strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the

36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

Tel: 02-455-2888 Fax: 02-455-2763 1. LPG sales income decreased by 19.64% because of the decreased in LPG usage in transportation sector together with the LPG price war, result in volume sold decreased

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...

/1 KHANJANAPISEK RD., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 1. LPG sales income decreased because of the decreased in LPG usage in transportation sector, result

company will consider the readiness of technology and suitable period to obtain the licenses. A preliminary investment budget for provisioning of 5G service in key area is approximately Baht 10-15 billion

to the decline in user spending through the solutions that the Company provided for clients in mobile operator sector. In addition, gross profit from information technology solutions was THB 5.25

expansion. In 3Q17, Dusit Thani PCL (“the Company”) reported total revenue of THB 1,184 million, increased by 0.8% yoy thanks to higher revenue of hotel management business and education business as well as

the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad