domestic tourism, including expand tourism covering various areas. Thus, the Company aims to find new additional areas and partnerships for caravan and covering various areas in Thailand, such as beach view

results  In Q2/2017, the Company and its subsidiary recorded total sales of Baht 1,370 million, a decrease of 21% YoY due to the slowdown in domestic sales and CMG business. However, Branded export sales

: Quarterly results  In Q3/2017, the Company and its subsidiary recorded total sales of Baht 1,500 million, a decrease of 15% YoY due to the slowdown in domestic branded and export CMG sales. However, export

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...

) Quarterly Change 1/2018 1/2017 % Sale Domestic Sale 106.6 136.8 (22.0) Export Sale 295.2 376.0 (21.5) Total Sale 401.8 512.8 (21.6) Foreign Exchange Gain 6.1 1.0 533.3 Other Income 0.8 1.5 (45.9) Total

 In Q4/2017, the Company and its subsidiary recorded total sales of Baht 1,531 million, an increase of 2% YoY, following growth from domestic CMG launching new products as well as continue growth from

number of restaurants and bakery shops in domestic and overseas countries. The growth of the same store sales of domestic restaurants and bakery shops under the brand “S&P” decreased by 4.00 percent. For

million, increased by 3.1% compared to the same quarter last year. Total sales were Baht 510.1 million, increased by 4.5%. The contributions were from domestic sales 22.5% and export sales 77.5%. Gross

. Our domestic performance has been strengthen by the product strategies that are not only limited to rolling out branded products by 3rd party manufacture, ranging from Drinking Water launched since the

Covered Entity located in the other Authority’s jurisdiction for supervisory purposes. (g) “Domestic Law” means any applicable laws, ordinances and other regulations or requirements in each Authority’s