Company’s business potential in the long term. The Board of Directors accordingly passed a unanimous resolution to approve the entry into this transaction. 10. Opinion of the Director and/or the Audit

Disposal of Assets, dated 29 October 2004. In addition, during the past six months, the Company did not have any other acquisition transactions of other assets before the date of entry into this transaction

was higher by 40% on a YoY basis, benefitting from the entry into downstream airbag weaving from UTT and Kordarna. Volume on a QoQ basis was higher by 5 % due to full quarter impact of UTT. Indorama

after computing of the foregoing with the Company’s other connected transactions within the past 6 months including the entry into an Right to Sell Advertising Media Agreement between the Company and

2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure

manner of price-dumping and unfair trade and finally will lead to the enforcement of Anti-Dumping or Safeguard measures. The world steel production capacity utilization ratio of the 67 countries in

thousand tons, decreased by 117 thousand tons or 31% YoY which affected from final resolution by the Trade Interests and Remedies Committee to get no extension of the safeguard measures for imported hot

of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling

of the foregoing with the Company’s other connected transactions within the past 6 months including the entry into an Right to Sell Advertising Media Agreement between the Company and PLANB, which will

the Company’s other connected transactions within the past 6 months including the entry into an Right to Sell Advertising Media Agreement between the Company and PLANB, which will be approved by the