%. The details were, as followings; Drought in 2016 caused lower cane production In 2016, drought in Thailand caused the Company less cane production in 2017. The Company has crushed cane in 2017, 6.83

production in 2017. The Company has crushed cane in 2017, 6.83 million tons compare to 7.61 million tons in 2016 or 10% less. As a result, Thailand sugar business had higher cane cost and higher sugar

tons or decreased by 9%. However the 2nd quarter 2018 which is normally the end of harvesting season, the Company has crushed cane increase significantly from 6.83 million tons in 2017 to 11.03 million

recorded in 4th quarter 2018 Financial Cost In 2017/18 harvesting season, the Company has crushed sugarcane 11.03 million tons compare to 6.83 million tons last year or increased by 61%. Therefore the

distribution cost THB 1,886 million compare to THB 1,519 million previous year. Financial Cost In 2017/18 harvesting season, the Company has crushed sugarcane 11.03 million tons compare to 6.83 million tons last

undelivered sugar which will be shipped and recorded in 4th quarter 2018 Financial Cost In 2018 harvesting season, the Company has crushed sugarcane 11.03 million tons compare to 6.83 million tons last year or

raw materials. For example, the production of crude palm oil from crushed fruit, the production of soybean oil and soybean meal from soybean, the initial processing of timber products in mills (i.e

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...