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...

operation results for the year 2017, the Company would like to provide the clarification of performance which was decreased more than 20% compared to the previous year. For the year 2017, the operating

operation results for the year 2018, the Company would like to provide the clarification of performance which was decreased more than 20% compared to the previous year. For the year 2018, the operating

decreased 30.54 million baht, or equivalent to 9.37% from the same period of previous year due to the Thai economy that slowed down. Spending and government investment were inadequately driven economy

, the company would like to provide the clarification of performance which was increased more than 20% compared to the previous year. The company had a net profit of 34.44 million baht which is equivalent

operation results for the second quarter of 2020, the Company would like to provide the clarification of performance which was increased more than 20% compared to the previous year. For the second quarter of

baht, decreased by 16.36 million baht or 61.98% from the previous year as following details. - In 2018, the total services revenue was 365.31 million baht decreased from the previous year by 19.90

baht, increased by 40.91 million baht or 407.74% from the previous year as following details. - In 2019, the revenue from services was 476.92 million baht increased from the previous year by 111.61

for the third quarter of 2017, the company would like to provide the clarification of performance which was decreased more than 20% compared to the previous year. The company had a net profit of 56

the first quarter of 2019, the company would like to provide the clarification of performance which was decreased more than 20% compared to the previous year. The company had a net profit of 8.36