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...

Remuneration Committee is in the process of nomination of a qualified and appropriate person to be a director for a vacant position. If there is any progress, the Company shall further inform the shareholders. 2

. Inventories increased by 181.2 MB, representing a decrease of 67.4% due in Q1-2016 the company obtain new projects which were is still work in progress and not yet completed for delivery. Other current assets

increase of 65.6% due in Q2-2016 the company obtain new projects which were is still work in progress and not yet completed for delivery. -4- Other current assets decreased by 44.5 MB or 47.1%, due to an

evaluation of purchase price allocation (PPA) of business acquisition During the period, the Company has clarification of the progress of evaluation of purchase price allocation (PPA) of acquisition of NPP

522.24 million that has been already implemented with work progress equivalent to 17.36 %. In addition, in this captioned year, there were the additional adjustment to the estimated construction cost of

property, plant and equipment of Baht 535.22 million mostly was the construction in progress for Carnival Magic project resulted to cash and cash equivalents and temporary investment decreased of Baht 131.56

property, plant and equipment of Baht 950.08 million mostly was the construction in progress for Carnival Magic project. Temporary investment increased of Baht 48.44 million. Trade and other current

เพื่อใช้ประเมินระดับการพัฒนาทั้ง 2 ด้าน ได้แก่ CSR Progress Indicator และ Anti-corruption Progress Indicator โดยจะแสดงระดับการพัฒนา ตั้งแต่ระดับเริ่มต้นจนถึงระดับสูงสุดของการพัฒนาการประเมินบริษัทจดทะเบียน

with the fact that the company pegged its retail price in April during the long holiday to support domestic commute, essentially lowering retail marketing margin 3. As of Q2/2018, the total number of BCP