business registered a lower EBITDA in 4Q19, as a sharp decline in margins offset an increase in volumes. The margin decline was driven by the unwinding of accumulated inventories in China during the quarter
institutions in Australia and incurred the unwinding cost in the amount of Baht 3,058.60 million. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 16 6
financial institutions in Australia and incurred the unwinding cost in the amount of Baht 3,058.60 million. 5.3.5 The Company paid for interest expenses in the amount of Baht J,214.39 million. 5.3.6 On May 3
selling and administrative expenses by THB 170 million or 28% due to provision of employee's severance pay corresponding to revision of the Labour Protection Act of GLOW and unwinding costs of FX forward
swap contracts with financial institutions in Australia and incurred the unwinding cost in the amount of Baht 3,058.60 million. 4.3.5 The Company paid for interest expenses in the amount of Baht 1,354.41
to the lowest level since August 2017, due to global equity markets continued declining, led by China as ongoing concerns over global trade frictions dampened sentiment. While unwinding position of
closing formalities on the acquisition of Longlaville Durafiber Technologies (DFT) SAS on October 5th, 2017 and taken charge of the plant. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy
Portugal, IVL would like to inform that it has completed all closing formalities and taken charge of the two assets on November 29th, 2017. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy
closing formalities and has taken charge of the operations effective on May 24th, 2018. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury) Company Secretary