average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q1 2018 Q1 2017 Gross profit margin 23.9% 22.4% Net

by the Monetary Authority of Singapore (MAS). It is one of fintech seminars and exhibitions the world pays attention most. Mr. Ravi Menon, MAS Managing Director, said during the opening ceremony that

19 September 2005 - Translate – Ref. HF 0051/2020 May 18th, 2020. Subject : Disclosure of Connected Transaction (Reviewed 2) Attn : Managing Director of the Stock Exchange of Thailand. According to

, Chonburi  20230 Thailand    Tel. 66‐38 480‐020‐1 FAX. 66‐38 480‐080  Please be informed accordingly. Yours faithfully, (Mr. Sommat Khunset) Managing Director 11) Transaction Type : The Transaction as stated

connected persons To : Managing Director The Stock Exchange of Thailand The meeting of the Board of Directors of Pan Asia Footwear Public Company Limited (the “Company”) No. 1/2019 held on 27 February 2019

connected persons(Additional) To : Managing Director The Stock Exchange of Thailand The meeting of the Board of Directors of Pan Asia Footwear Public Company Limited (the “Company”) No. 1/2019 held on 27

hereby reports to the SET accordingly. Faithfully yours, Boondee Amnuayskul (Mr. Boondee Amnuayskul) Chief Executive Officer and Managing Director

. Opinions by the Audit Committee and/or Director significantly different from those by the Board of Directors : -None - Please kindly be informed accordingly. Sincerely yours, Mrs. Teerada Ambhanwong Managing

, Teerada Ambhanwong Mrs. Teerada Ambhanwong Managing Director Chief Executive Officer

หน้า 1 จาก 1 Translation February 22, 2019 Subject: Management explanation and analysis for Year ended 31 December 2018 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public