from the announcement. Financial structure The Company emphasizes the importance of financial structure management efficiency which should be flexible in difficult circumstances and able to maintain the

culture particularly challenging is the difficulty in defining or quantifying corporate culture. However, through advanced machine learning, a new measure of company culture has just been developed. Using

of an increased in raw material cost is greater than an increased in HRC market price. The company expects the lower of production and sales due to the slowdown of Tolling during Q4/18. The company

percent (35.0 percent in the year 2017). The gross margin was higher as the company could be controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased

transactions, the segment had a decrease in revenue of 26.58 million baht. Main target customers for the Special Cutting Tools segment are in the Hard Disk Drive (HDD) industry, with production base in Thailand

the year 2019. The decreased in sales revenue was mainly due to the decrease in shipments of telecommunication and computer peripherals products, such as the set-top-box , the hard disk drive products

some marketing risk and to improve product quality to be accepted for international standard level. For the year 2018, it will be a challenging year for the Company to increase more export volume, sales

, the Company aims to diversify some marketing risk and to improve product quality to be accepted for international standard level. For the year 2018, it will be a challenging year for the Company to

%) (Reversal of) loss on confirmed purchase orders for undelivered raw material 21 0 100% Other income 97 45 116% Total income 13,268 30,180 (56%) Expenses Cost of sale - Cost of goods sold 13,386 29,342 54

-Quarter of 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Chart of world steel production capacity utilization, ending 30 September 2017 Source: World Steel Association The main raw