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loan from a financial institution. 9. Expected Benefits from the Transaction The property development projects of the Company are decreased due to the continuous increase of sales. After the acquisition

million or 3% year-on-year from continuous efforts of the Group to control and reduce costs in all business groups, although the decrease in costs did not match with the decrease in revenues. The Group

and Clause 5 or Clause 6, as the case may be; (d) having a plan to report the results of the experiment and progress of service provision to the SEC Office on a continuous basis; (e) having a clear exit

, as the case may be; 2 (d) having a plan to report the results of the experiment and progress of service provision to the SEC Office on a continuous basis; (e) having a clear exit strategy in case of

hospitals and medical equipment that will support continuous growth momentum in demand for medical devices in Thailand. 4 Due to growth medical device business, the Company plans to develop new products as

businesses will create opportunities to expand the customer base both of the existing and the new market. These will result in having continuous income growth in the future.

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

. However, the Group still has a continuous increase in operating results. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek) Chief Executive Officer

continuous decline in global HRC prices and concerns about the growing spread of global epidemic of COVID 2019 towards the end of 1st quarter of 2020. This also resulted in slowing orders from customers due to