. Myanmar Wacoal Co., Ltd. Wacoal Corp. acting as major shareholder of both companies .../2 Translation - 2 - No. Name of connected parties Relationship 11. A Tech Textile Co., Ltd. Wacoal Corp. and SPI

. Morgan De Toi (Thailand) Ltd. SPI acting as major shareholder of both companies 6. Far East Fame Line DDB Plc. SPI acting as major shareholder of both companies 7. A Tech Textile Co., Ltd. Wacoal Corp. and

-MONGKOL INDUSTRY PUBLIC COMPANY LIMITED TNR: THAI NIPPON RUBBER INDUSTRY PUBLIC COMPANY LIMITED TPLAS: THAI PLASTIC INDUSTRIAL (1994) PUBLIC COMPANY LIMITED TTI: THAI TEXTILE INDUSTRY PUBLIC COMPANY LIMITED

Baht) STATEMENT OF FINANCIAL POSITION Q3/2018 Q3/2017 increase (decrease) Consolidate financial statement TOTAL ASSET 1,172.62 1,214.62 (42.00 ) (3.46 ) TOTAL LIABILITY 686.77 668.88 17.89 2.67 TOTAL

FINANCIAL POSITION Q3/2018 Q3/2017 increase (decrease) Consolidate financial statement TOTAL ASSET 1,172.62 1,214.62 (42.00 ) (3.46 ) TOTAL LIABILITY 686.77 668.88 17.89 2.67 TOTAL SHAREHOLDERS' EQUITY 439.56

outstanding loan as of June 2020. Non-current liability included Unearned Revenue which will be recognized after 1 year, Lease Liability, and Long Term Employee Benefit obligations (TAS19). At the end of 2019

December 31, 2019 March 31, 2020 Total Asset 22,134,787 20,047,898 20,011,683 19,846,879 Total Liability 1,057,641 2,339,653 2,266,866 1,938,352 Common Stock 10 million share at par Baht 10 100,000,000

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...

-4.8% from both current (lower trade & other payable and current portion of long-term debt) and non-current liabilities (lower lease liability and spectrum payable offset by increased long-term

-Current asset 419.12 30.5% 427.47 27.7% 8.35 2.0% Total Assets 1,372.78 100.0% 1,543.90 100.0% 171.12 12.5% Liabilities Current liability 118.33 8.6% 139.61 9.0% 21.28 18.0% Non-Current liability 57.26 4.2