the previous Quarterly To: The President The Stock Exchange of Thailand At present, the Thai economy and other countries in the world, there are clear direction of growth in the downtrend. The rate of

. Furthermore, the Company believes that the current situation of the real estate market especially condominium market is contraction in certain segment, which is resulted from global and local economy downtrend

value that has been revalued to reflect the current market prices of raw materials, which some items were in downtrend and the significant appreciation of Baht, resulting in higher cost of goods sold. The

, dropped by 5.6% as well. Declining prices of flat steel in China in Q2/2017 Source: Steel Business Briefing Overview of continuous industry of steel shows a downtrend compared with the same period last year

demand on program rights on DVDs or Home entertainment that was in downtrend. Costs of program rights business mainly consist of amortization, dubbing and translation costs. For the three-month period

of continuous industry of steel shows a downtrend compared with the same period last year Source : ISIT & OIE 3. Group CEOs Message Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 4 As a