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...

, electricity charge, medical utensils costs, and medical consumable supplies. In the year 2018, the Company has one-time costs in activating new hospital building amounted to Baht 4.80 million. Other Income The

Seller or its agents which consist of kitchen systems, utensils, electrical appliances, office equipment, furniture, decorations and tools used in Kitchen Plus; 4 (2) All rights and https

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

-on-period basis was attributable to the Company having some costs in personnel, doctor fee, drugs and medical supplies, depreciation, electricity charge, medical utensils costs, and medical consumable

branches, as well as other rights and obligations under the related agreements; (3) Trademark/Service Mark under the name “Kitchen Plus”; (4) Kitchen systems, utensils, electrical appliances, office

operated by the Seller or its agents which consist of kitchen systems, utensils, electrical appliances, office equipment, furniture, decorations and tools used in Kitchen Plus; 4 (2) All rights and

, salary of production unit’s staff, depreciations, kitchen utensils and space usage expense of production unit. Major part of cost of sales is raw materials. 188 137 Q1/19 Q1/20 65.5% 62.6% Gross Profit