which evaluated by company management. 8. The Benefits Expected to be Received by the Company Since the company manufactures paints for industrial use, most of the company's products are sold to

region with most production was Asia (including China, but not including the Middle East) 576.8 million tons, an increase by 4.8% from the same period of previous year; where China alone had crude steel

increase by 5.6% compared to the same period in 2016. The region with most production was Asia (including China, but not including the Middle East) 876.3 million tons, an increase by 5.6% from the same

effective system to prevent such conflict; and (b) the most recent financial statement of the applicant shall be audited with an opinion of auditor approved by the SEC Office. 6 Amended by the Ministerial

extend tenors. Most Innovative Bond Deal Award from The Thai Bond Market Association In 21 February 2019, BGRIM was awarded the Most Innovative Bond Deal from The Thai Bond Market Association. This is the

operation, - Translation - Page 8 of 9 interest on debentures of approximately THB 16 million, and, most of the remaining amount, interest related to liquidity management. In 1H/2019, financial expenses were

. The region with most production was Asia (including China, but not including the Middle East) 1,000.1 million tons, an increase by 6.3%, The second most producing region was the European Union (EU

region with most production was Asia (including China, but not including the Middle East) 1,341.6 MT, an increase by 5.7%, The second most producing region was the European Union (EU), with 159.4 MT

the sales of products. Therefore, the Corporate Group has established policy on market expansion and domestic channel development to achieve the most efficiency, as well as production cost management

achieve Asset Full Potential. Indorama Ventures 1st Quarter 2020 MD&A 2 We took quick and decisive actions to align our production volumes in sync with demand for most of our products (such as hygiene