. They also have to prepare for the adoption of TFRS 9 which will come into effect in 2020. Managing loan quality and non-performing loans continues to be a major challenge. However, due to a relatively

with the focus on being competitive to gain fair market share and hence retain or expand our scale in respective businesses. For mobile business, 4G adoption and demand is expected to continue rising

, capitalization of the Lake Charles Gas Cracker and the adoption of new TFRS during the quarter. • Combined PET segment which also comprises our flagship PET business has seen resilient demand and improved margins

operators have committed to increasing 5G customer perception and expanding network coverage in high density of demand areas. As a result, 5G adoption reached around 4mn subscribers, underpinned by the rising

, boosted by the overall economic recovery and increased consumer spending attributed from increased domestic and international tourism which led to higher roaming revenue. Our efforts to increase 5G adoption

into the adoption of Low Sulphur Fuel Oil as the fuel source for shipping vessels following the mandate of the IMO which will begin enforcement in 2020. Nevertheless, from the volatility of global crude

prepared for the adoption of IFRS 9. Non-performing loan of the commercial banking system are projected to increase at a slower pace during the rest of the year. However, given its relatively high level of

1 January 2020, the bank has sufficient reserves in accordance with the new standard (the estimated reserve amount is subject to the auditor’s review). The adoption of TFRS9 will not have any

initial adoption of TFRS 9, our financial statements for the year ended December 31, 2020 may not be comparable to the previous financial statements.

may not match to IVL due to holdings segment (3) Periods with Restated or (R) are restated numbers as per the adoption of new and revised TFRS. Executive Summary IVL management is pleased to announce