the Securities and Exchange Commission, the Stock Exchange of Thailand, The Capital Market Supervisory Board, and other related laws. Signed ………………………………………………… Acknowledge (Mrs.Warangkana

the contribution from the HVA business of $540 million reflecting margin recovery in the Necessities industry. IVL is strongly positioned for the current market environment, enhanced with Necessities

repayment from the joint venture. 3. Decrease in investments in available-for-sale of THB 227.1 mm, mainly from decrease in market capitalization of property funds and REITs after the market price decreased

17.1% 0.2% Property, plant and equipment 4,365 35.8% 4,300 37.2% 1.5% Prepaid rental of land and bulidings 837 6.9% 821 7.1% 1.9% Others non-current assets 1,809 14.8% 1,382 11.9% 30.9% Total non-current

, this restructuring transaction is not subject to the regulation of the acquisition or disposition of assets pursuant to Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules

2019, the Company spent THB 2,060mn on capital expenditure and investment, primarily in investment properties, property, plant & equipment purchased and investment in subsidiaries. CASH FLOW (THB mn) For

Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation

transaction under the announcement of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Significant Transactions deemed as Acquisition or Disposition of Assets and the

the Capital Market Supervisory Board No. TorChor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets, and the Notification of the Board of Governors of

. The Company also provides the necessary tools and equipment for all associates for disease prevention. Moreover, the Company has put in place travel and meeting restrictions in compliance with social