companies that manage property funds, infrastructure funds, REIT managers and trustees The move follows SEC hearing at the end of 2018 on the amendment of the regulations on the maintenance of capital of

trustees The move follows SEC hearing at the end of 2018 on the amendment of the regulations on the maintenance of capital of investment management companies that manage property funds and infrastructure

. This move is to enable SMEs and startups to mobilize funds more easily and to encourage high-potential employees to work with SMEs and startups. The public are invited to share their opinions on these

their own rights and at the same time promoting good governance. Moreover, the move also urges the board of directors to emphasize on efficiency under the CG principle and encourage constant compliance of

will move forward with all sectors to achieve the goals set forth in the strategic plan and the sustainable growth of the capital market,? said Mr. Rapee.    

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...

%) Gross Profit 151.3 118.4 (32.9) (21.7%) Gross Profit Margin 55.4% 48.5% GPM before adjustment with PPA 57.0% 49.2% Revenue from Sale of Investment Properties 132.1 1,449.0 1,316.9 996.9% Gross Profit 20.5

company was 361.59 million baht which increased by 118.44 million baht or 48.71% from the same period in 2017 so the company’s net profit margin was 11.65% Please be informed accordingly. Respectfully yours

THB 109 million due to the lower occupancy rate. Other income decreased by THB 5 million. Gross profit margin declined from 25.9% to 25.4% due to rental and service business gross profit decreased by

decreased Baht 102.05 million – resulting to the gross profit margin was increased to 7.53% from 6.56% of year 2018. 2. Selling expenses was Baht 144.14 million which increased Baht 12.71 Million or increased