flows from

Q1/2020 G J Steel Public Company Limited Page 7/13 Unit : Million Baht Jan - Mar 2020 Cash flows from operating activities Net profit (Loss) for the period (476) Adjustments for Depreciation and

respond the needs of healthcare with thorough, up-to-date, and in time services. Thus, the Company planned to open 3 more hospitals to server those needs and generate more revenue streams in the future

Discussion & Analysis Q3/2020 1 Generating new revenue streams from the sales of After You’s products and consignment products from other suppliers under the name of ‘After You Marketplace’, which allocates a

streams for the Company as well as respond to the changing consumer behaviors • Prioritize food delivery services and orders through After You Application • Establish Cloud Kitchen in response to the new

credit for purchase of receivables; (iv) gain on sale of properties foreclosed; (v) gain on installment sales; and (vi) other operating income. 4 Cash flow to income ratio is calculated from cash flows

receivables; (iv) gain on sale of properties foreclosed; (v) gain on installment sales; and (vi) other operating income. 4 Cash flow to income ratio is calculated from cash flows operations divided by operating

flows and the contractual terms of the financial assets represent contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. - A financial asset

Analysis (MD&A) For Q2/2017 GSteel 16 Unit : Million Baht Jan - Jun 2017 Cash flows from operating activities Net profit (Loss) for the period 1,228 Adjustments for Depreciation and amortization 943 Interest

: Million Baht Jan - Sep 2017 Cash flows from operating activities Profit (loss) for the period 1,281 Adjustments for Depreciation and amortisation 1,426 Interest income (2) Finance costs 746 Unrealized loss