Analysis of the Company’s Performance for the Nine Months Ended 30 September 2018 Financial Position Total Assets The Company and its subsidiaries had total assets as at 30 September 2018 of THB 2,939.45

% YoY and 5.1% QoQ. Since the Company has added new services, manages ARPU and controls service and administrative expenses more efficiently. Financial Position As at 31 March 2019, the Company had total

58.32 7.61% Total liabilities and shareholders' equity 3,251.20 3,680.40 429.20 13.20% Total Assets The Company and its subsidiaries had total assets as at 30 June 2019 of THB 3,680.40 million, an

2018, Sales revenue of the Company was recorded at THB 1,256.44 million and THB 983.36 million respectively or equivalent to a drop of 21.73% which is considered a consecutive decline from the last

INDORAMA VENTURES PUBLIC COMPANY LIMITED 75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand Tel. 02-661-6661 Fax. 02-661-6664 www.indoramaventures.com 1

sales revenue stood at THB 877.83 million and THB 765.66 million, dropping 12.78% from declining revenue from overseas. This was a result of the delay in product delivery in China after the Company was

80.50 7.61% Total liabilties and shareholders' equity 3,251.20 3,493.23 242.03 7.44% Total Assets The Company and its subsidiaries had total assets as at 31 March 2019 of THB 3,493.23 million, an increase

120 million cubic meter At the Eureka Design Public Company Limited board meeting, 3/2020, dated March 12, 2020, the board approved the investment in water production and sales to the Provincial

Property to Ladprao Education Company Limited, the operator of Ladprao Bilingual School (“LBS”), and its parent company, L.P Holding Co., Ltd. at the selling price of Baht 191.50 million within 6 months

payables. Shareholders’ Equity As of 30 June 2019, shareholders’ equity of the Company was recorded at THB 4,828.89 million. The minor drop in shareholders’ equity of 4.77% was mainly due to declining