sector allocation with the proportion to NAV in the tabular format. 14.6 Weight according to credit rating: Fixed income funds shall display the weight of investment based on credit ratings by categorized

format. 14.6 Weight according to credit rating: Fixed income funds shall display the weight of investment based on credit ratings by categorized them into domestic debt instruments and foreign debt

proportion to NAV in the tabular format. 15.6 Weight according to credit rating: Fixed income funds shall display the weight of investment based on credit ratings by categorized them into domestic debt

. Pichai Chunhavajira (Independent Director) 2) Mr. Krisada Chinavicharana (Independent Director) 3) Mr. Teerapong Wongsiwawilas (Independent Director) 4) Mr. Visit Vongruamlarp (Ministry of Finance

%) Finance costs 452.9 313.4 (139.5) (30.8%) Total expense 779.3 628.7 (150.6) (15.5%)  Selling expense during the first quarter of 2018 was THB 47.3 mm, which increased by THB 14.4 mm or 43.8% from the same

% 129.06 75.52 53.54 70.90% Net loss before finance costs and corporate income tax (4.07) (5.85) 1.78 30.43% (25.61) (18.41) (7.20) (39.11%) Finance costs (3.17) (2.70) 0.47 17.40% (9.30) (4.40) 4.90 111.36

) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before income tax expense + Finance Cost

) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before income tax expense + Finance Cost

assets. As a percent of total revenue, administrative expenses increased from 15.1% in 2018 to 15.6% in 2019. Finance Expenses For the years ending 31 December 2018 and 2019, finance expenses decreased

increased since May 2017 with the upward trend expected until the end of 2017. Well-managed finance cost CPN was able to lower cost of debt to 2.65% p.a. from 3.24% p.a. in 2Q16, mainly from the use of