PHILLIP ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 16/04/2021 - 26/04/2021

and direction so that the market can function with greater accuracy. It also enables business operators or investors in the existing market to adjust to the changing environment thus improving market

24. Mrs. Nataya Niyamanusorn Director, Corporate Governance Department Annual Report 200912 13 Capital Market Development Master Plan 2010-2014 A robust capital market will allow the economy to adjust

. Rulemaking is a tangible start for all parties involved in any particular matter to self-adjust in order to achieve respective goals, and subsquently strengthen market credibility, balanced market ecosystem

environment. The DLT  is a new technology that would resolve and diminish any obstacles in businesses, as well as increase the efficiency in mutual fund investment and management, which will be quicker and

amendments are expected to enhance flexibility and industry adjustment to the fast changing market environment;3. Supervision of Mutual Fund Management: The mutual fund governance structure would be revised to

enforcement, for better understanding of stakeholders and target groups. Rulemaking is a tangible start for all parties involved in any particular matter to self-adjust in order to achieve respective goals, and

Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3

19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q1/2019

1 3Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile revenue driven by postpaid price adjustment In 3Q19, the postpaid segment continued its growth as we continued to adjust postpaid price