delivering an excellent customer experience in order to empower every customer’s life and business, we prioritize the offering of attentive and inclusive services as a trustworthy service provider. We can

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...

operation in 2018 and over the next five years in order to deliver an excellent customer experience. Meanwhile, we have upgraded our technological capability in order to act as a digital platform provider for

improvements in order to deliver an excellent customer experience, along with the development of technological solutions, all with the aim of becoming “Customers’ Life Platform of Choice”. In the first quarter

(554) (591) 36 -6% (449) (478) 29 -6% Gross Profit 193 116 77 66% 119 93 26 28% Other Income 3 51 (48) -93% 23 31 (8) -25% Distribution costs (88) (90) 2 -2% (72) (62) (9) 15% Administrative expenses (81

goods sold 132.88 144.09 (7.79) 145.94 (8.96) 278.81 287.60 (3.06) Distribution costs and administrative expenses Distribution costs 47.18 34.63 36.24 37.54 25.68 84.73 67.99 24.62 Administrative expenses

6.35 263.45 0.77 795.64 792.27 0.43 Cost of goods sold 139.69 129.14 8.17 132.87 5.13 418.50 416.74 0.42 Distribution costs and administrative expenses Distribution costs 46.25 33.48 38.14 47.18 (1.97

the collective costs of doctors, nurses, and medical specialists aiming to intensify medical services and excellent specialty centers with on-going expansion striving for the Company’s growth and its

VGI PUBLIC COMPANY LIMITED BUSINESS HIGHLIGHTS 2019/20  VGI, an Offline-to-Online (“O2O”) Solutions provider, delivered another excellent performance, achieving its full- year target with all-time

qualifying requirement in the contest this year. Additionally, the SEC will grant the winner an Excellent PVD plaque, which is a reward for the provident fund with high development in technology that reached