PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED|Foreign Investment Fund : FIF,Sector Fund | Offering Date : 21/03/2011 - 05/04/2011

specific rights.  ** Consisting of utility tokens that do not primarily serve the purpose of consumption or are not a digital representation of a certificate or (Utility Token Group 2). Utility tokens whose

slight negative impact from the spread of Covid-19 in Q4 2019/20 which result in lower consumption; however the sale of food packaging segment increase to help offset the negative impact. 2. Total cost of

consumption.”In addition, the TCFD recommendations can serve the Thai capital market in moving towards the goals of the National 20-Year Strategy, support Thailand, having ratified the Paris Agreement, in its

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

the guaranteed price of palm fresh fruit brunch at 4 Baht/ kg. and encouraged biodiesel B10 and B20 consumption as fuel options throughout the year by using the State Oil Fund to subsidize the price of

service privileges. AIS focuses on strengthening network capacity and service quality to elevate customer experience amid an increasing trend of data consumption. 5G network now has 87% of nationwide

service revenues reflecting impact of COVID-19 since late 1Q20. Sale revenue dropped -4.3%YoY effected by shop closure during the lockdown and service revenue decreased -3.9%YoY from weak consumption and

criteria, which aims to raise effectiveness in resource consumption within the organization as well as reducing negative impact on environment. Executive Summary PAGE 6 MANAGEMENT DISCUSSION & ANALYSIS (MD&A