emphasis on leveraging our strength as the number-one digital banking service provider to offer products and services “Beyond Banking”, stay relevant to “Everyone, Every Day, Every Way and Everywhere” and

Platform of Choice”, meaning the most-preferred platform that can meet customers’ needs in every aspect of their lives. We thus place emphasis on leveraging our strength as the number-one digital banking

㈎ᜎ㔎䠎䐎ℎ䠎ᘎ㤎Ďᔎ䤎ⴎ܎‎ᜀㄎ䤎܎ᤎ㔎䤎‎䀀ऎḎ㈎『䌎ᤎĎ⌎ጎ㔎ᜎ㔎䠎ᰎ㤎䤎ᬎ⌎『Ďⴎᨎ᠎㠎⌎Ď㐎ࠎ䀎ᬎ䜎ᤎᨎ⌎㐎⤎ㄎᜎࠎㄎᐎĎ㈎⌎㰎⼀瀀㸀ഀ਀㰀瀀㸀⠀㈀⤀숀  ผู้รับประกันภัยต้องได้รับการจัดอันดับความแข็งแกร่งทางการเงิน (financial strength rating) ในครั้งล่าสุดในอันดับและจาก

looking to invest in the Middle Eastern country, and a seminar entitled, “Reorganize Balance Sheet - Manage Inventory Like a Pro”, to enhance traders’ knowledge of business planning and administration

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...

efficiency of procurement process and inventory management, which could be assessed as 8% of total synergy value. A digital system will be applied in order to improve the process, resulting in Economy of Scale

following the PTT Group scheme . In addition, increasing the efficiency of procurement and managing, and reducing inventory costs by applying digital systems to improve processes such as using the E-Auction

) Financial Ratios Financial Ratios 2017 2018 9M/2018 9M/2019 Liquidity Ratios Current Ratio (time) 0.27 0.15 0.24 0.07 Average Collection Period (day) 33 32 20 16 Average Sale (Inventory) Period (day) 22 19 24

ดอกเบี้ยเงินให้กู้ยืมเพื่อซื้อหลักทรัพย์) ก ำไร (ขำดทุน) จำกกำรวัดมูลค่ำยุติธรรมหักต้นทุนในกำรขำยของสินค้ำคงเหลือ (Gain (loss) on inventory measuring at fair value less costs to sell) หมายถึง ก าไรหรือขาดทุน

68.03 Inventory 4.02 8.70 1.87 3.27 0.50 1.25 Land, building and equipment 6.74 14.60 6.07 10.62 1.70 4.26 Total Assets 46.19 100.00 57.20 100.00 39.94 100.00 Account Payable and other debtors 11.45 24.80