Competition 1.1 Electricity industry and Economic situation in Thailand In 2018, Thailand’s peak demand in Electricity Generating Authority of Thailand (EGAT)’s system was 28,338 megawatts, occurred on April 24
got offset by the increasing demand in the West for IVL products due to industry supply tightness as mentioned earlier. The planned maintenance shutdown of an Indonesia facility impacted fibers
and addi- tional demand of PTA, MEG and Polymers in order to fulfill existing demand which was earlier met by recy- cling imported waste PET. Inventory levels of PTA have reduced from earlier 25 to 30
even more is planned in the quarters to come. - Weak demand due to pre-buying in December 2018 thus impacting demand in 1Q19. Expectedly, margins are improving led by the demand growth in 2Q19 in
volume of electricity and steam from higher demand of industrial users as they expanded production capacities. Furthermore, IRPC Clean Power Company Limited (IRPC-CP) started Commercial Q4/2018 and 2018
there is any change in exercise price and exercise ratio under the circumstances as defined by the notifications of Capital Market Supervisory Board. The Company may adjust the exercise price and exercise
(MACO-W2) (the “Terms and Conditions of MACO-W2”), the condition of the adjustment of rights under the MACO-W2 states that the Company shall adjust the exercise price and/or the exercise ratio to purchase