, 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

Timeframe of Completed Transaction Within 1 April 2020 (7) Criteria Used in Determining the Value of the Transaction and Total Value of Transaction The total value of the transaction is Baht 407,945.60, equal

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

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

has been growing steadily due to the continued economic stimulus of the government and the economic pressure in previous year both from domestic and international have been reducing its negative impacts

Bt2,620.0 million was of the investment in expansion of the Northern Multi-Products Fuel Pipeline project and the expansion of the High Pressure Aviation Fuel Pipeline project for BKK phase2 of TARCO - Net

ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an

Vietnam, which demonstrated the strongest GDP growth in ASEAN with an estimated growth at 1.6%2 in 2020. On the domestic side, Thailand’s economic outlook remains uncertain due to pressure on both the