year of the first phase of the 9-year strategic plan of DTC (2016-2025) being the "Strengthening Foundations” which focused on strengthen People, Process, Properties, Technology and Financial Capability

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...

this year may be capped by weak commodity prices, likely causing growth in export value to be lower than what was seen in the first half. At the same time, farm income may decelerate amid rising output

growth rate of 3.8 percent in the first 9 months of 2017 (comparing with the growth rate of 3.3 percent in the first 9 months of 2016), the growth rate was produced by export and consumption of the private

with the recovery in the manufacturing sector especially for export related products such as electronics. Manufacturing for domestic demands was still at the early stage of recovery. For 2018, the Thai

recovery that is consistent with the recovery in the manufacturing sector especially for export related products such as electronics. Manufacturing for domestic demands was still at the early stage of

. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in

, which was adjusted upward from the 4.3%, due to the stronger growth during 1H/2018. The key drivers were the export and tourism, whereby the local expenditure was driven by household consumption and

follows: No. Name Amount of debt (THB) Creditor type 1 Kasikorn Bank Public Company Limited 566,302,402 Financial Institution 2 Export–Import Bank of Thailand 29,821,183 Financial Institution 3 J Shipping

developed countries, together with tensions from trade war between the United States and China. As a result, Thailand’s export is foreseen to decline this year. However, household consumption will gradually