distributions, including amounts and frequency, are not guaranteed and are subject to the discretion of the Fund. Past dividends declared are not a forecast or projection of future distributions. The preceding

expenditures/total assets), intangible assets (R&D/total assets and advertising expense/total assets), cash holdings (cash holdings/total assets) and dividend payouts (total dividends/total assets), and asset

1.60 Other Revenue 3.46 2.75 2.70 2.33 0.37 15.88 Total Revenue 198.09 182.62 174.40 171.32 3.08 1.80 Costs of Sales 138.50 130.45 130.80 126.04 4.76 3.78 Cost of distributions 20.55 14.79 16.57 12.85

39.18 (24.22) (61.82) Other Revenue 0.26 0.34 0.21 0.30 (0.09) (30.00) Total Revenue 17.07 42.88 15.17 39.48 (24.31) (61.58) Costs of Sales 13.86 30.05 13.02 29.23 (16.21) (55.46) Cost of distributions

less tax-efficient assets (i.e. the majority of total return comes from coupons/dividends taxed as ordinary income), such as bonds, in retirement accounts (e.g., IRAs or 401(k)s) and more tax-efficient

period ended 31 March 2020, the cost of distributions and administrative expenses was 7.47 millisn Baht, decreasing from the same period of previous year which had a cost of distributions and

sales of unit trusts and dividends from unit trusts. Yours sincerely, (Mr. Somboon Fusriboon) Managing Director

(X) D. Taxation ภาษี (X) E. Dividends and Paying Agents เงินปนผลและตัวแทนชําระเงินของผูออกหลักทรัพย (X) G. Statement by Experts ขอความโดยผูเชีย่วชาญ (X) H. Sign offs or consents from persons

’ earnings expectations. 6/29/2015 2 Earnings Distributions (1) • Earnings Increases (Burgstahler and Dichev, 1997) 6/29/2015 3 Earnings Distributions (2) • Positive Earnings (Burgstahler and Dichev, 1997) 6

resolved to declare total dividends for the year 2017 at Baht 0.03 per share, totaling Baht 12 Million and was paid on 25 April 2018. 2 At the end of March 31, 2018, the total assets were increased 54.43