administrative expense was increased from the same period of the year 2019 in an amounting of Baht 5.27 million or 19.21 percent. Due to the Company change the concept to set up Management’s discussion and

first traded on the SET (Silent Period). Nonetheless, ACO I may sell not more than 25 percent of the said lock-up newly issued ordinary shares after the newly issued ordinary shares of the Company have

ordinary shares of the Company are first traded on the SET (Silent Period). Nonetheless, ACO I may sell not more than 25 percent of the said lock-up newly issued ordinary shares after the newly issued

of the B20 and B10 diesel with special grade within Bangchak service stations to increase availability coverage. The company developed the “Bangchak Hi-Diesel B20 S” and “Bangchak Hi-Diesel S B10

paid-up shares held by the Company) and/or other subsidiaries in which the Company directly or indirectly holds not less than 99 percent of the total issued and paid-up shares, and Dream Islands

and discuss with the Stock Exchange of Thailand (the “SET”) and the Securities and Exchange Commission, to seek for the conclusion of whether the Company needs to propose the transaction of providing

Exchange of Thailand (the “SET”). In entering into Komchadluek Business and Trademark Acquisition, the Board of Directors of the Company (excluding the directors those who have vested interest) considers

578,108 578,108 0 -8-   (4) Investment in associated company The Company has entered into a joint venture agreement with Otani (s) Pte. Ltd to set up a company called “Genco Otani Company Limited”(GO) in

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

IFA Jay Capital Advisory Company Limited SET The Stock Exchange of Thailand SEC The Securities and Exchange Commission Notification of the Acquisition or Disposition Notification of Capital Market