be lower than expected due to weakness in MEG margins (high inventories and new capacity additions) and low ethane-ethylene spreads in USA. Indorama Ventures 1st Quarter 2019 MD&A 9 Specialty Chemicals
by low core ROCE for EMEA region and EBITDA/t due to transition year of Artlant PTA and Egypt PET acquisitions made in last six months undergoing startup/ramp-up. Improvement in West PTA and PET
requirements under this Notification in order to instruct appropriate and corresponding practicality. In case of having complied with such guideline, it shall be deemed that the intermediary has already complied
not necessary for some types of capital market products; (3) announcing a detailed guideline for the benefit of compliance with the requirements under this Notification in order to instruct appropriate
issuance and offering of newly issued shares as it deems appropriate, including but not limited to the following matters: (1) To determine or to amend details, methods, any other relating conditions
and the treatment of subscription rights not exercised. 5. A full description of the manner in which results of the distribution of securities are to be made public, and where appropriate, the manner
-term Short-term Long-term Short-term Long-term Short-term Investment Grade Highest Credit Quality - exceptionally strong capacity for payment of financial commitments AAA A1+ A1 A2 A3 Aaa P1 P2 P3 AAA F1
loan, accrued as at the Closing Date. In this connection, the Board of Directors’ Meeting deemed it appropriate to propose the Shareholders’ Meeting to consider authorizing the Chief Executive Officer or
the record date of such meeting, upon any members of executive committee (its agent), managing director (its agent) to the extent that it is appropriate and necessary within the scope of laws