final blueprint Example Project A progress % billing % Q3’20 10 - Q3’20 20 - Q4’20 15 10 Q4’20 35 20 Q1’21 20 50 Q2’21 - 20 100 100The entity measures progress according to % billing recognise revenue 99

the drop in the cost of raw materials of CHPP following the progress of EPC work. However, the proportion of revenue that decreased is larger than the decrease in cost of raw materials, resulting in a

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

was in accordance with company’s continually expanding strategy and well management in sales and marketing function. The company; therefore, can gain more market share. 2. Selling and Administrative

and depreciation from the expanding capacity of subsidiaries. 3. Selling and administrative expenses increased by Baht 21.38 million or 30.76% the main reasons are the expenses incurred from the

still expanding and has a bright future as well as continue to seek stability, safety and consider to all interested persons. Please be informed accordingly. Sincerely Yours, Mr.Thakoon Boonparn Managing

. Cost of hospital operations & Administrative expenses increased by Baht 49.04 million or 9.45 % due to the Medical personal expenses increased because of the expanding capacity of subsidiaries. 3

the expanding capacity of subsidiaries. 3. Selling and administrative expensed decreased by Baht 5.21 million or 5.73 % the main reasons are the expenses incurred from the decreasing of personal

. Cost of hospital operations & Administrative expenses increased by Baht 29.44 million or 10.92 % due to the Medical personal expenses also increased because of the expanding capacity of subsidiaries. 3

whether organize seminar, event and more. The company will continue to develop in order to sustain its future growth as well as adhering the security, job expanding and consideration of all stakeholders