-consuming projects or assignments such as real estate development business, building construction business, ship construction business, etc.). Disclose the values of the ongoing projects as of the most recent

-value, time- consuming projects or assignments such as real estate development business, building construction business, ship construction business, etc.). Disclose the values of the ongoing projects as

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...

SEC Office in a letter notifying the approval. 11In the case where the financial advisor approved under Paragraph 1 wishes to perform duties on a continuous basis, such financial advisor shall submit an

the contract is between 2039-2040. The company has acquired all shares through Global Renewable Power Co., Ltd. (GRP), and the success of the acquisition reflects the continuous growth of the company

performance and net negative working capital of Baht -81.97 million. Most negative in working capital was from the payment of trade creditors and keeping more stocks. Net cash flow from investing activities was

additional short term loan for working capital management. EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2018 6 7. FINANCIAL POSITION

that the meeting consider and approve the offer for financial assistance or the Granting of Loan Transaction which has been provided to JAS. 6. Sources of funds and sufficiency of the working capital The

sufficiency of the working capital The funds which the Company used as a loan granted to JAS are from the deposit and the short- term investment that the Company has deposited with the financial institution

ordinary shares on the Stock Exchange Of Thailand (the “SET”) (the “Spin-Off Plan”). The proceeds of which will be used for the purpose of financial and business restructuring, business expansion and working