บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 1 Year 2018 Ended March 31, 2018 Note: This Management Discussion and Analysis (MD&A) was

SEC to operate as an ICO portal since October 2019.  Return on financial instruments for the year was Baht 75.83 million, increased by Baht 205.17 million mainly from gain on sale of general investment

of America 3.2 Summary of financial information Unit : USD million 2016 Assets 45.3 Liabilities 2.9 Shareholders’ equity 42.4 Income 1.2 Total expenses (30.1) Net profit (loss) (28.9) 3.3 Shareholding

Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2017 Ended June 30, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the

seller (Referring to the book value as of December 31, 2016 at Baht 150.89 per share) Summary of financial statements : Unit : Million Baht 2015 2016 Total assets 648.92 633.25 Total liabilities 185.02

, respectively. - Financial expenses increased from Baht 14.90 million in 2016 to Baht 18.07 million in 2017, or 21.29%, resulting from the use of personal loans of 9.00% per annum and overdraft facilities 7.50

same period of prior year. Net profit to total revenues was at 2.7%. It resulted from the decreasing of gross profit margin. Financial Position As at 31 March 2019, the Group reported total assets at THB

Company”) would like to announce the operating results for the three-month period ended March 31, 2019, which has been reviewed by an auditor as follows: Unit: Million Baht CONSOLIDATED FINANCIAL STATEMENTS

Management Discussion and Analysis For the Financial Result of Quarter 1 Year 2019 Ended March 31, 2019 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the

Public Company Limited (“IVL” or the “Company”) held on 11 th May 2018, has approved Indorama Netherlands B.V. its indirect subsidiary to further acquire 24 % equity stake in PT. Indorama Petrochemicals, a