. 3 (“ECF-W3”) which is issued and allocated to the existing shareholders in the number of not more than 12,500,000 shares, at a par value of Baht 0.25 per share according to shareholding proportion

replace the old one due to tire/tube damage or tire wear). NDR’s product will be distributed in Thailand under ND Rubber brand while FKRMM’s product will be distributed in Malaysia under FKR brand. As per

(replacement market means motorcycle riders who change tire and tube in order to replace the old one due to tire/tube damage or tire wear). NDR’s product will be distributed in Thailand under ND Rubber brand

or paid from disposal or purchase the investments in subsidiaries and associated companies, except cash flow from interests receipts and dividend receipts which allocated as cash flows from operating

dividend receipts which allocated as cash flows from operating activities. Cash flow from financing activities means money arising from liabilities and owner’s equity or any other activities causing

associated companies, except cash flow from interests receipts and dividend receipts which allocated as cash flows from operating activities. Cash flow from financing activities means money arising from

management projects which is allocated only for operators whose name appeared in the Thai Innovation list. Currently, SUTG is the only one SUTG is a registered holder of the innovation list for Municipal Solid

”) which is issued and allocated to the existing shareholders in the number of not more than 12,500,000 shares, at a par value of Baht 0.25 per share according to shareholding proportion pursuant to

Business1 1 Europe, Middle East and Africa Figure 6: Asia Business Note: Holding companies earnings are allocated to all regions and all historical are restated accordingly 477 504 160 193 637 697 20.0% 15.7

with IVL to supply recycled PET for several major lines including Pantene, Head & Shoulders and Herbal Essences. IVL has allocated a budget of US$ 1.5Billion by 2025 to grow the recycling business