approved the loan of 85,000,000 baht to Orn-Uma Construction Limited Partnership and P. Price Supplies and Construction Co., Ltd. The Appeal Court also sentenced 22 others, with details as follows:(1

บริษทั แฮลเซ่ียน เทคโนโลยี ่จ ำกดั (มหำชน) HALCYON TECHNOLOGY PUBLIC CO., LTD. 41 Moo 14 Bangchan Industrial Estate Soi 6, Serithai Road, Minburi, Bangkok 10510 Tel. (66)2-9063242-50 e-mail: info

”) Buyer: Kinpo International Ltd. (“KPI”) Type of fixed asset 3 sets of modular high speed placement Averaged 8 years of lifetime and 5.1 of used year Transaction date March 2019 Transaction amount USD

sales from the Company, the subsidiary in the Philippines (Halcyon Technology Philippines Inc. or “HP”) and the subsidiary in Vietnam ( Halcyon Technology Vietnam Co., Ltd. or “ HV” ). After eliminating

procurement process. In 2018, the Company delivered the large-scale projects with a value of more than 100 million baht such as a project of mobile signal and high-speed internet in a border area, a project of

, reflected from the Bank of Thailand (BOT) signal in considering the possibility of increasing the policy rate, as well as rising financial market rates. However, the Bank in-house research still expects that

current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

has also prompted the Federal Reserve and other major central banks to signal that no more rate hikes will be seen over the remainder of this year. In Thailand, most major economic indicators were on

memorable. 3.2 Business trends of the Company Thailand’s economic has a clear recovery signal in 2017 and was expected to grow continuously in 2018. Reflecting to Thai’s Gross Domestic Product (GDP) where the