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...

opened several new stores that further contributed to the growth in revenue from sale of goods. The new stores in 2019 were Index Living Mall Chaiyapruek (opened in Jan 19), Index Living Mall Chanthaburi

improvement as planned, following the improved product mix with an increased sales proportion of higher profit margin products.  In 9M/2019, the Company has opened several new stores, including Index Living

expenses, along with the expansion of gross profit margin through the selection and improvement of product quality to better meet the needs of customers. In 2017, the Company opened 1 HomePro stores at Lotus

Baht 48.78 million from sale of its investment property that has not been used and planned in its business operation (part 1) comprising 5-0-40.9 rai with opened-air-sport court ( the 2 nd part of the

, PlabplaSubdistrict, Wangthonglang District, Bangkok 10310 with aggregate area of 11-00-1 Rai at 43,500 per square wah, or approximately baht 191.44 million , and (2) Sport Court (opened-air), situated on some parts of

repairs, improvements and replacements; and the “Service concept” - home service by a professional Homepro team. The store expansion plan continued during the third quarter. A store of Mega Home was opened

. Absolute Yoga which opened 5 new studios last year has fully ramped up the operation and generated more income to the group. 2. Total expenses of Baht 30.12 million, decreasing by Baht 2.28 million or 7

opened 1 large branch which is Phetkasem branch using automated storage and retrieval system (ASRS) for more efficient in warehouse management and the company opened 5 Dohome To Go branches which are Makro

renovated the pediatric ward with pediatric specialists and nurses available 24 hours a day. February Kasemrad Hospital Rattanathibeth has opened a new 7-story building to increase the convenience for