MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED|Feeder Fund | Offering Date : 16/11/2021 - 24/11/2021

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the

, in particular “EEC & the Future of GMS: Investment Opportunities for Chinese in Thailand”, were organized for Chinese customers. For the delivery of world-class services, we continued to collaborate

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

totaled Baht 34,338 million, a decrease of Baht 5,836 million, or 14.53 percent. Meanwhile, KBank maintained net interest margin (NIM) at 3.44 percent, which was within the set target, and cost-to-income

continued to see limited support, after growing by 2.30 percent in the second quarter. The Thai economy did show some signs of strength in the third quarter, due mostly to the low base effect of the same

Fund had maintained its global economic projection for 2018 at 3.9 percent given that the US economy is expected to be bolstered by tax cuts and government spending hikes whereas other advanced economies

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

Enterprise businesses which rose on digitization demand from home and business customers. The mobile business leadership was sustained with AIS focusing on quality acquisition and profitable segments despite

business continued the growth momentum with revenue of Bt2,710mn, growing 11% YoY and 4.3% QoQ from a subscriber base growing above the industry average. AIS maintained superior service quality and