interest, whether directly or indirectly, of the person preparing such article or research paper in underwritten securities, provided that such statement shall be distinct, easy-to-read, and not smaller in

or research paper in underwritten securities, provided that such statement shall be distinct, easy-to- read, and not smaller in size than the regular font used in such article or research paper, and

operations. Directors, executives, and employees, as well as related parties of the agencies under supervision, whereby the SEC Office has supervised and inspected the risks related to their business

has arranged an efficient disclosure system to ensure that the material information on REIT has been disclosed correctly and completely, and REIT manager has supervised the compliance with such

areas such as Digital and Business Continuity to provide best in class support to our business segments. Our recent leadership re-organization, 16 distinct business verticals within 3 business segments

Changes in Computer Systems relating to Trading Services with respect to Derivatives __________________ Clause 27 To ensure that the overall business operation of a derivatives exchange is supervised in an

business verticals. Indorama Ventures 1st Quarter 2020 MD&A 6 Fibers Our fibers segment is distributed into three distinct verticals which are Hygiene, Mobility and Lifestyle. Our product offerings are to

subsidiaries is disclosed accurately and completely, and has supervised compliance with such disclosure system; (3) The Company has provided an efficient internal control system, supervised compliance with the

Ventures 2nd Quarter 2019 MD&A 8 Following the successful launch of Mobility vertical we have reorganised the remaining Fibre business into two distinct verticals by reorganising 24 sites in 10countries into

Settlement Services with respect to Derivatives __________________ Clause 38 To ensure that the overall business operation of derivatives clearing houses is supervised in an orderly, effective, and timely