Steel (Unit : Tons) Quarter 2/2016 Quarter 2/2017 % Change Production 2,407,293 1,707,444 -29.07% Import 3,526,841 2,919,975 -17.21% Export 305,541 401,355 31.36% Consumption 5,628,593 4,226,064 -24.92

. Gross Margin : Lower margin mainly from seaweed price and utilization rate The company’s third-quarter gross margin was 4 3 9 .4 million Baht or 3 1.3 percent of revenue from sales, Decreased by 4.2

) causing the Center for COVID-19 Situation Administration (CCSA) to extend the period of the emergency decree further, together with the demand for biodiesel consumption is under the expectation after the

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) and the Entry into Connected Transaction of Nation Broadcasting Corpor...

will commence operation in the third quarter of this year. With the additional capacity utilization from Phase 3, management believes the Company’s performance for the full-year 2017 will remain strong

the raw materials used decreased. And the use of higher capacity utilization rate 8.45% of total capacity compared to the same period of 2016, resulting in lower unit cost per unit. Therefore, the rate

- Immovable property rental fees : Fees depending on the location, surrounding, building condition, and utilization purpose for said assets - Movable property rental fees : Fees depending on the condition and

fees : Fees depending on the location, surrounding, building condition, and utilization purpose for said assets - Movable property rental fees : Fees depending on the condition and duration of such

Months (December 1, 2018 - December 31, 2019) Total cost : Baht 1,950,000.- Remuneration policy : Rental fees depending on the location, surrounding, building condition, and utilization purpose for said

utilization at around 90% with conversion costs matching the first quartile plants. Accordingly IVL management believes the acquisition of balance 26% stake now will help integrate the PTIP assets with other