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...

A9Rl82jco_1g84tbb_6bg.tmp 1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 014/2019 18 March 2019 Subject: Notification of the Resolution of the Board of Director’s Meeting regarding no payment of dividend, schedule of Annual General Meeting of Shareholder for the year 2019, capital increase by allocating via general mandate, an increasing of investment cost in Carnival Magic Project, and compensation for design and construction to related person. (Update) To: Manag...

appoint one of the independent directors to act as the chairman of the meeting who will be entitled to have casting vote and resolve the tied votes accordingly. b) to follow any resolution or advice given

days. The Offeree must follow the Tender Offer Cancellation Procedures as specified in Attachment 2 (Form B-1). In addition, if there is any announcement of additional public holidays during the

1,487 million. The details are as follow: • Net cash flow from operating activities of Baht 2,962 million from power plants operation in 1H/2018. • Net cash flow from investing activities of Baht 2,169

13,084 million, decreased from December 31, 2017 by THB 1,451 million due to reasons as follow - a decrease in current assets of THB 2,249 million, which was mainly due to the lower account receivable of

lower risk from 2017 as follow: DuPont Analysis 2016 2017 2018 Return on Equity or ROE 15 (%) 16.26 14.55 8.37 Operating Profit Margin 12 (%) 11.74 12.12 8.29 Total Assets Turnover 18 (times) 1.09 1.03

2018 as follow: DuPont Analysis 2017 2018 2019 Return on Equity or ROE 15 (%) 14.55 8.37 9.08 Operating Profit Margin 12 (%) 12.12 8.29 9.13 Total Assets Turnover 18 (times) 1.03 0.96 0.93 Equity

.) as follow: no Item Book Value as of 30 Sep 2017 (THB Million) Fair Value (Nov 2017) (THB Million) 1 Land (2 plots with title deeds no. 2182 and 3802 having total area of 23 rai, 32 Sq.wah.) and

higher efficiency in profit generation; whilst, lower asset utilization and lower risk from 2016 as follow: DuPont Analysis 2015 2016 2017 Return on Equity or ROE 15 (%) 13.15 16.26 15.24 Operating Profit