., Ltd. (“WCIG”) decrease from last year because the company changed in business model from company owned to franchise model since 2017. In addition, due to highly competitive (both direct and indirect

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

will remain to be a subsidiary of the Company. 2. Effects on the market price of the Company’s shares (Price Dilution) The offering of shares by UAPC shall not cause any direct effect to the market price

Indorama Ventures Public Company Limited (“IVL” or the “Company”) would like to inform that it has, through its direct subsidiary, Indorama Polyester Industries Public Company Limited (“IPI”), Thailand

time, the Board of Directors considered of the investment in IGE in IGE will provide direct benefit to the Company as the Company operating in providing and installing both high and low electric voltage

at Thilawa Special Economic Zone , business type is a shop fabrication, field installation and erection of steel products. . Relationship to the Company : direct and indirect subsidiary company

, Mr. Veerachart Losiri is direct and indirect shareholder of the Company equivalent to 22.34 of the total issued shares of the Company. The transaction of purchase the machine with PAE PACK regarded as

. Veerachart Losiri is direct and indirect shareholder of the Company equivalent to 22.34 of the total issued shares of the Company. The transaction of purchase the machine with PAE PACK regarded as the

save both direct and indirect costs. Thus, the Company can focus and increase the proportion of production and distribution of Gravure sack packaging. In which the customer group is at the top level It

Transaction Parties Finance supporter : G J Steel Public Company Limited (“Company”) Finance receiver : G Steel Public Company Limited (“GSTEL”), which holds shares in the company, both direct and indirect