statements ended 30 June 2019 of the Company, the highest transaction size is 19.98 percent based on the value of securities issued by the Company criterion. The combination of such transaction size and other

was Baht 250.53 million. The Company reserved the allowance of inventory impairment by using the criterion as same as in previous year. Thus, the remainder reserved in this year was Baht 2.22 million

investment in Carnival Magic Project, calculated on the basis of total value of consideration which is the criterion with the highest result, is equivalent to 157.3% of the Company and its subsidiary total

Carnival Magic Project, calculated on the basis of total value of consideration which is the criterion with the highest result, is equivalent to 157.3% of the Company and its subsidiary total asset. The

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...

total value of consideration criterion, which gives the highest transaction value (according to the reviewed consolidated financial statements of the Company for the period ended June 30, 2017). After

percent calculated based on the first calculation basis i.e. Net tangible assets criterion based on the Consolidated Financial Statements ending 30 June 2017. The Company would like to disclose the

Disposal”), representing the maximum transaction value of 0.04 percent calculated based on the first calculation basis i.e. Net tangible assets criterion based on the Consolidated Financial Statements ending

Shopping b tes Baht 400 s is 4.00 perc business, it is ers Associatio ht 15,000,000 ng to the No nto Material T Governors o mpanies Con isition and D ration criterion m the Compa d into the tran the Board o

systems” and “Respect and management of working hours”; - Business Behaviour, in the criterion “Anti-competitive practices”. Frequency: The controversies faced are considered “occasional”9, in line with the