number of LED lighting luminaires to an Australian Retail Chain to replace the less energy efficient ones in order to conserve energy, but this year the Retail Chain had delayed the investments. Profit for

Baht 31.1 million Y-O-Y due primarily to lower sales delayed to 2nd half year of 2019, and a cost adjustment for employee benefits amount Baht 6.3 million (partially out of the said provision Baht 23.7

million, results include the planned River Wing renovation works which significantly reduced available room inventory for sale. The target opening in October 2019 has been delayed, however the risk

% (3.4%) Other income - 1 (1) Selling & Admin expenses 29 27 2 7% 6.2% 7.0% Expense from delayed project 57 (57) Finance costs 13 14 (1) -7% Income tax expense 3 (1) 4 Profit for the quarter 9 (109) 118

support participants to combine ?science? and ?art? in creation of value added products and services, and will become a key economic driver.Vorapol Socatiyanurak, SEC Secretary-General, said that ?The

as follows: The entering into the Marketing Support Service Agreement between Dream Islands Development 2 Private Limited ("DID 2") (a subsidiary of the Company having 99.99 percent of total issued and

information on the financial support to G Steel Public Company Limited (“GSTEL”), the Company’s major shareholder. This financial support was deemed as a connected transaction according to the Notification of

No. 4/2020 of Indorama Ventures Public Company Limited (“IVL” or the “Company”) held on 13th May 2020, has approved the granting of financial support by way of providing guarantee or Standby Letter of

2020 MD&A 6  We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement

redundancy, and to save cost and expense in the long term. The Company has also adjusted CAPEX plan and delayed the new investments, for example, the JV with ORI, the JV with MPIC, and the luxury villa