sale, lease or hire purchase and operating business in flat, apartment and condominium. Head office 3/7 Soi Sukhumvit 31 (Soi Sawasdee), Sukhumvit Road, Kwaeng Klong Tun, Khet Klong Toey, Bangkok

tons, decreasing 56.86% compared to the same period of previous year. Table : The production and the domestic demand of the Hot Roll Flat Steel for Q2 2016 and 2017 Total Hot Roll (Unit : Tons

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q3/2017 Unit: million Baht 3rd Quarter 2017 3rd Quarter

and the domestic demand of the Hot Roll Flat Steel for Jan - Sep 2017 and 2018 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) Jan - Sep 2017 Jan - Sep 2018 % Change Production 2,174,611

in the business of selling plots of land, land development including construction building for sale, lease or hire purchase and operating business in flat, apartment and condominium. Head office 3/7

Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

of the Hot Roll Flat Steel for Jan - Jun 2017 and 2018 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) Jan - Jun 2017 Jan - Jun 2018 % Change Production 1,360,781 1,576,282 15.84% Import

Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights Unit: million Baht 3 rd Quarter 2019 3 rd Quarter 2018 P er fo rm a n ce Revenues 3,803 8,666 Sales Volume (k tons) 172,117 418,365

year. Management’s Discussion and Analysis (MD&A) For Q1/2018 9 Table: The production and the domestic demand of the Hot Roll Flat Steel for Q1 2017 and 2018 Total Hot Roll (Unit : Tons) (Excluding

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 (Revised) Unit: million Baht