September 30, 2017 in 6-month period 729.08 = 37.03% As flowing details: 1. Signing on Acquisition of Assets and Dialysate Units Business with = 10*100 Traivej Co., Ltd. on December 29, 2017 729.08 = 1.37% 2

pumped more water to Klongyai and Nongplalai reservoir while the water flowing into Prasae reservoir during the beginning of the year was also lower compared to the same period of last year. The average

2017 continued to recover with exports and tourism as the main drivers. Exports grew by 12.5 percent from the same period last year across almost all products and markets, with the benefits now flowing

risks and rewards flowing from an operation. Typically, the share of economic risks and rewards in an operation is aligned with the company’s percentage ownership of that operation, and equity share will

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...