cash flows of the Company by selling to Ocean Fitting Co., Ltd., a connected person of the Company. Ocean Fitting Co., Ltd. won the bidding at the price of THB 78,000,000 (Seventy-eight million baht

bidder on January 30, 2019, namely Ocean Fitting Co., Ltd., which is the Company’s connected person, whose bid amounted to Baht 78,000,000 (Seventy-eight million baht), which is lower than the book value

got the order of High Density pipe and fitting from a mining company in a foreign country total US dollar 2.14 million. Wiik Water Company Limited (WW)  Principally engaged in the consultant and

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign shareholders of Thai Wacoal Public Company Limited...

a building and the installation of electricity-generating machinery at the exaggerated price of 58 million baht. Nongree Power Plants, approved by Mr. Bhusana, paid for the first instalment of 12.48

and installation of the pipeline 239.05 248.60 (3.84) Income from water production and distribution 31.25 24.31 28.55 Income from installation and distribution of water production systems 3.40 25.03

Quarter 1/2020 Quarter 1/2019 Changed (%) Income from sale pipe 253.61 222.65 13.91 Income from installation pipe 54.41 16.40 231.77 Incomes from the water management business - Sales and service of water

and installation of the pipeline 269.18 227.86 18.13 Income from water business 54.63 36.54 49.51 Other income 3.32 5.05 (34.26) Total revenues 327.13 269.45 21.41 Cost from sale and installation of the

; Overall of the 9 months of year 2018, sale and installation of the pipeline business was adversely affected by purchasing from pipe laying projects; waiting for bidding, waiting for contract signing, and

(%) Income from sale and installation of the pipeline 255.35 260.76 (2.07) Income from water business 47.53 72.10 (34.08) Other income 25.90 4.19 518.14 Total revenues 328.78 337.05 (2.45) Cost from sale and