assets or services, whose transaction size calculated from the maximum value of the transaction is 35.22 percent of net tangible assets of the Company, based on the consolidated financial statement of the

assets or services, whose transaction size calculated from the maximum value of the transaction is 35.22 percent of net tangible assets of the Company, based on the consolidated financial statement of the

assets or services, whose transaction size calculated from the maximum value of the transaction is 35.22 percent of net tangible assets of the Company, based on the consolidated financial statement of the

รพัยท่ี์มีตวัตนสทุธิของบริษัท (Net Tangible Asset : NTA) NTA* = สินทรพัยร์วม – สินทรพัยไ์มม่ีตวัตน – หนีส้ินรวม –สว่นผูถื้อหุน้ท่ีไมม่ีอ านาจควบคมุ (ถา้มี) = 772,518,263 – 1,145,709 – 361,952,014

issued shares in the Subsidiary in accordance with the Acquisition and Disposal Notification are as follows: Calculation of net tangible assets of the Company (as shown in the consolidated financial

promoting market conduct as an organizational culture; (2) product development that is suitable for customers and sales staff abilities, as well as sales channels, operational systems and control; (3

Exchange Commission No. Sor Jor. 40/2558 Re: Granting of Approval of Financial Advisors and Their Scope of Work (No. 2) dated 10 July 2015 (effective on 20 July 2015). 5 (3) having the operational rules and

quality of the Company. Ac- quisitions made over the past several quarters and the relentless focus on operational excellence have contributed incrementally in enhancing the core EBITDA of the Company and

aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and

consolidated financial statements of the Company as of 31 March 2017). Details of the calculation are summarized below. Evaluation Criteria 1. Comparison of Net Tangible Assets Net tangible assets of SGAH x