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...

the intensive content and brands in 4 core businesses through the integration and the development of platform from the Offline-Online-On ground. Thus, the content could reach the group of consumers more

increased from THB 82.00 million to THB 133.61 million or increased THB 51.61 million or 62.94% because film production and films rights distribution generated more revenue than last year. Cost and expense of

products increased 16.2%.  Revenues from rendering of services decreased 63.91% due to less margins from publishing, distribution and other service from foreign publications. Thus, the company will no

Bangkok, January 12, 2015 ? The SEC supports asset management companies to raise their competitiveness with more distribution channels, new types of mutual funds and join business development in the

Income 91.2 65.3 25.9 39.7 Cost of equipment for lease 170.5 132.7 37.8 28.5 Selling and distribution expenses 337.0 270.5 66.5 24.6 Impairment loss on financial assets (29.0) 96.7 (125.7) (130.0) Fair

person responsible for the operation of full-service and online branch office including allocation of sufficient personnel and resources as well as arrangement to have management and work system to

| - |- Conflict of Interest | - |- Online Submission |- Protection of Customer Assets (Section 98(3)) |- Reporting of Securities Allocation (Section 81)    Business Operation Rules |- Net Liquid Capital Rule

increase of registered capital, the issuance and the allocation of the newly-issued shares to specific persons (Private Placement) and the convening of the Extraordinary General Meeting of Shareholders No. 1

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