from November 2019. The Regulations and Notifications to make the Act operative is expected to be announced in the next few months. • The Government has also announced to impose anti-dumping duty on
US$ as it believe that the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. Definitions Core EBITDA is after
the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. Indorama Ventures 1st Quarter 2019 MD&A 12 List of Tables
in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. Indorama Ventures 1st Quarter
the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. Indorama Ventures 2nd Quarter 2019 MD&A 14 List of Tables
where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given where needed. Readers
of the financial statements. In addition, TIES neither compared the purchase and sale prices of the related party transactions to market prices, nor explained whether or not the price differences were
neither compared the purchase and sale prices of the related party transactions to market prices, nor explained whether or not the price differences were reasonable.Later, TIES requested for postponement of
prices of the related party transactions to market prices, nor explained whether or not the price differences were reasonable. The SEC thus instructed TIES to rectify the financial statements according to