cycle. On the journey to achieve this, IVL is committed to:  Cost transformation via the Olympus program, leading to $350M run-rate savings by 2023  Asset full potential with strong revenue and margin

587 585 534 Omada Aerospace Factory Rayong 969 881 889 Toal 3,090 2,861 2,918 Note: 1 Exclusive of VAT, fee and expense for ownership transfer, leasehold registration fee, revenue stamp and

587 585 534 Omada Aerospace Factory Rayong 969 881 889 Toal 3,090 2,861 2,918 Note: 1 Exclusive of VAT, fee and expense for ownership transfer, leasehold registration fee, revenue stamp and

transformation via the Olympus program, leading to $350M run-rate savings by 2023  Asset full potential with strong revenue and margin growth across PET, IOD and Fibers through commercial excellence  Adjacency

committed to:  Cost transformation via the Olympus program, leading to $350M run-rate savings by 2023  Asset full potential with strong revenue and margin growth across PET, IOD and Fibers through

any of its parent or subsidiaries was a party. 3. The amount of outstanding loans (including guarantees of any kind) made by the issuer or any of its parent or subsidiaries to or for the benefit of any

total loans 3.8% 3.9% 3.5% (0.1)% 0.3% Ratio of loan loss reserves to NPL 159.3% 160.2% 160.0% (0.9)% (0.7)% Total capital adequacy ratio 17.97% 18.17% 18.26% (0.20)% (0.29)% ** Less deferred revenue Bank

to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales revenue 371.33 316.83 17.20

to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales revenue 371.33 316.83 17.20

., which is demonstrated as the above transactions, is proper and gives benefits to the company which can increase revenue and profits to the group companies. Please be acknowledge for your information Yours