. Telecom Co., Ltd. has Mr. Jirasak Prempojwattana as its authorized director and ultimate shareholder holding 99.99 percent shares. The current registered and paid-up capital is Baht 100 million. (3) General

. Telecom Co., Ltd. has Mr. Jirasak Prempojwattana as its authorized director and ultimate shareholder holding 99.99 percent shares. The current registered and paid-up capital is Baht 100 million. (3) General

Portion”), which the Company must utilize for the repayment of debts owed to Mahachai Steel Center Co., Ltd. and Mr. Nirum Ngamchamnunrith (the “Mahachai Group”) (Mr. Nirum is a majority shareholder of

paid-up capital in GS through indirect holding in HECH and holding directly in GS. And when GS has earning per share not less than an agreement, the Company will purchase additional 69,114 shares for the

hold 40 percent of total paid-up capital in GS through indirect holding in HECH and holding directly in GS. And when GS has earning per share not less than an agreement, the Company will purchase

mentioned in clause 1) and 2) , the Company will hold 40 percent of total paid-up capital in GS through indirect holding in HECH and holding directly in GS. And when GS has earning per share not less than an

AG (Vienna House) acquired shares in Vienna House (Thailand) Company Limited, a JV company between Vienna House and Absolute Hotel Services Co., Ltd (AHS) with a 30:70 stake, respectively to facilitate

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE YEAR ENDED DECEMBER 31, 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE YEAR ENDED DECEMBER 31, 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials

หุนรอยละ 99.99 ของหุนที่จําหนาย ไดแลวทั้งหมด) และ/หรือ บริษัทยอยอ่ืนที่บริษัทฯ ถือหุนไมวาจะเปนทางตรงหรือทางออม ไมต่ํากวารอยละ 99 กับ Singha Property Management (Singapore) Pte. Ltd