crude oil prices we expect to see improved performance in the laggards of 2Q20. • Liquidity in the company remains high with cash and cash equivalents of US$0.8B and unutilized credit lines of US$ 2.0B

achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. These forward- looking statements are based on

the Company (92.17) (173.12) 0.13 0.07 Based on the performance of DCORP from the consolidated financial statements for the first nine-month of the year 2017 ended September 30, 2017, the total income

. 006 / 2018 February 28, 2018 Subject Explanation of the operating performance for the year 2017 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company Limited would like to

บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2020 G Steel Public Company Limited Page 1/3 Management Discussion and

Limited (the “Company”) Board of Meeting No.1/2018 on 26 February 2018, the resolution to certify the Company’s financial statements and performance for the yearly ending 31 December 2017 which has already

30.49% from the long term loan as of the end of 2017. The decreased in long- term loan of the Company and its subsidiary was resulted from the continuous growth of the Company’s performance and the

12.0% in 9M/2022 due to the increase in sales revenue and the ability of the Company to manage cost efficiently. N E T P R O F I T a n d N E T P R O F I T M A R G I N : Financial Performance Management

INDORAMA VENTURES PUBLIC COMPANY LIMITED 75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand Tel. 02-661-6661 Fax. 02-661-6664 www.indoramaventures.com ที่

May 15, 2019 Subject : Management Discussion and Analysis for quarter ended March 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated