Huvis Global Corporation, South Korea on June 18, 2018 to form a 50:50 joint venture limited liability company in USA, by the name of Huvis Indorama Advanced Materials, LLC. (“HIAM”). HIAM will

entered into a Joint Venture Agreement with Toyobo Co., Ltd. (“Toyobo”), Japan, on October 23, 2020 to form a 50:50 joint venture limited liability company in Thailand (the “JV”). The JV plans to build a

problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense

6.9% YoY, as a result of the adoption of TFRS16, which increased lease liability in 1Q2020 by Bt164.00mn. Total shareholders’ equity was Bt1,096.62mn, decreasing 17.9% YoY, as a result of the 1Q2020 net

result from the company has additional long-term employee benefit liability of baht 12.5 million in accordance to the labour protection Act BE 2562 that stipulates additional legal severance pay rates for

Responsible for sales at Baht 50 million - Trading products group Responsible for sales at 35 million. With the target sales. The Company takes into account product liability and quality in competition with

July 2020, the company has used the power of the Board of Director to reallocate THB 20 Million from Establish Subsidiary in Canada to Debt repayment purpose. Resulting in 50.59% reduction in liability

customer. 4.2 Liabilities The total liability in the first half of 2020 was decreased from the end of 2019 by Baht 80.03 million or 22.11 percent. Significant changes included Bank overdrafts and short-term

could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction. 4. New policy on allowance for obsolete inventories Inventory from 1 year and above and

Financial Reporting Standard No. 16 : Lease (TFRS 16), effective 1 January 2020, has impacted the Company and its subsidiaries’ financial statement in recognizing a right-of-use asset and a lease liability in