assumes no responsibility for the economic and financial soundness of the transactions contemplated by this Prospectus or the quality or solvency of the Issuer. Application has been made to the Luxembourg

past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful accounts is adequate in the current circumstances

outstanding debts and the prevailing economic condition. Management believes that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) and the Entry into Connected Transaction of Nation Broadcasting Corpor...

will commence operation in the third quarter of this year. With the additional capacity utilization from Phase 3, management believes the Company’s performance for the full-year 2017 will remain strong

the new plant since the second quarter of 2017, which will commence operational in the second half of this year. With the additional capacity utilization from Phase 3, management believes that the

utilization at around 90% with conversion costs matching the first quartile plants. Accordingly IVL management believes the acquisition of balance 26% stake now will help integrate the PTIP assets with other

grow up together with the property development business which is the company's main business. The company believes that Internal Rate of Return (IRR) is 8.47% per year. 10. The Board of Directors

is a business that can grow up together with the property development business which is the company's main business. The company believes that Internal Rate of Return (IRR) is 8.47% per year. 10. The

public interest. While the nature of an auditor oversight body and the process through which it carries out its activities may differ among jurisdictions, IOSCO believes that effective oversight generally