because of steel poles bidding plan postponement that impacted to new order. 3. Sales and administrative expenses : Sales and administrative expenses of quarter 1/2020 was Baht 93.39 million decreased of

Shareholders From the shareholder register book on April 2,2018 List of Shareholders No. of shares % 1) Millcon Steel Public Co., Ltd. 1,080,000 40.00 2) Igeneration Co., Ltd.1 539,999 20.00 3) Electric

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2020 G Steel Public Company Limited Page 1/7 Management Discussion and

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2018 G Steel Public Company Limited Page 1/12 Management Discussion and

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 1 Ending 31 March 2019 G Steel Public Company Limited Page 1/12 Management Discussion and

shareholding 1. Millcon Steel Public Company Limited 7,000,000 39.71 2. Wave Entertainment Public Company Limited 5,000,000 28.36 3. Miss Pui Man Lee 3,130,000 17.75 4. Mr. Thanarat Possawong 2,500,000 14.18

Shareholding Structure : Shareholders No. of shares % of shareholding 1. Millcon Steel Public Company Limited 7,000,000 39.71 2. Wave Entertainment Public Company Limited 5,000,000 28.36 3. Miss Pui Man Lee

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

GJS บริษัท จี เจ สตีล จำกัด (มหาชน) G J Steel Public Company Limited Management Discussion and Analysis Q1/2020 G J Steel Public Company Limited Page 1/13 Management Discussion and Analysis Q1/2020 1

Meeting of Shareholders No. 1/2019 To President Stock Exchange of Thailand Enclosure Information Memorandum for the Connected Transaction of G Steel Public Company Limited We, G Steel Public Company Limited