1,349.8 1,294.3 55.5 4.3 Unbilled Payables 481.0 459.8 21.2 4.6 Long-terms loans, current portion 16.1 29.0 (12.9) (44.5) Income tax payable 37.5 24.8 12.7 51.2 Advanced receipts from customers 58.6 87.8

payable 1.37 0.21 1.16 552.38% Other current liabilities 12.87 22.86 (9.99) (43.70%) Total current liabilities 479.24 451.33 27.91 6.18% Non-current liabilities Long-term bank borrowings 163.02 188.14

% Trade payable 115.73 113.26 113.88 2% 2% Interest-bearing debts 371.60 70.06 1.80 430% 20571% Employee Benefit Obligation 40.83 27.54 38.35 48% 6% Other liabilities 75.41 52.72 80.83 43% -7% Total

Quarter Change Q3–18 Q4–17 Q3–18 VS Q4–17 (MB) (MB) % Trade and other payables 1,066.5 1,294.3 (227.8) (17.6) Long-terms loans, current portion - 29.0 (29.0) (100.0) Income tax payable - 24.8 (24.8) (100.0

% Goodwill 87.80 87.80 87.80 0% 0% Other assets 58.30 62.65 70.03 -7% -17% Total assets 1,828.34 1,831.10 1,901.25 0% -4% Trade payable 126.33 122.27 113.88 3% 11% Interest-bearing debts 350.42 2.07 1.80 16859

237.11% which having the significant movement as follows:  Account payable and other current payable decreased Baht 41.35 million, due to decreasing of accrued rental payment Baht 32.62 million which it

Accounts payable 65.80 88.56 (22.76) (25.70) Long-term loan 102.37 118.73 (16.36) (13.78) lease liabilities 151.25 2.75 148.50 5,399.96 Other liabilities 26.43 37.11 (10.68) (28.78) Total liabilities 345.85

has significant changes Balance by Quarter Change Q1-22 Q4-21 Q1-22 VS Q4-21 (MB) (MB) % Income tax payable 44.0 29.3 14.7 50.2 Contract liabilities 361.2 405.9 (44.7) (11.0) Other current liabilities

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...

affected of long-term employment benefits of 400 days scheme increasing of Baht 26.00 million and account payable of Baht 41.41 million. The shareholders' equity decreased by 15.17% resulting from the loss