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...

initiatives abroad, as well as a bullish interest rate trend. As a result, business income and costs were adversely affected. Under these circumstances, KBank put in place more stringent customer approval

Company Limited 148/1 Soi Ramintha 14, Ramintra Road , Tharang, Sub - District Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 Recently, retail business trend is decelerate due to the

148/1 Soi Ramintha 14, Ramintra Road , Tharang, Sub - District Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 Recently, retail business trend is decelerate due to the continuously

less accommodative in their monetary policies. Looking forward, global interest rates are therefore likely to be on an upward trend. Amid the trade rift which may make the global economic recovery

, licenses or Contracts × IX. OPERATING AND FINANCIAL REVIEW AND PROSPECTS A. Operating Results ม.69 (7) ฐานะทางการเงิน การดําเนินงาน และขอมูลท่ี สําคัญของธุรกิจ B. Liquidity and Capital Resources × C. Trend

FINANCIAL REVIEW AND PROSPECTS A. Operating Results ผลการดําเนินงาน B. Liquidity and Capital Resources แหลงเงินทุนและสภาพคลอง C. Research & Development, Patents and License, etc. การวิจัยและพัฒนา D. Trend

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

and sustainability. • Natural gas prices continuously decreased in the second half of 2019 and has a slight downward trend in 2020. However, variou s situations remain uncertain, making it challenging

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) and the Entry into Connected Transaction of Nation Broadcasting Corpor...