: 1. Managing the Structure of the Revenue, The company added a sales business segment in the past 2019 and the company opened a new shopping center to support future growth. The company opened a new

reallocated between device sales and service revenue weighted by fair market values of the handset price and full-contract price plan. As a result, device sales would increase, and service revenue would

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...

locations, namely 1.) ESCENT Ubonratchathani, currently has 80% pre-sales take up, will be completed and ready for transfer by 2020; 2.) ESCENT PARK VILLE Chiangmai currently has 50% pre-sales take up, will

% Operating profit 91 17.6% 119 16.7% 133 17.4% 11.9% 46.2% Other income 33 6.3% 45 6.3% 44 5.8% (0.8%) 36.0% Sales profit 1 0.3% 1 0.2% 1 0.2% (0.1%) (2.6%) Finance costs (6) (1.2%) (12) (1.7%) (14) (1.8

expenses (47) (8.4%) (61) (7.9%) (63) (7.9%) 2.7% 33.2% Operating profit 99 17.9% 133 17.4% 121 15.4% (9.1%) 22.2% Other income 33 6..0% 44 5.8% 50 6.3% 12.1% 48.8% Sales profit 1 0.2% 1 0.2% 1 0.2% (17.5

) (8.4%) (61) (7.9%) (63) (7.9%) 2.7% 33.2% Operating profit 99 17.9% 133 17.4% 121 15.4% (9.1%) 22.2% Other income 33 6..0% 44 5.8% 50 6.3% 12.1% 48.8% Sales profit 1 0.2% 1 0.2% 1 0.2% (17.5%) 17.9

, the sale of gravure packaging of rice industry also reduces. The company have a trends to solve the problem by trying to increase the order from Pet food industry instead. On the contrary, sales of

managed by ONE Asset Management Limited (the Company’s subsidiary), and an increase in the Company’s sales agent fees from sale of investment units. 1.3 Interest on margin loans The Company’s interest on

share capital Shareholding by PMC Pattaya Lamphun Co., Ltd. Manufacturer of finished garments Baht 20,000,000 99.9965% Shareholding structure after transactions Name of Shareholders Number of shares and