คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 11 August 2020 Re: To clarify the financial statements as of 30 June 2020 To: President The Stock Exchange of Thailand WHA Corporation Public Company Limited (the

June 2020 To : The President The Stock Exchange of Thailand Bangkok Chain Hospital Public Company Limited (the “Company”) would like to report the operating results for the second quarter ended 30 June

analysis report of the financial positions and result of business operations differences more than 20% compare to the previous year. To : Board of Governors and the President of The Stock Exchange of

-7% Inventories 989 1,044 -5% Other current assets 177 180 -1% Total current assets 2,029 2,106 -4% Property, plant and equipment 2,183 2,071 +5% Goodwill 243 - - Investments in joint venture 53 53 -1

Ref. No. IVL 002/11/2018 Nov 8, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama

. บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน) Management’s Discussion and Analysis | 3 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating Performance Table 1

% -24% Reversal of allowance for gain/(loss) from impairment of assets (101) (78) - N/A N/A Share of profit (loss) of associate 18 324 92 422% -72% Profit before finance costs and income tax expense 3,035

of the estimated useful lives of assets in separated financial statements are as below; Separated Financial Statements Type of Assets Estimated useful lives of assets (year) From 2011 until 2019 From

characteristics: (1) not aiming to seek benefits through speculation; (2) mitigating risks for the overall investment of funds; (3) mitigating general risk and specific risk for the hedged assets; (4) mitigating

Ref. No. IVL 007/05/2018 May 10, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama