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...

of previous year which a net loss of Baht 14.65 million, the loss decrease Baht 8.37 million or decrease by 57.14% , the main reasons are as follow 1. Revenue from sale , Other income The company had

customer and from the expansion of power generating capacity after COD of both phases of IRPC- CP” 2 Performance of the company’s operating power plants in Q4/2017 compared to Q3/2017 (QoQ): • Sriracha Power

for the three months of the year 2017 ended June 30, 2017 compared with the same period in 2016 which had total revenues 2,152.40 million baht and net profit 257.14 million baht. The above performance

the three months of the year 2017 ended September 30, 2017 compared with the same period in 2016 which had total revenues 1,357.75 million baht and net profit 78.08 million baht. The above performance

LIMITED (“the Company”) would like to provide an explanation regarding our financial performance for the year ended 31 December 2020 as follows: Financial Performance Millions of THB % Millions of THB

Company’s fees and service income in 2Q2018 was Baht 162 million, a decrease of 8% from 2Q2017, mainly from a decrease in mutual fund management fees and registrar fees managed by ONE Asset Management Limited

audited by the auditor . The results of operations are as follows . The Company's performance For nine months As of September 30, 2018, the Company had a net loss of Baht 45.32 million, compared with the

consolidated operating revenue of THB 188 million in Q4/2021 and THB 620 million in 2021, decreased by 9% from Q4/2020 and 19% from 2020, respectively. • The decrease was mainly from the decline in operating

for the year 2019 ended December 31, 2019 compared with the same period in 2018 which had total revenues 5,644.96 million baht and net profit 1,098.14 million baht. The above performance was from these