Debenture | Long Term | Private Placement - 10 & Private Placement - II/HNW (Public Offering) | Offering Date - 09/05/2011 - 12/05/2011

-1- Ref. FPI. 014/2019 26 November 2019 Subject: Additional clarification regarding increase in capital investment in ALP FPI PARTS PRIVATE LIMITED in India To: Board of Directors and President of

contraction led to the decline in manufacturing production and private investment. Together with uncertainties in the trade relationship, weaker global economy, and the Thai Baht’s depreciation. On the domestic

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