and loans. The accounting policy, that was used to record and measure the value of financial tools, has been disclosed in the released notes to the financial statements. The Company has reduced the

growth.  Recent warrants exercise further reduced IVL Net Operating Debt to Equity ratio to 0.53 times at end of 3Q18, which provides a significant investment head room to continue with growth capex in a

establishing and pending promulgation of 2020 capital expenditure and 4) Consumption and investment of private sector was shorten in the meantime household purchasing power weakened from income, unemployment

proper product management and effective resulting in reduced cost of sales. Yours Sincerely, Mr. Perapol Suwannapasri Managing Director

sales volume has risen up continuously but the export income was directly affected to be reduced from Thai Baht appreciation rapidly and tremendously. However, the company has protected the risk of loss

subsidiaries decreased because the Social Security Office have reduced the payment of medical expenses of high-cost deseases from 12,800.- to 10,200.-Baht,so the company has to adjust the revenue that was

product management resulting in increased sales and reduced cost of sales Yours Sincerely, Mr. Perapol Suwannapasri Managing Director

dioxide, and reduced other expenses such as document delivery, electricity and document storage which can help businesses save approximately 1 million baht per year.Moreover, the amendment expands

organization or state owned enterprise. Fees for registration of transfer, mortgage and leasehold will also be reduced to 0.01% but not exceeding 100,000 baht. For unitholders of infrastructure fund, dividend

deemed beneficial to the adjudication process, the Court considered it a mitigating factor. Accordingly, the sentence was reduced by half under Section 78 of the Criminal Code. The final sentence is a fine