income of THB 105mn for property management and administration services rendered, (iii) higher other (sundry) income of THB 71mn being primarily offset by (iv) lower gain on sale of assets and subsidiaries

depreciation utilities and other administration expense. Finance Costs Finance Costs consist of lease payments under the Sub-lease Agreement from the Samui Property Fund (SPF) for Samui Airport which include the

other administration expense. Finance Costs Finance Costs consist of lease payments under the Sub-lease Agreement from the Samui Property Fund (SPF) for Samui Airport which include the rental portion of

balance was charged to administration expenses. (The tolling service contract terminated on 31January 2019). The Company also recorded expenses for fees of Baht 67 million in year 2019 according to

; however, an increase in selling and administration expenses as a result of the opening of Baan Dusit Thai and consulting expenses for other projects in progress caused the negative impact to EBITDA

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...

Enterprise Labor Relation. The Company Relations Committee Entitled Minimum Standards of Employment Conditions in State Enterprise (No. 4) and special business tax on cash payments received from a significant

measure for such employees by paying compensation as a result of the layoff in accordance with labor law. Moreover, the Company has remedied service users as proposed to NBTC by publicizing the date of

Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain

investment purposes by business sectors tended to decline. Demand for consumer loans declined in all categories due to the impact of pandemic control measures, especially auto-leasing loans, as labor incomes