long- term employee benefits and the provision for decommissioning. Cash and Cash equivalent 62 74 403 355 57 62 505 596 70 50 1,097 1,137 Dec-18 Sep30 Sep 1931 Dec 18 6% 37% 5% 6% 46%Land, Property and

pay1 provision in 2Q19 and employee remuneration in 4Q19. Net FX gain was Bt308mn, increasing from Bt119mn in FY18, which was mostly unrealized gain from fluctuated currency whereas foreign debts were

unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for long- term employee benefits and the provision for decommissioning. (Note: Unearned

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...

Liabilities 2,883.74 15.62 2,988.18 16.48 (104.44) (3.50) Long-Term Loans 1,960.00 10.62 1,760.00 9.71 200.00 11.36 Provision for Employee Benefit 530.06 2.87 520.12 2.87 9.94 1.91 Deferred Rental Income 113.64

- 29,013,513 15,000,000 - 630,296 3,521,184 617,054 48,782,047 20,000,000 17,283,272 - 19,000,000 - 2,466,682 819,432 59,569,386 Non-current liabilities Provision for long-term employee benefits Total non

Liabilities 2,777.13 15.10 2,988.18 16.48 (211.06) (7.06) Long-Term Loans 1,960.00 10.66 1,760.00 9.71 200.00 11.36 Provision for Employee Benefit 539.18 2.93 520.12 2.87 19.06 3.67 Deferred Rental Income

due to the increase in reserved employee benefit.  The finance costs during 3 months and 6 months ended the second quarter of 2019 were THB 278.5 mm and THB 556.7 mm, which decreased by THB 59.4 mm and

. - Employee benefit obligations were 193.53 million Baht, rose by 43.07 million Baht from the end of year 2018 mainly due to the effect from the labor law Note: According to the debentures and long-term loan

) accrued expenses, advances received from cardholders and provision for long-term employee benefits of THB 264mn. Total equity was THB 5,917mn, increasing by THB 2,812mn or 90.6%, due mainly attributable to