Tender Offer for all Securities in Thai British Security Printing Public Company Limited, Increase of the Registered Capital, Allocation of the Newly Issued Ordinary Shares to the Company’s Existing

Capital, Conditional Voluntary Tender Offer for all Securities in Thai British Security Printing Public Company Limited, Increase of the Registered Capital, Allocation of the Newly Issued Ordinary Shares to

increase in sales mix of To Go products, which usually have lower gross profit margin than dine-in products. EDITDA and EDITDA margin • The Company’s EBITDA in Q1/2021 was THB 57 million, decreased by THB 1

of transactions: - The National Bank of Cambodia (NBC) issued the new circulars regarding increase the minimum capital requirement of financial institutions and capital injection will be used for

the parent) of Baht 258 million and earnings per share of Baht 0.13 for 1Q2018, an increase of 14% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 226

facet of this structural change was corporate governance reform. Indeed, the years since the Asian financial crisis of 1997 have seen many countries in Asia enhance and transform corporate governance

increase of 4.3% YoY or THB 60mn from the same period last year. The revenue growth attributions predominantly were (i) an increase in 566 keys hotel keys during the year, including VHE Leipzig, VHE Chopin

share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the

develop condominiums together will ultimately enhance the Company’s competitiveness and to expand the development of the project together with increasing of market share for the company in order to achieve

Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 1st Quarter 2018 Best Performance Since IPO  Core EBITDA of $326 million – 49% increase year-on-year  Core