options which will increase the efficiency of the payment infrastructure. This will support its objectives of moving towards a cashless society while enabling financial transactions and economic activities

change, but believes that by moving climate-related issues into mainstream annual financial filings, practices and techniques will evolve more rapidly.” • Disclosure should be provided in the mainstream

- Market Risk • As the world moves toward low- carbon future, demand is expected to shift towards green steel/less carbon intensive steel • SteelCo is gradually moving towards green steel production, so

effectiveness, including by moving to independent chairs and increasing oversight of management. 5 | coRPoRAte goveRnAnce Rosc FoR thAIlAnd landscape landscape The Corporate Governance ROSC assessment of Thailand

as collateral for securities trading of any person; (6) allowing any person to receive benefits or oversee payments related to or because of one’s own securities trading; or (7) transferring or

transferring such securities to the customer, the derivatives business operator shall also deliver all interests or any benefit arising from such securities to such customer unless agreed otherwise. 12 The

transferring such securities to the customer, the derivatives business operator shall also deliver all interests or any benefit arising from such securities to such customer unless agreed otherwise. 12 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...

ตราสาร หรือขอ้มูลท่ีมิใช่ขอ้มูลส าคญั) (4) ผูเ้สนอขายไดร้ะบุขอ้มูลครบถว้นแลว้ 2.4 การเปิดเผยข้อมูลหลงัการเสนอขาย (continuous disclosure) อนุโลมตามหลกัเกณฑก์ารเปิดเผยขอ้มูลตามประกาศคณะกรรมการก ากบัตลาด ทุน

SEC Office in a letter notifying the approval. 11In the case where the financial advisor approved under Paragraph 1 wishes to perform duties on a continuous basis, such financial advisor shall submit an