recognition WCIH as subsidiary company. 3 2. Financial Performance Summary – by business Revenues by business Baht’000 Consolidated 2019 2018 ∆% Distributor of medical devices and equipment 1,736,795 1,828,053

Revenues by business THB’000 Consolidated 2018 2017 ∆% Distributor of medical devices and equipment 1,828,053 1,782,400 3% Margin 649,877 623,323 4% Beauty services 232,061 691,395 -66% Margin (22,995

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...

Performance Summary – by business Revenues by business THB’000 Consolidated Q2/2019 Q2/2019 ∆% Distributor of medical devices and equipment 451,157 415,547 9% Margin 163,818 160,282 2% Beauty services 33,424

at the previous year and increase loss by 17% compare to Q1/16. 2 2. Financial Performance Summary – by business Revenues by business Q2/2017 Q2/2016 YoY THB’000 THB’000 Distributor of medical devices

of 34 branches will be received after 1 January 2020. 2. Financial Performance Summary – by business Revenues by business THB’000 Consolidated Q2/2018 Q2/2017 ∆% Distributor of medical devices and

decrease in expenses of beauty business. 2. Financial Performance Summary – by business Revenues by business THB’000 Consolidated Q2/2020 Q2/2019 ∆% Distributor of medical devices and equipment 430,615

/2018 Δ% Q2/2019 Δ% Q1/2019 Δ% Distributor of medical devices and equipment 452,572 482,331 -6% 451,157 0% 445,864 2% Margin 168,235 165,941 1% 163,818 3% 163,554 3% Beauty services 56,165 52,024 8

Company has net profit of Baht 191 million in Q1/2018. Financial Performance Summary – by business Revenues by business THB’000 Consolidated Q1/2019 Q1/2018 ∆% Distributor of medical devices and equipment

increasing by 268% compared to the period at the previous year. 2. Financial Performance Summary – by business Revenues by business THB’000 Consolidated Q1/2018 Q1/2017 ∆% Distributor of medical devices and