PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 19/02/2018 - 27/02/2018

continued intense competition. The postpaid segment further developed a positive momentum and contributed a larger pie YoY in revenue share. Accelerated 5G users with superior network and service experiences

consumption, boosted by inbound tourist- related usage. Subscriber growth aligned with domestic demand supported by effective quality acquisition strategy and superior network. Mobile ARPU continued growing YoY

network has reached 76% of population across 77 cities, focusing on the high- usage areas and utilizing the 2600MHz and 700MHz to provide a superior customer experience compared to our peers. Additionally

-0.6% QoQ, mainly from seasonal effects amid consistent efforts to upsell value packages. AIS emphasizes growing mobile business with value creation for all customers leveraging on superior service and

-related usage. The resumed growth was driven by delivering superior quality in network and services with value-based package structures, together with the deployment of personalized cross-selling upselling

network expansion led to increasing cost of service 3.9%YoY and 3.4%QoQ; however, SG&A was well-managed and dropped -12%YoY and -8.8%QoQ, resulted in stabilized EBITDA with -0.9%YoY and +1.6%QoQ. Net profit

%. Delivered FY20 performance in-line with guidance from well-managed cost Overall FY20 performance tracked in- line with all guidance. Core serviced revenue of Bt129,594mn declined -5.1%YoY vs guidance of low

from the public and represent rights to holders to participate in pooled benefits from pooled contributions which are collectively managed where investors have no control over day-to-day operation, but

robust operational performance across all our assets. The on-going structural changes in the PET industry created opportunity for well-managed and committed producers to align supply reliability and