flow position because debt services declined follow with Availability Payment. For SPP business, total sale volume of 8 SPPs continue to grow but the negative impact from a planned maintenance shutdown

measures, particularly those involving consumer protection and control of credit card and personal loans, together with a drop in credit card interest rates – all of these issues are likely to influence

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...

investments in associates and JVs /3 Excluding FX impact and one-time gain/(loss) items During 2018, the Company had reported net profit of THB 2,906.8 mm, which decreased by THB 359.6 mm or 11.0%, compared to

particularly the tourism sector, Q1 outlook is optimistic for Golden Lime as the new dolime product gains traction and with the positive impact from the sugar season. The delayed 3.2 trillion baht budget is

profit margin for the year 2019 was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation

to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of

global economy, as a result of the impact of the trade war between the US and China, affected Thai economy as well as the Company’s sales and production costs during the third quarter of the fiscal year

anticipated to continue in line with GDP growth. Downside risk on volumes in our nonferrous mining segment remains as new competitive capacity is expected to come online in the near future. Pricing impact on

decreased by 0.09 million baht. Salary and welfare decreased by 2.80 million baht, the impact from the estimation of employee benefits increased by 4.97 million baht. Total cost decreased by 1.83 million baht