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...

revenue decreased by 5.3% from 3Q17 due to a decrease in revenue from Education Business and revenue recognition from leased right assignment in the same period last year. Earnings before Interest, Taxes

and system development for the company. The details on above transaction assignment were as follows : (1) Transaction date : January 1 - December 31, 2019 (2) Transaction parties involved Service

Commercial Coordination Co., Ltd., who is a connected party to be responsible for sales management and system development for the company. The details on above transaction assignment were as follows : (1

exceeding 245 Indian Rupees (two hundred forty-five million Indian Rupees). 2. Approved the assignment of authorized directors or the person assigned by the said directors has the power to negotiate

without the company's assignment, under which {A} failed to record his investment advice given to two clients. In addition, {A}, knowing that {B} was neither the SEC-approved investment analyst nor

mutual fund shall contain at least the following details: (1) assignment of work related to investment to other persons (if any). In this regard, the scope of the assignment and the name of the assignee

Overview In the year 2017, the overall picture of the apparel industry remained stable in line with the Thai and global economy. The sale of goods to foreign countries has been affected by the appreciation

improve its operating rate, product mix and also complement IVL’s strategy in global Home & Apparel segment to serve its global customers with differentiated HVA fibers. This transaction follows investments

the recognition of lease right assignment fee albeit a drop in room revenue from lower room inventory due to room renovations of Dusit Thani Laguna Phuket, Dusit Thani Pattaya and Dusit Thani Manila