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

due to the higher gross profit and the lower administrative expenses. As a result, overall net profit of the Group is increased. Analysis of revenues Q1’ 2018 Q1’ 2017 Increase (decrease) Million Baht

the decline in import of capital goods and the number of registered vehicles. Public spending excluding transfers contracted yoy from current expenditures while capital expenditures grew from the

import of capital goods and the number of registered vehicles. Public spending excluding transfers contracted yoy from current expenditures while capital expenditures grew from the expenditures of state

business and the lower administrative expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q3’ 2018 Q3’ 2017 Increase (decrease) Million Baht % Million Baht % Million

the lower selling expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q2’ 2018 Q2’ 2017 Increase (decrease) Million Baht % Million Baht % Million Baht % Revenues

both current and capital expenditures partly due to the pending of FY2020 budget. Exports for the year 2019 contracted at 2.7 compared to last year, in line with the continuing decline in global demand

addition of impact measurement results • Investor relations: More investor inquiry for green bonds after issuance and ongoing reporting • One-off green bond framework setup and expenses for external review

will be used to fund the repurchase of the existing notes and to finance the Group’s general corporate purposes, including, but not limited to, working capital requirements, capital expenditures, funding

of declines in exports and confidence. Meanwhile, the full impact of government spending on the economy cannot be fully realized due to the delay in the enactment of the Annual Budget Expenditures Act