peruse the tender offer information cautiously and keep abreast of the offer price adjustment and the required extensions. Regarding the non-compliance with the tender offer rules, the SEC will consider to

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

mutual fund under Thai securities law although utilizing different forms of instruments such as shares or trust certificates.  Eligible CIS must be managed by CIS operator subject to supervision of ASEAN

goods. Distribution cost and administrative expenses amount to Baht 108.53 million. It decreased Baht 14.12 million or equivalent to 11.51% which gained from the expenditure adjustment to the categories

including the impact that must result in a price adjustment and the adjustment of the selling price is quite difficult because this business group is highly competitive in the current economic situation

and services 135.1 86.4% 53.7 32.5% -81.4 -60.3% Gross Profit 21.2 13.6% 111.5 67.5% 90.3 426.0% Loss from fair vale adjustment for investment properties - - -55.0 33.3% -55.0 100.0% Other Income 22.0

by THB 18mn (or 50.6%), and (iv) other revenue that increased by THB 392mn (or 343%) YoY, primarily from the THB 200mn revenue from the termination fee of management contract of 2 managed hotels in

Statement of Comprehensive Income Note: 1 Excluded unrealized gain from foreign exchange rate on convertible bond, gain from fair value adjustment on investment properties, reverse effective interest rate on

liabilities, Deferred tax adjustment and expenses relating to employee benefits 3 Adjusted EBITDA is calculated from EBT plus Finance cost, Depreciation and Amortization, Interest income from Loan to JVs and

operating performance of such property incur. Thanks to the rise in operating performance of investment properties owned by the Company, gain from fair value adjustment at THB 794m from Suntowers and THB 406m