Management Discussion and Analysis 1. Significant events in the third Quarter of 2019 1.1 The progress in construction projects 1.1.1 Project completion - SBPL Project, a project of San Buenaventura Power Ltd

ACC6206/004 28 June 2019 Subject Inform the progress of the sale stock in the subsidiary company To Director/ Managing Director The Stock Exchange of Thailand According to the meeting of the Board of

Discussion and Analysis 1. Significant events in the first Quarter of 2020 1.1. The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju Energy Services Co.,Ltd. (Paju

@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Second Quarter of 2020  The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

loss on impairment of general investment of Baht 51.36 million and loss on impairment of investment in associate of Baht 200.79 million. Progress of major debtors which is in the process of court trial

and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for

08:34 Acquisition of asset transaction 15/10/2020 17:37 Notification on Establishment of a New Subsidiary 19/02/2020 13:08 Progress of the Joint Venture Agreement relating to the investment in high-end

market; (2) progress on the Digital Asset Regulatory Sandbox and Digital Asset Custodial Wallet Provider projects; (3) amendment to the SET's regulations  concerning monetary fines for capital market

to benefit consumers, the establishment of the Securities Bureau Connext (SBC) and progress on regulatory measures to enhance trust and confidence in the Thai capital market. The meeting took place on