made by Indorama Ventures Public Company Limited (“IVL”) on 9th November, 2017 regarding the acquisition of the PTA assets of Artlant PTA S.A. and the adjacent utility assets of Artelia Ambiente, S.A. in

has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized

the present time and in the future, due to such land’s location adjacent to the Head Office of the Company; and for this reason, the Company then absolutely needed to purchase such land. In addition

follows: 1. Approved the purchase of vacant land of 24 – 2 – 24.6 rai, which is the plot of land adjacent to the Company's current plot of land, totaling Baht 85.97 million or equivalent to Baht 3.5 million

maintained. CW Tower is high potential location for business and has comparable rental fees with buildings within the adjacent area. Therefore, the transaction is considered appropriate and is beneficial to

onerous project contract of transmission and telecommunication towers in the amount of THB 19.61 million due to recognition of revenue and profit margin from such project with lower production cost than

consideration value is from negotiation and agreement between the Parties by using the rental rate equal to the contract that leases adjacent areas and close to the rental rate in Bangpoo Industrial Estate area

of loss from onerous project contract in the amount of THB 32.19 million as a result of variation of current raw material price from quotation price. However, this transaction would be reviewed in the

disposition of the investment on August 21, 2020. • Decrease in Provision from Onerous Project Contract of Transmission and Telecommunication Towers in the amount of THB 64.69 million due to recognition of

as at December 31, 2019 primarily due to:  Decrease in provision from onerous project contract of transmission and telecommunication towers in the amount of THB 19.61 million due to recognition of