and wholesalers. 42.67 59.50 (16.83) (28.28) 2. modern retailers and department stores. 66.02 79.01 (12.99) (16.44) 3. retailers, retail and other retail customers. 28.02 31.37 (3.35) (10.68) 4

. modern retailers and department stores. 110.78 122.24 (11.46) (9.38) 3. retailers, retail and other retail customers. 40.27 47.80 (7.53) (15.75) 4. customers abroad. 18.00 9.30 8.70 93.54 Total revenue

period for our operations due to the COVID-19 pandemic. We temporarily closed non-food stores in accordance with the government requirement, while our food businesses still operated with reduced operating

reduced by 87.7% QoQ, mainly due to the decrease in operating revenue by 17.2% QoQ as the stores closed longer QoQ, with 45 days operation and 46 days closure in Q2/2020, compared with 81 days operation and

forced to close stores Q1 2020 2019 YoY% 2019 QoQ% Revenue from sales 672.4 769.9 -12.7% 803.3 -16.3% Revenue from service - 0.2 - Total revenue from sales & service 672.4 770.1 -12.7% 803.3 -16.3% Cost of

for our operations due to the COVID-19 pandemic. We temporarily closed our stores in accordance to the government requirement in the second quarter. Going into this crisis, we had a well-developed

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...

% from the same period last year, and represented 37% of total revenues. This was due to the fact that the Company has focused on promotional activities were also organized jointly with leading shops and

channel such as big retail stores/hypermarkets and dealer shops all over the country and Sharing of gain (loss) from investment value of the associates decreased from the last year since the expenses of

Jan – Dec 2017 Jan - Dec 2016 Increase (Decrease) Mimmion Baht Percent 1. retailers and wholesalers. 86.73 96.75 (10.02) (10.36) 2. modern retailers and department stores. 149.29 167.50 (18.21) (10.87