has been significantly completed as of 4Q18 • Major renovations comprises 1.) CentralWorld, which has been ongoing in phases since 4Q16, has been significantly re-developed as of 4Q18. At the end of

Sheet but also provides it the necessary resources to pursue its inorganic growth strategy. The net debt to equity ratio has reduced to 0.80 despite acquisitions completed in the first three quarters of

July 2016 onwards until the payment is completed to the plaintiff. The court fees in the appeal are folded.” After the Court of Appeal has a verdict, the defendant requested to submit an appeal to the

, to name a few. Preparations for the renovations are underway and will be progressively completed in 2019. • Minor renovation at 3 shopping malls namely 1.) CentralFestival Pattaya Beach 2

warrants shall be completed within six months from the date on which the Office notifies its approval or within the period waived by the Office but not exceeding twelve months from the date on which the

, at a price of Baht 1,157.01 per share, totaling Baht 160.00 million. Therefore, the total investment for this acquisition transaction equal to Baht 760.00 million. After the transaction completed, the

Development programs, completed the hiring of a Chief Strategy Officer and a Chief Human Resources Officer and formed the Indorama Management Council. Indorama Ventures 2018 MD&A 5 349 381 740 35 34 51 384 414

is completed. Subsequently, after the capital increase, the Company shall dispose 90,000 preference shares, with the par value of THB 10 per share, equivalent to 47.37 percent of the total shares in

million mainly from (i) lower finance costs of THB 624 million or 39% from Q2/2019 due to partial repayment of bridge loan using proceeds from the Right Offering (RO) completed in Q4/2019 and (ii) lower

slow in the foreseeable future as financial institutions sort through their rising credit costs. It should be noted that demand for new cars does not reduce but actual sales reduced due to more limited