the lockdown is lifted and get aligned to normalization and continue to retain its market share as explained in the rationale section and thus continue to promote IVL’s strategy in Home & Apparel

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...

internal resources and financing through our routine funding sources. At this stage, the Bank does not expect to raise equity specifically for the purpose of funding this Transaction. 5. Transaction

Overview In the year 2017, the overall picture of the apparel industry remained stable in line with the Thai and global economy. The sale of goods to foreign countries has been affected by the appreciation

improve its operating rate, product mix and also complement IVL’s strategy in global Home & Apparel segment to serve its global customers with differentiated HVA fibers. This transaction follows investments

agriculture and forestry Sustainable Agriculture 12, 15 Manufacture of food products, apparel and beverages; Distribution of.. - % sustainable consumption of forest risk commodities (contribution to zero net

: The company is engaged in manufacturing operations for ladies’ apparel products, covering the range of ladies’ lingerie, ladies’ outerwear, and childrenwear, with ladies’ lingerie category serving as

electronics and screens was steady. The automotive and oil related segments saw severe drops in off-take and for the first time we saw the shutdown of the retail segment which impacted our apparel demand. • Our

, the government relief measures for flexible living routine such as the opening of the shops, restaurants and beauty salons which affected to increase in traveling trips. The Company expects that the

agreed between the Company, its subsidiaries and connected entities as routine business operations, which could be summarized as follows: (Unit: Thousand Baht) For the three-month periods ended 31 March