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...

tax expenses (90) 8 (46) 646% (49%) Profit before FX & extraordinary items 1,074 607 1,302 114% 21% Net foreign exchange gains (losses) (21) (3) (52) n/a 146% Net profit 1,053 604 1,250 107% 19% Non

Pty. Ltd., BCP Energy International Pte. Ltd., BCP Innovation Pte. Ltd., BCPR Co., Ltd. and share of profit from associated companies 6/ Others items and elimination 7/ Q2/2018 financial statement was

ventures 152 131 157 20% 4% 517 595 15% Income tax expenses (66) (49) 8 n/a n/a (257) (243) (5%) Profit before FX & extraordinary items 786 1,055 607 (42%) (23%) 3,445 3,904 13% Net foreign exchange gains

associated companies 6/ Others items and elimination As for performance in Q4/2019, Bangchak Corporaiton Plc. (“the company”) and its subsidiaries earned revenue from selling of goods and rendering of service

of Nido Petroleum Pty. Ltd., BCP Energy International Pte. Ltd., BCP Innovation Pte. Ltd., BCPR Co., Ltd. and share of profit from associated companies 6/ Others items and elimination As for the

selection of accounting policy, observations or qualified opinion of the auditor on significant accounting items (if any), and the results of the implementation of the business plan and objectives in relation

or qualified opinion of the auditor on significant accounting items (if any), and the results of the implementation of the business plan and objectives in relation to financial information; - In the

authorization to the Company’s Chief Executive Officer to consider amending agenda items, date, time and venue of the Extraordinary General Meeting of Shareholders No. 1/2018 as appropriate taking into account

No. ECF2 035/2562 23 September 2562 Subject Notification on the resolutions of the Board of Directors’ Meeting approving the purchase of the ordinary shares in KPN Academy Company Limited, the increase of registered capital, the issuance and the allocation of the newly-issued shares to specific persons (Private Placement) and the convening of the Extraordinary General Meeting of Shareholders No. 1/2019 (2nd additional) To Director and Manager The Stock Exchange of Thailand Enclosure 1. Informati...