disclosed information in a transparent and fair practice. This reflects the confidence from government agencies to provide accurate, up-to-date, and sufficient information to investors fairly. December 2019

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...

by the International Finance Corporation (IFC). In addition, KBank believes that good corporate governance is essential for sustainable business operations. Aside from creating confidence among all

’ knowledge, understanding and awareness of human rights principles, to prevent human rights violations. KBank believes that good corporate governance is essential for sustainable business operations. Aside

issued ordinary shares to the private placement investor is appropriated and being an essential part to support the Company’s business plan. 2) Objective regarding the Issuance of Newly Issued Shares to

being an essential part to support the Company’s business plan. 2) Objective regarding the Issuance of Newly Issued Shares to Offer to the investor: Based on the aforementioned of the Company’s business

essential for sustainable business operations. Aside from creating confidence among all stakeholders, it is instrumental in making KBank a Bank of Sustainability. In this quarter, KBank granted the rights to

exercising legal rights to sue against them as well). Besides, receiving compensation will help reduce burden of License fee, adjust financial ratios, and be essential to solving financial problems by reducing

essential for sustainable business operations. Aside from creating confidence among all shareholders and stakeholders, it is instrumental in making KBank a Bank of Sustainability. KBank thus organized a

corporate governance is essential for sustainable business operations. Aside from creating confidence among all shareholders and stakeholders, it is instrumental in making KBank a Bank of Sustainability. In