DAOL INVESTMENT MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 14/03/2024 - 20/03/2024

pushing biodiesel B10 to be the mandatory diesel in 2020 that lead to sharply rise in crude palm oil ( CPO) and crude palm kernel oil (CPKO) prices at the end of 2019. Since early 2019, the stock of crude

domestic and international market, consequence to drastically lower crude palm oil (CPO) and crude palm kernel oil (CPKO) prices than that of 1Q2018. Under these circumstances, the government has maintained

3,249 -33% 2,438 -10% - Mid Cut 1,225 1,241 -1% 1,157 6% - Long Chain 1,180 1,183 -0.3% 1,106 7% Average Fatty Alcohols (2) 1,289 1,385 -7% 1,244 4% Crude Palm Kernel Oil (CPKO) (3) 800 677 18% 742 8

palm oil and crude palm kernel oil (CPKO) comparing with previous year. Under these circumstances, the Thai government has maintained biodiesel mandate at B7 for whole year. In addition, the government