various forms of exercise including food consumption or use products that are more focused on health. D Innovation, therefore, sees that business that is in line with consumer healthcare is a good

geographies. This performance reflects strong demand for our products, structurally higher margins and utilization rates, and the results of our long-term investment strategy. The business remains focused to

Ventures 3rd Quarter 2018 MD&A 6 Portfolio Performance We have strong momentum across our diversified portfolio and the business remains focused to benefit from the likely continuation of the mid-cycle

consumption or use products that are more focused on health. D Innovation, therefore, sees that business that is in line with consumer healthcare is a good investment. Therefore, it conducted a study to find

seen from the fact that everyone focuses on various forms of exercise including food consumption or use products that are more focused on health. D Innovation, therefore, sees that business that is in

care throughout the world which can be seen from the fact that everyone focuses on various forms of exercise including food consumption or use products that are more focused on health. D Innovation

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...

VIII, which expected to replace their coal-focused power plants with schemes favoring cleaner sources, including renewables and LNG. Furthermore, Vietnam wholesale electricity market (VWEM) has

will drive the industrial growth of the country forward. The company also focuses on growth in focused countries both Myanmar and Lao People’s Democratic Republic (Lao PDR), for international business

each region will be focused rather than concentrating on the Southern as in the past. Moreover, the proportion of gas-fired power plant (imported LNG) is increased, which is higher than in PDP 2015 that