1  “√∫—≠ Contents

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π¬âÕπÀ≈—ß 5 ªï Five-Year Financial Statatic Summary μ—«‡≈¢ ”§—≠∑“ß°“√‡ß‘π¢Õß∫√‘…—∑

Important Financial Figures of the Company §”·∂≈ߢÕߧ≥–°√√¡°“√

Statement of the Board of Directors §≥–°√√¡°“√

Board of Directors √Õß°√√¡°“√ºŸâ®—¥°“√

Senior Executive Vice President ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

Executive Vice President ·ºπº—ßÕߧå°√

Organization Chart ¢âÕ¡Ÿ≈ √ÿª

Summary Information ªí®®—¬§«“¡‡ ’ˬß

Risk Factors ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®

MFCûs Business °“√ª√–°Õ∫∏ÿ√°‘®¢Õß·μà≈– “¬º≈‘μ¿—≥±å

Products and Services °“√«‘®—¬·≈–°“√æ—≤π“

Research and Development ∑√—æ¬å ‘π∑’Ë„™â„π°“√ª√–°Õ∫∏ÿ√°‘®

Business Assets ‚§√ß°“√„πÕπ“§μ

Future Plans ¢âÕæ‘æ“∑∑“ß°ÆÀ¡“¬

Legal Disputes ‚§√ß √â“߇ߑπ∑ÿπ Capital Structure

‚§√ß √â“ß°“√®—¥°“√ Management Structure °“√°”°—∫¥Ÿ·≈°‘®°“√

Corporate Governance ∫ÿ§≈“°√

Personnal °“√§«∫§ÿ¡¿“¬„π

Internal Control √“¬ß“π§≥–°√√¡°“√μ√«® Õ∫

Statement of Audit Committee √“¬°“√√–À«à“ß°—π

Connected Transactions °“√∂◊ÕÀÿâπ„π∫√‘…—∑¢Õߧ≥–°√√¡°“√·≈–§≥–®—¥°“√ Holding of MFC Shares by Directors and Management

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π¢Õß∫√‘…—∑ Operational Performance

√“¬ß“𧫓¡√—∫º‘¥™Õ∫¢Õߧ≥–°√√¡°“√μàÕ√“¬ß“π∑“ß°“√‡ß‘π The Board of Directorsû Report on Its Responsibilty to Financial Report

ß∫°“√‡ß‘π·≈–√“¬ß“π¢ÕߺŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ Financial Statements and Auditorûs Report

¢âÕ¡Ÿ≈‡°’ˬ«°—∫∫√‘…—∑ Company Profile

∑’˪√÷°…“°ÆÀ¡“¬ Legal Advisors

°“√· ¥ß√“¬°“√∑’Ë°”Àπ¥μ“¡·∫∫ 56 - 2 „π√“¬ß“πª√–®”ªï 2549 List of Items in Accordance with Form 56 - 2 in the Annual Report 2006

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º≈°“√¥”‡π‘πß“π√«¡ Consolidated

Àπ૬: (≈â“π∫“∑)

Unit : Million Baht

2549

2006

2548

2005

2547

2004

2546

2003

2545

2002

 ‘π∑√—æ¬å√«¡ 1,374.04 1,384.87 1,523.99 1,455.13 1,368.90 Total Assets ‡ß‘π ¥·≈–‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π 917.85 774.61 1,146.46 966.06 926.66 Cash & Deposit of Financial Institutions ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å 2.69 1.13 1.13 408.06 364.17 Investment in Securities Àπ’È ‘π√«¡ 88.17 103.06 106.10 85.82 60.69 Total Liabilities ∑ÿπ®¥∑–‡∫’¬π‡√’¬°™”√–·≈â« 120.00 120.00 120.00 120.00 120.00 Registered and Paid-up Capital ¡Ÿ≈§à“∑’Ëμ√“‰«âμàÕÀÿâπ (∫“∑) 1.00** 1.00** 1.00** 10.00 10.00 Par Value (Baht)  à«π¢ÕߺŸâ∂◊ÕÀÿâπ 1,285.88 1,281.80 1,417.88 1,369.31 1,308.21 Total Shareholders Equity √“¬‰¥â§à“∏√√¡‡π’¬¡ 372.43 390.30 490.37 329.46 247.64 Fee Income √“¬‰¥â√«¡ 420.29 437.61 526.72 413.42 276.45 Total Income §à“„™â®à“¬„π°“√¥”‡π‘πß“π√«¡ 300.42 299.86 289.18 233.72 206.65 Total Operating Expenses °”‰√ ÿ∑∏‘ 88.09 103.92 178.37 147.62 50.37 Net Profit °”‰√ ÿ∑∏‘μàÕÀÿâπ (∫“∑)** 0.73 0.87 1.49 12.30 4.20 Earnings per Share (Baht) ‡ß‘πªíπº≈μàÕÀÿâπ(∫“∑)** 0.60 0.70 2.00* 10.00 7.00* Dividend per Share (Baht) À¡“¬‡Àμÿ : * √«¡‡ß‘πªíπº≈摇»…·≈â« ** „πªï 2547 ¡’°“√‡ª≈’ˬπ·ª≈ß¡Ÿ≈§à“∑’Ëμ√“‰«â (par value) ®“° 10 ∫“∑μàÕÀÿâπ‡ªìπ 1 ∫“∑μàÕÀÿâπ Note : * Included extra dividend ** a change at par value from Baht 10 to Baht 1 per share in 2004

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π¬âÕπÀ≈—ß 5 ªï Five › Year Financial Statistic Summary

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Õ—μ√“ à«π§à“„™â®à“¬„π°“√¥”‡π‘πß“πμàÕ√“¬‰¥â√«¡ 71.48 68.52 54.90 56.53 74.75 Operating Expenses to Total Income Õ—μ√“º≈μÕ∫·∑πμàÕ ‘π∑√—æ¬å√«¡ 6.41 7.50 11.70 10.14 3.68 Return on Assets (ROA) Õ—μ√“º≈μÕ∫·∑πμàÕ à«π¢ÕߺŸâ∂◊ÕÀÿâπ 6.85 8.11 12.58 10.78 3.85 Return on Equity (ROE) Õ—μ√“°“√‡μ‘∫‚μ¢Õß ‘π∑√—æ¬å√«¡ -0.78 -9.13 4.73 6.30 -1.34 Total Assets Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß à«π¢ÕߺŸâ∂◊ÕÀÿâπ 0.32 -9.60 3.55 4.67 -1.94 Equity Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß√“¬‰¥â§à“∏√√¡‡π’¬¡ -4.58 -20.41 48.44 33.04 36.46 Fee Income Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß√“¬‰¥â√«¡ -3.96 -16.92 27.40 49.55 29.20 Total Income Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß§à“„™â®à“¬°“√¥”‡π‘πß“π 0.19 3.69 23.73 13.10 4.42 Operating Expenses Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß°”‰√ ÿ∑∏‘ -15.23 -41.75 20.83 193.07 670.18 Net Profit Growth Õ—μ√“°“√‡μ‘∫‚μ¢Õß°”‰√ ÿ∑∏‘μàÕÀÿâπ -16.09 -41.61 21.14 192.86 677.78 EPS Growth Õ—μ√“°”‰√ ÿ∑∏‘μàÕ√“¬‰¥â√«¡ 20.96 23.75 33.86 35.71 18.22 Net Profit Margin ¡Ÿ≈§à“μ“¡∫—≠™’μàÕÀÿâπ 10.72 10.68 11.81 114.11 109.02 Book value per share (Baht) Õ—μ√“ à«π‡ß‘πªíπº≈μàÕ°”‰√ ÿ∑∏‘ 82.19 80.46 134.55 81.30 166.67 Dividend Payout Ratio

º≈°“√¥”‡π‘πß“π√«¡ Consolidated

Àπ૬: (≈â“π∫“∑)

Unit : Million Baht

2549

2006

2548

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2547

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2546

2003

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2002

μ—«‡≈¢ ”§—≠∑“ß°“√‡ß‘π¢Õß∫√‘…—∑ (≥ «—π∑’Ë 31 ∏—𫓧¡) Important Financial Figures of the Company (as at 31 December)

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§”·∂≈ߢÕߧ≥–°√√¡°“√

‡√’¬π ∑à“πºŸâ∂◊ÕÀÿâπ „π‚Õ°“ «—πª√–™ÿ¡ “¡—≠ª√–®”ªï §≥–°√√¡°“√¡’§«“¡√Ÿâ ÷°¬‘π¥’·≈–‡ªìπ‡°’¬√μ‘Õ¬à“߬‘Ëß∑’ˉ¥â¡’‚Õ°“ ¡“·∂≈ߺ≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑„π√Õ∫ªï∑’˺à“π¡“μàÕ∑à“πºŸâ∂◊ÕÀÿâπ „πªï 2549 ∑’˺à“π¡“∏ÿ√°‘®¢Õß∫√‘…—∑‰¥â‡®√‘≠°â“«ÀπⓉªæÕ ¡§«√ ·¡â®–μâÕ߇º™‘≠°—∫¿“«–‡»√…∞°‘®∑’˺—πº«π «‘°ƒμ°“√≥å∑“ß°“√‡¡◊Õß√«¡∂÷ß¡“μ√°“√∑“ß°“√‡ß‘π¢Õß√—∞∫“≈Õ—π àߺ≈°√–∑∫μàÕ°“√≈ß∑ÿπ ‚¥¬‰¥â¡’°“√®—¥μ—Èß°Õß∑ÿπ„À¡à·≈– ∫√‘À“√°Õß∑ÿπÕ¬à“ßμàÕ‡π◊ËÕß ≥  ‘Èπªï 2549 ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π 120 ≈â“π∫“∑ ¡’ ‘π∑√—æ¬å∑—Èß ‘Èπ 1,374.04 ≈â“π∫“∑ ·≈–¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘¢Õß°Õß∑ÿπ¿“¬„μâ°“√®—¥°“√√«¡∑—Èß ‘Èπ 197,531.62 ≈â“π∫“∑ „π√Õ∫ªï 2549 ¿“«–°“√≈ß∑ÿπ„πμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬∂◊Õ‰¥â«à“‡ªìπªï∑’Ë¡’°“√º—πº«π¡“°ªïÀπ÷Ëß ¥—™π’μ≈“¥À≈—°∑√—æ¬å (SET Index) ≈¥≈ß®“° 713.73 ®ÿ¥ ≥ «—π∑’Ë 30 ∏—𫓧¡ 2548 ¡“Õ¬Ÿà∑’Ë 679.84 ®ÿ¥ ≥ «—π∑’Ë 29 ∏—𫓧¡ 2549 À√◊Õ≈¥≈ß√âÕ¬≈– 4.75  à«π¿“«–°“√≈ß∑ÿπμ≈“¥μ√“ “√Àπ’È¡’º≈μÕ∫·∑π∑’Ë Ÿß°«à“ªï∑’Ë·≈â« °≈à“«§◊Õ ¥—™π’æ—π∏∫—μ√√—∞∫“≈ À√◊Õ TBDC Government Bond Index ≥ «—π∑’Ë 31 ∏—𫓧¡ 2548 Õ¬Ÿà∑’Ë 147.09 ·≈– ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 Õ¬Ÿà∑’Ë 155.15 ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 5.48  ”À√—∫º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑Õ¬Ÿà„π√–¥—∫∑’Ëπà“æÕ„®‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑Õ◊Ëπ∑’ËÕ¬Ÿà„πÕÿμ “À°√√¡‡¥’¬«°—π ·¡â®–¡’√“¬‰¥â·≈–º≈°”‰√≈¥≈ß®“°ªï∑’Ë·≈â«°Áμ“¡ °≈à“«§◊Õ √“¬‰¥â√«¡¢Õß∫√‘…—∑„πªï 2549 ‡∑à“°—∫ 420.29 ≈â“π∫“∑ ‡ª√’¬∫‡∑’¬∫°—∫ 437.61 ≈â“π∫“∑„πªï 2548 À√◊Õ≈¥≈ߧ‘¥‡ªìπ√âÕ¬≈– 3.96 „π¢≥–∑’Ë§à“„™â®à“¬ „π°“√¥”‡π‘πß“π „πªï 2549 ‡∑à“°—∫ 300.42 ≈â“π∫“∑ ‡ª√’¬∫‡∑’¬∫°—∫ 299.86 ≈â“π∫“∑ „πªï 2548 À√◊Õ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 0.19  àߺ≈„Àâ°”‰√ ÿ∑∏‘¢Õß∫√‘…—∑≈¥≈ß√âÕ¬≈– 15.23 ®“° 103.92 ≈â“π∫“∑ À√◊Õ 0.87 ∫“∑μàÕÀÿâπ„πªï 2548 ‡ªìπ 88.09 ≈â“π∫“∑ À√◊Õ 0.73 ∫“∑μàÕÀÿâπ ‡π◊ËÕß®“°¡’°Õß∑ÿπ√«¡À≈“¬°Õß∑ÿπ§√∫Õ“¬ÿμ“¡«“√– ∑”„Àâ√“¬‰¥â®“°§à“∏√√¡‡π’¬¡·≈–∫√‘°“√≈¥≈ß®“° 390.30 ≈â“π∫“∑ „πªï 2548 ‡ªìπ 372.43 ≈â“π∫“∑ „πªï 2549 À√◊Õ ≈¥≈ß√âÕ¬≈– 4.58 „π¢≥–∑’Ë√“¬‰¥â®“°¥Õ°‡∫’Ȭ ·≈–‡ß‘πªíπº≈‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 70.38 ≥  ‘Èπªï 2549 ∫√‘…—∑¡’°Õß∑ÿπ∑ÿ°ª√–‡¿∑¿“¬„μâ°“√®—¥°“√√«¡∑—Èß ‘Èπ 132 °Õß∑ÿπ ª√–°Õ∫¥â«¬°Õß∑ÿπ√«¡„πª√–‡∑»·≈–μà“ߪ√–‡∑» ®”π«π 65 °Õß∑ÿπ °Õß∑ÿπÕ —ßÀ“√‘¡∑√—æ¬å ®”π«π 14 °Õß∑ÿπ °Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ 40 °Õß∑ÿπ ·≈– °Õß∑ÿπ à«π∫ÿ§§≈ ®”π«π 13 °Õß∑ÿπ √«¡¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘∑—Èß ‘Èπ 197,531.62 ≈â“π∫“∑ „πªï 2549 ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ√«¡¢÷Èπ®”π«π∑—Èß ‘Èπ 11 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 4,292 ≈â“π∫“∑ ª√–°Õ∫¥â«¬°Õß∑ÿπ√«¡μ√“ “√·ÀàßÀπ’È 8 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 3,411 ≈â“π∫“∑ °Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ 1 °Õß∑ÿπ ¡Ÿ≈§à“ ∑√—æ¬å ‘π ÿ∑∏‘ 106 ≈â“π∫“∑ °Õß∑ÿπ√«¡≈ß∑ÿπ„πμà“ߪ√–‡∑» 2 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 775 ≈â“π∫“∑ πÕ°®“°π’È °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å𑙥“∏“π’ (MNIT) ´÷Ë߇ªìπ°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬åª√–‡¿∑°Õß 1 ∑’ˉ¥â®—¥μ—È߇¡◊ËÕªï 2548 ·≈– ‰¥â¡’°“√‡æ‘Ë¡∑ÿπ„πªï 2549 Õ’°‡ªìπ®”π«π‡ß‘π 670 ≈â“π∫“∑ √«¡‡ªìπ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘∑—Èß ‘Èπ 1,437.29 ≈â“π∫“∑

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Statement of The Board of Directors

Dear Shareholders: The Board is honored once again to have this opportunity to report the Companyûs performance in previous year. In 2006, the Company had a moderate pace despite the economic situation was volatile. The political crisis including the financial measure affected directly the investment. However, new funds were set up with progressive management and at the end of 2006, the Company had a registered capital of Baht 120 million and Baht 1,374.04 million in total assets. Net asset value of funds under its management totaled Baht 197,531.62 million. The Thai stock market was highly volatile in 2006. The SET index decreased 4.75% from 713.73 points on 30 December 2005 to 679.84 points on 29 December 2006. On the other hand, yield on Thai bond market was higher than last year. On 31 December 2005, the TBDC Government Bond index increased 5.48% from 147.09 points on 31 December 2005 to 155.15 points on 30 December 2006. Though the Companyûs revenue and profit declined from the last year, the Companyûs result was satisfactory when compared with the other company in the same business sector. In 2006 total revenue declined 3.96% from Baht 437.61 million to Bath 420.29 million while operation expense raised 0.19% from Baht 299.86 million in 2005 to Baht 300.42 million in 2006. As a result, net profit declined 15.23% from Baht 103.92 million or Baht 0.87 per share in 2005 to Baht 88.09 million or Baht 0.73 per share. The significant reason was the closing of mutual fund, result in decreasing in core revenue from management fees and service fees from Baht 390.30 million in 2005 to Baht 372.43 million in 2006 or declining 4.58%. Income from interest and dividend increased 70.34%. At the end of 2006, the Company had 132 funds under its management. These consisted of 65 local and offshore mutual funds, 14 property funds, 40 provident funds, and 13 private funds. The total net asset value of these funds was Baht 197,531.62 million. Eleven new funds were set up in 2006 totaling net asset value of Baht 4,292 million. These consisted of 8 fixed income funds totaling net asset value of Baht 3,411 million, 1 flexible fund totaling net asset value of Baht 106 million and 2 foreign investment funds totaling net asset value of Baht 775 million. Apart from the above fund, MFC Nichada Thani Property Fund (MNIT) established in 2005 which is the property fund type 1 increased its capital totaling Baht 670 million in 2006 totaling net asset value of MNIT is Baht 1,437.29 million.

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 ”À√—∫ªï 2549 ∫√‘…—∑‰¥â¡’°“√‡æ‘Ë¡™àÕß∑“ß°“√∑”∏ÿ√°√√¡°—∫æ—π∏¡‘μ√¢Õß∫√‘…—∑‡æ◊ËÕÕ”π«¬§«“¡ –¥«°„Àâ°—∫≈Ÿ°§â“ ‚¥¬≈Ÿ°§â“ “¡“√∂∑”°“√´◊ÈÕ¢“¬Àπ૬≈ß∑ÿπºà“π Website ‰¥â ·≈–‡æ‘Ë¡«‘∏’°“√™”√–‡ß‘π§à“´◊ÈÕÀπ૬≈ß∑ÿπÕ—μ‚π¡—μ‘ (Direct Debit) ·≈–π”‡ß‘π‡¢â“∫—≠™’≈Ÿ°§â“ºà“π∏𓧓√æ“≥‘™¬åÕ—μ‚π¡—μ‘ (Direct Credit) „π à«π¢Õß°“√™à«¬‡À≈◊Õ —ߧ¡ ∫√‘…—∑‰¥â¡’ à«π™à«¬‡À≈◊Õ —ߧ¡ ‚¥¬°Õß∑ÿπ‡ªî¥‡æ◊ËÕæ—≤π“·≈–øóôπøŸ°‘®°“√∑’ˉ¥â√—∫º≈°√–∑∫®“° ÷π“¡‘ (Tsunami Recovery Fund) ‡æ◊Ëՙ૬‡À≈◊Õ ºŸâª√–°Õ∫∏ÿ√°‘®°“√∑àÕ߇∑’ˬ«·≈–‚√ß·√¡∑’ˉ¥â√—∫º≈°√–∑∫®“°‡Àμÿæ‘∫—μ‘¿—¬ ÷π“¡‘∑’ˉ¥â®—¥μ—È߇¡◊ËÕªï 2548 „πªïπ’ȉ¥â√—∫º≈ ”‡√Á®‡ªìπ∑’Ëπà“æÕ„® ºŸâª√–°Õ∫°“√∏ÿ√°‘®·≈–‚√ß·√¡∑’ˉ¥â√—∫°“√™à«¬‡À≈◊Õ®“°°Õß∑ÿπ à«π„À≠à “¡“√∂æ≈‘°øóôπ°‘®°“√·≈–‡√‘Ë¡‡ªî¥¥”‡π‘π∏ÿ√°‘®‰¥â„πªïπ’È  à«π∑’ˇÀ≈◊Õ§“¥«à“®–‡ªî¥¥”‡π‘π°“√‰¥â„πªï 2550 ·≈–‚§√ß°“√ MFC Talent Award ´÷Ë߇ªìπ‚§√ß°“√ ∑’Ë à߇ √‘¡·≈– π—∫ πÿπ„À⇬“«™π‰¥â√—∫§«“¡√Ÿâ‡°’ˬ«°—∫°“√∫√‘À“√‡ß‘π≈ß∑ÿπ·≈–°“√ÕÕ¡ ∑’Ë¥”‡π‘π°“√μàÕ‡π◊ËÕß¡“‡ªìπªï∑’Ë 3 ‰¥â√—∫§«“¡ π„®®“°‡¬“«™π„π√–¥—∫Õÿ¥¡»÷°…“‡ªìπÕ¬à“ß¡“° πÕ°®“°π’È∫√‘…—∑¬—߉¥âπ”‡ß‘π à«πÀπ÷Ëß®“°§à“∏√√¡‡π’¬¡°“√®—¥°“√°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ Õ‘ ≈“¡‘°øíπ¥å ∫√‘®“§„Àâ°—∫°“√°ÿ»≈μ“¡§”·π–π”¢Õߧ≥–°√√¡°“√»“ π“¢Õß°Õß∑ÿπ (§≥–°√√¡°“√ ´“√’Õ–Œå) ‚¥¬„πªï 2549 ∫√‘…—∑‰¥â∫√‘®“§‡ß‘π∑—Èß ‘Èπ‡ªìπ®”π«π‡ß‘π 970,000 ∫“∑ Õπ÷Ëß „πªï 2549 ‰¥â¡’°“√‡ª≈’ˬπ·ª≈ß°√√¡°“√∫√‘…—∑ ®”π«π 3 ∑à“π §◊Õ §ÿ≥≠“¥“ ª√–æ‘≥¡ß§≈°“√ §ÿ≥π√“∏√ «ß»å«‘‡»… ·≈–§ÿ≥™“≠™—¬ ™“≠™¬»÷° ‰¥â¢Õ≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√∫√‘…—∑ ‚¥¬¡’§ÿ≥°√æ®πå Õ—»«‘π«‘®‘μ√ §ÿ≥¬ß¬ÿ∑∏ μ–√‘‚¬ ·≈–§ÿ≥«‘™—¬ ®÷ß√—°‡°’¬√μ‘ ‡¢â“¡“¥”√ßμ”·Àπàß·∑π  à«π§ÿ≥æ‘™‘μ Õ—§√“∑‘μ¬å §ÿ≥°√æ®πå Õ—»«‘π«‘®‘μ√ §ÿ≥Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ ·≈–§ÿ≥ ÿ√‡∏’¬√ ®—°√∏√“ππ∑å ‰¥â§√∫«“√–°“√‡ªìπ°√√¡°“√ ·μà‰¥â√—∫°“√‡≈◊Õ°μ—Èߥ”√ßμ”·ÀπàßÕ’°«“√–Àπ÷Ëß ∑—Èßπ’ȧ≥–°√√¡°“√∫√‘…—∑„§√à¢Õ¢Õ∫§ÿ≥ §ÿ≥≠“¥“ ª√–æ‘≥¡ß§≈°“√ §ÿ≥π√“∏√ «ß»å«‘‡»… ·≈–§ÿ≥™“≠™—¬ ™“≠™¬»÷° ∑’ˉ¥â∑”§ÿ≥ª√–‚¬™πå„Àâ°—∫∫√‘…—∑  ÿ¥∑⓬π’È §≥–°√√¡°“√∫√‘…—∑¢Õ¢Õ∫§ÿ≥∑à“πºŸâ∂◊ÕÀÿâπ Õߧå°√∑—Èß¿“§√—∞·≈–‡Õ°™π  ∂“∫—π°“√‡ß‘π∑—Èß„πª√–‡∑»·≈–μà“ߪ√–‡∑» √«¡∑—Èß≈Ÿ°§â“¢Õß∫√‘…—∑·≈–ºŸâ∂◊ÕÀπ૬≈ß∑ÿπ¢Õß°Õß∑ÿπμà“ßÊ ∑’ˉ¥â„Àâ°“√ π—∫ πÿπ·≈–‰«â«“ß„®∫√‘…—∑¥â«¬¥’μ≈Õ¥¡“

¥√. æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√ºŸâ®—¥°“√

¥√. ≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√

7

In 2006, the Company offered additional channel of doing business with its alliance to accommodate all customers. All customers were able to sell and redeem investment unit via the Companyûs website and make a payment by direct debit or direct credit. For being part of society, the Company has played various social activities. In 2005, the Company set up Tsunami Recovery Fund to assist the hotel and tourist operators who were suffer from Tsunami. Most of the hotel and tourist operators could recover and operate their business within this year. For the rest of hotel and tourist operators, their business shall be operated within 2007. Also MFC Talent Award aimed to enhance and educate the youth on the financial management, investment and saving. This project was interested from the youth in higher education level and has continued operating for three years. In addition, according to the recommendation of the Shariah committee the Company donated a part of its management fee of Islamic Fund totaling Baht 970,000 to the charity in this year. In 2006, there were changes at the Board level, Khun Yada Prapinmongkolkarn, Khun Narathorn Wongviset and Khun Charnchai Charnchayasuk had resigned from the Board. Their positions were filled by the appointment of Khun Goanpot Asvinvichit, Khun Yongyuth Tariyo and Khun Vichai Chungrakkiat. Khun Pichit Akrathit, Khun Goanpot Asvinvichit, Khun Adisorn Thananan-narapool and Khun Surathian Chakthranont completed their terms of office and were re-elected. The Board wishes to thank Khun Yada Prapinmongkolkarn, Khun Narathorn Wongviset and Khun Charnchai Charnchayasuk for their invaluable contributions and dedication. Finally, the Board wishes to thank our shareholders, government and private organizations, local and foreign financial institutions, and especially our customers and unitholders for their continuing support and confidence in the Company.

Dr. Pichit Akrathit President

Dr. Narongchai Akrasanee Chairman

8

§≥–°√√¡°“√

Mr. Narongchai Akrasanee Position : Chairman of the Board (Present) Age : 61 Education : Masterûs degree and Ph.D. in Economics, John Hopkins University, U.S.A. Training : Directors Accreditation Program by Thai Institute of Directors Association Experience (The last 5 years): Present position Chairman, Seranee Group Member of the National Legislative Assembly Chairman of the Board, MFC Asset Management Public Company Limited Director, Chairman of the Board of Executive Directors and Compensation

Sub - committee Member of Export - Import Bank of Thailand (EXIM) Honorary Advisor, the Fiscal Policy Research Institute Foundation (FPRI) Head of the Group on FTA Impact Research Project Member of FTA Strategy and Negotiations Committee Chairman and Independent Director, Brooker Group Plc. Director, Malee Sampran Public Company Limited Chairman of the Steering Committee and Vice Chairman of the Council

of Mekong (MI) Member of the Board of Directors & Council of Trustees, Thailand

Development Research Institute (TDRI) Chairman, Economic Society of Thailand (EST)

π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ μ”·Àπàß : ª√–∏“π°√√¡°“√∫√‘…—∑ Õ“¬ÿ : 61 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑·≈–‡Õ°¥â“π‡»√…∞»“ μ√å John Hopkins University ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μ”·Àπàßªí®®ÿ∫—π ª√–∏“π°√√¡°“√ °≈ÿà¡∫√‘…—∑ ‡»√≥’  ¡“™‘°  ¿“π‘μ‘∫—≠≠—μ‘·Ààß™“μ‘ ª√–∏“π°√√¡°“√ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °√√¡°“√ ª√–∏“π°√√¡°“√∫√‘À“√·≈–Õπÿ°√√¡°“√æ‘®“√≥“§à“μÕ∫·∑π

ºŸâ∫√‘À“√√–¥—∫ Ÿß ∏𓧓√‡æ◊ËÕ°“√ àßÕÕ°·≈–π”‡¢â“·Ààߪ√–‡∑»‰∑¬ °√√¡°“√∑’˪√÷°…“°‘μμ‘¡»—°¥‘Ï ¡Ÿ≈π‘∏‘ ∂“∫—π«‘®—¬π‚¬∫“¬‡»√…∞°‘®°“√§≈—ß À—«Àπâ“∑’¡ §≥–«‘®—¬‚§√ß°“√‡μ√’¬¡§«“¡æ√âÕ¡√Õß√—∫°“√‡®√®“

§«“¡μ°≈ß°“√§â“‡ √’∑«’¿“§’  ¡“™‘° §≥–°√√¡°“√°”Àπ¥¬ÿ∑∏»“ μ√å‡¢μ°“√§â“‡ √’Õ“‡´’¬π ª√–∏“π°√√¡°“√·≈–°√√¡°“√Õ‘ √– ∫√‘…—∑ ∫√ÿ䧇§Õ√å °√ÿäª ®”°—¥ (¡À“™π) °√√¡°“√·≈–°√√¡°“√μ√«® Õ∫ ∫√‘…—∑ ¡“≈’ “¡æ√“π ®”°—¥ (¡À“™π) ª√–∏“π§≥–°√√¡°“√¥”‡π‘π°“√·≈–√Õߪ√–∏“π ¿“  ∂“∫—𧫓¡√à«¡¡◊Õ

‡æ◊ËÕæ—≤𓇻√…∞°‘®≈ÿà¡πÈ”‚¢ß °√√¡°“√·≈–°√√¡°“√ ¿“ ¡Ÿ≈π‘∏‘ ∂“∫—π«‘®—¬‡æ◊ËÕ°“√æ—≤π“ª√–‡∑»‰∑¬ ª√–∏“π  ¡“§¡‡»√…∞»“ μ√å·Ààߪ√–‡∑»‰∑¬ «“√–ªï 2548 - 2549

Mr. Goanpot Asvinvichit Position : Director and Chairman of the Executive Committee (Until 8 January 2007) Advisor to The Board of Director (Since 8 January 2007 - Present) Age : 51 Education : Master Degree in Business Administration University of Southern California, U.S.A. Training : 1997 : Politics & Governance in Development System for Executive Course, King Prajadhipokûs Institute 1997 : The Joint State-Private Course (NDC., Class 39), The National Defence College Experience (The last 5 years) 2004- Present : President & CEO of the Government Savings Bank 2002 - 2003 : Thai Trade Representative, Special Envoy of the Prime Minister 2002 : Advisor to the Minister of Finance 2001 - 2002 Member of the Parliament

Member and Secretary-General of the Executive Committee of the Thai Inter-Parliament Union (IPU) Titular Member of the IPU Committee for Sustainable Development 1999 - 2001 : Deputy the Minister of Commerce

𓬰√æ®πå Õ—»«‘π«‘®‘μ√ μ”·Àπàß : ª√–∏“π°√√¡°“√∫√‘À“√ ·≈–°√√¡°“√ (¥”√ßμ”·Àπàß∂÷ß 7 ¡°√“§¡ 2550) ∑’˪√÷°…“§≥–°√√¡°“√ (¥”√ßμ”·Àπàßμ—Èß·μà 8 ¡°√“§¡ 2550 - ªí®®ÿ∫—π) Õ“¬ÿ : 51 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑ (§≥–∫√‘À“√∏ÿ√°‘®) University of Southern California, U.S.A °“√Õ∫√¡ : 2540 : ª√–°“»π’¬∫—μ√™—Èπ ŸßÀ≈—° Ÿμ√°“√‡¡◊Õß°“√ª°§√Õß „π√–∫∫ª√–™“∏‘ª‰μ¬  ”À√—∫π—°∫√‘À“√√–¥—∫ Ÿß  ∂“∫—πæ√–ª°‡°≈â“ 2540 : ª√‘≠≠“∫—μ√À≈—° Ÿμ√°“√ªÑÕß°—π√“™Õ“≥“®—°√¿“§√—∞√à«¡‡Õ°™π («ªÕ.√ÿàπ 39) «‘∑¬“≈—¬ªÑÕß°—π√“™Õ“≥“®—°√ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2547 - ªí®®ÿ∫—π : ºŸâÕ”π«¬°“√∏𓧓√ÕÕ¡ ‘π 2545 - 2546 : ºŸâ·∑π°“√§â“‰∑¬ (Thai Trade Representative)

ºŸâ·∑π摇»…𓬰√—∞¡πμ√’ (Special Envoy of the Prime Minister) 2545 : ∑’˪√÷°…“√—∞¡πμ√’«à“°“√°√–∑√«ß°“√§≈—ß 2544 - 2545 :  ¡“™‘° ¿“ºŸâ·∑π√“…Æ√

°√√¡°“√∫√‘À“√·≈–‡≈¢“∏‘°“√Àπ૬ª√–®”™“쑉∑¬„π À¿“æ√—∞ ¿“ °√√¡“∏‘°“√„π§≥–°√√¡“∏‘°“√ À¿“æ√—∞ ¿“‚≈°‡æ◊ËÕ°“√æ—≤π“∑’ˬ—Ë߬◊π 2542 - 2544 : √—∞¡πμ√’™à«¬«à“°“√°√–∑√«ßæ“≥‘™¬å

Mr. Tee-ra Witwutisak Position : Director and Executive Director (Since 7 January 2007) Age : 60 Education : M.S Economic Development National Institute Development Administration (NIDA) Training : Attend the credit business seminar by the Government Savings Bank Computer course for management by the Government Savings Bank Senior Administrator Program - SAP 1, Sasin Graduate Institute of Business Administration of Chulalongkorn University and Kellogg School of Management Northwestern University Chicago, USA Credit Analysis Training Course, Citibank, New York, USA Account and Financial Statement Analysis Program, Thammasat University Experience (The last 5 years) Chairman of the Executive Committee, Small Business Credit Guarantee

Corporation Director, Small and Medium Enterprises Bank Senior Manager, Bank of Ayudhya Public Company Limited (Head office) Assistance to Chief of Economic Analysis, Bangkok Bank Plc. (Head office) Credit Analysis officer, Thai Military Bank Plc. (TMB Bank Plc.)

π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 7 ¡°√“§¡ 2550) Õ“¬ÿ : 60 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑ æ—≤π∫√‘À“√»“ μ√å¡À“∫—≥±‘μ (æ∫.¡.æ—≤π“°“√‡»√…∞°‘®) °“√Õ∫√¡ :  —¡¡π“∏ÿ√°‘® ‘π‡™◊ËÕ ®—¥‚¥¬∏𓧓√ÕÕ¡ ‘π °“√„™â§Õ¡æ‘«‡μÕ√å ”À√—∫ºŸâ∫√‘À“√ ®—¥‚¥¬∏𓧓√ÕÕ¡ ‘π À≈—° Ÿμ√∫√‘À“√√–¥—∫ Ÿß¢Õß√—∞«‘ “À°‘® (Senior Administration Program - SAPI) ≥  ∂“∫—π∫—≥±‘μ∫√‘À“√∏ÿ√°‘®»»‘π∑√å ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ Ωñ°Õ∫√¡¥â“𫑇§√“–Àå ‘π‡™◊ËÕ ∏𓧓√ CITIBANK, 𑫬Õ√å§ ª√–‡∑» À√—∞Õ‡¡√‘°“ Ωñ°Õ∫√¡¥â“π°“√∫—≠™’·≈–°“√«‘‡§√“–Àåß∫°“√‡ß‘π‡æ◊ËÕ°“√æ‘®“√≥“ ‘π‡™◊ËÕ ®—¥‚¥¬ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : ª√–∏“π°√√¡°“√∫√‘À“√ ∫√√…—∑ª√–°—π ‘π‡™◊ËÕÕÿμ “À°√√¡¢π“¥¬àÕ¡ (∫ ¬.) °√√¡°“√ ∫√√…—∑‡ß‘π∑ÿπÕÿμ “À°√√¡¢π“¥¬àÕ¡ (∫Õ¬.) (SME BANK „πªí®®ÿ∫—π) ºŸâ®—¥°“√ΩÉ“¬Õ“«ÿ‚  (SUP) ∏𓧓√°√ÿß»√’Õ¬ÿ∏¬“ ®”°—¥ ( ”π—°ß“π„À≠à) ºŸâ™à«¬À—«Àπâ“ à«π«‘®—¬‡»√…∞°‘® ΩÉ“¬«‘®—¬·≈–«“ß·ºπ ∏𓧓√°√ÿ߇∑æ ®”°—¥

( ”π—°ß“π„À≠à) ‡®â“Àπâ“∑’Ë«‘‡§√“–Àå ‘π‡™◊ËÕ ΩÉ“¬ ‘π‡™◊ËÕ ∏𓧓√∑À“√‰∑¬ ®”°—¥ ( ”π—°ß“π„À≠à)

9

Board of Directors

Mr. Yongyuth Tariyo Position : Director Age : 56 Education : Master of Science, De Paul University, USA. Training : Directors Certificate Program by Thai Institute of Directors Association Financial Executive Class 10 by The Thai Bankersû Association Chief Information Officer : CIO, Class 4é by Office of the Civil Service Commission and National Electronics and Computer Technology Center Senior Executive Program (SEP) Class 9é by Sasin Graduate Institute of Business Administration of Chulalongkorn University Postal Savings Bureau, Minister of Posts and Telecommunication (MPT), Executiveûs Seminar on Postal Saving Serviceé JICA, Japan Quality Education System (QES), Philips Crosby Assocøiates Inc., Florida, USA. Experience (The last 5 years) Deputy Director-General, The Government Savings Bank Senior Assistant Director-General, The Government Savings Bank

π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ μ”·Àπàß : °√√¡°“√ Õ“¬ÿ : 56 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑ ¥â“π “√ π‡∑» ¡À“«‘∑¬“≈—¬ ¥’ æÕ≈ (De Paul University) ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ FINEX (Financial Executive) √ÿàπ∑’Ë 10 ®—¥‚¥¬ ¡“§¡∏𓧓√‰∑¬ ºŸâ∫√‘À“√‡∑§‚π‚≈¬’ “√ π‡∑»√–¥—∫ Ÿß çChief Information Officer : CIOé √ÿàπ∑’Ë 4 ®—¥‚¥¬ ”π—°ß“π§≥–°√√¡°“√¢â“√“™°“√æ≈‡√◊Õπ (°.æ.) ·≈– »Ÿπ¬å‡∑§‚π‚≈¬’Õ’‡≈Á§∑√Õπ‘° å ·≈–§Õ¡æ‘«‡μÕ√å·Ààß™“μ‘ (NECTEC) SEP (Senior Executive Program) √ÿàπ∑’Ë 9 ®—¥‚¥¬ ∂“∫—π»»‘π∑√å ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ Postal Savings Bureau, Minister of Posts and Telecommunication (MPT) Executiveûs Seminar on Postal Savings Service, JICA, ∑’˪√–‡∑»≠’˪ÿÉπ GES (Quality Education System), Philips Crosby Associates Inc. Florida ∑’˪√–‡∑» À√—∞Õ‡¡√‘°“ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : √ÕߺŸâÕ”π«¬°“√∏𓧓√ÕÕ¡ ‘π (ªí®®ÿ∫—π) ºŸâ™à«¬ºŸâÕ”π«¬°“√Õ“«ÿ‚ ∏𓧓√ÕÕ¡ ‘π

Mrs. Nongluck Virameteekul Position : Director and Executive Director (Until 31 December 2006) Age : 43 Education : Masterûs Degree in Finance and International Business, Sasin Graduate Institute of Business Administration of Chulalongkorn University Training : Directors Accreditation Program by Thai Institute of Directors Association Directors Certification Programé by Thai Institute of Directors Association Experience (The last 5 years) : 2002 - Present: Chairman, M. Thai Industrial Company Limited 2002 - 2006 : Director and Executive Director

MFC Asset Management Public Company Limited 2002 - 2004 : Advisor to the Deputy Minister of Finance 2002 - 2003 : Member of Christian University Council 2001 - 2003 : Specialist to the Committee on Monetary Affairs, Finance,

Banking and Finance Institutions, The House of Representatives 1995 - 2001 : Managing Director, M. Thai Industrial Company Limited

π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ μ”·Àπàß : °√√¡°“√·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 31 ∏—𫓧¡ 2549) Õ“¬ÿ : 43 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π°“√‡ß‘π·≈–∏ÿ√°‘®√–À«à“ߪ√–‡∑»  ∂“∫—π∫—≥±‘μ∫√‘À“√∏ÿ√°‘®»»‘π∑√å ·Ààß®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2545 - ªí®®ÿ∫—π : ª√–∏“π°√√¡°“√ ∫√‘…—∑‡ÕÁ¡ ‰∑¬ Õ‘π¥— ‡∑√’¬≈ ®”°—¥ 2545 - 2549 : °√√¡°“√·≈–°√√¡°“√∫√‘À“√

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2545 - 2547 : ∑’˪√÷°…“√—∞¡πμ√’™à«¬«à“°“√°√–∑√«ß°“√§≈—ß 2545 - 2546 : °√√¡°“√ ¿“¡À“«‘∑¬“≈—¬§√‘ ‡μ’¬π 2544 - 2546 : ºŸâ™”π“≠°“√§≥–°√√¡“∏‘°“√ °“√‡ß‘π °“√§≈—ß °“√∏𓧓√

·≈–  ∂“∫—π°“√‡ß‘π 2538 - 2544 : °√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ‡ÕÁ¡ ‰∑¬ Õ‘π¥— ‡∑√’¬≈ ®”°—¥

Mr. Wichai Chungrakkiat Position : Director and Executive Director (Until 5 January 2007) Age : 58 Education : Bachelor Degree of Law (LL.B.), Thammasat University Training : Directors Certificate Program, Thai Institute of Directors Association Experience (The last 5 years) 2005 - 2006 : Director-General, the State Enterprise Policy Office 2003 - 2005 : Inspector › General (Management Level 10),

the Ministry of Commerce 2001 - 2003 : Deputy Director-General (Managemet level 9),

the Revenue Department 1999 - 2001 : Director of Bureau of Legal Affais (Lawyer C 9),

the Revenue Department 1999 : Lawyer (C 9) of Bureau of Legal Affairs, the Revenue Department

𓬫‘™—¬ ®÷ß√—°‡°’¬μ‘ μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 5 ¡°√“§¡ 2550) Õ“¬ÿ : 58 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : π‘μ‘»“ μ√å∫—≥±‘μ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : çÀ≈—° Ÿμ√ Directors Certification Programé ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2548 - 2549 ºŸâÕ”π«¬°“√  ”π—°ß“π§≥–°√√¡°“√π‚¬∫“¬√—∞«‘ “À°‘® 2546 - 2548 : ºŸâμ√«®√“™°“√ (π—°∫√‘À“√ 10) °√–∑√«ß°“√§≈—ß 2544 - 2546 : √ÕßÕ∏‘∫¥’ (π—°∫√‘À“√ 9) °√¡ √√æ“°√ 2542 - 2544 : ºŸâÕ”π«¬°“√ ”π—°°ÆÀ¡“¬ (π‘μ‘°√ 9) °√¡ √√æ“°√ 2542 : π‘μ‘°√ 9 ™™.  ”π—°°ÆÀ¡“¬ °√¡ √√æ“°√

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Mr. Visit Vongruamlarp Position : Director and Executive Director Age : 58 Education : Bachelor of Business Administration - Accounting Thammasat University Training : Directors Accreditation Programé by Thai Institute of Directors Association Directors Certification Programé by Thai Institute of Directors Association Experience (The last 5 years) : 2004 - 2006 Thai ORIX Leasing Company Limited Chairman of the Board 2003 - 2006 Thai Copper Industries Public Company Limited Director 1998 - 2006 Kulthorn Kirby Public Company Limited Director 1996 - 2006 Don Muang Tollway Public Company Limited Director,

Member of the Audit Committee 2001 - 2004 The Industrial Finance Corporation of Thailand

Senior Executive Vice President

𓬫‘»‘…∞å «ß»å√«¡≈“¿ μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ Õ“¬ÿ : 58 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“μ√’¥â“π°“√∫—≠™’ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2547 - 2549 ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‰∑¬‚Õ√‘°´å≈’ ´‘Ëß ®”°—¥ 2546 - 2549 °√√¡°“√ ∫√‘…—∑ ‰∑¬§Õª‡ªÕ√å Õ‘π¥— μ√’Ë ®”°—¥ (¡À“™π) 2541 - 2549 °√√¡°“√ ∫√‘…—∑ °ÿ≈∏√‡§Õ√å∫’È ®”°—¥ (¡À“™π) 2539 - 2549 °√√¡°“√ ·≈–°√√¡°“√μ√«® Õ∫ ∫√‘…—∑

∑“߬°√–¥—∫¥Õπ‡¡◊Õß ®”°—¥ (¡À“™π) 2544 - 2547 √ÕߺŸâ®—¥°“√∑—Ë«‰ª ∫√√…—∑‡ß‘π∑ÿπÕÿμ “À°√√¡·Ààߪ√–‡∑»‰∑¬

Mr. Prapan Siriratthamrong Position : Director and Chairman of the Audit Committee Age : 75 Education : Masterûs Degree in Business Administration, Syracuse University, U.S.A., CPA Training : Chairman 2000 class 4/2001 by Thai Institute of Director Association Directors Accreditation Program by Thai Institute of Directors Association Audit Committee Program by Thai Institute of Directors Association Experience (The last 5 years) : 1993 - Present : Director, CVD Entertainment Public Company Limited 2001 - Present : Chairman, PA Associates Consulting Company Limited

𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß μ”·Àπàß : °√√¡°“√ ·≈–ª√–∏“π°√√¡°“√μ√«® Õ∫ Õ“¬ÿ : 75 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® Syracuse University ª√–‡∑» À√—∞Õ‡¡√‘°“, ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ °“√Õ∫√¡ : À≈—° Ÿμ√ Chairman 2000 √ÿàπ 4/2001 ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Audit Committee Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2536 - ªí®®ÿ∫—π : °√√¡°“√ ∫√‘…—∑ ´’«’¥’ ‡ÕÁπ‡μÕ√å‡∑π‡¡π∑å ®”°—¥ (¡À“™π) 2544 - ªí®®ÿ∫—π : ª√–∏“π°√√¡°“√ ∫√‘…—∑ æ’‡Õ ·Õ ‚´´‘‡Õ∑ å §Õπ´—≈μ‘Èß ®”°—¥

Mr. Adisorn Thananan-narapool Position : Director and Member of the Audit Committee Age : 52 Education : Masterûs Degree in Business Administration, Thammasat University Training : Directors Accreditation Programé by Thai Institute of Directors Association Directors Certification Programé by Thai Institute of Directors Association Experience (The last 5 years) : 2002 - Present : Director and Senior Executive Vice President,

Land and Houses Public Company Limited 1991 - 2001 : Director and Executive Vice President,

Land and Houses Public Company Limited 1990 - 1991 : Senior Vice President - Accounting,

Land and Houses Public Company Limited Others Director - Land and Houses Public Company Limited Director - Land and Houses Property Fund Director - Quality Houses Public Company Limited Director - Secondary Mortgage Corporation Director - MFC Asset Management Public Company Limited Member of Managerial Accounting Profession Committee Vice Chairman - Thai Investor Relation Club

π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√μ√«® Õ∫ Õ“¬ÿ : 52 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2545 - ªí®®ÿ∫—π : °√√¡°“√·≈–√Õß°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑ ·≈π¥å ·Õπ¥å ‡Œâ“ å ®”°—¥ (¡À“™π) 2534 - 2544 : °√√¡°“√·≈–ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑ ·≈π¥å ·Õπ¥å ‡Œâ“ å ®”°—¥ (¡À“™π) 2533 - 2534 : ºŸâÕ”π«¬°“√ΩÉ“¬∫—≠™’ ∫√‘…—∑ ·≈π¥å ·Õπ¥å ‡Œâ“ å ®”°—¥ (¡À“™π)

μ”·Àπàßß“πÕ◊Ëπ Ê °√√¡°“√ ∫√‘…—∑ ·≈π¥å ·Õπ¥å ‡Œâ“ å ®”°—¥ (¡À“™π) °√√¡°“√ °Õß∑ÿπÕ —ßÀ“√‘¡∑√—æ¬å ·≈π¥å ·Õπ¥å ‡Œâ“ å °√√¡°“√ ∫√‘…—∑ §«Õ≈‘μ’È ‡Œâ“ å ®”°—¥ (¡À“™π) °√√¡°“√ ∫√√…—∑μ≈“¥√Õß ‘π‡™◊ËÕ∑’ËÕ¬ŸàÕ“»—¬ °√√¡°“√ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °√√¡°“√  ¿“«‘™“™’æ∫—≠™’¥â“π∫—≠™’∫√‘À“√ √Õߪ√–∏“π°√√¡°“√™¡√¡π—°≈ß∑ÿπ —¡æ—π∏å·Ààߪ√–‡∑»‰∑¬

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Mr. Surathian Chakthranont Position : Director and Chairman of the Risk Management Committee Age : 54 Education : Bachelorûs Degree in Engineering (Environment), Chulalongkorn University Training : - Experience (The last 5 years) : 2004 - Present : Independent director,

MFC Asset Managemet Public Company Limited 2005 - Present : Director, Siam Paper Public Company Limited 2005 - Present : Meber of Council, Shinawatra University 2003 - Present : Advisor to Energy Ashram Project,

Appropriate Technology Association 1995 - 2005 : President, SC Asset Corporation Public Company Limited 1997 - 1995 : Director and Deputy Managing Director,

Juldis Develop Public Company Limited 1983 - 1985 : Project Manager, the subsidiary company of Crown

Property Bureau

𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å μ”·Àπàß : °√√¡°“√ ·≈–ª√–∏“π§≥–°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß Õ“¬ÿ : 54 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“μ√’«‘»«°√√¡»“ μ√å  “¢“ ‘Ëß·«¥≈âÕ¡ ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ °“√Õ∫√¡ : - ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2547 - ªí®®ÿ∫—π : °√√¡°“√Õ‘ √–

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2548 - ªí®®ÿ∫—π : °√√¡°“√ ∫√‘…—∑ °√–¥“…»√’ ¬“¡ ®”°—¥ (¡À“™π) 2548 - ªí®®ÿ∫—π : °√√¡°“√ ¿“ ¡À“«‘∑¬“≈—¬™‘π«—μ√ 2546 - ªí®®ÿ∫—π : ∑’˪√÷°…“Õ“»√¡æ≈—ßß“π  ¡“§¡‡∑§‚π‚≈¬’Ë∑’ˇÀ¡“– ¡ 2538 - 2548 : °√√¡°“√ºŸâÕ”π«¬°“√

∫√‘…—∑ ‡Õ ´’ ·Õ ‡ ∑ §Õ√åªÕ‡√™—Ëπ ®”°—¥ (¡À“™π) 2530 - 2538 : °√√¡°“√·≈–√Õß°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑ ®ÿ≈¥‘» ¥’‡«≈≈Õª ®”°—¥ (¡À“™π) 2526 - 2528 : «‘»«°√∫√‘À“√‚§√ß°“√

∫√‘…—∑„π‡§√◊Õ ”π—°ß“π∑√—æ¬å ‘π à«πæ√–Õߧå

Mr. Kamthorn Tatiyakavee Position : Director and Member of The Audit Committee Age : 53 Education : Masterûs Degree in Business Administration, University of Bridgeport Connecticut, U.S.A. Training : Audit Committee Program by Thai Institute of Directors Association Directors Accreditation Program by Thai Institute of Directors Association Directors Certification Program by Thai Institute of Directors Association Experience (The last 5 years) : 2002 - Present : President of President Holding Co., Ltd. 2002 - Present : Director of Thai President Foods Plc. 2002 - Present : Director of President Bakery Plc. 2002 - Present : Director of Chiangmai Thai Canadian Venture Co., Ltd. 2003 - Present : Director Consultant of Kerry Flour Mills Co., Ltd. 2004 - Present : Director of Asset Management Corporation 2003 - 2006 : Director of T M Foods Co., Ltd. 2002 - 2006 : Director of The Government Lottery Office 2006 : Director and Executive Director of Small and Medium

Enterprise Development Bank of Thailand

𓬰”∏√ μ쑬°«’ μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√μ√«® Õ∫ Õ“¬ÿ : 53 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑ ∫√‘À“√∏ÿ√°‘®  “¢“°“√‡ß‘π, University of Bridgeprot Connecticut, U.S.A. °“√Õ∫√¡ : À≈—° Ÿμ√ Audit Committee Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2545 - ªí®®ÿ∫—π : °√√¡°“√ºŸâÕ”π«¬°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‚Œ≈¥‘Èß ®”°—¥ 2545 - ªí®®ÿ∫—π : °√√¡°“√∫√‘…—∑ ‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) 2545 - ªí®®ÿ∫—π : °√√¡°“√∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) 2545 - ªí®®ÿ∫—π : °√√¡°“√∫√‘…—∑ ‡™’¬ß„À¡à√à«¡∑ÿπ‰∑¬ §“𓇥’¬π ®”°—¥ 2546 - ªí®®ÿ∫—π : ∑’˪√÷°…“§≥–°√√¡°“√∫√‘…—∑ ‡§Õ√’Ë ø≈“«¡‘≈≈å ®”°—¥ 2547 - ªí®®ÿ∫—π : °√√¡°“√∫√√…—∑∫√‘À“√ ‘π∑√—æ¬å ∂“∫—π°“√‡ß‘π 2546 - 2549 : °√√¡°“√∫√‘…—∑ ∑’ ‡ÕÁ¡ øŸ¥ å ®”°—¥ 2545 - 2549 : °√√¡°“√ ”π—°ß“π ≈“°°‘π·∫àß√—∞∫“≈ 2547 - ªí®®ÿ∫—π : °√√¡°“√·≈–°√√¡°“√∫√‘À“√∏𓧓√æ—≤π“«‘ “À°‘®

¢π“¥°≈“ß·≈–¢π“¥¬àÕ¡·Ààߪ√–‡∑»‰∑¬

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Dr. Pichit Akrathit Position : Director, Executive Director and President Age : 53 Education : Ph.D. in Economics, The University of Texas at Austin, U.S.A. Training : Director Accreditation Program by Thai Institute of Directors Association Director Certification Program by Thai Institute of Directors Association Capital Market Academy Leader Program by The Stock Exchange of Thailand Experience (The last 5 years) : 2002 - Present President, MFC Asset Management Public Company Limited 2006 - Present Governor and Chairman Risk Management Committee,

The Stock Exchange of Thailand 2002 - Present Director and Executive Director, Export - Import Bank of

Thailand 2006 - Present Director and Chairman of the Executive Committee,

Small Business Credit Guarantee 2006 - Present : Director, Thailand Securities Depository Company Limited 2007 - Present : Chairman of Risk Management Committe,

Small and Medium Enterprise Development Bank of Thailand 2004 - Present Director

The Energy Fund Administration Institute çEFAIé (Public Organization), Ministry of Energy 1999 - Present Disciplinary Committee Member on Economics,

The National Research Council of Thailand, Prime Minister Office 1996 - present Member of Board of Directors, College of Innovative Education

Thammasat University 2004 - Present Committee for Good Corporate Governance,

Government Savings Bank 2006 - Present Committee for Preparation to Setting up of National

Pension Fund, Ministry of Finance 2000 - Present Committee for Negotiation and Assessment of State

Enterprise Performance, Ministry of Finance 2005 - Present Committee for Negotiation and Assessment for 2006

budget year, Office of the Public Sector Development Commission (OPDC), Prime Minister Office 2003 - Present Committee, State Enterprise Policy, The Secretariat of

The Cabinet

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‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2549 - ªí®®ÿ∫—π °√√¡°“√ ·≈–ª√–∏“π§≥–Õπÿ°√√¡°“√∫√‘À“√§«“¡‡ ’ˬß

μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ 2545 - ªí®®ÿ∫—π °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ ∏𓧓√‡æ◊ËÕ°“√ àßÕÕ°

·≈–π”‡¢â“·Ààߪ√–‡∑»‰∑¬ 2549 - ªí®®ÿ∫—π °√√¡°“√ ·≈–ª√–∏“π°√√¡°“√∫√‘À“√

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¢π“¥°≈“ß·≈–¢π“¥¬àÕ¡·Ààߪ√–‡∑»‰∑¬ 2547 - ªí®®ÿ∫—π °√√¡°“√  ∂“∫—π∫√‘À“√°Õß∑ÿπæ≈—ßß“π (Õߧå°√¡À“™π)

°√–∑√«ßæ≈—ßß“π 2542 - ªí®®ÿ∫—π °√√¡°“√ ¿“«‘®—¬·Ààß™“μ‘  “¢“‡»√…∞»“ μ√å

 ”π—°ß“π§≥–°√√¡°“√«‘®—¬·Ààß™“μ‘ 2539 - ªí®®ÿ∫—π °√√¡°“√Õ”π«¬°“√«‘∑¬“≈—¬π«—μ°√√¡Õÿ¥¡»÷°…“

¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å 2547 - ªí®®ÿ∫—π °√√¡°“√ §≥–°√√¡°“√°”°—∫¥Ÿ·≈°“√∫√‘À“√°‘®°“√∑’Ë¥’

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∫”‡ÀπÁ®∫”π“≠·Ààß™“μ‘ °√–∑√«ß°“√§≈—ß 2543 - ªí®®ÿ∫—π °√√¡°“√ §≥–°√√¡°“√®—¥∑”∫—π∑÷°¢âÕμ°≈ß·≈–ª√–‡¡‘πº≈

°“√¥”‡π‘πß“π√—∞«‘ “À°‘® °√–∑√«ß°“√§≈—ß 2548 - ªí®®ÿ∫—π §≥–°√√¡°“√‡®√®“¢âÕμ°≈ß·≈–°“√ª√–‡¡‘πº≈

ª√–®”ªïß∫ª√–¡“≥ æ.». 2549  ”π—°ß“π§≥–°√√¡°“√æ—≤π“√–∫∫√“™°“√ (°.æ.√)  ”π—°π“¬°√—∞¡πμ√’ 2546 - ªí®®ÿ∫—π °√√¡°“√ºŸâ∑√ߧÿ≥«ÿ≤‘ §≥–°√√¡°“√°”°—∫π‚¬∫“¬

¥â“π√—∞«‘ “À°‘® (°π√.)  ”π—°‡≈¢“∏‘°“√§≥–√—∞¡πμ√’

Mr. Boonsak Chiempricha Position : Director and Executive Director (Since 8 January 2007 - Present) Age : 57 Education : MBA THE UNIVERSITY OF SANTA CLARA, SAN JOSE, C.A., U.S.A. Training : Directors Certificate Program by Thai Institute of Directors Association Experience (The last 5 years) Present Inspecter General, The Ministry of Finance 2004 Director - General The Comptroller Generalûs Department 2003 Deputy Permanent Secretary, The Ministry of Finance 2002 Inspecter General, The Ministry of Finance 2001 Deputy Director General, The Revenue Department

π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ μ”·Àπàß : ª√–∏“π°√√¡°“√∫√‘À“√ ·≈–°√√¡°“√ (¥”√ßμ”·Àπàßμ—Èß·μà 8 ¡°√“§¡ 2550 - ªí®®ÿ∫—π) Õ“¬ÿ : 57 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : MBA THE UNIVERSITY OF SANTA CLARA, SAN JOSE, C.A., ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : ªí®®ÿ∫—π ºŸâμ√«®√“™°“√°√–∑√«ß°“√§≈—ß 2547 Õ∏‘∫¥’°√¡∫—≠™’°≈“ß °√–∑√«ß°“√§≈—ß 2546 √Õߪ≈—¥°√–∑√«ß°“√§≈—ß 2545 ºŸâμ√«®√“™°“√°√–∑√«ß°“√§≈—ß 2544 √ÕßÕ∏‘∫¥’°√¡ √√æ“°√ °√–∑√«ß°“√§≈—ß

13

Mr. Manas Jamveha Position : Director and Executive Director (Since 17 January 2007 - Present) Age : 50 Education : M.A. (Public Admin), Thammasat University LL.B. (Laws) Thammasat University Training : Directors Certificate Program, by Thai Institute of Directors Association The Civil Service Executive Development Program, Class 46, Civil Service Trainging Institute Executive Development Program Kellogg School of Management, Northwestern University, U.S.A. Certificate of Public Administration & Public Law, King Prajadhipokûs Institute Certificate in Administrative law, Thai Barrisater of Law Certficate of Middle Management Professional, Canada Ministry of Finance, Ottawa, Canada Certificate in Financial Management, United Stated Air Force, Texas, U.S.A. Experience (The last 5 years) Present Deputy Comptroller-General 2005 : Acting Deputy Comptroller-General 2004 : Director, Bureau of Legal Standards and Fiscal Regulations 2003 : Senior Specialist in Fiscal Law

π“¬¡π—  ·®à¡‡«À“ μ”·Àπàß : °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 17 ¡°√“§¡ 2550 - ªí®®ÿ∫—π) Õ“¬ÿ : 50 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : √—∞»“ μ√å¡À“∫—≥±‘μ  “¢“∫√‘À“√√—∞°‘® ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å π‘μ‘»“ μ√å∫—≥±‘μ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√–°“»π’¬∫—μ√π—°∫√‘À“√√–¥—∫ Ÿß (π∫ .) √ÿàπ∑’Ë 46 Executive Development Program Kellogg School of Management, Northwestern University, U.S.A. ª√–°“»π’¬∫—μ√À≈—° Ÿμ√°“√∫√‘À“√ß“π¿“§√—∞·≈–°ÆÀ¡“¬¡À“™π √ÿàπ∑’Ë 3  ∂“∫—πæ√–ª°‡°≈â“ ª√–°“»π’¬∫—μ√«‘™“°ÆÀ¡“¬ª°§√Õß √ÿàπ∑’Ë 1  ”π—°Õ∫√¡»÷°…“°ÆÀ¡“¬ ·Àà߇πμ‘∫—≥±‘μ¬ ¿“ ª√–°“»π’¬∫—μ√ Middle Management Professional √ÿàπ∑’Ë 1 °√–∑√«ß°“√§≈—ß ª√–‡∑»·§π“¥“ ª√–°“»π’¬∫—μ√ Financial Management °Õß∑—æÕ“°“»  À√—∞Õ‡¡√‘°“ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : ªí®®ÿ∫—π √ÕßÕ∏‘∫¥’°√¡∫—≠™’°≈“ß °√–∑√«ß°“√§≈—ß 2548 √—°…“°“√√ÕßÕ∏‘∫¥’ °√¡∫—≠™’°≈“ß °√–∑√«ß°“√§≈—ß 2547 ºŸâÕ”π«¬°“√ ”π—°¡“μ√∞“π ¥â“π°ÆÀ¡“¬·≈–√–‡∫’¬∫°“√§≈—ß

°√¡∫—≠™’°≈“ß °√–∑√«ß°“√§≈—ß 2546 π‘μ‘°√ 9 ™™. °√¡∫—≠™’°≈“ß °√–∑√«ß°“√§≈—ß

Miss Choomporn Ratamongkol Position : Director (Since 8 January 2007 - Present) Age : 58 Education : Master of Science in Technology of Management (Computer System Application) The American University, Washington, D.C., U.S.A. Training : - Experience (The last 5 years): Present : Senior Executive Vice President (Investment) Oct 2004 - January 2007 : Executive Vice President (Investment) Oct 1996 - Sep 2004 : Senior Vice President, Treasury Dept. Oct 1984 - Sep 1996 : Vice President, Information Technology Dept.

π“ß “«™ÿ¡æ√ √—μ¡ß§≈ μ”·Àπàß : °√√¡°“√ (¥”√ßμ”·Àπàßμ—Èß·μà 8 ¡°√“§¡ 2550 - ªí®®ÿ∫—π) Õ“¬ÿ : 58 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑ ¥â“π Technology of Management (Computer System Application) The American University, «Õ™‘ßμ—π ¥’ ´’ ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : - ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : ªí®®ÿ∫—π √ÕߺŸâÕ”π«¬°“√∏𓧓√ÕÕ¡ ‘π  “¬°“√≈ß∑ÿπ μÿ≈“§¡ 2547 - ¡°√“§¡ 2550 ºŸâ™à«¬ºŸâÕ”π«¬°“√∏𓧓√ÕÕ¡ ‘π

 “¬°“√≈ß∑ÿπ μÿ≈“§¡ 2539 - °—𬓬π 2547 ºŸâÕ”π«¬°“√ΩÉ“¬∫√‘À“√‡ß‘π ∏𓧓√ÕÕ¡ ‘π μÿ≈“§¡ 2527 - °—𬓬π 2539 √ÕߺŸâÕ”π«¬°“√ΩÉ“¬‡∑§‚π‚≈¬’ “√ π‡∑»

∏𓧓√ÕÕ¡ ‘π

Mr. Chakkrit Parapuntakul Position : Director and Executive Director Age : 48 Education : Master Degree in business Administration, Angelo State, Texas, U.S.A. Training : The Civil Service Executive Development Program : Visionary Leadership, Executive class 46 Audit Committee Program by Thai Institute of Directors Association Executive Development Program (class 66), Kellogg School of Management, Chicago, U.S.A. Directors Accreditation Program by Thai Institute of Directors Association Executive Team Building Workshop, Garden A Prime Resort, Rose Garden Experience (The last 5 years) : Vice spokesman of the Ministry of Finance, Spokesman of the Public Debt

Management Office Chairman of the Audit Committee (PSAP LISTED COMPANY) PDMO Representative in Sub-Committee for Finance and Budget of AOT PDMO Representative in Sub-Committee for Corporate Risk Management

of AOT Board Director of Ratchaburi Energy Company Limited PDMO Representative in Legal Framework Modernization Committee for

Organization Restructuring (Ministry of Finance)

𓬮—°√°ƒ»Ø‘Ï æ“√“æ—π∏°ÿ≈ μ”·Àπàß : °√√¡°“√∫√‘À“√ ·≈–°√√¡°“√ Õ“¬ÿ : 48 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ∫√‘À“√∏ÿ√°‘®¡À“∫—≥±‘μ  “¢“∫√‘À“√∏ÿ√°‘® Angelo State, Texas, ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : π—°∫√‘À“√√–¥—∫ Ÿß : ºŸâπ”∑’Ë¡’«‘ —¬∑—»πå √ÿàπ∑’Ë 46,  ”π—°ß“π °.æ. Audit Committee Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ Executive Development Program (EDP) √ÿàπ∑’Ë 66 Kellogg School of Management, Chicago À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ Executive Team Building Workshop ‚√ß·√¡°“√凥âπ ‡Õ‰æ√¡ √’ Õ√å∑  «π “¡æ√“π ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : √Õß‚¶…°°√–∑√«ß°“√§≈—ß, ‚¶…° ”π—°ß“π∫√‘À“√Àπ’È “∏“√≥– ª√–∏“π°√√¡°“√°“√μ√«® Õ∫∫√‘…—∑ ªÉÕß∑√—æ¬å ®”°—¥ (¡À“™π) Õπÿ°√√¡°“√¥â“π°“√‡ß‘π¢Õß∫√‘…—∑ ∑à“Õ“°“»¬“π‰∑¬ ®”°—¥ (¡À“™π) Õπÿ°√√¡°“√∫√‘À“√§«“¡‡ ’ˬߢÕß∫√‘…—∑ ∑à“Õ“°“»¬“π‰∑¬ ®”°—¥ (¡À“™π) §≥–∑”ß“π∫√‘À“√§«“¡‡ ’ˬßÀπ’Èμà“ߪ√–‡∑»

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®“°μ≈“¥‡ß‘π∑ÿπμà“ߪ√–‡∑»

14

𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå μ”·Àπàß : √Õß°√√¡°“√ºŸâ®—¥°“√ ( “¬°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ à«π∫ÿ§§≈) Õ“¬ÿ : 58 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π‡»√…∞»“ μ√å Western Illinois University ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡: À≈—° Ÿμ√ Directors Certification Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ Finance for Non-Finance Director ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ºŸâ«“ß·ºπ°“√≈ß∑ÿπ √ÿàπ 6 ®—¥‚¥¬  ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ °ÆÀ¡“¬·≈–®√√¬“∫√√≥¢ÕߺŸâ®—¥°“√°Õß∑ÿπ √ÿàπ 8 ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ªí®®—¬ ”§—≠μàÕ°“√æ—≤π“°“√μ√«® Õ∫¿“¬„π ®—¥‚¥¬ ¡“§¡ºŸâμ√«® Õ∫¿“¬„π ·Ààߪ√–‡∑»‰∑¬ √à“ß¡“μ√∞“π°“√∫—≠™’ ‡√◊ËÕß °Õß∑ÿπ√«¡·≈–ß∫°“√‡ß‘π√–À«à“ß°“≈ ®—¥‚¥¬ ¡“§¡π—°∫—≠™’ ·≈–ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ·Ààߪ√–‡∑»‰∑¬  Ÿà»—°√“™„À¡à¢Õß°“√≈ß∑ÿπ„π∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ

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∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

𓬇®…Æ“«—≤πå ‡æ√’¬∫®√‘¬«—≤πå μ”·Àπàß : √Õß°√√¡°“√ºŸâ®—¥°“√ ( “¬ß“π∫√‘À“√°Õß∑ÿπ·≈– “¬ß“πæ—≤π“∏ÿ√°‘®„À¡à) Õ“¬ÿ : 50 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : MBA ¥â“π°“√‡ß‘π New York University ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : À≈—° Ÿμ√ºŸâ®—¥°“√°Õß∑ÿπ ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ºŸâ‡™’ˬ«™“≠°“√≈ß∑ÿπ„πÀ≈—°∑√—æ¬å ®—¥‚¥¬μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ À≈—° Ÿμ√μ√“ “√Õπÿæ—π∏å √—∞™‘§“‚°â ª√–‡∑» À√—∞Õ‡¡√‘°“ À≈—° Ÿμ√ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√°“√‡ß‘π (CFOs)é ª√–‡∑» ‘ߧ傪√å ®—¥‚¥¬¡À“«‘∑¬“≈—¬π‘«¬Õ√å§√à«¡°—∫ ∂“∫—π°“√®—¥°“√·Ààߪ√–‡∑» ‘ߧ傪√å ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 28 ‡¡…“¬π 2549 - ªí®®ÿ∫—π : √Õß°√√¡°“√ºŸâ®—¥°“√ ( “¬ß“π∫√‘À“√°Õß∑ÿπ·≈–

 “¬ß“πæ—≤π“∏ÿ√°‘®„À¡à) ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °—𬓬π 2547 - ‡¡…“¬π 2549 : √Õß°√√¡°“√ºŸâ®—¥°“√ ( “¬ß“π∫√‘À“√°Õß∑ÿπ)

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2545 -  ‘ßÀ“§¡ 2547 : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ ( “¬ß“π∫√‘À“√°Õß∑ÿπ)

∫√‘…—∑À≈—°∑√—æ¬å ‡§®’‰Õ (ª√–‡∑»‰∑¬) ®”°—¥ (¡À“™π)

√Õß°√√¡°“√ºŸâ®—¥°“√ Senior Executive Vice President

15

Mr. Chaibhondh Osataphan Position : Senior Executive Vice President (Provident and Private Fund Marketing) Age : 58 Education : Masterûs Degree in Economics. Western Illinois University, U.S.A. Training : Directors Certification Program by Thai Institute of Directors Association Finance for Non-Finance Directors by Thai Institute of Directors Association Investment Planners by Association of Investment Management Companies Ethics & Law for Fund Managers by Association of Investment Management Companies (AIMC) Critical Issues for an Emerging Audit Committee by The Institute of Internal Auditors of Thailand Draft of Accounting Standard for the Mutual Fund Business and Interim Financial Statements by The Institute of Certified Accountant and Auditors of Thailand New Era of Property Investment by Association of Investment Management Companies (AIMC) Experience (The last 5 years) : 2004 - Present : Senior Executive Vice President (Provident and Private Fund Marketing), MFC Asset Management

Public Company Limited 2003 - 2004 : Senior Executive Vice President (Financial Administration and Profit Center), MFC Asset Management

Public Company Limited 1991 - 2003 : Senior Executive Vice President (Administration), MFC Asset Management Public Company Limited

Mr. Jesadavat Priebjrivat Position : Senior Executive Vice President (Fund Management & Wealth Management) Age : 50 Education : MBA (Finance), New York University, U.S.A. Training : Fund Manager by Association of Investment Management Companies Directors Accreditation Program by Thai Institute of Directors Association Executive course on Modern Investmnet Professional (çMini MIPé) by The Stock Exchange of Thailand Executive course on derivativesé Chicago, USA Training for chief financial officers (CFOs)é organized by Singapore Institute of Management and New York University Experience (The last 5 years) : 28 April 2006 - Present : Senior Executive Vice President (Fund Management & Wealth Management)

September 2004 - April 2006 : Senior Executive Vice President (Fund Management), MFC Asset Management Public Company Limited 2002 - August 2004 : Executive Vice President KGI Securities (Thailand) Public Company Limited : Director

Investment Banking Club 1998 - 2002 : Consultant and Expert

- Executive course on derivativesé Chicago, USA - Financing Strategy for SMEs supported by Asian Development Bank - EGAT on power pool system - Government Pharmaceutical Organization on Privatization

ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 2547 - ªí®®ÿ∫—π : √Õß°√√¡°“√

ºŸâ®—¥°“√ ( “¬°“√μ≈“¥°Õß∑ÿπ  ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ  à«π∫ÿ§§≈) ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2546 - 2547 : √Õß°√√¡°“√

®—¥°“√ ( “¬∫√‘À“√°“√‡ß‘π·≈– »Ÿπ¬å°”‰√) ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 2534 - 2546 : √Õß°√√¡°“√

®—¥°“√ ( “¬∫√‘À“√) ∫√‘…—∑ À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

2541 - 2545 : ∑’˪√÷°…“ ·≈–ºŸâ‡™’ˬ«™“≠ - ‚§√ß°“√ çFinancing Strategy for SMEsé - ¢Õß∏𓧓√‡æ◊ËÕ°“√æ—≤π“ ‡Õ‡™’¬ (ADB) - °“√‰øøÑ“ΩÉ“¬º≈‘μ·Ààß ª√–‡∑»‰∑¬ ‡√◊ËÕß çPower Poolé - Õߧ尓√‡¿ —™°√√¡‡√◊ËÕß ç°“√·ª√√ŸªÕߧå°√é

2542 › 2546 : ºŸâ™à«¬°√√¡°“√

ºŸâ®—¥°“√ ∫√‘…—∑ ‰∑¬‡√∑μ‘Èß ·Õπ¥åÕ‘πøÕ√凡™—Ëπ‡´Õ√å«‘  ®”°—¥ ª√– ∫°“√≥åÕ◊ËπÊ „π∫√‘…—∑ À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø ’ ®”°—¥ (¡À“™π) 2548 - ªí®®ÿ∫—π : °√√¡°“√

§≥–°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß 2546 - ªí®®ÿ∫—π : √Õߪ√–∏“π

§≥–°√√¡°“√¥â“π°“√°”°—∫¥Ÿ·≈ °‘®°“√∑’Ë¥’ 2546 - ªí®®ÿ∫—π : °√√¡°“√

§≥–°√√¡°“√°“√≈ß∑ÿπ

Mr. Soontorn Pojthanamas Position : Senior Executive Vice President (Mutual Fund Marketing) Age : 52 Education : Master of Business Administration, University of Notre Dame, Indiana, U.S.A. (Sponsored by the Bank of Thailand Scholarship) Training (The last 5 years) : çDirectors Certification Programé by Thai Institute of Directors Association Experience (The last 5 years) : 2006 - present : Senior Executive Vice President (Mutual Fund Marketing)

MFC Asset Management Public Company Limited 2003 - 2006 : Senior Executive Vice President (Operation and General Administration)

MFC Asset Management Public Company Limited 2004 - Present : Committee Member, Committee for Performance Assessment of Government Agenciesû Revolving

Funds, Ministry of Finance : Committee Member, Committee for Preparing Performance Agreement and Assessment of Government Agenciesû Revolving Funds, Ministry of Finance 2006 - Present : Director (Representative of Tsunami Recovery Fund) Phuket Fantasia Company Limited Three

Dolphins Resort Company Limited 2004 - 2005 : Director Association of Investment Management Companies (AIMC) 2004 - Present : Secretary to Nominating and Remuneration Committee MFC Asset Management Public Company Limited 1999 - 2003 : Executive Vice President Thai Rating and Information Services Company Limited

Other Experience in MFC Asset Management Public Company Limited 2005 - Present : Committee Member, Risk Management Committee 2003 - Present : Vice Chairman, Good Corporate Governance Committee 2003 - Present : Committee Member, Investment Committee

16

ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

𓬠¡æ√ ∫ÿ√‘π∑√“∏‘°ÿ≈ μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√Õ“«ÿ‚  (°“√μ≈“¥°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å) Õ“¬ÿ : 56 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® (°“√‡ß‘π) Asian Institute of Management ª√–‡∑»øî≈‘ªªîπ å °“√Õ∫√¡ : √à«¡ª√–™ÿ¡ REITs World Asia Pacific 2002 ·≈– 2004 ∑’˪√–‡∑» ‘ߧ‚ª√å ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 惻®‘°“¬π 2545 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

Õ“«ÿ‚  (°“√μ≈“¥°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å) ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ¡’π“§¡ 2545 - μÿ≈“§¡ 2545 : ∑’˪√÷°…“°“√≈ß∑ÿπ

Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 情¿“§¡ 2534 - ¡°√“§¡ 2545 : °√√¡°“√∫√‘À“√

¿“§æ◊Èπ‡Õ‡™’¬ ∫√‘…—∑ Jones Lang LaSalle ®”°—¥

Mr. Somporn Burintrathikul Position : Executive Vice President (Property Fund Marketing) Age : 56 Education : Master of Business Management (Finance), Asian Institute of Management, Philippines Training : REITûs World Asia Pacific 2002 and 2004 in Singapore Experience (The last 5 years) : November 2002 - Present : Executive Vice President

(Property Fund Marketing), MFC Asset Management Public Company Limited March 2002 - October 2002 : Real Estate Investment

Adviser, MFC Asset Management Public Company Limited May 1991 - January 2002 : Regional Director-Asia,

Jones Lang LaSalle Company Limited

Mrs. Prapaisri Nuntiya Position : Executive Vice President (Fund Operation) Age : 55 Education : Bachelorûs Degree in Accounting, Chulalongkorn University Mini MBA (MMP class 34), Chulalongkorn University Training : çFund Manager Course 8é by Association of Investment Management Companies Experience (The last 5 years) : October 2004 - Present : Executive Vice President

(Operation & General Administration) MFC Asset Management Public Company Limited December 2003 - September 2004 : Senior Vice

President, Fund Operation Department MFC Asset Management Public Company Limited October 2001 - November 2003 : Senior Vice President,

Fund Registration Department MFC Asset Management Public Company Limited November 1996 - October 2001 : Vice President,

Provident Fund Accounting & Registration Department MFC Asset Management Public Company Limited

π“ߪ√–‰æ»√’ π—π∑‘¬“ μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (ªØ‘∫—μ‘°“√°Õß∑ÿπ) Õ“¬ÿ : 55 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“μ√’¥â“π∫—≠™’ ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ Mini MBA (MMP √ÿàπ 34) ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ °“√Õ∫√¡ : À≈—° Ÿμ√ºŸâ®—¥°“√°Õß∑ÿπ √ÿàπ∑’Ë 8 ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

( “¬ß“πªØ‘∫—μ‘°“√·≈–∫√‘À“√∑—Ë«‰ª) ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∏—𫓧¡ 2546 - °—𬓬π 2547 : ºŸâÕ”π«¬°“√ΩÉ“¬ªØ‘∫—μ‘°“√

°Õß∑ÿπ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø ’ ®”°—¥ (¡À“™π) μÿ≈“§¡ 2544 - 惻®‘°“¬π2546 : ºŸâÕ”π«¬°“√ΩÉ“¬∑–‡∫’¬π

°Õß∑ÿπ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 惻®‘°“¬π 2539 - μÿ≈“§¡ 2544 : ºŸâ™à«¬ºŸâÕ”π«¬°“√Õ“«ÿ‚ 

ΩÉ“¬∫—≠™’·≈–∑–‡∫’¬π°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

π“ß®‘√“æ√ ∫ÿ≠«“π‘™ μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ) Õ“¬ÿ : 51 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π√—∞ª√–»“ π»“ μ√å  ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (π‘¥â“) °“√Õ∫√¡ : À≈—° Ÿμ√ºŸâ«“ß·ºπ°“√≈ß∑ÿπ √ÿàπ∑’Ë 4 ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿ𠂧√ß°“√‡°…μ√¡‘π‘‡ÕÁ¡∫’‡Õ √ÿàπ∑’Ë 13 ®—¥‚¥¬¡À“«‘∑¬“≈—¬‡°…μ√»“ μ√å ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

(°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ) ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∏—𫓧¡ 2546 - °—𬓬π 2547 : ºŸâÕ”π«¬°“√ΩÉ“¬∏ÿ√°‘®

°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) 惻®‘°“¬π 2545 - 惻®‘°“¬π 2546 : ºŸâÕ”π«¬°“√

ΩÉ“¬∫√‘°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) μÿ≈“§¡ 2544 - μÿ≈“§¡ 2545 : ºŸâ™à«¬ºŸâÕ”π«¬°“√Õ“«ÿ‚ 

ΩÉ“¬∫√‘°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡¡…“¬π 2543 - °—𬓬π 2544 : ºŸâ™à«¬ºŸâÕ”π«¬°“√

Õ“«ÿ‚  ΩÉ“¬∏ÿ√°‘® ∂“∫—π ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

Mrs. Jiraporn Boonvanich Position : Executive Vice President (Provident Fund Marketing) Age : 51 Education : Master ùs Degree in Public Administration, National Institute Development Administration (NIDA) Training : Investment Planner, Class 4 organized by Association Investment Management Companies Mini › MBA, Class 13 organized by Kasetsart University Experience (The last 5 years) : October 2004 - Present : Executive Vice President

(Provident Fund Marketing) MFC Asset Management Public Company Limited December 2003 - September 2004 : Senior Vice

President, Provident Fund Business Department MFC Asset Management Public Company Limited November 2002 - November 2003 : Senior Vice

President, Provident Fund Service Department MFC Asset Management Public Company Limited October 2001 - October 2002 : Vice President,

Provident Fund Service Department MFC Asset Management Public Company Limited April 2000 - September 2001 : Vice President,

Institutional Business Department MFC Asset Management Public Company Limited

17

Executive Vice President

π“ßπ‘¿“æ√√≥ √’Èæ≈°ÿ≈ μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (∏ÿ√°‘® —¡æ—π∏å) Õ“¬ÿ : 55 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π°“√‡ß‘π ¡À“«‘∑¬“≈—¬‡°…μ√»“ μ√å ª√–°“»π’¬∫—μ√ À≈—° Ÿμ√‡»√…∞°‘® “∏“√≥–  ”À√—∫ºŸâ∫√‘À“√√–¥—∫ Ÿß®“° ∂“∫—πæ√–ª°‡°≈â“ °“√Õ∫√¡ : çÀ≈—° Ÿμ√°“√æ—≤π“ºŸâ∫√‘À“√√–¥—∫ Ÿßé ®—¥‚¥¬ ∂“∫—π°“√∫√‘À“√·≈–®‘μ«‘∑¬“ 纟⫓߷ºπ°“√≈ß∑ÿπ √ÿàπ∑’Ë 2é ®—¥‚¥¬ ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : 惻®‘°“¬π 2545 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

(∏ÿ√°‘® —¡æ—π∏å) ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) μÿ≈“§¡ 2542 - μÿ≈“§¡ 2545 : ºŸâÕ”π«¬°“√æ—≤π“∏ÿ√°‘®

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

π“ß‚»¿‘¥“ ≈Ÿà«’√–æ—π∏å μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (∫√‘À“√°Õß∑ÿπ) Õ“¬ÿ : 43 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬Õ—  —¡™—≠ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

(∫√‘À“√°Õß∑ÿπ) ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∏—𫓧¡ 2546 - °—𬓬π 2547 : ºŸâ®—¥°“√°Õß∑ÿπÕ“«ÿ‚ 

ΩÉ“¬∫√‘À“√∏ÿ√°‘®°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ·≈–°Õß∑ÿπ  à«π∫ÿ§§≈ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) μÿ≈“§¡ - 惻®‘°“¬π 2546 : ºŸâ®—¥°“√°Õß∑ÿπÕ“«ÿ‚ 

°≈ÿà¡∫√‘À“√μ√“ “√∑ÿπ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡¡…“¬π 2543 - μÿ≈“§¡ 2544 : ºŸâ®—¥°“√°Õß∑ÿπÕ“«ÿ‚ 

°≈ÿà¡∫√‘À“√°Õß∑ÿπ√«¡ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

Mrs. Nipapan Reepolkul Position : Executive Vice President (Business Relations) Age : 55 Education : Masterûs Degree in Finance, Kasetsart University Certificate of public Economics for Senior Executive from King Prajadhipokûs Institute Training : çExecutive Training Programé by Management and Psychology Institute çInvestment Planner class 2é by Association of Investment Management Companies Experience (The last 5 years) : November 2002 - Present : Executive Vice President

(Business Relations), MFC Asset Management Public Company Limited October 1999 - October 2002 : Business Development

Director, MFC Asset Management Public Company Limited

Mrs. Sopida Luveeraphan Position : Executive Vice President (Fund Management) Age : 43 Education : Masterûs Degree in Business Administration, Assumption University Training : Directors Accreditation Programé by Thai Institute of Directors Association Experience (The last 5 years) : October 2004 - Present : Executive Vice President

(Fund Management) MFC Asset Management Public Company Limited December 2003 - September 2004 : Senior Fund Manager,

Provident and Private Fund Management Department MFC Asset Management Public Company Limited October - November 2003 : Senior Fund Manager,

Equity Fund Management Department MFC Asset Management Public Company Limited April 2000 - September 2001 : Senior Fund Manager,

Mutual Fund Management Group MFC Asset Management Public Company Limited Mrs. Pannarat Bhanpato Position : Executive Vice President (Fund Management) Age : 44 Education : Masterûs Degree in Business Administration (Finance), University of Texas at Arlington, USA. Training : Directors Accreditation Programé by Thai Institute of Directors Association Experience (The last 5 years) : October 2004 - Present : Executive Vice President

(Fund Management) MFC Asset Management Public Company Limited February 2001 - September 2004 : Senior Fund Manager,

Fixed Income Fund Management Group MFC Asset Management Public Company Limited April 2000 › January 2001: Senior Fund Manager,

Provident Fund and Private Fund Management Group MFC Asset Management Public Company Limited

π“ßæ—≥≥√—™μå ∫√√æ‚μ μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (∫√‘À“√°Õß∑ÿπ) Õ“¬ÿ : 44 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® (°“√‡ß‘π) University of Texas at Arlington ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

(∫√‘À“√°Õß∑ÿπ) ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °ÿ¡¿“æ—π∏å 2544 - °—𬓬π 2547 : ºŸâ®—¥°“√°Õß∑ÿπÕ“«ÿ‚ 

°≈ÿà¡∫√‘À“√μ√“ “√Àπ’È ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡¡…“¬π 2543 - ¡°√“§¡ 2544 : ºŸâ®—¥°“√°Õß∑ÿπÕ“«ÿ‚ 

°≈ÿà¡∫√‘À“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ à«π∫ÿ§§≈ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

18

𓬻ÿ¿°√  ÿπ∑√°‘® μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ («‘»«°√√¡°“√‡ß‘π/«‘®—¬·≈–°≈¬ÿ∑∏å) Õ“¬ÿ : 40 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‡Õ° (∫√‘À“√°“√‡ß‘π) ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : À≈—° Ÿμ√ Directors Accreditation Program ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ À≈—° Ÿμ√ºŸâ∫√‘À“√√–¥—∫ Ÿß  ∂“∫—π«‘∑¬“°“√μ≈“¥∑ÿπ (À≈—° Ÿμ√ «μ∑.) √ÿàπ∑’Ë 1 ®—¥‚¥¬μ≈“¥À≈—°∑√—æ¬å ·Ààߪ√–‡∑»‰∑¬é ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

(«‘»«°√√¡°“√‡ß‘π/«‘®—¬·≈–°≈¬ÿ∑∏å) ∫√‘…—∑À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡¡…“¬π 2546 - °—𬓬π 2547 : ºŸâÕ”π«¬°“√ΩÉ“¬«‘®—¬

·≈–°≈¬ÿ∑∏å ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °ÿ¡¿“æ—π∏å 2544 - ¡’π“§¡ 2546 : ºŸâÕ”π«¬°“√ΩÉ“¬«‘®—¬

·≈–æ—≤π“ »Ÿπ¬å´◊ÈÕ¢“¬μ√“ “√Àπ’ȉ∑¬

Mr Supakorn Soontornkit Position : Executive Vice President (Financial Engineering/Investment Research and Strategic) Age : 40 Education : Doctor of Business Administration (Finance), Thammasart University Training : Directors Accreditation Programé by Thai Institute of Directors Association Capital Market Academy Leadership Program by The Stock Exchange of Thailand Experience (The last 5 years) : October 2004 - Present : Executive Vice President

(Financial Engineering / Investment Research and Strategic) MFC Asset Management Public Company Limited April 2003 - September 2004 : Senior Vice President

(Strategist), Investment Research & Strategic Department MFC Asset Management Public Company Limited February 2001 - March 2003 : Vice President, Research &

Development Department, The Thai Bond Dealing Center

π“¬μ√‘≥≠å Õ‘π∑√‚Õ¿“  μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ (∫√‘À“√°Õß∑ÿπ) Õ“¬ÿ : 37 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π»‘≈ª»“ μ√å  “¢“‡»√…∞»“ μ√å Columbia University Graduate School of Arts and Science ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘®  “¢“«‘»«°√√¡°“√‡ß‘π MIT Sloan School of Management ª√–‡∑» À√—∞Õ‡¡√‘°“ °“√Õ∫√¡ : Unit Trust of India, New Mumbai, India : §«“¡√Ÿâ‡°’ˬ«°—∫μ≈“¥°“√‡ß‘π√–À«à“ߪ√–‡∑» (μ.§. 2544) »Ÿπ¬å°“√»÷°…“ß“π∏𓧓√°≈“ß ∏𓧓√°≈“ßÕ—ß°ƒ… : °“√¥”‡π‘ππ‚¬∫“¬°“√‡ß‘π (¡’.§. 2547) International Center for Financial Management & Engineering (FAME), Geneva, Switzerland : ‡»√…∞¡‘μ‘°“√‡ß‘π ( .§. 2548) ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : ¡‘∂ÿπ“¬π 2549 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) °√°Æ“§¡ 2547 - 情¿“§¡ 2549 : ‡®â“Àπâ“∑’Ë≈ß∑ÿπ

Õ“«ÿ‚  ∑’¡«‘‡§√“–Àå°“√≈ß∑ÿπ∑“߇∑§π‘§ ∏𓧓√·Ààߪ√–‡∑»‰∑¬ °√°Æ“§¡ 2545 - °√°Æ“§¡ 2547 : ‡®â“Àπâ“∑’Ë≈ß∑ÿπ/

‡®â“Àπâ“∑’Ë≈ß∑ÿπÕ“«ÿ‚   ”π—°ß“πμ—«·∑π ∏𓧓√·Ààߪ√–‡∑»‰∑¬ π§√≈Õπ¥Õ𠰗𬓬π 2542 - °√°Æ“§¡ 2545 : ‡®â“Àπâ“∑’Ë≈ß∑ÿπ

 à«π∫√‘À“√‡ß‘π ”√Õß ∏𓧓√·Ààߪ√–‡∑»‰∑¬ °—𬓬π 2539 - °—𬓬π 2542 : ºŸâ«‘‡§√“–Àå

 à«π∏ÿ√°‘®μ≈“¥°“√‡ß‘π ∏𓧓√·Ààߪ√–‡∑»‰∑¬ μÿ≈“§¡ 2535 - °√°Æ“§¡ 2536 : ºŸâ«‘‡§√“–Àå

 ”π—°«‘®—¬·≈–æ—≤π“μ≈“¥∑ÿπ  ”π—°ß“π§≥–°√√¡°“√ °”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å

Mr. Trin Indra-Opas Position : Executive Vice President (Fund Management) Age : 37 Education : MA (Economics), Columbia University, Graduate School of Arts and Science, NY, U.S.A. MBA (Financial Engineering), The MIT Sloan School of Management, U.S.A. Training : Unit Trust of India, New Mumbai, India : Understanding International Financial Markets (October 2001) Bank of England, Center for Central Bank Studies: Monetary Operations (March 2004) International Center for Financial Management & Engineering (FAME), Genev, Switzerland: Financial Econometrics (August 2005) Experience (The last 5 years) : ë June 2006 - Present : Executive Vice President (Fund Management) - FX policy in Foreign Investment Funds, MFC Asset Management Public Company Limited ë July 2004 - May 2006 : Senior Investment Officer, The Bank of Thailand ë July 2002 - July 2004 : Analysis and Financial Modeling, Representative branch of the Bank of Thailand, London ë September 1999 - July 2002 : Investment Officer, Reserve Management Division, The Bank of Thailand ë September 1996 - September 1999 : Investment Officer, Financial Markets Business Division, The Bank of Thailand ë October 1992 - July 1993 : Analyst, Capital market development, The Office of Securities and Exchange Commission

19

π“¬πææ√ ≈‘¡ª«ÿ≤‘«√“ππ∑å μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ Õ“¬ÿ : 47 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“μ√’ “¢“‡»√…∞»“ μ√å (‡»√…∞¡‘μ‘) ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å °“√Õ∫√¡ : ·π«∑“ߪؑ∫—μ‘¢Õß√–∫∫ß“π „π°“√ª√–°Õ∫∏ÿ√°‘®®—¥°“√≈ß∑ÿπ °≈¬ÿ∑∏å°“√∫√‘À“√∑√—欓°√∫ÿ§§≈ °“√∫√‘À“√§«“¡‡ ’ˬߢÕßÕߧå°√ °“√∫√‘À“√§«“¡‡ ’ˬߥâ“π°“√ªØ‘∫—μ‘ß“π °“√æ—≤π“»—°¬¿“æ√–¥—∫∫√‘À“√ °“√‡ √‘¡ √â“ß∫ÿ§≈‘°¿“溟â∫√‘À“√ Wealth Management ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2547 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∏—𫓧¡ 2546 - °—𬓬π 2547 : ºŸâÕ”π«¬°“√

 ”π—°æ—≤π“√–∫∫ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡¡…“¬π 2543 - 惻®‘°“¬π 2546 : ºŸâÕ”π«¬°“√

»Ÿπ¬å∫√‘°“√≈Ÿ°§â“ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

Mr. Nopporn Limpavuttivaranon Position : Executive Vice President Age : 47 Education : Bachelor Degree of Art in Economics (Econometrics), Thammasat University Training : Practice guideline of asset management business system Human Resource Management Strategy Corporate Risk Management Operational Risk Management Efficiency Development for Executive Program Personality Development for Executive Program Wealth Management Experience (The last 5 years) : October 2004 - Present : Executive Vice President

MFC Asset Management Public Company Limited December 2003 - September 2004 : Senior Vice

President, System Development Office MFC Asset Management Public Company Limited April 2000 - November 2003 : Senior Vice President,

Client Service Center MFC Asset Management Public Company Limited

𓬙“≠ æ«ß ÿ¥√—° μ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√ Õ“¬ÿ : 52 ªï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : ª√‘≠≠“‚∑¥â“π∫√‘À“√∏ÿ√°‘® ®ÿÓ≈ß°√≥å¡À“«‘∑¬“≈—¬ °“√Õ∫√¡ : - ª√– ∫°“√≥å°“√∑”ß“π 5 ªï¬âÕπÀ≈—ß : μÿ≈“§¡ 2545 - ªí®®ÿ∫—π : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ¡’π“§¡ 2544 - μÿ≈“§¡ 2545 : ºŸâÕ”π«¬°“√»Ÿπ¬å

§Õ¡æ‘«‡μÕ√å ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

Mr. Charn Puangsudrak Position : Executive Vice President Age : 52 Education : MBA, Chulalongkorn University Training : - Experience (The last 5 years) : October 2002 - Present : Executive Vice President,

Data Center, MFC Asset Management Public Company Limited March 2001 - October 2002 : Senior Vice President,

Computer Center, MFC Asset Management Public Company Limited

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Organization Chart

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∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ª√–°Õ∫∏ÿ√°‘®À≈—°ª√–‡¿∑®—¥°“√°Õß∑ÿπ ‚¥¬‰¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„Àâª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°‘®°“√®—¥°“√≈ß∑ÿπé ‡¡◊ËÕ«—π∑’Ë 29 ∏—𫓧¡ 2518 ∫√‘…—∑‰¥â√—∫Õπÿ≠“μ„À⥔‡π‘π∏ÿ√°‘®√«¡ 4 ª√–‡¿∑ §◊Õ 1. ª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°‘®°“√®—¥°“√≈ß∑ÿπé 2. ‡ªìπºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ 3. ‡ªìππ“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å 4. ª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈é ≥ «—π∑’Ë 29 ∏—𫓧¡ 2549 ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π∑’Ë™”√–·≈â«®”π«π 120 ≈â“π∫“∑ ª√–°Õ∫¥â«¬Àÿâπ “¡—≠ 120,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ∑’Ëμ√“‰«âÀÿâπ≈– 1 ∫“∑ °Õß∑ÿπ∑’Ë∫√‘…—∑®—¥°“√¡’∑—Èß ‘Èπ 132 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 197,532 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ °Õß∑ÿπ√«¡ ®”π«π 79 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 128,491 ≈â“π∫“∑ ·¬°‡ªìπ - °Õß∑ÿπ√«¡„πª√–‡∑» 52 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 9,654 ≈â“π∫“∑ - °Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» 6 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 6,833 ≈â“π∫“∑ - °Õß∑ÿπ√«¡μà“ߪ√–‡∑» 4 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 6,961 ≈â“π∫“∑ - °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å 14 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 23,917 ≈â“π∫“∑ - °Õß∑ÿπ√«¡æ‘‡»… 2 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 11,165 ≈â“π∫“∑ - °Õß∑ÿπ√«¡«“¬ÿ¿—°…å Àπ÷Ëß 1 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 69,961 ≈â“π∫“∑ °Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ®”π«π 40 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 51,499 ≈â“π∫“∑ 𓬮â“ß ®”π«π 469 √“¬ ·≈– ¡“™‘°°Õß∑ÿπ®”π«π 133,698 √“¬ °Õß∑ÿπ à«π∫ÿ§§≈ ®”π«π 13 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 17,541 ≈â“π∫“∑

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Summary Information

MFC Asset Management Public Company Limited operates a fund management business. The Company was granted a securities license to manage investment funds by the Ministry of Finance on 29 December 1975. MFC is licensed to operate 4 businesses consisting of : 1. Investment management 2. Provident fund manager 3. Securities registrar 4. Private fund management As at 29 December 2006, the Companyûs registered and paid-up capital was Baht 120 million, consisting of 120,000,000 ordinary shares at a par value of Baht 1 per share. The Company managed 132 funds with total net asset value of Baht 197,532 million, consisting of : 79 mutual funds with net asset value of Baht 128,491 million, consisting of : - 52 local funds with net asset value of Baht 9,654 million - 6 Foreign Investment Funds with net asset value of Baht 6,833 million - 4 country funds with net asset value of Baht 6,961 million - 14 property funds with net asset value of Baht 23,917 million - 2 Special Funds with net asset value of Baht 11,165 million - Vayupak Fund 1 with net asset value of Baht 69,961 million 40 provident funds with net asset value of Baht 51,499 million for 469 employers and 133,698 fund members. 13 private funds with net asset value of Baht 17,541 million.

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Risk Factors

As an investment management company, the Company derives its core revenues from fund management. Hence, the main risk factors which will impact on its operations relate to the market and business risks. The Company recognizes that risk management plays a crucial role in the maximization of benefits to its shareholders, unitholders and other stakeholders. The Company has instituted a risk management system to identify and assess risk factors at the corporate and the portfolio level. Risk management policies were adopted to manage all aspects of risk to contain them at acceptable levels. The Company also put in place a system for regular monitoring and reporting results of the risk management process. At the same time, emphasis is placed on communication with employees to ensure understanding of the risks involved and compliance with risk management guidelines and to cultivate a risk control culture within the organization. Looking ahead the over year 2007, two principal risk factors of concern are: Financial Risk As core revenues are fees calculated from the net asset value of funds under management, market risk, interest rate risk, foreign exchange risk related to changes in the economic situation and financial markets, operating results of securities issuers, and yields to maturity, may cause fundsû net asset value to decrease and to adversely affect the Companyûs operating results. The Company uses innovative financial management tools to mitigate portfolio risks and diversify risks by investments in equities, debt instruments, domestic and foreign derivatives. Among the tools used is the application of VaR to measure risk levels, the results of which are used in market risk management. There is also a system to assess credit risk together with pricing risk, and an alert system to warn when the fundûs investment risk has exceeded a predetermined threshold in accordance with the fundûs investment policy so that the Company is constantly aware and can contain portfolio risks at appropriate levels. In addition, to ensure the most efficient portfolio management procedure, the company has created and implemented the investment contingency plan to support the risks that are caused by the unexpected event. Corporate Risk With an increasing numbers of players entering the investment management business under the governmentûs financial liberalization policy, the Company faces intensifying competition. Moreover, a number of closed end funds will mature in 2007 and there may be gradual redemption of some open-end funds according to the fundsû regulation as well as the political situation that could affect the fund. To counter these potential risks, the Company plans to expand its business to compensate for revenue and client losses by setting up new funds, tapping new customer bases in the local and the overseas markets, opening new and efficient investment channels via the (one-stop) customer service center where it can advise the investment information to the customer, e-trade service for the most efficient trading procedure, tele-marketing and freelance investment planners in order to facilitate transactions of the existing clients and to entice new clients. Moreover, the Company has designed new investment strategies to enhance returns of funds under management at acceptable risk levels in order to increase client satisfaction and to attract new clients.

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≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®

ª√–«—쑧«“¡‡ªìπ¡“·≈–°“√‡ª≈’ˬπ·ª≈ß·≈–æ—≤π“°“√∑’Ë ”§—≠ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑®—¥°“√°Õß∑ÿπ·Ààß·√°¢Õߪ√–‡∑»®¥∑–‡∫’¬πª√–°Õ∫∏ÿ√°‘®‡¡◊ËÕ«—π∑’Ë 14 ¡’π“§¡ 2518 ¿“¬„μâ™◊ËÕ‡¡◊ËÕ®¥∑–‡∫’¬π·√°‡√‘Ë¡«à“ ç∫√‘…—∑ °Õß∑ÿπ√«¡ ®”°—¥é ‚¥¬¡’«—μ∂ÿª√– ß§å „π°“√®—¥μ—Èß„À⇪ìπ ∂“∫—π°“√‡ß‘π∑’Ë¡’ à«π√à«¡„π°“√√–¥¡‡ß‘πÕÕ¡®“°ª√–™“™π∑—Ë«‰ª‡æ◊ËÕæ—≤π“μ≈“¥∑ÿπ¢Õߪ√–‡∑» ∑—Èßπ’È ‡ªìπ°“√√à«¡¡◊Õ√–À«à“ß√—∞∫“≈‰∑¬·≈–∫√√…—∑°“√‡ß‘π√–À«à“ߪ√–‡∑» (International Finance Corporation À√◊Õ IFC) ·≈– ‰¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„Àâª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°‘®°“√®—¥°“√≈ß∑ÿπé ‡¡◊ËÕ«—π∑’Ë 29 ∏—𫓧¡ 2518 ºŸâ∂◊ÕÀÿâπ„À≠à¢Õß∫√‘…—∑„πªí®®ÿ∫—πª√–°Õ∫¥â«¬ ∏𓧓√ÕÕ¡ ‘π °√–∑√«ß°“√§≈—ß ·≈–∏𓧓√∑À“√‰∑¬ ®”°—¥ (¡À“™π) „πªï 2536 ∫√‘…—∑‰¥â¥”‡π‘π°“√¢Õ®¥∑–‡∫’¬π‡ªìπ∫√‘…—∑®¥∑–‡∫’¬π¢Õßμ≈“¥À≈—°∑√—æ¬å·≈–‰¥â√—∫§«“¡‡ÀÁπ™Õ∫°“√®¥∑–‡∫’¬π ¥—ß°≈à“«‡¡◊ËÕ«—π∑’Ë 12 惻®‘°“¬π 2536 ·≈–„πªï 2544 ∫√‘…—∑‰¥â¥”‡π‘π°“√‡ª≈’ˬπ™◊ËÕ∫√‘…—∑°—∫°√–∑√«ßæ“≥‘™¬å ‚¥¬‡ª≈’ˬπ™◊ËÕ∫√‘…—∑®“°‡¥‘¡ ç∫√‘…—∑À≈—°∑√—æ¬å °Õß∑ÿπ√«¡ ®”°—¥ (¡À“™π)é ‡ªìπ™◊ËÕ„À¡à ç∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)é ‡¡◊ËÕ«—π∑’Ë 9 ¡’π“§¡ 2544 ∑—Èßπ’È ‡æ◊ËÕ„Àâ™◊ËÕ¢Õß∫√‘…—∑ –∑âÕπ∂÷ß≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®®—¥°“√°Õß∑ÿπ∑’Ë™—¥‡®π ¡’§«“¡‚¥¥‡¥àπ ·≈–‡ªìπ∑’Ë®¥®”‰¥âßà“¬ ”À√—∫≈Ÿ°§â“·≈–π—°≈ß∑ÿπ∑—Ë«‰ª „π¢≥–‡¥’¬«°—π∫√‘…—∑‰¥âª√—∫‡ª≈’ˬπ —≠≈—°…≥å (Logo) ¢Õß∫√‘…—∑„À¡à„π‚Õ°“ π’ȥ⫬ ∏ÿ√°‘®®—¥°“√°Õß∑ÿπ∑’Ë∫√‘…—∑‰¥â√—∫Õπÿ≠“μ„À⥔‡π‘π°“√¡’ 3 ª√–‡¿∑ ‚¥¬¡’√“¬≈–‡Õ’¬¥¥—ßπ’È 1. °Õß∑ÿπ√«¡ ‰¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß „Àâª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°‘®°“√®—¥°“√≈ß∑ÿπé μ“¡„∫Õπÿ≠“μ‡≈¢∑’Ë 103/2518 ‡¡◊ËÕ«—π∑’Ë 29 ∏—𫓧¡ 2518 ‚¥¬®—¥μ—Èß°Õß∑ÿπ ‘π¿‘≠‚≠´÷Ë߇ªìπ°Õß∑ÿπ√«¡¿“¬„πª√–‡∑»°Õß∑ÿπ·√°„πªï 2520 ¥â«¬¡Ÿ≈§à“·√°‡√‘Ë¡ 100 ≈â“π∫“∑  ”À√—∫°Õß∑ÿπ√«¡μà“ߪ√–‡∑»°Õß∑ÿπ·√°‰¥â®—¥μ—Èß„πªï 2529 §◊Õ °Õß∑ÿπ‡ªî¥‰∑¬·≈π¥åøíπ¥å ¡’¡Ÿ≈§à“·√°‡√‘Ë¡ 30 ≈â“π‡À√’¬≠ À√—∞ 2. °Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ‰¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æμ“¡°Æ°√–∑√«ß°“√§≈—ß ©∫—∫∑’Ë 162 (æ.». 2526) „πªï 2527 3. °Õß∑ÿπ à«π∫ÿ§§≈ ‰¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„Àâª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬åª√–‡¿∑ ç°“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈é „πªï 2540 πÕ°®“°π’È ∫√‘…—∑‰¥â√—∫Õπÿ≠“μ„Àâ∑”Àπâ“∑’ˇªìππ“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å®“°°√–∑√«ß°“√§≈—ß„πªï 2525 ·≈–®“° ”π—°ß“π §≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å „πªï 2536 °“√‡ª≈’ˬπ·ª≈ß·≈–æ—≤π“°“√∑’Ë ”§—≠‡°’ˬ«°—∫°“√ª√–°Õ∫∏ÿ√°‘®·≈–°“√∫√‘À“√ß“π : ªï 2544 ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡æ◊ËÕ°“√√à«¡≈ß∑ÿπ (Thailand Equity Fund) ¢÷Èπμ“¡π‚¬∫“¬¢Õß√—∞∫“≈ ‚¥¬¡’ºŸâ∂◊Õ Àπ૬≈ß∑ÿπ‡ªìπ ∂“∫—π‚¥¬ ∂“∫—πÀ≈—° ‰¥â·°à °Õß∑ÿπ∫”‡ÀπÁ®∫”π“≠·Ààß√—∞·§≈‘øÕ√å‡π’¬ (CalPERS), Lombard Inc., ∏𓧓√‡æ◊ËÕ°“√æ—≤π“‡Õ‡™’¬ (ADB), ∫√√…—∑°“√‡ß‘π√–À«à“ߪ√–‡∑» (IFC) πÕ°®“°π’Ȭ—ß¡’ ∂“∫—π°“√‡ß‘π‰∑¬Õ’° 13 ·Ààߥ⫬

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MFCûS Business

Company History and Significant Developments MFC Asset Management Public Company Limited is Thailandûs first asset management company. It was founded by the Thai Government and the International Finance Corporation (IFC) on 14 March 1975 under the name of The Mutual Fund Co., Ltd. with the objective of mobilizing savings from the public for development of the Thai capital market. A securities license to manage investment funds was granted by the Ministry of Finance on 29 December 1975. Current major shareholders of the Company are Government Savings Bank, Ministry of Finance and Thai Military Bank Public Company Limited. In 1987, the Company filed with the Stock Exchange of Thailand to register as the listed company and obtained the approval on 12 November 1987. In 2001 the Company changed its name from Mutual Fund Public Company Limited to be MFC Asset Management Public Company Limited and registered the new name with the Ministry of Commerce on 9 March 2001. The purpose of changing new Company name was to reflect its business image and be recognized by the customers and investors. Meanwhile the Company took this opportunity to change its logo. MFC is licensed to manage 3 types of funds. 1. Mutual Funds : MFC received a fund management license from the Ministry of Finance on 29 December 1975 (License No. 103/2518). The first domestic fund named çSinpinyo Fundû was launched in 1977 with an initial size of Baht 100 million. As for country funds, The Thailand Fund was the first open-end fund set up in 1986 with an initial size of USD 30 million. 2. Provident Funds : MFC received a license from the Ministry of Finance to manage provident funds under the Ministry of Finance Regulation No. 162 (B.E. 2526) in 1984. 3. Private Funds : MFC received a private fund management license from the Ministry of Finance in 1997. Besides fund management, MFC was authorized to undertake securities registration business by the Ministry of Finance in 1982 and by the SEC in 1993. Significant Developments : 2001 The Companyûs name was changed from The Mutual Fund Public Company Limited to MFC Asset Management Public Company Limited on 9 March 2001. The new name clearly reflects MFCûs investment management business and is unique and easy to remember. The Company also changed its logo at the same time. In the area of fund management, MFC established Thailand Equity Fund in accordance with the Government policy. Unitholders of the Fund are institutional investors namely CalPERS, Lombard Inc., Asian Development Bank, International Finance Corporation and 13 other Thai financial institutions.

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ªï 2545 „π¥â“π°“√∫√‘À“√°Õß∑ÿπ ∫√‘…—∑‡ªìπ 1 „π 5 ∫√‘…—∑®—¥°“√°Õß∑ÿπ∑’ˉ¥â√—∫Õπÿ≠“μ®“° ”π—°ß“π §≥–°√√¡°“√ °.≈.μ. „Àâ®—¥μ—Èß°Õß∑ÿπ∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» (Foreign Investment Fund) ‚¥¬∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥ ‡ÕÁ¡‡Õø´’ ‚°≈∫Õ≈ Õ‘§«‘μ’È øíπ¥å (MFC Global Equity Fund) ‡ πÕ¢“¬·°àπ—°≈ß∑ÿπ‰∑¬ ‚¥¬‰¥â√—∫§«“¡√à«¡¡◊Õ®“° Wellington Management Inc. ÷Ë߇ªìπ∫√‘…—∑®—¥°“√™—Èππ”¢Õß‚≈°∑“ߥâ“πμ√“ “√∑ÿπ ÷Ë߉¥â√—∫°“√μÕ∫√—∫®“°π—°≈ß∑ÿπ‡ªìπÕ¬à“ߥ’¬‘Ëß „π¥â“π°“√∫√‘À“√ß“π ∫√‘…—∑‰¥â√—∫À≈—°°“√¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ®”π«π 15 ¢âÕ¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ ‚¥¬‰¥â¡’°“√¥”‡π‘π°“√·≈–®—¥°“√„À⇪ìπ‰ªμ“¡À≈—°°“√¥—ß°≈à“«Õ¬à“߇§√àߧ√—¥ ªï 2546 ∫√‘…—∑‰¥â√—∫§«“¡‰«â«“ß„®®“°§≥–°√√¡°“√°Õß∑ÿπ√«¡«“¬ÿ¿—°…å „Àâ∫√‘À“√°Õß∑ÿπ√«¡«“¬ÿ¿—°…å Àπ÷Ëß ´÷Ëß¡’¡Ÿ≈§à“‡√‘Ë¡μâπ 100,000 ≈â“π∫“∑ √à«¡°—∫∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ·ÀàßÀπ÷Ëß‚¥¬∫√‘…—∑‡ªìπºŸâ®—¥°“√°Õß∑ÿπ„π®”π«π¡Ÿ≈§à“‡√‘Ë¡μâπ 50,000 ≈â“π∫“∑ ‚¥¬°Õß∑ÿπ√«¡«“¬ÿ¿—°…åÀπ÷Ëßπ’ȇªìπ°Õß∑ÿπ√«¡∑’Ë¡’¢π“¥„À≠à∑’Ë ÿ¥„πª√–‡∑» ªï 2547 ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ ‚°≈∫Õ≈ ÕÕææÕ√å∑Ÿπ‘μ’È ∫Õπ¥å (MFC Global Opportunity Bond Fund) ´÷Ë߇ªìπ°Õß∑ÿπ∑’Ë≈ß∑ÿπ„πμ√“ “√Àπ’Èμà“ߪ√–‡∑»‡ πÕ¢“¬„Àâ·°àπ—°≈ß∑ÿπ∑—Ë«‰ª ‚¥¬√à«¡∑”ß“π°—∫∑’¡∑’˪√÷°…“°“√≈ß∑ÿπμà“ߪ√–‡∑» ´÷Ëßªí®®ÿ∫—π §◊Õ Western Asset Management Pte Ltd. ´÷Ë߇ªìπ∫√‘…—∑®—¥°“√™—Èππ”¢Õß‚≈°¥â“πμ√“ “√Àπ’È πÕ°®“°π’È ∫√‘…—∑¬—߉¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ Õ‘ ≈“¡‘° øíπ¥å (MFC Islamic Fund) ´÷Ë߇ªìπ°Õß∑ÿπ√«¡°Õß·√°„πª√–‡∑»‰∑¬∑’Ë≈ß∑ÿπÕ¬à“ß∂Ÿ°μâÕßμ“¡À≈—°»“ π“Õ‘ ≈“¡ ·≈–‰¥â√—∫§«“¡‰«â«“ß„®√à«¡≈ß∑ÿπ‚¥¬ ∂“∫—π°“√‡ß‘𠔧—≠ ‰¥â·°à ∏𓧓√ÕÕ¡ ‘π °Õß∑ÿπª√–°—π —ߧ¡ μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ ∏𓧓√Õ‘ ≈“¡·Ààߪ√–‡∑»‰∑¬ ·≈–∏𓧓√∑À“√‰∑¬ ®”°—¥ (¡À“™π) ªï 2548 ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡æ◊ËÕæ—≤π“·≈–øóôπøŸ°‘®°“√∑’ˉ¥â√—∫º≈°√–∑∫®“° ÷π“¡‘ (Tsunami Recovery Fund) μ“¡π‚¬∫“¬¢Õß√—∞∫“≈·≈–‡æ◊Ëՙ૬‡À≈◊Õ —ߧ¡ ‚¥¬°Õß∑ÿπ„À⧫“¡™à«¬‡À≈◊Õ°‘®°“√„π 6 ®—ßÀ«—¥¿“§„μâ∑’ˉ¥â√—∫º≈°√–∑∫®“°∏√≥’æ‘∫—μ‘ ÷π“¡‘„Àâ “¡“√∂øóôπøŸ°‘®°“√·≈–¥”‡π‘π∏ÿ√°‘®μàÕ‰ª‰¥â ‚¥¬∫√‘…—∑‰¥â√—∫§«“¡‰«â«“ß„®√à«¡≈ß∑ÿπ®“°∏𓧓√æ“≥‘™¬å‰∑¬ ∏𓧓√ÕÕ¡ ‘π ·≈–μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ ∑—Èßπ’È ∫√‘…—∑¡‘‰¥â§‘¥§à“∏√√¡‡π’¬¡°“√®—¥°“√°Õß∑ÿπ·μàª√–°“√„¥ πÕ°®“°π’È ∫√‘…—∑¬—߉¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ ‚°≈∫Õ≈ Õ—≈øÉ“ øíπ¥å (MFC Global Alpha Fund) ´÷Ë߇ªìπ°Õß∑ÿπ∑’Ë≈ß∑ÿπ „πÀπ૬≈ß∑ÿπμ√“ “√∑ÿπ„πμà“ߪ√–‡∑»‡ πÕ¢“¬„Àâ·°àπ—°≈ß∑ÿπ∑—Ë«‰ª ‚¥¬¡’ Smith Barney, Citigroup ´÷Ë߇ªìπ ∂“∫—π°“√‡ß‘π¥â“π∏ÿ√°‘®∑’˪√÷°…“°“√≈ß∑ÿπ™—Èππ”¢Õß‚≈°‡ªìπ∑’˪√÷°…“°Õß∑ÿπ ·≈–∫√‘…—∑‰¥â√—∫§«“¡‰«â«“ß„®®“° ”π—°ß“πª√–°—π —ߧ¡„Àâ∫√‘À“√®—¥°“√°Õß∑ÿπ‡ªî¥‚°≈∫Õ≈æ√’‡¡’¬¡ øíπ¥å (Global Premium Fund) ´÷Ë߇ªìπ°Õß∑ÿπº ¡∑’ˇπâπ≈ß∑ÿπ„πμ√“ “√Àπ’È„π μà“ߪ√–‡∑» „π à«π¢Õß°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ 𑙥“∏“π’ (MFC Nichada Thani Property Fund) ´÷Ë߇ªìπ°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å (°Õß 1) °Õß·√°¢Õß∫√‘…—∑ ´÷Ë߉¥â√—∫§«“¡ π„®®“°π—°≈ß∑ÿπ‡ªìπ®”π«π¡“° ªï 2549 ∫√‘…—∑‰¥â®—¥μ—Èß°Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø ’ ‚°≈∫Õ≈  ¡“√å∑ øíπ¥å ·≈–°Õß∑ÿπ√«¡‡ÕÁ¡‡Õø ’ Õ‘π‡μÕ√å‡π™—Ëπ·π≈  ªÕ∑ ´÷Ë߇ªìπ°Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 775 ≈â“π∫“∑ °Õß∑ÿπ√«¡μ√“ “√·ÀàßÀπ’È 8 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 3,411 ≈â“π∫“∑ °Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ 1 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 106 ≈â“π∫“∑ √«¡∑—ÈßÀ¡¥ 11 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 4,292 ≈â“π∫“∑ ¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑ °“√®—¥°“√°Õß∑ÿπ√«¡ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑®—¥°“√°Õß∑ÿπ√«¡·Ààß·√°„πª√–‡∑»‰∑¬ ‚¥¬‰¥â√—∫Õπÿ¡—μ‘®“°°√–∑√«ß°“√§≈—ß„À⥔‡π‘π∏ÿ√°‘®®—¥°“√°Õß∑ÿπ„πªï 2518 μàÕ¡“„πªï 2535  ”π—°ß“π§≥–°√√¡°“√°”°—∫ À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ( ”π—°ß“π °.≈.μ.) ‰¥â„Àâ„∫Õπÿ≠“μ®—¥°“√°Õß∑ÿπ√«¡·°à∫√‘…—∑„À¡àÕ’° 7 √“¬ ∑”„Àâ¡’°“√ ·¢àߢ—π¢÷Èπ„π∏ÿ√°‘®π’È ·≈–‰¥âÕπÿ¡—μ‘„Àâ¡’°“√®—¥μ—Èß∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ‡æ‘Ë¡¢÷ÈπÕ’° 4 √“¬ „πªï 2539 ·≈– 2 √“¬„πªï 2540 ·≈– 3 √“¬„πªï 2547 ·≈–‡¡◊ËÕ„πªï 2548  ”π—°ß“π °.≈.μ. ‰¥âÕπÿ¡—μ‘∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ‡æ‘Ë¡¢÷Èπ Õ’° 1 √“¬ „πªí®®ÿ∫—π∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ∑’Ë∫√‘À“√°Õß∑ÿπ¡’®”π«π∑—Èß ‘Èπ 18 √“¬

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2002 MFC was one of the 5 asset management companies granted permission by the SEC to establish foreign investment funds. The Company set up çMFC Global Equity Fund,é (çMGEé), in association with Wellington Management Inc. as co-managers. MGE received favorable responses from investors. As a listed company, MFC adopted the SETûs 15 principles of corporate governance and has rigorously implemented and adhered to governance practices. 2003 MFC was entrusted by the Vayupak Fund Committee to co-manage Vayupak Fund 1 with another asset management company. The Fund has an initial net asset value of Baht 100,000 million, making it the biggest mutual fund in Thailand. The initial value of Vayupak Fund 1 under MFCûs management is Baht 50,000 million. 2004 MFC set up MFC Global Opportunity Bond Fund, as a foreign investment fund, to invest in public offering foreign bond. To manage this fund we works closely with the Western Asset Management Pte.,Ltd. which is worldclass debt instrument management company. MFC also set up MFC Islamic Fund, the first mutual fund in Thaland which invests according to Islamic principles. Investors in the Fund are Government Savings Bank, Social Security Fund, the Stock Exchange of Thailand, Islamic Bank of Thailand and Thai Military Bank Public Company Limited. In 2005, MFC established the çTsunami Recovery Fund (TSRF)é in accordance with the government policy to provide financial support to businesses in the southern 6 provinces that suffered from the Tsunami incident. The fund aims to assist companies to restore their businesses back to the state they were in prior to the damaged caused by the Tsunami. The fund is a joint venture of many commercial banks in Thailand, the Government Savings Bank, and the Stock Exchange of Thailand. MFC has waived the management fee for this fund. Moreover, the çMFC Global Alpha Fund (MGA)é was established. The fund invests in foreign equity funds and has Smith Barney, Citigroup, as the fundûs advisor. MFC is also honored to be chosen by the Social Security Office to set up and manage the çGlobal Premium Fund (MGP)é, which is created to manage the SSO investment by investing mainly in foreign bonds. Regarding the property fund, MFC created the çMFC Nichada Thani Property Fund (MNIT)é which is the companyûs first publicly offered fund and received wide interest from Thai investors. In 2006, MFC set up MFC Global Smart Fund and MFC International Spot Fund which were the foreign investment funds totaling net asset value of Baht 775 Million. In addition MFC also set up 11 funds with a combined net asset value of Baht 4,292 million at the years end. They consist of 8 fixed income funds with a combined net asset value of Baht 3,411 million, 1 flexible portfolio fund with a combined net asset value of Baht 106 million. Company Profile Mutual Funds MFC Asset Management Public Company Limited (MFC), Thailandûs first mutual fund management company, obtained an investment management license from the Ministry of Finance in 1975. In 1992, the business became more competitive as the SEC granted new fund management licenses to 7 asset management companies and approved 4 new asset management companies in 1996. Two more companies were granted licenses in 1997 and a further three in 2004. In 2005, the SEC also granted one more new fund management license. Currently, there are 18 asset management companies in operation.

30

ª√–‡¿∑ √“¬‰¥â

%

√“¬‰¥â®“° °“√®—¥°“√

°Õß∑ÿπ √“¬‰¥âÕ◊Ëπ

√“¬‰¥â®“° °“√≈ß∑ÿπ √“¬‰¥âÕ◊Ëπ

ªï 2549

% ªï 2548

% ªï 2547

% °“√∂◊ÕÀÿâπ¢Õß∫√‘…—∑

¥”‡π‘π°“√‚¥¬

(Àπ૬ : ≈â“π∫“∑)

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ

‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å

®”°—¥ ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å

®”°—¥

- 490.40 91.55 390.33 87.55 372.46 85.24 - 32.37 6.04 43.65 9.79 40.62 9.30 99.99 - - - - - - 99.99 12.88 2.41 11.87 2.66 23.87 5.46 535.65 100.00 535.65 100.00 436.95 100.00 √«¡∑—Èß ‘Èπ

‚§√ß √â“ß√“¬‰¥â

°“√∫√‘À“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ∫√‘…—∑‰¥â√—∫Õπÿ¡—μ‘®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ μ—Èß·μàªï 2527 ªí®®ÿ∫—π¡’π‘μ‘∫ÿ§§≈∑’ˉ¥â √—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ®”π«π 20 √“¬ ª√–°Õ∫¥â«¬ ∏𓧓√æ“≥‘™¬å 4 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ 13 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å 1 √“¬ ·≈–∫√‘…—∑ª√–°—π™’«‘μ 2 √“¬ πÕ°‡Àπ◊Õ®“°°“√∫√‘À“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ·≈â« ∫√‘…—∑¬—ß„À⧔ª√÷°…“‡√◊ËÕßμà“ßÊ ∑’ˇ°’ˬ«°—∫°“√®—¥μ—Èß°Õß∑ÿπ °“√√—∫‚Õπ°Õß∑ÿπ (‡ª≈’ˬπºŸâ®—¥°“√°Õß∑ÿπ) °“√®—¥∑”¢âÕ∫—ߧ—∫°Õß∑ÿπ °“√¥”‡π‘π°“√¬◊Ëπ®¥∑–‡∫’¬π°Õß∑ÿπμàÕπ“¬∑–‡∫’¬π ·≈–°“√®—¥∑”‡Õ° “√μà“ßÊ¢Õß°Õß∑ÿπμ“¡¢âÕμ°≈ß °“√∑”Àπâ“∑’˺Ÿâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ®–Õ¬Ÿà¿“¬„μâ¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬ °Æ√–‡∫’¬∫¢Õßπ“¬∑–‡∫’¬π ·≈– ¢âÕμ°≈ß√–À«à“ߧ≥–°√√¡°“√°Õß∑ÿπ·≈–∫√‘…—∑  “√– ”§—≠ª√–°Õ∫¥â«¬ °“√∫√‘À“√‡ß‘π°Õß∑ÿπ„À⇰‘¥ª√–‚¬™πå Ÿß ÿ¥¿“¬„μ⧫“¡‡ ’ˬß∑’Ë°Õß∑ÿπ√—∫‰¥â °“√°√–®“¬º≈ª√–‚¬™πå„Àâ ¡“™‘°°Õß∑ÿπ °“√®—¥∑”√“¬ß“π àß à«π√“™°“√ §≥–°√√¡°“√°Õß∑ÿπ ·≈– ¡“™‘°°Õß∑ÿπ √«¡∑—Èß°“√®à“¬§◊π‡ß‘π°Õß∑ÿπ°√≥’∑’Ë ¡“™‘°æâπ ¡“™‘°¿“æ °“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ ∫√‘…—∑‰¥â√—∫Õπÿ¡—μ‘®“°°√–∑√«ß°“√§≈—ß„À⥔‡π‘π∏ÿ√°‘®°“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ ‡¡◊ËÕ«—π∑’Ë 15 ¡’π“§¡ 2540 ¥â«¬ ®ÿ¥¡ÿàßÀ¡“¬∑’Ë®–¢¬“¬°“√„Àâ∫√‘°“√·°àπ—°≈ß∑ÿπ„π√Ÿª·∫∫μà“ßÊ °Õß∑ÿπ à«π∫ÿ§§≈‡ªìπ°Õß∑ÿπ∑’Ë “¡“√∂°”Àπ¥√Ÿª·∫∫°“√≈ß∑ÿπ„À⇪ìπ‰ªμ“¡§«“¡μâÕß°“√¢Õß≈Ÿ°§â“·μà≈–√“¬ ´÷Ë߉¥â·°à ∫ÿ§§≈∏√√¡¥“∑—Ë«‰ª π‘μ‘∫ÿ§§≈ √«¡∂÷ߧ≥–∫ÿ§§≈∑—Èß™“«‰∑¬·≈– μà“ߪ√–‡∑» ªí®®ÿ∫—π¡’π‘μ‘∫ÿ§§≈∑’ˉ¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈®”π«π 24 √“¬ ª√–°Õ∫¥â«¬ ∏𓧓√æ“≥‘™¬å 2 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å 3 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ 18 √“¬ ·≈–∫√‘…—∑ª√–°—π™’«‘μ 1 √“¬ °“√‡ªìππ“¬∑–‡∫’¬π ∫√‘…—∑∑”Àπâ“∑’ˇªìππ“¬∑–‡∫’¬π„Àâ·°à°Õß∑ÿπ√«¡∑—Èß„πª√–‡∑»·≈–μà“ߪ√–‡∑»∑’Ë∫√‘…—∑‡ªìπºŸâ®—¥°“√°Õß∑ÿπ ‚¥¬„πªí®®ÿ∫—π ∫√‘…—∑‡ªìππ“¬∑–‡∫’¬π°Õß∑ÿπ√«¡®”π«π 76 °Õß∑ÿπ ·≈–°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ®”π«π 41 °Õß∑ÿπ

31

Type of Income

%

Fund Management

Income Other

Income Investment

Income Other

Income

Year 2006

% Year 2005

% Year 2004

% Holding By MFC

Operated by

(Unit : Million Baht)

MFC Asset Management Public Company Limited

MFC Asset Management Public Company Limited

MF Holding Company Limited

MF Holding Company Limited

- 490.40 91.55 390.33 87.55 372.46 85.24 - 32.37 6.04 43.65 9.79 40.62 9.30 99.99 - - - - - - 99.99 12.88 2.41 11.87 2.66 23.87 5.46 535.65 100.00 535.65 100.00 436.95 100.00 Total Income

Income Structure

Provident Funds The Company has been managing provident funds for over 20 years since it received a license from the Ministry of Finance in 1984. Currently 20 companies are licensed by the Ministry of Finance to manage provident funds, comprising 4 commercial banks, 13 asset management companies, 2 securities company and 2 life insurance companies. In addition to provident fund management, the Company also provides advisory service on fund establishment, fund transfer (change of fund manager), setting fund regulations, fund registration service, and documentation. Provident fund management operates under the Provident fund Act, the Registrarûs regulations, and the agreement between the fund committee and the management company, Principal requirements are maximization of investment return on fund assets at acceptable investment risk levels, distribution of benefits to fund members, reporting to official agencies, fund committees, and fund members, and fund redemption in case of termination of membership. Private Funds The company received a private fund management license from the Ministry of Finance on 15 March 1997. Private funds allow investment management to be tailored to meet specific needs of individual clients, who may be individuals or juristic entities or a group of Thai or foreign individuals. Currently 24 companies are licensed by the Ministry of Finance to manage private funds, namely 2 commercial banks, 3 securities companies, 18 asset management companies and 1 life insurance companie. Securities Registrar The Company currently acts as registrar for 76 domestic and country mutual funds and 41 provident funds under management.

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≈—°…≥–º≈‘μ¿—≥±åÀ√◊Õ∫√‘°“√ °“√®—¥°“√°Õß∑ÿπ√«¡ ≥  ‘Èπªï 2549 ∫√‘…—∑¡’°Õß∑ÿπ√«¡¿“¬„μâ°“√®—¥°“√∑—Èß ‘Èπ 79 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡∑—Èß ‘Èπ 128,491 ≈â“π∫“∑ °Õß∑ÿπ√«¡®”π«π 79 °Õß∑ÿπª√–°Õ∫¥â«¬ °Õß∑ÿπ√«¡„πª√–‡∑» (Local Mutual Fund) 52 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 9,654 ≈â“π∫“∑ ·¬°‰¥â‡ªìπ °Õß∑ÿπ√«¡μ√“ “√·Ààß∑ÿπ (Equity Fund) 23 °Õß∑ÿπ °Õß∑ÿπ√«¡º ¡ (Balanced Fund) 1 °Õß∑ÿπ °Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ (Flexible Portfolio Fund) 8 °Õß∑ÿπ °Õß∑ÿπ√«¡μ√“ “√·ÀàßÀπ’È (Fixed Income Fund) 12 °Õß∑ÿπ °Õß∑ÿπ√«¡μ≈“¥‡ß‘π (Money Market Fund) 1 °Õß∑ÿπ °Õß∑ÿπ√«¡‡æ◊ËÕ°“√‡≈’Ȭߙ’æ (Retirement Mutual Fund) 5 °Õß∑ÿπ ·≈–°Õß∑ÿπ√«¡Àÿâπ√–¬–¬“« (Longterm Equity Fund) 2 °Õß∑ÿπ °Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» 6 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 6,833 ≈â“π∫“∑ °Õß∑ÿπ√«¡μà“ߪ√–‡∑» (Country Fund) ®”π«π 4 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 6,961≈â“π∫“∑ ‡ªìπ°Õß∑ÿπ√«¡ ª√–‡¿∑μ√“ “√·Ààß∑ÿπ (Equity Fund) 3 °Õß∑ÿπ ·≈–°Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ (Flexible Portfolio Fund) 1 °Õß∑ÿπ °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å (Property Fund) ®”π«π 14 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 23,917 ≈â“π∫“∑ ‰¥â·°à °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å (°Õß 1) 1 °Õß∑ÿπ °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å‡æ◊ËÕ·°â‰¢ªí≠À“„π√–∫∫ ∂“∫—π°“√‡ß‘π (°Õß 2) 6 °Õß∑ÿπ ·≈–°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å·≈– ‘∑∏‘‡√’¬°√âÕß (°Õß 4) 7 °Õß∑ÿπ °Õß∑ÿπ√«¡æ‘‡»… 2 °Õß∑ÿπ ‰¥â·°à °Õß∑ÿπ‡æ◊ËÕ°“√√à«¡≈ß∑ÿπ ·≈–°Õß∑ÿπ‡ªî¥‡æ◊ËÕæ—≤π“·≈–øóôπøŸ°‘®°“√ ∑’ˉ¥â√—∫º≈°√–∑∫®“° ÷π“¡‘ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 11,165 ≈â“π∫“∑ °Õß∑ÿπ√«¡«“¬ÿ¿—°…å Àπ÷Ëß ®”π«π 1 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 69,961 ≈â“π∫“∑  à«π·∫àßμ≈“¥°Õß∑ÿπ√«¡∑ÿ°ª√–‡¿∑¢Õß∫√‘…—∑‡∑à“°—∫√âÕ¬≈– 11.69 ¢Õß¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘∑—Èß√–∫∫®”π«π 1,690,037 ≈â“π∫“∑ ‡ªìπÕ—π¥—∫ 3 ®“°®”π«π∫√‘…—∑®—¥°“√ 18 √“¬ °Õß∑ÿπ√«¡∑’Ë®—¥μ—Èߢ÷Èπ„À¡à„πªï 2549 ¡’∑—Èß ‘Èπ 11 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 4,292 ≈â“π∫“∑ ≥  ‘Èπªï 2549 ª√–°Õ∫¥â«¬ °Õß∑ÿπ√«¡μ√“ “√·ÀàßÀπ’È 8 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 3,411 ≈â“π∫“∑ °Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ 1 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 106 ≈â“π∫“∑ °Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» 2 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 775 ≈â“π∫“∑ πÕ°®“°π’È ≥  ‘Èπªï 2549 ∫√‘…—∑‰¥â‡æ‘Ë¡∑ÿπ„π°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å (°Õß 1) §◊Õ °Õß∑ÿπ‡ªî¥‡ÕÁ¡‡Õø´’ 𑙥“∏“π’ (MNIT) ®”π«π 670 ≈â“π∫“∑ °“√®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ≥  ‘Èπªï 2549 ∫√‘…—∑¡’®”π«π°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ¿“¬„μâ°“√®—¥°“√∑—Èß ‘Èπ 40 °Õß∑ÿπ 𓬮â“ß®”π«π 469 √“¬ ·≈– ¡“™‘°°Õß∑ÿπ®”π«π 133,698 √“¬ √«¡¡Ÿ≈§à“°Õß∑ÿπ‡∑à“°—∫ 51,499 ≈â“π∫“∑§‘¥‡ªìπ à«π·∫àßμ≈“¥‡∑à“°—∫√âÕ¬≈– 13.32 ¢Õß¡Ÿ≈§à“°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ∑—Èß√–∫∫´÷Ë߇∑à“°—∫ 386,657 ≈â“π∫“∑ À√◊Õ‡ªìπÕ—π¥—∫∑’Ë 3 ®“°®”π«πºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ∑’ˉ¥â√—∫Õπÿ≠“μ∑—Èß ‘Èπ 20 √“¬ πÕ°‡Àπ◊Õ®“°°“√∫√‘À“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ„À≥â√—∫º≈ª√–‚¬™πå Ÿß ÿ¥·≈â« ∫√‘…—∑¬—߇πâπ„π‡√◊ËÕߧ«“¡¡—Ëπ§ß·≈–°“√„Àâ∫√‘°“√∑’Ë –¥«°√«¥‡√Á«·≈–ßà“¬μàÕ°“√ªØ‘∫—μ‘ ∑—Èß·°à𓬮â“ß·≈– ¡“™‘°¢Õß°Õß∑ÿπ Õ“∑‘ °“√„À⧔·π–π”·°à𓬮â“ß∑ÿ°√“¬∑’Ë π„®®–®—¥μ—Èß°Õß∑ÿπ π—∫μ—Èß·μà·√°‡√‘Ë¡®π∂÷ß°“√¬◊Ëπ¢Õ®¥∑–‡∫’¬π°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æμàÕπ“¬∑–‡∫’¬π°Õß∑ÿπ √«¡‰ª∂÷ß°“√ à߇ߑπ‡¢â“·≈–°“√®à“¬‡ß‘πÕÕ°®“°°Õß∑ÿπ‡¡◊ËÕ ¡“™‘°≈“ÕÕ°®“°ß“π πÕ°®“°π’È ¬—߉¥â‡æ‘Ë¡∫√‘°“√μ√«® Õ∫¢âÕ¡Ÿ≈∑“ß Õ‘π‡μÕ√å‡πÁ∑Õ’°¥â«¬

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Products and Services

Type of Business Mutual Fund Management At the end of 2006, MFC had 79 mutual funds under management with a total net asset value of Baht 128,491 million. 79 mutual funds consist of 52 local funds with a combined net asset value of Baht 9,654 million, comprising 23 equity funds, 1 balance fund, 8 flexible portfolio funds, 12 fixed income funds, 1 money market fund, 5 Retirement Mutual Funds and 2 Longterm Equity Funds. 6 Foreign Investment Funds with a combined net asset value 6,833 million. 4 country funds with a combined net asset value of Baht 6,961 million, comprising 3 equity funds and 1 flexible portfolio fund. 14 property funds with a combined net asset value Baht 23,917 million, 1 property fund (Type I), 6 property funds (Type II) and 7 property and loan funds (Type IV). 2 special funds namely Thailand Equity Fund and Tsunami Recovery Fund with a combined net asset value Baht 11,165 million. Vayupak Fund 1 with a net asset value of Baht 69,961 million. MFCûs market share is 11.69% of total industry net asset value of Baht 1,690,037 million. MFC is the third largest market share among 18 asset management companies. Eleven new funds were launched in 2006 with a combined net asset value of Baht 4,292 million at the years end. They consist of 8 Fixed Income Funds with a combined net asset value of Baht 3,411 million, 1 Flexible Portfolio Fund with a combined net asset value of Baht 106 million, 2 Foreign Investment Funds with a combined net asset value of Baht 775 million. At the end of 2006, MFC raised capital at the amount Baht 670 million in a property fund (Type I) which was MFC Nichada Thani (MNIT). Provident Fund Management At the end of 2006, MFC had 40 provident funds under management for 469 employers and 133,698 fund members with assets totaling Baht 51,499 million or the third largest market share among the 20 licensed provident fund managers. Its market share is 13.32% of the value of the provident fund in the whole business. In managing provident funds, MFC focuses on maximizing returns to members as well as stability, speed of service and convenience to employers and members. Each employer is provided advice starting from the first step in setting up a fund to fund registration, contribution and benefit payments, and online data via the internet.

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°“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ ≥  ‘Èπªï 2549 ∫√‘…—∑¡’°Õß∑ÿπ à«π∫ÿ§§≈ ¿“¬„μâ°“√®—¥°“√ 13 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 17,542 ≈â“π∫“∑  à«π·∫àßμ≈“¥‡∑à“°—∫√âÕ¬≈– 11.91 ¢Õß¡Ÿ≈§à“°Õß∑ÿπ à«π∫ÿ§§≈∑—Èß√–∫∫ ´÷Ë߇∑à“°—∫ 147,328 ≈â“π∫“∑ À√◊Õ‡ªìπÕ—π¥—∫∑’Ë 3 ®“°®”π«πºŸâ®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈∑’ˉ¥â√—∫Õπÿ≠“μ∑—Èß ‘Èπ 24 √“¬ °Õß∑ÿπ à«π∫ÿ§§≈∑’Ë®—¥μ—Èߢ÷Èπ„À¡à„πªï 2549 ¡’∑—Èß ‘Èπ 3 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡ 9,100 ≈â“π∫“∑ ≥  ‘Èπªï 2549 °“√μ≈“¥·≈–¿“«–°“√·¢àߢ—π °“√®—¥°“√°Õß∑ÿπ√«¡ : ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑®—¥°“√°Õß∑ÿπ√«¡ ·Ààß·√°„πª√–‡∑»‰∑¬ ‚¥¬‰¥â√—∫Õπÿ¡—μ‘®“°°√–∑√«ß°“√§≈—ß„À⥔‡π‘π∏ÿ√°‘®®—¥°“√°Õß∑ÿπ„πªï 2518 ≥  ‘Èπªï 2549 ¡’∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ∑—Èß ‘Èπ 18 √“¬ √«¡¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 1,690,037 ≈â“π∫“∑ ‚¥¬°Õß∑ÿπ√«¡¿“¬„μâ°“√®—¥°“√ ¢Õß∫√‘…—∑¡’¡Ÿ≈§à“ 197,531 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ√âÕ¬≈– 11.69 ¢Õß¡Ÿ≈§à“∑√—æ¬å ‘π¢Õß°Õß∑ÿπ√«¡∑—Èß√–∫∫ ‡ªìπÕ—π¥—∫ 3 „πÕÿμ “À°√√¡®—¥°“√°Õß∑ÿπ Õ—μ√“°“√‡μ‘∫‚μ¢Õß°Õß∑ÿπ√«¡¢Õß∫√‘…—∑„πªï 2549 ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 11.61 ‡ª√’¬∫‡∑’¬∫°—∫Õÿμ “À°√√¡ ‡μ‘∫‚μ„πÕ—μ√“√âÕ¬≈– 25.88 °“√®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ : π‘μ‘∫ÿ§§≈∑’ˉ¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ¡’∑—Èß ‘Èπ®”π«π 20 √“¬ ª√–°Õ∫¥â«¬ ∏𓧓√æ“≥‘™¬å 4 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ 13 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å 1 √“¬ ·≈–∫√‘…—∑ª√–°—π™’«‘μ 2 √“¬ ≥  ‘Èπªï 2549 °Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ∑—Èß√–∫∫¡’¡Ÿ≈§à“ 386,657 ≈â“π∫“∑ ‚¥¬°Õß∑ÿπ ¿“¬„μâ°“√®—¥°“√¢Õß∫√‘…—∑¡’¡Ÿ≈§à“ 51,499 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ√âÕ¬≈– 13.32 ¢Õß¡Ÿ≈§à“∑√—æ¬å ‘π¢Õß°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ∑—Èß√–∫∫ À√◊Õ‡ªìπÕ—π¥—∫∑’Ë 3 „π®”π«πºŸâ®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ 20 √“¬ °“√·¢àߢ—π„π∏ÿ√°‘®°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ¡’·π«‚π⡇æ‘Ë¡¡“°¢÷Èπ‡√◊ËÕ¬Ê Õ—μ√“°“√‡μ‘∫‚μ¢Õß°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ„πªï 2549 §‘¥‡ªìπ√âÕ¬≈– 25.24 ‡ª√’¬∫‡∑’¬∫°—∫Õÿμ “À°√√¡ ‡μ‘∫‚μ„πÕ—μ√“√âÕ¬≈– 11.78 °“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ : ªí®®ÿ∫—π¡’π‘μ‘∫ÿ§§≈∑’ˉ¥â√—∫Õπÿ≠“μ®“°°√–∑√«ß°“√§≈—ß„À⇪ìπºŸâ®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈®”π«π 24 √“¬ ª√–°Õ∫¥â«¬ ∏𓧓√æ“≥‘™¬å 2 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å 3 √“¬ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ 18 √“¬ ·≈–∫√‘…—∑ª√–°—π™’«‘μ 1 √“¬ ≥  ‘Èπªï 2549 °Õß∑ÿπ à«π∫ÿ§§≈∑—Èß√–∫∫¡’¡Ÿ≈§à“ 147,328 ≈â“π∫“∑ ‚¥¬°Õß∑ÿπ¿“¬„μâ°“√®—¥°“√¢Õß∫√‘…—∑¡’¡Ÿ≈§à“ª√–¡“≥ 17,541 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ√âÕ¬≈– 11.91 ¢Õß¡Ÿ≈§à“∑√—æ¬å ‘π¢Õß°Õß∑ÿπ à«π∫ÿ§§≈ À√◊Õ‡ªìπÕ—π¥—∫∑’Ë 3„π®”π«πºŸâ®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ 24 √“¬ Õ—μ√“°“√‡μ‘∫‚μ¢Õß°Õß∑ÿπ à«π∫ÿ§§≈„πªï 2549 §‘¥‡ªìπ√âÕ¬≈– 155.20 ‡ª√’¬∫‡∑’¬∫°—∫Õÿμ “À°√√¡‡μ‘∫‚μ„πÕ—μ√“ √âÕ¬≈– 30.59 ≈Ÿ°§â“‡ªÑ“À¡“¬ ∫√‘…—∑„À⧫“¡ ”§—≠μàÕºŸâ∂◊ÕÀπ૬≈ß∑ÿπ¢Õß°Õß∑ÿπ√«¡∑—Èß∑’ˇªìπ∫ÿ§§≈∏√√¡¥“·≈–≈Ÿ°§â“ ∂“∫—π  ”À√—∫∫ÿ§§≈∏√√¡¥“π—Èπ ∫√‘…—∑‡πâπ°≈ÿࡇªÑ“À¡“¬∑’ˇªìππ—°≈ß∑ÿπ∑’ËμâÕß°“√∑“߇≈◊Õ°„À¡à ∑’ËπÕ°‡Àπ◊Õ®“°°“√°“√ÕÕ¡  ”À√—∫≈Ÿ°§â“ ∂“∫—π ∫√‘…—∑‡πâπ∑—Èß°≈ÿà¡ ∂“∫—π¿“§√—∞·≈–‡Õ°™π ‚¥¬°≈ÿà¡¿“§√—∞‰¥â„À⧫“¡ ”§—≠∑—Èß¿“§√“™°“√·≈–√—∞«‘ “À°‘® ≈—°…≥–¢Õß≈Ÿ°§â“ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ∫√‘…—∑¡’ºŸâ∂◊ÕÀπ૬≈ß∑ÿπ¢Õß°Õß∑ÿπ√«¡∑’ËÕ¬Ÿà¿“¬„μâ°“√®—¥°“√√«¡∑—Èß ‘Èπ 69,290 √“¬ ‡ªìπ∫ÿ§§≈∏√√¡¥“ 68,195 √“¬À√◊Õ√âÕ¬≈– 98.42 ·≈–‡ªìππ‘μ‘∫ÿ§§≈ 1,095 √“¬À√◊Õ√âÕ¬≈– 1.58  ”À√—∫≈Ÿ°§â“°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ¿“¬„μâ°“√®—¥°“√ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ¡’®”π«π𓬮â“ß 469 √“¬  ¡“™‘° 133,698 √“¬ ®”π«π°Õß∑ÿπ 40 °Õß∑ÿπ ‚¥¬°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ¢Õß≈Ÿ°§â“√“¬„À≠à 5 Õ—π¥—∫·√°¡’¢π“¥√«¡°—π 32,564 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ√âÕ¬≈– 63.23 ¢Õß°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ∑’Ë∫√‘…—∑∫√‘À“√Õ¬Ÿà®”π«π 51,499 ≈â“π∫“∑  ”À√—∫≈Ÿ°§â“°Õß∑ÿπ à«π∫ÿ§§≈ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ≈Ÿ°§â“À≈—°‡ªìπ°≈ÿà¡ ∂“∫—π´÷Ëß¡’∑—Èß¿“§√“™°“√ ¿“§‡Õ°™π ·≈– À°√≥åÕÕ¡∑√—æ¬å

