Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation

Company has been able to maintain financial liquidity, so there is no significant impact of COVID-19 on debt obligations. Meanwhile, the Company has taken stringent measures to manage and control its costs

the same period of the year earlier and has gross profit margin of 31.89%. because the company has improved the structure within the organization. The company has administrative expenses of THB 3.56

closing formalities on the acquisition of Longlaville Durafiber Technologies (DFT) SAS on October 5th, 2017 and taken charge of the plant. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy

Portugal, IVL would like to inform that it has completed all closing formalities and taken charge of the two assets on November 29th, 2017. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy

closing formalities and has taken charge of the operations effective on May 24th, 2018. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury) Company Secretary

. in the Czech Republic, IVL would like to inform that it has completed all closing formalities and has taken charge of the operations effective from October 30th, 2018. Please be informed accordingly

of intermediaries by revising the period of fee payment. The public hearing on the principles for amending the rules took place from 17 July to 20 August 2019. The proposed amendments have taken into

management and limited brokerage, dealing and underwriting of investment units (LBDU) In revising the annual fee scheme, the SEC has taken into consideration intermediaries? existing cost factor and potential

price; 2) exercise of due care by listed companies? board of directors in giving information and opinions; and 3) the SEC?s approval prior to the placement. At this juncture, the SEC has taken into