661 6664-5 www.indoramaventures.com Ref.No.IVL005/06/2018 29 th June 2018 President The Stock Exchange of Thailand Subject: Acquisition of Tire-Cord Business in the Czech Republic and Slovakia Indorama

growth of sale order, due to the expansion to non-automotive business in the past few years, bring us more sale order. 2. The cost of sales and services to sales ratio for the Group were 62.91% in 2nd

. Director who do not vote in the Board of Director meeting None The Board of Directors’ opinion The Board of Directors has considered that the said transaction is a general business term and reasonable, and

Analysis Report of the Financial Positions and Result of Business Operations. (Revise) To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and

AEONTS and its subsidiaries companies: Company Business Relationship with AEONTS AEON Financial Service Co., Ltd. (“AFS”) Finance -Major shareholder of AEONTS, holding 35.12% of AEONTS’ s shares AEON

Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 2 of 13 Overall Financial Performance and Profitability Business Segment 3Q 2018 3Q 2017 Change 9M 2018 9M

”. Revenue Business categories For the 3-month period ended 30/9/18 % Change Inc. (Dec) For the 9-month period ended 30/9/18 % Change Inc. (Dec) 2018 2017 2018 2017 THB mm % THB mm % THB mm % THB mm % Sales 1

. For the growth of sale order, due to the expansion to non-automotive business in the past few years, bring us more sale order. 2. The cost of sales and services to sales ratio for the Group were 71.76

from 7.4% to 11.9%, which was mostly caused by strong contribution of Epicerol® business. Gross profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net profit margin = Net Profit to

from Chiang Mai Ram Medical Business Pcl., (CMR) amount Baht 997.04 million. comparing at the same period in 2017 representing 5.60% decreased due to Social Security Office reimbursement of 2015 amount