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

significantly by 222.5% YoY to THB 1,481mn, predominantly due to the consolidation of the acquired hotel business in Europe (Vienna House), the improving operating performance of our hotels in Thailand and the

significantly by 139.5% YoY to THB 1,791mn, predominantly due to the full quarter consolidation of the acquired hotel business in Europe (Vienna House), the consolidation of assets from the Entire Business

benefited from TTTBB enterprise revenue consolidation. Market and Competitive Environment In FY23, the Thai economy sustained modest growth, driven by private consumption and the recovering tourism sector

services from TigerSoft, HUMAN managed to slightly lower cost of sales and services. The overall growth in cost of sales and services was in line with the 29.3% growth in sales and services revenue. Gross

, increasing 20% YoY from TTTBB consolidation and organic business growth, while increasing 1.4% QoQ driven by continued demand for mobile and fixed broadband connectivity. FBB maintained a growth engine

% YoY to THB 6,976mn, preeminently due to full year consolidation of the hotel business in Europe and from acquired assets under the Entire Business Transfer of Unicorn Enterprises Limited (EBT of UE

Malaysia  Currently, Titanium Compass Sdn Bhd (“TCSB”) managed advertising on 2 stations and 15 trains, while the SBK Line recorded ridership of more than 200,000 trips, having fully operated since July

growth was chiefly attributed to (i) higher operating revenue from the hotel business in Europe, which contributed operating revenue of THB 1,256mn, an increase of 9.4%YoY or THB 108mn; (ii) consolidation

consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of Baht 38.6 million from office building in London, U.K. 3) Other revenue of Baht 82.5 million, which grew by