Tangible Asset (NTA) of the consolidated financial statements as at March 31, 2020 (NTA: 3,052,873,024.- Baht) with details As follows : The use of trademarks and commissions to sell products under Brand

, 2020 (NTA: 3,052,873,024.- Baht) with details As follows : The use of trademarks and commissions to sell products under Brand “Duro”. and Technical services Agreement Parties Involved Service Provider

) of the consolidated financial statements as at March 31, 2020 (NTA: 3,052,873,024.- Baht) with details As follows : The use of trademarks and commissions to sell products under Brand “Duro”. and

connection, e.g., shareholders, entities whose shares are held, common shareholders, common directors, using the same trademarks, or sharing employees, etc. In case of shareholding between the audit firm and

for skincare, cosmetics, supplementary food and skin medicine under trademarks including trademark of “DERMALIS”, (which will be transferred on share sale and purchase date from the seller’s connected

established in 2011 and operated business Original Equipment Manufacturer or OEM for skincare, cosmetics, supplementary food and skin medicine under trademarks including trademark of “DERMALIS”, (which will be

skin medicine under trademarks including trademark of “DERMALIS”, (which will be Criterion Calculation Method Transaction size 1. Net tangible assets (NTA) Proportion of assets acquired (100%) x NTA AT

and trademarks. As at the end of 2017, the Group had intangible assets of THB 243.60 million or 8% of the total assets, a decrease of THB 21.53 million due to the annual amortization expenses. o Other

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...

assets, trademarks and goodwill. Liabilities As of 30 September 2018, the Company reported total liabilities of THB 5,273 million, an increase of THB 1,175 million or 28.7% from 31 December 2017. • Current