management. Based on the Company's financial statements for the year ended December 31st, 2019 Upon considering the Company’s Specific Business Financial Statement for the year ended December 31st, 2019, it

toll revenue sharing based on the toll rate under the Ministry of Transport’s Announcement dated August 29, 2003 and the toll rates which the Company entitled to receive under the Agreement, calculated

downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated

certain since the Company and the Purchaser have not yet signed the Land and Buildings sale and purchase agreement and the Purchaser has not paid security deposit as agreed in the amount of THB 1,000,000 to

Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of the registered capital. Based on calculation of the transaction size, the

to the value of consideration basis, the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of June 30, 2019, which is considered as a Class 12

16% 0.87 0.71 0.75 16% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated

155.6%, arising from increase in available payment from GHECO-One, according to the Power Purchase Agreement (“PPA”) which is based on the principle that annual Availability Payment (“AP”) will not lower

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2019 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2020 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the