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

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

the face of these challenges, AIS’s execution focusing on profitable revenue brought in a core service revenue of Bt33,351mn, growing 2.3% YoY. This growth was driven by the continued expansion of fixed

services to uplift the ARPU. Sustaining growth in the bottom line with profitable revenue focus and cost discipline. 3Q23 provided an EBITDA of Bt23,674mn, increasing 7.2% YoY and 1.5% QoQ with a healthy

reported 1Q24 EBITDA of Bt27,769mn, delivering a growth of 23% YoY, 16% QoQ from profitable revenue expansion with efficient cost management. The TTTBB acquisition has also been accretive to AIS’ EBITDA

. The growth was attributed to both solid ongoing operations as well as new acquisition of TTTBB, while sustaining a healthy margin of 49% through a focus on profitable revenue and efficient cost

condition which drove higher competition in the market, resulting in cancelation of our cement powder transportation as it is evaluated to be non-profitable. The company adjusts its strategy and shareholder

Verita has the ability to perform business which will be profitable in the future and can be used for loan repayment. For another 2 borrowers, BBW and DDAT who are not connected persons, the Company has an

focus – AIS continues to focus on a profitable market share by delivering superior 5G experiences of network quality and coverage. We will place our efforts on creating value-based differentiation through

business growth, while decreasing -0.5% QoQ from higher SG&A. EBITDA margin improved to 54% from continual focus in profitable revenue, cost management, and improved device margin. AIS reported a net profit