บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2020 Ended June 30, 2020 Note: This Management Discussion and Analysis (MD&A) was

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determined in accordance with the following formula: Sale Shares Price = Permata Book Value (as set out in the last financial statements published prior to the date of confirmation of satisfaction of all

independent financial advisor to provide an opinion on the asset acquisition transaction and submit such opinion to the SEC, the SET, and the shareholders of the Company for their consideration. Furthermore

shareholders having interests; and (3) appoint an independent financial advisor to provide an opinion on the asset acquisition transaction and submit such opinion to the SEC, the SET, and the shareholders of the

Ref. No. IVL 007/08/2018 Aug 6, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama