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...

by the International Finance Corporation (IFC). In addition, KBank believes that good corporate governance is essential for sustainable business operations. Aside from creating confidence among all

issued ordinary shares to the private placement investor is appropriated and being an essential part to support the Company’s business plan. 2) Objective regarding the Issuance of Newly Issued Shares to

being an essential part to support the Company’s business plan. 2) Objective regarding the Issuance of Newly Issued Shares to Offer to the investor: Based on the aforementioned of the Company’s business

essential for sustainable business operations. Aside from creating confidence among all stakeholders, it is instrumental in making KBank a Bank of Sustainability. In this quarter, KBank granted the rights to

exercising legal rights to sue against them as well). Besides, receiving compensation will help reduce burden of License fee, adjust financial ratios, and be essential to solving financial problems by reducing

essential for sustainable business operations. Aside from creating confidence among all shareholders and stakeholders, it is instrumental in making KBank a Bank of Sustainability. KBank thus organized a

corporate governance is essential for sustainable business operations. Aside from creating confidence among all shareholders and stakeholders, it is instrumental in making KBank a Bank of Sustainability. In

of larger firms, corporate culture is likely one of the most essential issues to address. However, for smaller companies, corporate culture is likely not among the most critical concerns to address

calling for policy action on climate change. Provide analysis to highlight the essential role of public policy in achieving emissions reduction in specific sectors, communities, and across the economy