Directors’ meeting No. 5/2017 of Inoue Rubber (Thailand) Public Company Limited on August 11th, 2017, 4.00 p.m. at meeting room R8, 5th Floor, Renaissance Bangkok Ratchaprasong Hotel, 518/8, Ploenchit Road

pandemic. However, there are promising signs of growth driven by the revival of tourism, the increase of exports, and the acceleration of government spending. Tourism industry Source : Ministry of Tourism

Phatra Securities Plc. for 1Q21 was at 10.84%, continuing to rank 1st from total of 38 brokers. Overall market environment The Thai economy started out at a slow pace in January 2021 due to the resurgence

Estate Public Company Limited Management Discussion and Analysis 2Q20 With respect to commercial business, special reduction granted to tenants impacted by COVID-19 is expected to reduce thanks to revival

experts/workers/foreigners. • Pros: Revival of the economy. • Cons: Unfair competition and possible corruption. 4 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน

substantial resurgence of the COVID-19 pandemic in late 2020 has resulted in a decline in travelling and transportation, despite the holidays and traveling season. Nevertheless, the average selling price of

in biodiesel consumption has not been as predicted as the impact of the substantial resurgence of the COVID-19 pandemic in mid of 2021 has resulted in a decline in travelling and transportation

Indonesia. This trend is continuing into 2Q21, however we will see some softening in demand coming from a resurgence in COVID-19 cases in India and Indonesia. Mobility fibers core EBITDA grew 6% QoQ and 33

in the market. Broadly speaking, the Thai economy in 2017 may grow around 3.4 percent. In addition to government spending and investment – the main contributors to the Thai economic revival, we should

of 2016. Looking ahead into the final quarter of this year, loans are set to maintain growth. Business loans, in particular, are expected to receive a boost from revival in economic activity and the