Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

Securities and Exchange Commission) Regulations of the Office of the SEC Circular Guideline Notification of the association related to securities business Subject -------------------------- Main topic

6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading