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

(loss) of the year 464.4 29.2% (299.9) (11.4%) (164.6%) Adjusted items Net unrealized loss on exchange rate - - 29.0 1.1% - Non-recurring items2 235.5 14.8% (261.8) (9.9%) (211.2) Adjusted EBITDA3 715.8

lent out UST stablecoins against collateral, which was often denominated in LUNA. LUNA benefited from transaction fees paid to miners on Terra. Its supply was adjusted to stabilize Terra’s price A “death

135.2 18.9 (201.9) (11.5) (249.3%) Adjusted EBITDA1 266.0 37.2 461.6 26.3 73.6% Adjusted profit (loss) for the year 135.5 18.9 (163.0) (9.3) (220.3%) Adjusted profit (loss) for the year after non

) 302.9% Profit (loss) of the year 450.1 17.5% (466.9) (12.2%) (916.9) (203.7%) Adjusted items Net unrealized loss on exchange rate - - 39.2 1.0% 39.2 - Non-recurring items2 (138.7) (5.4%) 329.3 8.6% 467.9

) (185.2%) Adjusted items Net unrealized loss on exchange rate 52.9 3.0% 49.2 4.3% (3.7) (7.0%) Non-recurring items1 - - (419.3) (36.4%) (419.3) - Adjusted EBITDA2 373.6 21.3% (296.8) (25.8%) (670.4) (179.4

%) 199.1 17.4% 232.4 699.1% Income tax expenses 12.1 1.2% (35.9) (3.1%) (48.0) (397.0%) Profit (loss) of the year (45.3) (4.7%) 235.1 20.5% 280.4 618.5% Adjusted items Net unrealized loss on exchange rate

period last year due to a slowdown in sales in China since the end of last year. Nevertheless, the Company managed to expand its business to the Philippines to extend the customer base and diversify its

prices highly adjusted following the crude oil price and uncertainty of global demand and supply, which finally caused the Company’s overall raw material prices jumped up to 238.74 million baht, and

units. Adjusted net profit grew by 10.3% YoY to THB 228mn. Please find more details of the Company performance in performance analysis 2Q 2017/18. During Royal Cremation Ceremonies for the late King in