rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876 733 HRC Average Selling

Year 2017 Year 2016 Pe rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876

. Domestic beverage sales outperformed the market sentiment with 1.3% growth YoY, driven by C-Vitt (+249.3% YoY). Additional beverage production capacity commissioned earlier than planned, which enabled us to

production capacity to be in line with a slowdown in inventory turnover from sales revenue setbacks. This reduction in production capacity is expected to affect fixed cost allocation and marginally increase

serious damaged to paddy productions, directly resulting to a drop of sales in product Screw Flight. Moreover, our main customer also lowered their production plan for the Combined Harvester which inline to

production also has less ordered. The Company try to solve the problem by increased the order from Feed production customers. On the contrary, sales of Flexible packaging still continue growing compared to

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...

production has significantly decreased. When compared to the previous quarter, sales volume reduced as Bangchak, the major buyer, had gone through TAM, thus decreased its purchase volume; moreover, gross

production of power and lower selling volume. In addition, Combine Heat and Power Producing Company Limited (CHPP) has faced lower sales of chilled water and lower revenue from sales of solar power to

, upgrading technology in order to increase output of HDI products and the unexpected appreciation of the THB against foreign currencies, which had the effect of a decline in sales revenue, a low production