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...

same day, the reporter shall specify the total amount of securities and derivatives that each purchaser or transferee acquired. If the name of the purchaser or the transferee is unknown, the reporter

GB WESTERN SAHARA EH Country Name ISO Country Code Country Name ISO Country Code UNITED STATES MINOR OUTLYING ISLANDS UM YEMEN YE UNITED STATES OF AMERICA US ZAMBIA ZM Unknown Country ZZ ZIMBABWE ZW

EH UNITED STATES MINOR OUTLYING ISLANDS UM YEMEN YE UNITED STATES OF AMERICA US ZAMBIA ZM Unknown Country ZZ ZIMBABWE ZW Appendix D - Nationality Code List Code Description Code Description Code

securities and derivatives that each purchaser or transferee acquired. If the name of the purchaser or the transferee is unknown, the reporter must explain the reason(s) for such unavailability.

OF GREAT BRITAIN AND NORTHERN IRELAND GB WESTERN SAHARA EH UNITED STATES MINOR OUTLYING ISLANDS UM YEMEN YE UNITED STATES OF AMERICA US ZAMBIA ZM Unknown Country ZZ ZIMBABWE ZW Appendix D - Nationality

FKRMM’s consolidated financial statement for the 12 month ended January 31, 2017 (reviewed by KPMG)). In addition, FKRMM have 4 distribution warehouses in Malaysia, therefore, NDR has the potential to

services consists of cost of sales from electricity generation and distribution and costs of services and rental from provision of services and development of renewable energy projects. For the year 2018

. This was considered an obstacle for distribution channels of the Company’s customers as they had to postpone their purchase orders of the Company’s products. Moreover, During the year, Thailand tourism

engaged in the manufacture and distribution of High Density Polyethylene (HDPE) pipe and related certain fittings, Low Density Polyethylene (LDPE) pipe, Polypropylene (PP) pipe, Polybutylene (PB) pipe