to the expansion of power generating capacity after start-up of IRPC-CP (Phase 2) and ISP1 in Q4/2017” Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018

provide effective oversight and investigative capacity which will need to be appropriately funded. The ability to attract staff on competitive terms will enhance the quality and independence of supervision

capacity of 1.1 million and 1.3 million metric tons per year of PET and PTA, respectively. The three JV parties will each receive one-third of the capacity of PTA and PET produced. Each of the partners will

& Compliance Management 4. Regional Payment & Settlement 5. Data Analytics 6. Cyber Security 7. Performing Talent and Agile Organization 8. Modern World Class Technology Capability STRONG TRUSTWORTHY BRAND

50% of the earnings, making it the single larg- est segment, and provides IVL the ability to capture a larger portion of the value chain as well as re- liably meet customer needs across geographies

supported by our cash van strategies which have extended our distribution capability to cover more than 320,000 retailers nationwide via our 31 distribution centers and a sizable fleet of 337 cash vans, as of

-month periods ending 30 June 2017, respectively Our domestic market growth is also supported by our cash van strategies which have extended our distribution capability to cover more than 320,000 retailers

investment in 3 biomass power plant with total generating capacity of 26.9 MWs, by the disposal of ordinary shares in its three subsidiaries of UWC and the transfer of claims in relation to outstanding loans

personal expenses and the depreciation because of the expanding capacity of subsidiaries. Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director

operations & Administrative expenses increased by Baht 97.94 million or 6.79 % due to the Medical personal expenses which was in line with the increased revenue,also increased because of the expanding capacity