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...

flow of the business more appropriately and will encourage the other projects continuous progress Interest rate 6.5% per year which is higher than the deposit interest rate that the company receive from

the years, SET and our allies have consolidated our efforts on multiple fronts, including continuous communication and warning alerts to the public. The introduction of the SEC's Investment Scam Hotline

adverse impacts on environment and society.   Business units are responsible for continuous and active management of all relevant risk exposure to be in line with its returns and risk appetite.  Risk

facilitated by government subsidizations. This was further supported by a continuous increase in foreign arrivals despite some structural headwinds and rising geopolitical conflicts. In summary, AIS reported

:- A&W Restaurant: revenue from sales was 43.0 MB decreased by 3.7 MB or 7.9% YoY which is affected by the number of branches that are reduced and the competition in the quick service restaurant business

food and beverage was 98.4 MB can be classified as follows:- A&W Restaurant: revenue from sales was 94.2 MB, an decrease by 2.4 MB or 2.5% y-o-y as a result of competition in quick service restaurant

quick service restaurant. Miyabi Grills : revenue from sales was 3.5 MB, decreased by 40.0 MB or 92.0% y-o-y due to the Company has granted franchise business license under “Miyabi” trademark to a third

would facilitate the identity proofing and authentication process, which is the first step towards easy and quick but with trustworthiness financial transactions. For the capital market, the NDID

in line with the 4th Capital Market Development Plan (2022–2027), which capital market agencies have been consistently implementing. At the same time, the measures serve as ‘Quick Win’ initiatives that