summary as follows:- Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 4 Unit : Million Baht Statement of Financial Position Dec 31, 2017 Jan 1, 2017

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million

Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

(Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for Quarter 1’ 2020 with the summary as follows: - 1. Nature of operations of the Group The Group has principally

@kkpfg.com Tel. +66-2495-1366 Website: www.kkpfg.com http://www.kiatnakin.co.th/ 2 Change of Company Name From 17 August 2020 onwards, Kiatnakin Phatra Financial Group (KKP) has changed the name for the Bank

the lease agreements (TFRS 16). Executive Summary Q1/2020 Operating SummaryHighlights Note: 1. Since the Q1/2020, the company has changed the classification of expenses, therefore, the gross profit

1,563 million for 1Q17. The comprehensive income included revaluation of available-for- sale securities as a result of the capital market volatility. Summary of Performance of the Bank and subsidiaries

income of Baht 1,563 million for 1Q17. The comprehensive income included revaluation of available-for- sale securities as a result of the capital market volatility. Summary of Performance of the Bank and

Baht 1,476 million in 1Q18. The comprehensive income included revaluation of available-for-sale securities as a result of the capital market volatility. Summary of Performance of the Bank and