included sales of investment in Mae Sod Clean Energy Co., Ltd. of 59.10MB while sales of investment in PDIL of 50.10MB was included in 9M 2016. The company marked remarkable progress in its make-over

root causes of recurring inspection findings.In another first, the 5th AARG Audit Inspection Workshop marked the first collaboration between the World Bank and AARG. To complement AARG's on-going efforts

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...

recorded in 4Q20 in amount of Bt246mn, with an approximately similar amount for the next four years. Market and Competitive Environment FY20 marked the beginning of the 5G network and service in Thailand

Southeast Asia in the electricity and utility business group. Received Excellent Awards from Leading Magazines and Private Agencies As of 27 February 2020, the Company was awarded Deal of the Year in the year

$ +,". 1.3 #3!41E3"./''(.0 #!) 1'#%I 2. FX/Gold-linked ( 1 !4 # !.+,""'+3 S3 % 6' +6 ." +""'+3 S$ % $# !.&'(&+)""'+3 S3 % 6' +6 . !"'+3 S +,". 2 replacement cost . marked to market value ( !0 '!(+) + / 02

its formula for excellent cleaning of fuel injectors, allowing for complete combustion within the engine that allows for smooth performance with maximum clean power. 7 Management Discussion and Analysis

production volume decreased, which resulted in a higher breakeven point as well as an increase in the unit production cost. In addition, the marked appreciation of the THB caused the gross profit to decrease

capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public

afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the