results and its translation into US Dollars at average exchange rates and closing exchange rates where applicable. Readers should rely on the THB results only. IVL has presented the analysis in the MD&A in
1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand
เปล่ียน โดยกำรเช่ือมต่อจะใชรู้ปแบบ แบบ Native แบบ Dual Stack แบบ Tunneling แบบ Translation ไม่มีแผนท่ีจะเปล่ียน โปรดระบุเหตุผล___________________________________________
TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. 2 13
TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference
to in the registration statement may be inspected. Exhibits and documents on display generally, if not provided in English, either an English translation of the full text or a summary thereof shall be
. Gain (Loss) on Exchange Rate • Recorded Loss on Exchange Rate at Baht 26 million in Q2’2019 and Baht 15 million in 6M’2019, primarily attributable to an unrealized loss from the currency translation on
gains on available-for-sale investments increased by Baht 4,397 million while losses on translation of the financial statements of foreign operations rose by Baht 4,058 million. V3 22/08/62 13 Contingent
of Baht 3,716 million (Baht 2.00 per share), a decrease of Baht 8,730 million in revaluation gains on available-for-sale investments and the loss on translation of the financial statements of foreign