growth of food business. For hotel business, the Company still plans to open the new hotels. However, the hospital industry in Thailand may remain under pressure due to the strong Thai Baht that adversely

-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

Fund) The overall global aviation industry in 2019, Revenue Passenger Kilometers (RPK) increased by 4.2 percent - down from 7.3 percent annual growth observed in 2018. Africa region had the highest

-6- แหล่งทีม่า: International Rubber Study Group (IRSG) ตามข้อมูลประมาณการของ The World Rubber Industry Outlook, Review and Prospects to 2028 ประจ า เดือนธันวาคม 2562 โดย International Rubber Study

ตัน ปรับลดลงเล็กน้อยจาก ณ สิ้นเดือน ธันวาคม 2562 ทีร่าว 251,000 ตนั หมายเหตุ: * International Rubber Study Group (IRSG), The World Rubber Industry Outlook, Review and Prospects to 2028, December 2019

the date fixed to determine the names of shareholders who entitle to receive JMART-W3 and JMART-W4 on 12 June 2020 (Record Date). Nonetheless, such period is still uncertain until it has been approved

to the issuer and its industry and had materially affected or could materially affect, directly or indirectly, the issuer’s financial position and results and business operations, and investments by

FACTORS 1. The registration statement shall prominently disclose risk factors that are specific to the issuer and its industry and had materially affected or could materially affect, directly or indirectly

’ future revenue growth and diverse business dependency risk on food and beverage industry to cosmeceuticals and medical business, which has positive expansion with consumers-oriented goodwill. (3) Increase

information. (2) Increase Group of Companies’ future revenue growth and diverse business dependency risk on food and beverage industry to cosmeceuticals and medical business, which has positive expansion with