projects under implementation.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 2Q17, IVL achieved core ROE of 18.2% and a core ROCE of 12.6

relevant include the level of borrowings at the end of the period covered by the financial statements and the maturity profile of borrowings. 4. Disclose information about the issuer’s material commitments

1Q18; 10% in 4Q18). The decline in earnings of the segment on YoY basis was mainly due to depressed IPA margin as production level increased and feedstock prices also increased. PET HVA continues to

margin was 7% (19% in 1Q18; 10% in 4Q18). The decline in earnings of the segment on YoY basis was mainly due to depressed IPA margin as production level increased and feedstock prices also increased. PET

significant debts. So, the company plans to dispose of its investment in the Spring since the beginning of the year 2018 to reduce capital burden and expenditure of the company to be at an appropriate level and

experience in the steel industry at the international level. Moreover, one of the Synergy team members, i.e. Sudhir Maheshwari, has successfully revived the financial status of several companies with a similar

stipulated under the first paragraph, it shall be taken account of nature, scale, quantity, complexity and diversity of businesses and services, as well as acceptable level of risks relevant to such businesses

out in this information memorandum with prudence in order to ensure that such information is correct, complete, contains no false statement, and does not mislead any third party as well as omission of

actions that maybe detrimental to the general public, or capital level lower than regulatory minimum requirement. These also include cases where financial institutions are placed in the control of the

acceptable level on a continued basis by clarifying significant risks. In this regard, the Company may disclose the full version of the policy, operational framework and risk management plan on the Company’s