liquidity risk of operating cash flow under the COVID 19 situation. In addition, the Company has received soft loan facility of 5,000 million THB from Government Saving Bank in Thailand and 68 billion MMK

with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains cautious in

the entire IT industry. Management Discussion & Analysis Q3/2023 3 I 10 Commercial sales increased by THB 120.95 million. The increase is attributed to the improving pandemic situation. As the COVID-19

, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains cautious in expanding high-risk loans. As

2017 to $92 in 3Q 2018, driven by tight PTA supply/demand situation, despite increased Paraxylene prices. Although IPA margins have weakened substantially, West Feedstock core EBITDA remained steady at

Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and business operation, as the Company has continuous loss. Thus, the Company considers the business

channel, dated 10 May 2019. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and

subsidiaries’ performance by Business unit 1.) Refinery and Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude Oil Price Q1/2017 Q4/2017 Q1/2018 YoY QoQ AVG AVG MAX MIN AVG % % Dubai (DB

foreign company. “holding company” means a foreign company whose core business is holding shares of other companies and none of significant manufacturing, distribution or service. “Thai company” means a

structured notes: (1) companies whose shares are held as the core investment by trusts in the minimum ratio in accordance with the requirements of the Notification of the Capital Market Supervisory Board