loans from related parties and the fees for acquiring the loans used to acquire GLOW. In addition, the company has to recognize the financial cost embedded in GLOW financial statement after the full

exchange) and digital tokens (an electronic data unit used for the purpose of participating in an investment in any project/business, or acquiring specific goods/services/any other specific rights

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...

, household purchasing power saw limited recovery. Under these circumstances, the Thai economy in this quarter may grow at a slower pace of 3.2 percent over-year, which is also less than the 3.7 percent growth

of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened

, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654 3323 Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices. Selling and administrative

% YoY and 8% QoQ, since fundamental factors supporting the overall purchasing power remained soft and did not cover all areas, especially in the low income consumers, although overall private consumption

purchasing raw water from private source, depreciation and amortization from investment to increase capacity and employee expenses. However, the company was able to save the electricity cost by 59.21 million

demand in Chonburi area. Therefore; the company must transfer water from Prasae reservoir to Chonburi area. 2) Raw water cost increased from purchasing raw water from private source in order to remain the

procuring program rights and entered into a negotiation with the Company over the return of an outstanding amount of program rights and changed the entity who will be responsible for purchasing program rights