DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
DEVELOPMENT PUBLIC COMPANY LIMITED CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED CHAYO GROUP PUBLIC COMPANY LIMITED CHEMEMAN PUBLIC COMPANY LIMITED CHEWATHAI
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
because its price was more attractive than synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols