% were resulting from the marketing activities to stimulus the domestic demand of the branded products under Carabao trademark in all channels. Whereas, marketing and promotional expenses paid by ICUK for

ASEAN countries. Regarding domestic demand, private consumption expenditure grew at a slower pace amid supports from the government’s economic stimulus measures due to the declining household income and

economy is expected to gradually recover in the second half of the year as the government gradually relaxes pandemic control measures and implements stimulus measures to boost domestic travel and demand. V2

beginning, promising further growth to come, aided by government stimulus spending. US it seems is firing on all cylinders and China is the first to emerge with strong demand. If Europe unites in stimulating

developments warranted a close watch, particularly in US politics, which were a drag on the implementation of economic stimulus measures and tax reform. In addition, Britain’s economic outlook was obscured by

farmers lose their income and lack purchasing power. Despite the government’s stimulus measures and tax measures to stimulate domestic spending, the tourism industry, and promoting many mega projects as

recover, which is driven by low unemployment rate, a gradual recovery of income and government economic stimulus measures. Meanwhile, Thailand electricity usage in 11M/2018 was at 172,709 Gigawatt-Hours

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...

business and financial standing, as well as supporting their growth and opportunities, led by the government’s economic stimulus measures and other factors. Along with that, we developed our business in

supporting their growth and opportunities, led by the government’s economic stimulus measures and other factors. Along with that, we developed our business in various dimensions – customers, product domains