The Board of Directors' Meeting of G Steel Public Company Limited has passed the resolution to approve an ordinary business support transaction by hiring services of G J Steel Public Company Limited ("GJS") to utilize the equipment with sufficient skin pass capability at GJS to conduct inspection, flattening of coils and other services to solve the problem of HRC coils of the Company. The same had been reviewed and concurred by the Company's Audit Committee's Meeting No. 3/2023 held on 10 May 2024.

This service is deemed as a connected transaction according to the Notification of the Capital Market Supervisory Commission No. Tor Chor 21/2551 Re: Rules on Connected Transactions and the Notification of the Board of Governors of the Stock Exchange of Thailand (SET) Re: Disclosure of Information of Listed Company Concerning the Connected Transactions B.E. 2546 (2003): Date of Transaction: The service will be utilized until August 2024. Transaction Parties: Service provider: G J Steel Public Company Limited ("GJS"), a company having the same major shareholder with the Company which is Nippon Steel Corporation ("NSC") who directly holds 10.24 % of the Company's paid-up capital and indirectly holds 49.99 % of the Company's paid-up capital through Asia Credit Opportunities I (Mauritius) Limited.

Service receiver: G Steel Public Company Limited. The Company will send not more than 1,500 tons to GJS to process by Skin Pass mill to improve and inspect the Company's HRC quality because the Skin Pass mill of the Company has less capability than GJS's mill. The Company will send not more than 1,500 tons to GJS to process by Skin Pass mill of GJS at a service fee of 213 Baht/ton which is derived from the estimated production cost of GJS's Skin Pass plus margin of 5%.

Total value of transaction comprises of the service fee of all the coils to be processed, the maximum amount of service fee is THB 319,500. The Company will pay GJS for its service using cash from the operation of the Company.