-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

volume dropped significantly as a result of China’s lockdown. Moreover, the COVID-19 outbreak considerably affected the economies of trading partners and brought about supply chain disruptions. Domestic

and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. 3 For 2020, the Thai economy is projected to contract significantly due to (1

handling added. Significantly Summary of changes in proportion as follows Cost of service for the company for the year Ended December 3 1 , 2 0 1 8 and December 3 1 , 2 0 1 7 , equal to 1,454.70 million baht

Currently there are more than 200 branches nationwide. Since the steel coil is the main raw materials that have significantly contribute to fluctuations of the global steel price. In a certain situation, the

94.5 million Baht or equivalent to 3% and 90% of total cost, respectively. In the year 2019, cost of goods sold significantly increased by 275. 8 million Baht or increased by 94% when compared with the

margins. As a result, the increase in total operating expenses in Q2-2017 was higher than the increase in total revenue. The profit of Q2-2017 was significantly lower than those in Q1-2017 due to the

vs. total revenue has increased significantly. The main factors behind this unwelcome trend was a jump in fuel (petroleum coke) prices, and increased manufacturing cost of machinery equipment. However

transaction. Furthermore, such transactions should contribute the Company‘s further benefit. Opinions by the Audit Committee and/or Director significantly different from those by the Board of Directors : -None