set up additional expected credit loss amount at a higher level when comparing to 1Q20. 4 Summary of operating performance Unit : Baht million 1Q21 4Q20 % QoQ 1Q20 % YoY Net Interest income 3,830 3,996

: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

issued by the SEC Office by virtue of this Notification. (2) a complete and updated summary report of the operational function outsourced to the service provider shall be prepared and submitted to the

3,164 million1. The total investment value will not exceed USD 350 million or Baht 11,073 million1. Summary of investment structure 1 Exchange rate at Baht 31.6373 per USD 1, which is an average selling

registered capital of Hero Experience (after the subscription of newly issued shares and the purchase of shares from an existing shareholder). 5.2 General Information (1) Overview of Hero Experience Name

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

capital of Hero Experience (after the subscription of newly issued shares and the purchase of shares from an existing shareholder). 5.2 General Information (1) Overview of Hero Experience Name : Hero

) Overview of Hero Experience Name : Hero Experience Co., Ltd. Address of Principal Office : 48/27 Soi Rungrueng, Ratchadapisek Road, Sam Sen Nork Sub-district, Huai Khwang District, Bangkok Nature of Business

to our 2021 target of US$287M (US$195M extra efficiency gains over 2020) Overview This time last year the world was just beginning to comprehend the unprecedented nature of COVID-19 and the

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 87/2558 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, Mutual Funds for Institutional Funds, and Private Funds ______________________ By virtue of Clause 6, Clause 8, and Clause 9 of the Notification...