connected persons To : Managing Director The Stock Exchange of Thailand The meeting of the Board of Directors of Pan Asia Footwear Public Company Limited (the “Company”) No. 2/2018 held on 24 April 2018 has

. Wacoal Corp. and SPI acting as major shareholder of both companies 12. SRP Nanasai Co., Ltd. Managing Director of SRP Nanasai Co., Ltd. acting as the company’s management 3. General description of the

acting as major shareholder of both companies 12. G Tech Material Co., Ltd. Wacoal Corp. and SPI acting as major shareholder of both companies 13. SRP Nanasai Co., Ltd. Managing Director of SRP Nanasai Co

Page 1 of 3 No. ACC6308/002 13 September 2020 เรื่อง Operating Results Clarification for the second quarter 2020, ended June 30 2020 เรียน Director/ Managing Director The Stock Exchange of Thailand

. Sucharit Koontanakulvong 2. Approved the connected transaction with the related companies. (Details as attachment) Please be informed accordingly Yours sincerely, Kiyoyasu Asanuma Managing Director

. Faithfully yours, Boondee Amnuayskul (Mr. Boondee Amnuayskul) Chief Executive Officer and Managing Director

the regulations prescribed by SET. Details of services are provided in Attachment 1. Please be informed accordingly. Sincerely yours, (Mr. Hiroaki Sano) Managing Director (Attachment 1) Vinythai Public

accordingly. Sincerely yours, Mrs. Teerada Ambhanwong Mrs. Teerada Ambhanwong Managing Director Chief Executive Officer

COMMITTEE 2. Mr. ADISAK TANGMITRPHRACHA CHAIRMAN OF THE EXECUTIVE COMMITTEE / VICE CHAIRMAN OF THE BOARD OF DIRECTORS / MANAGING DIRECTOR 3. Mrs. NATTAYA TANGMITRPHRACHA DIRECTOR 4. Miss ARIYA TANGMITRPHRACHA

, ---------------------------------- Mr. Khongsit Choukitcharoen Managing Director