baht due to expenses of 5 subsidiary companies, which increased from the previous year, in total amount of 19.19 million baht due to being in the 6 beginning and expanding period. Expenses of GWM

share, equivalent to 99.9333 percent of total ordinary shares sold (“Spring”), which is the holder of a license to use the spectrum to provide digital terrestrial television services as a national

Baht 93,000 million in total. In entering into the acquisition, the company had obtained short-term loan from financial institutions and shareholders to make the payment to ENGIE Global Developments B.V

shares of KPN Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop

Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden

ordinary shares of S-TREK in the proportion of not exceeding 51 percent of the total issued shares of S-TREK by purchasing from the existing shareholder i.e. Mr. Jirasak. Those are the reasons why the

continuously support and grow together with us. Commercial operation of ABPR4 From a total of 3 SPP power plants in Amata City Industrial Estate that have scheduled COD in 2018, ABPR4 is the second gas-fired

due to the higher demand for Natural Fatty Alcohols from its lower price (from the hike in price in beginning of 2017 ), which followed the down trend of crude palm kernel oil (CPKO) price. In addition

several relief measures being rolled out by the government. Since the beginning of the outbreak, the Company has committed to support and operate in compliance with the government’s measures and orders

2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5