become apparent, that an investment scam or fraud has taken place. • Recognises that “low risk, high return” investments do not exist.

apparent to the SEC Office that I have characteristics indicating untrustworthiness, the SEC Office may de-list my name from the Issuing Company’s Director and Executive Database. Besides, the SEC Office

. Moreover, a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. According to ISITCs data, total apparent finished steel consumption of Thailand for the first 6

Analysis (MD&A) For Q3/2018 3 Executive Summary The total apparent finished steel consumption of steel industry in Thailand in the third quarter of 2018 surged to 4.66 million tons, an increase of 11.1

, REPUBLIC OF KR HEARD ISLAND AND MCDONALD ISLANDS HM KUWAIT KW HOLY SEE VA KYRGYZSTAN KG HONDURAS HN LAO PEOPLE'S DEMOCRATIC REPUBLIC LA HONG KONG HK LATVIA LV HUNGARY HU LEBANON LB ICELAND IS LESOTHO LS

GUYANA GY KOREA (DEMOCRATIC PEOPLE'S REPUBLIC OF) KP HAITI HT KOREA, REPUBLIC OF KR HEARD ISLAND AND MCDONALD ISLANDS HM KUWAIT KW HOLY SEE VA KYRGYZSTAN KG HONDURAS HN LAO PEOPLE'S DEMOCRATIC REPUBLIC LA

" 4G"7 LH/!I /9 -9: I L:H-9 !XGI 9 !"HIO-9:4G" 2/2560 8 2 2559 2560 Total Apparent Finished Steel (Unit : Tons) Quarter 2/2016 Quarter 2/2017 % Change Production 2,407,293 1,707,444

variable cost side, particularly fuel, are not yet apparent. However, going into Q2 and the rest of the year variable cost savings will add to EBITDA as we see the impact of standardizing fuel across the

incentive programs through the operations. The impact of lower volumes was apparent as H1 2019 EBITDA decreased by 21% from the year previously. In H1 price has met expectations and every effort will be made

steel which increasing compared to the same period of previous year. Table: The production and the domestic demand of Total Finished Steel in Q1 2019 and 2020 Total Apparent Finished Steel (Unit : Tons