(Microsoft Word - MPIC - 4150514765052264 E) -Translation – MPIC 013/2018 August 8, 2018 Subject: Notification of the investment in the distribution company in Cambodia Attn: The President The Stock

from 79.01 Million Baht to 74.65 Million Baht or 5.52% due to cancellation of licensor distribution and manufacturing. This affects extensive project cannot apply tender as a results. 2. The Company’s

Distribution cost 24.33 5.15 22.31 5.69 2.01 9.03 Administrative expenses 47.46 10.05 44.71 11.41 2.74 6.14 Financial cost 0.69 0.15 0.93 0.24 -0.24 -25.66 Profit (loss) before income tax expenses -31.11 -6.59

-0.01 -0.12 5.08 119.96 21.16 -2.64 23.80 -899.95 Other revenues 4.47 4.47 2.46 0.01 0.13 2.01 81.71 13.10 6.92 6.18 89.24 Distribution cost 5.97 5.69 7.43 0.29 5.04 -1.46 -19.68 18.21 13.38 4.84 36.17

around US$2.2B in Mar21 and operating cash flow of US$201M in 1Q21, IVL is well positioned. During the quarter, net debt reduced by US$148M with improved performance. Our net operating debt to equity has

plots of land owned by the Company consisting of land in 4 title deeds totaling an area of 6-0 -66 .4 rais situated on Rama III Road, Alley 47, Bangpongpang Sub-district, Yannawa District, Bangkok (“the

, detergents, etc. Therefore, VAVA will not compete with the Company and VAVA will stop production and distribution of flexible packaging products within 3 months from the date that VAVA will purchase newly

and installation of the pipeline 239.05 248.60 (3.84) Income from water production and distribution 31.25 24.31 28.55 Income from installation and distribution of water production systems 3.40 25.03

district, Bangsue area, Bangkok. The purpose is to be exhibition and public relations center; to educate on Vanachai Group product knowledge, to be the Vanachai Group distribution center, and to be the

) (70.9 %) 2.7 % Gross Margin 364.5 28.0 % 374.4 29.1 % (2.6 %) Distribution Costs (197.2) (15.1 %) (148.8) (11.6 %) 32.5 % Administrative Expenses (63.2) (4.9 %) (57.9) (4.5 %) 9.0 % Profit before Income