disposal of assets - 0.0% 174 0.3% (174) (100.0%) Other income(1) 3,419 6.4% 3,282 6.5% 137 4.2% Total revenue 53,444 100.0% 50,307 100.0% 3,137 6.2% Cost of sales of goods 34,980 65.5% 32,724 65.0% 2,257

distribution at Wood Veneer mill. For small sizes and scraps of wood, they will further be raw material in production of MDF Board and Particleboard for the company and the subsidiaries. The company has reviewed

% 18,577 9.9% Cost of sales of goods 129,526 62.7% 120,447 64.1% 9,079 7.5% Gross profit from sales(2) 51,088 28.3% 47,597 28.3% 3,492 7.3% Cost of rental and rendering of services 3,161 1.5% 2,663 1.4% 498

Company Limited and Phong-Sra Distribution Company Limited (Revise) 30/12/2021 13:23 Notification of the acquisition of assets in ordinary shares of Pongsara-Manufacturing Co., Ltd. and Pongsara

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...

2018 and 2017 was THB 665.3 MB and THB 1026.5 MB respectively, equivalent to 55.7% and 80.1% of total assets respectively. The Company’s the finish goods inventory as of year-end of 2018 and 2017

Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working capital. The key

respectively, equivalent to 55.7% and 47.3% of total assets respectively. The Company’s the finish goods inventory as of year-end of 2018 and Q3/2019 amounted THB 428.3 MB and THB 349.8 MB respectively

0.20 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working

0.31 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working