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...
operate as plan i.e. accessibility of the raw material, high competition and reliance on the government policy. However, the Company will be benefit from the good business relationship with the palm
businesses related to its core business. Silom Road Limited, Mr. Viroj Tangjettanaporn and Mrs. Tuenjai Purintaraphiban do not carry out a business in any manner similar to, or in competition with the business
to adjust downward. Especially, sales through the industrial channel which has severely affected, as such the industrial market has high degrees of competition. 2. The Marketing Business Group recorded
-Diesel B20S, which surpasses in quality from the normal B20 in the market. Whereas industrial market sales volume lowered slightly from the intense market competition. 2. Net marketing margin declined
financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors
specific investors (Private Placement), the Company will choose specifically the investors from the capability to enhance company’s financial strength and the synergy creation from being an business partner
the capability to enhance company’s financial strength and the synergy creation from being an business partner. Two investors are strategic investor and also have extensive investment experience in
the type, strength and quality of the encryption algorithm based on a result of risk assessment and the required level of protection on sensitive and critical information. Also, such policy should