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

follows: - Translation - Page 3 of 6 (1) Club and international football match sponsorship fees: Club and international football match sponsorship fees, recognized as expenses in accordance with payment

follows: (1) Club and international football match sponsorship fees: Club and international football match sponsorship fees, recognized as expenses in accordance with payment terms, economic benefits and

of long-term loans from bank, payment for the construction of the headquarter, training and distribution center and the expansion of the factory and new branches. Page 4/5 Short-term Investment As at

, training and distribution center and the expansion of the factory and new branches. Short-term Investment As at 30 September 2017, the Group had short-term investment of THB 462.41 million which consisted of

from the main repeat customer who requested the company to prepare the training courses, uniforms and all security equipment for the hired employees. Therefore, the company had all those expenses in Q3

[!%* +.S. 2542 ̀*!*"P%\L)K$"P%.'* 20 7 c!" '.`$ d !4 '$ +]+M$` Financial center ,"* financial network .' SP"'* +M$*'(/ #S %.'+]'#()* #[/+ ()% .' (.% '#$ \$" \R !"/, #$$" *'# .'+] P.' #) • * Training

ชอบทุก 2 ป โดยดานหลักทรัพยกําหนดใหผูติดตอฯ ตองเขาอบรมกับสถาบันฝกอบรม หรือ in-house training อยางนอย 15 ช่ัวโมง สวนดานสัญญาซื้อขายลวงหนากําหนดใหเขาอบรมกับสถาบันฝกอบรมที่สํานักงานยอมรับ

include experience, for example, education, employment record, affiliation, job positions, work experience, test/training records, certification numbers of locally certified public accountants/international