, licenses or Contracts × IX. OPERATING AND FINANCIAL REVIEW AND PROSPECTS A. Operating Results ม.69 (7) ฐานะทางการเงิน การดําเนินงาน และขอมูลท่ี สําคัญของธุรกิจ B. Liquidity and Capital Resources × C. Trend

ratio summary of the mutual fund via Form 123-2 attached hereto; (5) Total fees, compensation and expenses collected from the mutual fund and unit holders via Form 123-2 attached hereto; (6) Warning on

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

renewable businesses. GPSC - Q3/2020 Management Discussion and Analysis (MD&A) 2 Executive Summary 62% 63% 61% 5% 4% 5% 19% 18% 19% 4% 4% 5% 10% 10% 11% 13,835 12,488 11,217 Q3/19 Q2/20 Q3/20 55% 56% 57% 23

procedure for dividend payment including review of the number of unitholders which the company received from the registrar and the comparison of the resolution on dividend payment to the transfer order issued

reconciliation and balance for the protection of unitholder’s interest. Page 11 of 32 (Unofficial Translation) Guidelines 1. There should be a procedure for dividend payment including review of the number of

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

. Praphakorn Smiti 8. Ms. Phanthip Katipagdeetham 9. Mr. Ekaporn Rakkwamsu Shareholders 1. The Company 2. Mrs. Sangsri Chiyachantana 3. Mr. Chirasak Chiyachantana Financial Summary Western U Company Limited

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Commercial operation of ABPR3 From a total of three SPP power plants in Amata City Industrial Estate that have scheduled COD in 2018, ABPR3 is the first