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...

supervise and ensure fair treatment for retail and SME customers will pose a heightened challenge to banking performance. To cope with these issues, commercial banks may have to fine-tune their strategies

existence of the ‘value gap’ has heightened the importance of environmental, social and governance (ESG) analysis and analysis of other intangible value-drivers, and their incorporation into investment

. Worse, Brexit risks became heightened in the wake of political change in the United Kingdom. The World Economic Outlook of the International Monetary Fund cut its 2019 global economic growth projection to

. Still, funds continued to flow into Thailand as investors sought shelter in safe-haven assets amid heightened global risks. Moreover, they saw brighter prospects in Thai bonds following the policy rate

heightened competition from other financial institutions and non-bank players, KBank has focused on strengthening customer engagement through digital channels so as to reinforce our digital banking leadership

Heightened Engagement? ....................................................... 37 Top US Legal Considerations Regarding Shareholder and Issuer Engagements ........................................... 38

usage as a way to support palm oil farmers. However, gross profit was still affected by Thailand’s heightened aggregate production capacity, which result in price competition of B100 product, combined

issuance to lock in their funding cost before any rate increase. Meanwhile, long-term bond yields moved within a narrow range amid heightened risks in emerging markets and escalating trade tension between

to maintain a suitable level of foreign currency liquid assets, consistent with growth in foreign-currency deposits, and to guard against any heightened liquidity risk stemming from volatility in the