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

resolution of BKD’s Board 4/2019 on November 11, 2019 has been approved the financial statements for the nine months ended September 30, 2019 The Company net profit of 59.12 million baht which decrease 91.60

significant decline in the net earning, i.e., a 74.19 percent drop to 29.57 million baht from 114.57 million baht in the same quarter of the previous year, or a 63.29 percent decrease from the second quarter of

the same period of the previous year respectively. The Company would like to clarify the significant reasons for the decrease in profits for the third quarter and nine month period of 2019 compared to

(attributable to equity holders of the parent) of Baht 195 million for the second quarter of 2019, a decrease of 15 percent compared to the second quarter of the previous year and net profit (attributable to

atmosphere to be sluggish. Cost of goods sold was 146.00 million baht. It decreased 11.76 million baht or equivalent to 7.45% compared to the same period last year, which was the result form sales decrease

company had the operating result for the year ended December 31, 2017 show a net loss of Baht 30.13 million, compared to previous year which a net loss of Baht 68.58 million, the loss decrease Baht 38.45

Company’s fees and service income in 2Q2018 was Baht 162 million, a decrease of 8% from 2Q2017, mainly from a decrease in mutual fund management fees and registrar fees managed by ONE Asset Management Limited

like to clarify operating performance of the Company three-month for the Quarter 3/2019 ended 30 September 2019 as the following: change Q3/2019 Q3/2018 increase (decrease) Sales 172.6 171.9 0.4% Other

managed the customer credit during Covid- 19, including monitoring and collecting accounts receivable, resulted in the decrease in allowance for expected credit losses. 3 Management Discussion and Analysis