strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7

to match customers’ need, to draw customers’ attention and to draw traffic. 2. Cost of goods sold and gross profit 3Q19 and 9M19 gross profits represented 46.47% and 43.93%, respectively. Gross profits

Section 258 resulting in an aggregate shareholding reaches or crosses the trigger points for the reporting obligation, all such persons shall file a report under Section 246. Such persons may jointly submit

listed on the Stock Exchange of Thailand. 3. In the case of two persons or more commencing a concert party relationship or the acquisition of a juristic person under Section 258 resulting in an aggregate

issued by Prime A, totaling 11 notes in the aggregate amount of Baht 1,602,049,562.19 (principal with interest as of Completion Date) to the Company, the Company has assigned the claim on the promissory

person in an aggregate amount of approximately JPY 2,050,000,000 or approximately Baht 594,953,050 (calculated based on exchange rate at Baht 29.0221 to JPY 100). 1.4 Asset Disposition Details 31 land

Company has not acquired other assets. Therefore, the aggregate value of the transaction will be equal to 27.07 percent, which is considered as a Class 2 transaction, that is a transaction that has a value

Thailand; (21) juristic person in the category of statutory corporation; (22) juristic person whose shares are held by the investors under (1) to (21), in aggregate, exceeding seventy-five percent of the

person in the category of statutory corporation; (22) juristic person whose shares are held by the investors under (1) to (21), in aggregate, exceeding seventy-five percent of the total voting shares; (23

) Stock Exchange of Thailand; (21) juristic person in the category of statutory corporation; (22) juristic person whose shares are held by the investors under (1) to (21), in aggregate, exceeding seventy