. • Interest costs were lower thanks to lower benchmark rates. Taxes were lower due to lower contributions from the USA business, which impacted the regional mix. Indorama Ventures 2nd Quarter 2020 MD&A 2

construction of the new Latkrabang factory was completed and production capacity of Phase 3 was partly expanded, which led to solid revenue growth and profitability. We still experienced a number of challenging

quarter of the previous year and increased by 8.6 percent from the quarter 3/2017. The total revenue from sales of the year 2017 was 5,263.6 million Baht, increased by 11.9 percent because of the new

which increased by THB 92.1 Mn (although this was mostly a result of new TFRS accounting standard), (2) Financial Cost which increased by THB 15.3 Mn (3) Trade and other Current Payables which decreased

increased flight frequencies in Bangkok-Phu Quoc route to 5 flights weekly, Bangkok- Vientiane route to 14 flights weekly. Additionally, new route service has been started from Chiang Mai – Hanoi with seven

route to 5 flights weekly, Bangkok- Vientiane route to 14 flights weekly. Additionally, new route service has been started from Chiang Mai – Hanoi with seven flights per week staring from March 2018. For

4Q21, AIS Fibre also created a new standard for the home internet market with the launch of lightning-fast services at the 2Gbps level, which meet the needs of customers seeking the highest quality

loss from one-time expenses of THB 180mn from 1) impairment of assets, 2) loss on disposals/write-off of assets and 3) an adoption of new accounting standard (TFRS 16). This consequently led to the

THB 10 million Shareholder structure before and after the transaction: Shareholders Existing shareholders New shareholders No. of Share % Holding No. of Share % Holding Nation International Edutainment

expansion of domestic construction industry and the growth of new Shopping complexes and renovated stores, together with the turnkey projects balance brought forward from Q4/2017 completed and recognized