1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into

No. ECF2 044/2561 3 December 2018 Subject: Notification of the resolutions of the Board of Directors’ Meeting approving the investment in purchasing the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under the private placement basis, and the schedule for Extraordinary General Meeting No. 1/2019 (Additional) To President The Stock Exchange of Thailand Enclosure 1. Information Memorandum...

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...

change in net asset value (NAV). The returns do not reflect broker sales charges or commissions. NAV is total assets less total liabilities divided by the number of shares outstanding. This material is

%0) 1E++)+rEE # (risk parameters) 2 " $ (price) ).$# !. . "' 3 RR (volatility) )# !. J0 %0(. ++) (price change) = + 8% #%.(' SET 50 3."'+3 S(' large market capitalization / # !. +,$R&.( ' SET 50 3

credit ratings of structured finance products are appropriate when the risk characteristics of the assets underlying a structured finance product change materially. Where feasible and appropriate for the

change, depending upon the market price of the ordinary shares of the Company on the date which the Board of Directors determines the offering price of shares based on the market price which is the best

applicant shall ensure that the trust instrument stipulates that upon a change of trust manager, the new trust manager shall abide by the requirements set out for the approved applicant in this Notification

for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Organic growth is calculated as the change in production on a like-for-like asset

of shares change will be further informed by next week. Shareholders after entering into the Acquisition of Shares in Hero Experience Transaction # Shareholders Number of Shares Shareholding (Percent