was mainly from renewable energy projects in accordance with AEDP 2015, which faced many competitors. Simultaneously, the electricity demand in Asia-Pacific region is continuously on a rising trend

from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy

crude oil price surged in the quarter, marketing margin soften; attributed to the retail service station prices were unable to adjust at the same pace as the rising fuel cost. In comparison with Q4/2018

$/BBL when compared to Q1/2017 with respect to rising demand in Asia, especially in India where the government sector had numerous base infrastructure investment project in place. Gas oil/Dubai crack

) requirement, which gradually raised the Common Equity Tier 1 ratio by 1.00 percent, beginning with a 0.50 percent increase from January 1, 2019, rising to 1.00 percent from January 1, 2020 onwards. To satisfy

needed to address climate change issues. They range from wind farms and solar and hydropower plants, to rail transport and building sea walls in cities threatened by rising sea levels. Only a small portion

change. They range from wind farms and hydropower plants, to rail transport and building sea walls in cities threatened by rising sea levels. Only a small portion of these bonds have been labelled as green

inequality / taxation Data privacy and rising cyber security threats Age of transparency: consumer awareness Gov. mandated to regulate corp. sector Public sector spending constraints Resource intensity of

company to govern retail service station prices that best accommodate the finished product cost. While, in Q3/2018 crude oil price was on the rise, retail price adjustment was outpaced by the rapidly rising

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...