is not a connected person of the Company under the Notification of the Capital Market Supervisory Board No. TorJor. 21/ 2551 Re: Rules on Connected Transactions dated 31 August 2008 ( as amended) and

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market

9 9. Source of Investment Capital The source of funding for the acquisition of ordinary shares of COMASS will come from the Company’s working capital and loan granted from a financial institution. In

reflecting management actions on working capital optimization and extract efficiencies. Net working capital reduced by three days over last year. The Thai Baht strengthened 7% yoy and adversely affected

Baht 1,810 million last year mainly due to waiver of interest of Baht 5,506 from creditors consequent to conversion of the Debt to Equity, Gain from capital reduction in Subsidiary Baht 1,130 million and

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

under this Chapter shall comply with the following rules: (1) being a public limited company established under Thai law; (2) meeting all qualifications prescribed in the notification of the Capital Market

new share of CCPH. As a result of the Transaction, the Company and Kinpo Group shall hold the shares in CCPH at 19.19% and 80.81% of the total issued shares (after the increase of capital) respectively

13.35 million by using working capital of the Company. The above three sellers do not have any relationships with the Company, shareholders or managements of the Company. The aforementioned transactions

year was being an exclusive business partnership with AIS, the No.1 mobile network operator in the country in order to sell SIM cards and mobile packages, has already cooperated since the fourth quarter