Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

si ve A ct iv e Investment performance can be attributed from many sources. How to measure active degree of the portfolio? BenchmarkFund 1 Stock X ,Y,Z =30 % Active share Sources: Cremers and Petajisto

Systems? Impact Impact Business Processes Application systems IT system infrastructure Oracle GFMIS SWIFT Loan App Approve Draw down Interest calculation Payment Customer Order Stock Checking Distribution

share. As a result of the aforesaid transactions, a year-on-year comparison of the changes of specific components of equity attributable to owners of the Company are less meaningful. That being said, key

share capital” in statements of financial position as of 30 September 2018.  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK During the past decade

% 25.5% 24.3% Adjusted net profit margin 22.5% 27.1% 28.2% 1Adjusted for share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest

. Critically, businesses need to recognise the linkages between improvements in non-financial areas and financial metrics, such as earnings, cash flow or share price. Such improvements can often occur after a

warning on issues. BP saw such an earthquake in its share price after the Gulf oil spill disaster prompted engaged investors to use their voting rights to call for the removal of the chair of the board’s

Ref.No.IVL002/07/2018 19th July 2018 President The Stock Exchange of Thailand Subject: Acquisition of Packaging Business in Egypt Indorama Ventures Public Company Limited (“IVL” or the “Company”) would like to