the amount equivalent to the amount of the dividend paid per share should GLOW pay the dividend prior to the fulfilment of the conditions precedent). In this regard, the Company has entered into the

activity , net cash used Baht 13.4 million has essence transaction as follows: - Loss from operating before changing in operating asset and liability of Baht -12.5 million - Trade and other receivables

(decrease) Consolidate financial statement TOTAL ASSET 1,185.22 1,214.62 (29.4 ) (2.42%) TOTAL LIABILITY 701.72 668.88 32.8 4.91% TOTAL SHAREHOLDERS' EQUITY 483.50 545.74 (62.2 ) (11.40%) STATEMENT OF

from the company business. In addition, the Company also had loan from financial institution in the year 2018 amounting to 12.00 THB mn. The non-current liability included lease liability, deferred

accuracy and completeness of information contained in the registration statement. The liability for certification of the accuracy and completeness of information contained in the registration statement is

6 Offer Price Original The Offer Price is THB 91.9906 (Ninety-one point nine nine zero six Baht) per share (the “Offer Price”), which will be reduced by an amount of dividend to be received by the

disposal of assets 435 1,021 165 (57.4)% 163.6% 2,134 1,049 103.4% Dividend income 616 667 691 (7.6)% (10.9)% 3,769 3,781 (0.3)% Other operating income 129 162 167 (20.4)% (22.8)% 562 1,218 (53.9)% Total

efficiency programs. Cash CAPEX is expected to slow down YoY to a range of Bt35-38bn and will be spent mainly on 4G network and fixed broadband expansion in last miles. We maintain the dividend policy to pay

from the difference between the advance payment due to the front-loaded AP (cash revenue) and the levelized AP (accounting revenue). 3  In 2Q2019, the AGM approved dividend payment from the 2018

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...