value of 17.1 billion baht (Figure 1). Market Review Source: SETSMART -100 -75 -50 -25 0 25 50 75 100 600 650 700 750 800 850 900 950 B bn. SET Index 616.75 (Jan 9) 915.03 (Oct 29) 858.1 (Dec 28) Jan 07

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

revenue was Baht 433 million, contributed to financial advisory fee amounting Baht 337 million and underwriting fee amounting Baht 96 million. 1 Including SET and mai but excluding proprietary trading 14

guideline for the operating system of management company shall comprise of 4 chapters as follow: Chapter 1 Organisational structure of the company 1.1 Segregation of work units and responsibilities 1.2 Roles

operating system of management company shall comprise of 4 chapters as follow: Chapter 1 Organisational structure of the company 1.1 Segregation of work units and responsibilities 1.2 Roles and

in a greater proportion than the reduction in sales and administrative expenses, especially the significantly decrease of sales in Q2/2020. Management Discussion & Analysis Q4/2020 1 In Q3/2020, the

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 (Additional) Unit: million Baht

holding an equivalent position or higher, who is in charge of financial advisory functions fails to meet the conditions set forth under (3) (4) (a) (b) or (c) of Paragraph 1 or (5)(a) or (c) of Paragraph 1

and resolve deficiencies in each year. rd - 21 - B. Engagement Level There are 239 auditors in the capital market, from 28 audit firms (as shown in figure 1), as at the end of the 3 inspection cycle (31

), as amended by the Securities and Exchange Act (No.5) B.E. 2559 (2016), the Capital Market Supervisory Board hereby issues the following regulations: Clause 1 This Notification shall come into force