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...

LIMITED MAKRO: SIAM MAKRO PUBLIC COMPANY LIMITED MALEE: MALEE GROUP PUBLIC COMPANY LIMITED MANRIN: THE MANDARIN HOTEL PUBLIC COMPANY LIMITED MATCH: บริษัท แม็ทชิ่ง แม็กซิไมซ์ โซลูชั่น จำกัด (มหาชน) MATI

with over 90 football clubs throughout the country taking part in the match, is renamed into Carabao Cup over the contract term. We realized that these football sponsorship agreements together with the

LIMITED MAKRO: SIAM MAKRO PUBLIC COMPANY LIMITED MALEE: MALEE GROUP PUBLIC COMPANY LIMITED MANRIN: THE MANDARIN HOTEL PUBLIC COMPANY LIMITED MATCH: MATCHING MAXIMIZE SOLUTION PUBLIC COMPANY LIMITED MATI

LIMITED MALEE: MALEE GROUP PUBLIC COMPANY LIMITED MANRIN: THE MANDARIN HOTEL PUBLIC COMPANY LIMITED MATCH: MATCHING MAXIMIZE SOLUTION PUBLIC COMPANY LIMITED MATI: MATICHON PUBLIC COMPANY LIMITED MAX: MAX

the fuel cost with an effective allocation of power generation capacity to match the demands of each generation unit, and the costs of spare part management. 7.6 The Company will be able to accommodate

the fuel cost with an effective allocation of power generation capacity to match the demands of each generation unit, and the costs of spare part management. 7.6 The Company will be able to accommodate

, which will reduce redundancy in future investments and decrease the fuel cost with an effective allocation of power generation capacity to match the demands of each generation unit, and the costs of spare

expenses associated with GLAND’s operations since the acquisition in 3Q18 onwards. Nonetheless, CPN demonstrated prudent cost control measures and closely monitors the expenditure level to match revenue

will also fine-tune products for sale to match with customer preference in each area to attract more customers to visit and shop more.