transaction found that size of transaction according to Net Tangible Assets Basis is highest equivalent to 83.5%, which the scope of transaction type 1. The company is not obliged to provide a report and

. (Additional details can be submitted as attachments) Details of other Certified Public Accountants in the Audit Firm who work on a full-time basis , a total of ............persons Names and Last names CPA

and Last names CPA License No. Position Approval Period 1. 2. 3. Details of other Certified Public Accountants in the Audit Firm who work on a full-time basis, a total of ............persons Names and

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

basis of the existing guidelines could result in offering no benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize the effects of

investment and sharing of profits (on pro rata basis) from the business of broadcasting the Football Leagues. The entry into such investment by the Company is considered the ordinary course of business of the

project on the basis of the existing guidelines could result in offering no benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

March 31, 2017. 6. Basis to Determine the Value of Consideration Value of the assets to be acquired was determined based on an arm-length negotiation between the Company and the seller, that is, the said

normal business transaction is justified and will benefit the Company. Such Connected Transaction is considered at arm’s length basis. This transaction was considered and reviewed by the Audit Committee. 5