the Non-oil business operated under the Bangchak Retail Co., Ltd. still perseveres with development and expansion, both for the SPAR supermarket business & convenience stores, and Inthanin Coffee shop

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions

an increase in property, plant and equipment, and intangible assets. • Total interest-bearing debts increase 3.6% from 53,856 million as of December 31, 2017 to Baht 55,774 million as of September 30

growth to develop new growth engines for IVL  Recycling leadership as the #1 player in recycled PET and the orchestrator of the PET circular economy  Leadership development with a bench of leaders and

commercial excellence  Adjacency growth to develop new growth engines for IVL  Recycling leadership as the #1 player in recycled PET and the orchestrator of the PET circular economy  Leadership development

23,302,731.46 33,845,744.40 Other current assets 3,581,886.07 56,600.00 42,525.00 Total current assets 112,577,080.62 151,656,169.53 145,035,688.74 Non-current assets Land, property, equipment (net) 28,287,502.97

PROPERTY DEVELOPMENT 19,913,725.00 16.29 15.97 3$4

" PROPERTY DEVELOPMENT 28,812,415.00 13.13 12.92 8*9% $& (+% F>3) ก () (AP) - 743,300 6,801,195.00 3.10 3.05 8*9%$&R ก () (CPN) - 100,400 8,559,100.00 3.90 3.84 8*9%F>.&.$A. $G>>:$S%3 ก () (LPN

admission, human resource development and training, investment in other companies as a holding company, i.e. 1) KPN Music Co., Ltd. (“KPN Music”) operating musical instruments trading and music school under

discussion contained elsewhere in the registration statement. IV. INFORMATION ON THE ISSUER A. History and Development of the Issuer The following information shall be provided: 1. The website address of the