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Private Fund Management At the end of 2009, MFC had 13 private funds under management with net assets totaling Baht 17,542 million. MFC ranked third among the 24 licensed private fund managers. Its market share is 11.91% of the system and equal to Baht 147,327.78 million. Two private funds were set up in 2006 with Baht 9,100 million in net asset value at the yearend. Industry and Competitive Situation Mutual Fund Management : MFC Asset Management Public Company Limited (MFC). Thailandûs first mutual fund management company, received an investment management license from the Ministry of finance in 1975. At the end of 2006, there were 18 asset management companies with total assets of Baht 1,690,037 million. MFC had the third rank in market share or 11.69%. The Total net asset value of funds managed by MFC was Baht 197,531 million at the end of 2006. The progressive growth rate of the mutual fund of the Company in 2006 raised 11.61%. While the progressive growth rate of industry grew at the rate of 25.88%. Provident Fund Management : At the end of 2006, there were 20 licensed provident fund management companies comprising 4 commercial banks, 13 asset management companies, 1 Securities company and 2 life insurance companies with combined assets of Baht 386,657 million. MFC managed provident funds worth Baht 51,499 million. It ranked third among the 20 licensed provident fund managers, with a market share of 13.32%. Competition in provident fund business in increasing. The progressive growth rate of the provident fund of the Company in 2006 was at the rate of 25.24%. While the progressive growth rate of industry grew at the rate of 25.88%. Private Fund Management : There are currently 24 licensed private fund management comprising 2 commercial banks, 3 Securities companies, 18 asset management companies and 1 life insurance companie. At the end of 2006, the value of private fund under management in the system was Baht 147,328 million. MFC managed private funds worth Baht 17,542 million. It ranked third among the 24 private fund managers and had a market share of 4.82%. The progressive growth rate of the private fund of the Company in 2006 was at the rate of 155.20%. While the progressive growth rate of industry grew at the rate of 30.59%. Target Clients Target clients are both individual investors and institutional investors are those in the middle income class upward and those who are knowledgeable about or are capable of understanding the benefits of mutual fund investment. Target institutional clients are both private and public organizations, the latter including government agencies and state enterprises. Clientsû Profiles As at 31 December 2006, there were 69,290 unit holders of MFCûs mutual funds. Of these 68,195 or 98.42% were individual investors and 1,095 or 1.58% were juristic persons. The Company had 40 provident funds under management for 133,698 fund members and 469 employers as at 31 December 2006. The top 5 clients accounted for Baht 32,564 million or 63.23 percent of the total asset value at funds under its management worth Baht 51,499 million. As at 31 December 2006, major private fund clients were institution in the government sectors, private sectors and saving cooperatives.

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°“√®—¥À“º≈‘μ¿—≥±åÀ√◊Õ∫√‘°“√ ‡ß‘π≈ß∑ÿπ¢Õß∏ÿ√°‘®°Õß∑ÿπ√«¡¡“®“°°“√√–¥¡‡ß‘π®“°π—°≈ß∑ÿπ‚¥¬∑—Ë«‰ª  à«π∏ÿ√°‘®°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ‡ß‘π≈ß∑ÿπ‡ªìπ‡ß‘π ¡∑∫∑’Ë≈Ÿ°®â“ß·≈–𓬮â“ß à߇¢â“°Õß∑ÿπ „π°“√®—¥À“º≈‘μ¿—≥±åÀ√◊Õ∫√‘°“√π—Èπ ∫√‘…—∑®–‡πâπ„π°“√„Àâ∫√‘°“√∑’ˇÀ¡“– ¡°—∫≈Ÿ°§â“‡ªÑ“À¡“¬ ªí®®—¬ ”§—≠∑’Ë ÿ¥„π°“√∫√‘À“√°Õß∑ÿπ‰¥â·°à∫ÿ§≈“°√¥â“π°“√®—¥°“√°Õß∑ÿπ∑’Ë¡’§«“¡√Ÿâ §«“¡ “¡“√∂ ·≈–§«“¡‡™’ˬ«™“≠ μ≈Õ¥®π√–∫∫ªØ‘∫—μ‘°“√ °“√∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–‡∑§‚π‚≈¬’μà“ßÊ ∑’ˇ°’ˬ«¢âÕß°—∫°“√®—¥°“√°Õß∑ÿπ∑’Ë¡’ª√– ‘∑∏‘¿“æ ∑—Èßπ’È „π°“√®—¥°“√°Õß∑ÿπ ºŸâ®—¥°“√°Õß∑ÿπ∑ÿ°§π ‡ªìπºŸâ∑’Ë¡’§ÿ≥«ÿ≤‘·≈–ª√– ∫°“√≥åμ“¡¡“μ√∞“π∑’Ë°”À𥂥¬ ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ( ”π—°ß“π °.≈.μ.) ·≈–‰¥â√—∫§«“¡‡ÀÁπ™Õ∫®“° ”π—°ß“π °.≈.μ. „ÀâªØ‘∫—μ‘Àπâ“∑’˺Ÿâ®—¥°“√°Õß∑ÿπ

1. °Õß∑ÿπ√«¡„πª√–‡∑» 789 1,029,703 52 9,654 2. °Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» 34 29,702 6 6,833 3. °Õß∑ÿπ√«¡μà“ߪ√–‡∑» ·≈–Õ◊ËπÊ 28 25,187 4 6,961 4. °Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å 94 210,071 14 23,917 5. °Õß∑ÿπ√«¡æ‘‡»… - - 2 11,165 6. °Õß∑ÿπ√«¡«“¬ÿ¿—°…å Àπ÷Ëß 1* 139,879 1 69,961  à«π·∫àßμ≈“¥ 11.69% ∑’Ë¡“ :  ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ·≈– ∫≈®. ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) * ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ °√ÿ߉∑¬ ®”°—¥ (¡À“™π) √à«¡°—π∫√‘À“√

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®”π«π°Õß∑ÿπ (°Õß∑ÿπ) 524 40 ®”π«π ¡“™‘° (√“¬) 1,801,753 133,698 ®”π«π𓬮â“ß (√“¬) 7,892 469 ¢π“¥°Õß∑ÿπ (≈â“π∫“∑) 386,657 51,499  à«π·∫àßμ≈“¥ 13.32% ∑’Ë¡“ :  ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ·≈– ∫≈®. ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

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®”π«π°Õß∑ÿπ (°Õß∑ÿπ) 1,224 13 ¢π“¥°Õß∑ÿπ (≈â“π∫“∑) 147,328 17,541  à«π·∫àßμ≈“¥ 11.91% ∑’Ë¡“ :  ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ·≈– ∫≈®. ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π)

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Source of Funds Money invested in mutual funds are mobilized from the general public while provident funds comprise of contributions from employees and employers. Emphasis is placed on developing products and services to suit target customers requirements. The most crucial factors in fund management are skilled and knowledgeable staffs, effective risk management, operation & management systems and technologies. MFCûs fund management staffs have the qualifications and experience according to the SECûs requirements and are authorized by the SEC to act as investment fund managers.

1. Local Fund 789 1,029,703 52 9,654 2. Foreign Investment Fund 34 29,702 6 6,833 3. Country Fund 28 25,187 4 6,961 4. Property Fund 94 210,071 14 23,917 5. Special Fund - - 2 11,165 6. Vayupak Fund 1* 139,879 1 69,961 Market Share 11.69%

Number and Size of Mutual Funds (as at 29 December 2005)

Industry MFC Asset Management Public Company Limited

THB Million THB Million No. of Funds No. of Funds

Sources : AIMC and MFC Asset Management Public Company Limited * Co-management MFC Asset Management Public Company Limited and Krung Thai Asset Management Public Company Limited

Number and Size of Provident Funds (as at 31 December 2006)

Industry MFC Asset Management Public Company Limited

Number of Funds 524 40 Number of Members 1,801,753 133,698 Number of Employers 7,892 469 Size of Fund (Million Baht) 386,657 51,499 Market Share 13.32% Sources : AIMC and MFC Asset Management Public Company Limited

Number and Size of Private Funds (as at 31 December 2006)

Industry MFC Asset Management Public Company Limited

Number of Funds 1,224 13 Size of Fund (Million Baht) 147,328 17,541 Market Share 11.91% Sources : AIMC and MFC Asset Management Public Company Limited

38

°“√«‘®—¬·≈–°“√æ—≤π“

ΩÉ“¬«‘»«°√√¡°“√‡ß‘π¡’Àπâ“∑’ËÀ≈—°„π°“√«‘‡§√“–Àå«‘®—¬ ∂“π°“√≥å¥â“π°“√μ≈“¥·≈–§«“¡μâÕß°“√¢ÕߺŸâ≈ß∑ÿπ „πª√–‡∑»·≈–μà“ߪ√–‡∑» ∑—Èß∫ÿ§§≈∏√√¡¥“·≈–π‘μ‘∫ÿ§§≈ ·≈–ÕÕ°·∫∫°Õß∑ÿπ√Ÿª·∫∫„À¡à∑’ˇÀ¡“– ¡°—∫°“√≈ß∑ÿπ·≈–§«“¡μâÕß°“√¢ÕߺŸâ≈ß∑ÿπ„πªí®®ÿ∫—π ‚¥¬„™â‡∑§‚π‚≈¬’·≈–π«—μ°√√¡∑“ß°“√‡ß‘π ¡—¬„À¡à„π°“√®—¥∑” Model ·≈–μ√«® Õ∫ º≈°“√≈ß∑ÿπ ‡æ◊ËÕ„Àâ°“√®—¥μ—Èß°Õß∑ÿπ¡’§«“¡™—¥‡®π·≈–¡’‚Õ°“ ∑’Ë®– √â“ߺ≈μÕ∫·∑π∑’Ë¥’∑’Ë ÿ¥·°àºŸâ≈ß∑ÿπ πÕ°®“°π’È ΩÉ“¬«‘®—¬·≈–°≈¬ÿ∑∏剥âæ—≤𓇧√◊ËÕß¡◊Õ„π¥â“π°“√≈ß∑ÿπ√à«¡°—∫ΩÉ“¬∫√‘À“√°Õß∑ÿπ ‡æ◊ËÕ‡ªìπ¢âÕ¡Ÿ≈ ”§—≠ª√–°“√Àπ÷Ëß„π°“√∫√‘À“√®—¥°“√°Õß∑ÿπ √«¡∑—Èß°“√®—¥∑” Islamic Index ·≈–‡º¬·æ√à‡ªìπ¢âÕ¡Ÿ≈°“√≈ß∑ÿπ·°àºŸâ≈ß∑ÿπ™“«Õ‘ ≈“¡¥â«¬ ªí®®ÿ∫—π∫√‘…—∑‰¥âæ—≤π“ √Ÿª·∫∫¢Õß Model ·≈–¢âÕ¡Ÿ≈μà“ßÊ „π°“√≈ß∑ÿπ ‡æ◊ËÕ‡ªìπ‡§√◊ËÕß¡◊Õ ”§—≠„π°“√∫√‘À“√°Õß∑ÿπÀ≈“¬°Õß∑ÿπ„πªí®®ÿ∫—π ‚¥¬‡©æ“–Õ¬à“߬‘Ëß°Õß∑ÿπ∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» (FIF) „πªï 2549 ∑’˺à“π¡“ ∫√‘…—∑‰¥âæ—≤π“√Ÿª·∫∫°“√≈ß∑ÿπ„À¡àÀ≈“¬√Ÿª·∫∫ ·≈–æ—≤π“ Model μà“ßÊ ‡æ◊ËÕ°“√∫√‘À“√°Õß∑ÿπ√«¡ °Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ ·≈–°Õß∑ÿπ à«π∫ÿ§§≈ ‚¥¬¡‘‰¥â¡’§à“„™â®à“¬À≈—°„¥ Ê ‡æ‘Ë¡‡μ‘¡ ¬°‡«âπ§à“„™â®à“¬¥â“π∫ÿ§≈“°√

39

Research and Development

The core responsibilities of the Financial Engineering Department are to analyze market situation, demand from domestic and international investors, both individual and institutions, as well as structure new funds that suit investorsû investment needs. Equipped with technology and innovation, our customized financial models are implemented from running the simulation to monitoring fund performance. Moreover, the Research and Strategic Department and the Fund Management Department have collaborated in developing investment tools to enhance fund management, including the creation of the Islamic Index for Muslim investors. In addition, the Company has developed models and investment knowledge to enhance management of our funds, specifically, foreign investment funds (FIF). In 2006, The Company applied various investment styles and techniques, as well as developed financial models to support the management of mutual funds, provident funds and private funds without extra costs, except employee salaries.

40

∑√—æ¬å ‘π∑’Ë„™â„π°“√ª√–°Õ∫∏ÿ√°‘®

∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å „π√–À«à“ߪï 2549 ∫√‘…—∑œ ‰¥â¬â“¬∑’Ë∑”°“√®“°Õ“§“√‡≈§√—™¥“ÕÕøøî  ‰ª¬—ß∑’Ë∑”°“√„À¡à ´÷Ëßμ—ÈßÕ¬Ÿà∑’Ë™—Èπ G ·≈– ™—Èπ 21 › 23 Õ“§“√§Õ≈—¡πå∑“«‡«Õ√å ‡≈¢∑’Ë 199 ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡μ¬ ‡¢μ§≈Õß‡μ¬ °√ÿ߇∑æ¡À“π§√ 10110 ‚¥¬‡™à“®“°°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å ‡¥Õ–§Õ≈—¡πå ∑—Èßπ’È§à“‡™à“„πªï 2549 ·∫à߇ªìπ 2  à«π§◊Õ §à“‡™à“Õ“§“√‡≈§√—™¥“ÕÕøøî  ∑’Ë®à“¬„Àâ ∫√‘…—∑ ®√—≠π‘«“»πå ®”°—¥ ·≈–∫√‘…—∑ æ√¡‘μ√ ®”°—¥ ‡ªìπ®”π«π 11.02 ≈â“π∫“∑ ·≈–§à“‡™à“∑’Ë®à“¬„Àâ°Õß∑ÿπ√«¡Õ —ßÀ“√‘¡∑√—æ¬å ‡¥Õ–§Õ≈—¡πå ®”π«π 11.96 ≈â“π∫“∑ √«¡§à“‡™à“„πªï 2549 ‡ªìπ®”π«π 22.98 ≈â“π∫“∑ ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å ®”°—¥ ¡’∑’Ë∑”°“√ ”π—°ß“π‡¥’¬«°—∫ ∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‚¥¬‰¡à¡’°“√®à“¬§à“‡™à“ ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å π‚¬∫“¬‡°’ˬ«°—∫‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å¢Õß∫√‘…—∑ ‡ªìπ‰ªμ“¡ª√–°“»¢Õߧ≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥ À≈—°∑√—æ¬å ∑’Ë °π.16/2542 ‡√◊ËÕßÀ≈—°‡°≥±å ‡ß◊ËÕπ‰¢ ·≈–«‘∏’°“√„π°“√≈ß∑ÿπ„πÀ√◊Õ¡’‰«â´÷ËßÀ≈—°∑√—æ¬åÀ√◊Õ∑√—æ¬å ‘πÕ◊Ëπ‡æ◊ËÕ∫√‘…—∑®—¥°“√·≈–∫√‘…—∑œ¡’°“√μ—Èß ”√Õ߇º◊ËÕ°“√≈¥§à“¢Õ߇ߑπ≈ß∑ÿπ π‚¬∫“¬°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å ®”°—¥ (‡¥‘¡™◊ËÕ∫√‘…—∑ ‡ÕÁ¡‡Õø´’ ‡√’¬≈μ’È ®”°—¥) ®—¥μ—Èߢ÷Èπ‡¡◊ËÕ«—π∑’Ë 15 ¡°√“§¡ 2535 ¥â«¬∑ÿ𠮥∑–‡∫’¬π 100,000 ∫“∑ §‘¥‡ªìπ®”π«πÀÿâπ∑—Èß ‘Èπ 10,000 Àÿâπ ‚¥¬∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ√âÕ¬≈– 99.99 ¢Õß∑ÿπ∑’Ë™”√–·≈â« «—μ∂ÿª√– ß§å„π°“√®—¥μ—È߇æ◊ËÕ¥”‡π‘π∏ÿ√°‘®°“√§â“·≈–°àÕ √â“ß √«¡∑—Èß√—∫‡ªìπ∑’˪√÷°…“°“√∫√‘À“√ß“π¢Õß∏ÿ√°‘®æ“≥‘™¬°√√¡·≈–Õÿμ “À°√√¡μà“ßÊ ‰¥â‡ª≈’ˬπ™◊ËÕ‡ªìπ ç∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å ®”°—¥é ‡¡◊ËÕ«—π∑’Ë 1 °ÿ¡¿“æ—π∏å 2536 æ√âÕ¡°—∫‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π‡ªìπ 2,000 ≈â“π∫“∑ ‚¥¬‰¥â‡√’¬°™”√–√âÕ¬≈– 25 ¢Õß¡Ÿ≈§à“Àÿâ𠧑¥‡ªìπ®”π«πÀÿâπ∂—«‡©≈’ˬ 50,007,500 Àÿâπ §≥–°√√¡°“√¢Õß∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å ®”°—¥ ¡’∑—Èß ‘Èπ 4 §π ª√–°Õ∫¥â«¬ºŸâ∫√‘À“√¢Õß∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) „πªí®®ÿ∫—π ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß å ®”°—¥ ¡‘‰¥â¥”‡π‘π∏ÿ√°√√¡„¥Ê ¬°‡«âπ°“√≈ß∑ÿπ„πÀ≈—°∑√—æ¬å´÷Ë߇ªìπ‰ªμ“¡ª√–°“»¢Õߧ≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–¡‘‰¥â¡’°“√°”Àπ¥§à“μÕ∫·∑π„Àⷰຟâ∫√‘À“√¢Õß∫√‘…—∑

41

Business Assets

Premises and Equipment The Companyûs office was relocated from Lake Rajada Office Complex to No.199, Column Tower G Floor and 21-23 Floors, Ratchadapisek Road, Kwaeng Klongtoey, Khet Klongtoey, Bangkok 10110 by leasing from the Column Property Fund. In 2006, the rental for 2006 totaling Baht 22.98 million was separated into 2 parts; the rental repaid to Charannivas Company Limited and Pornmit Company Limited at the amount of Baht 11.02 million and rental repaid to the Column Property Fund at the amount of Baht 11.96 million. MF Holdings Company Limited shares the Companyûs office with no rental. Investment in Securities The Companyûs policy on securities investment is in compliance with the SEC Notification Kor Nor 16/2542 Re: Criteria, and procedures for investment in or holding securities or other assets for asset management companies. The Company has set aside provisions for diminution of investment value. Investment in Subsidiary MF Holdings Company Limited (formerly MFC Realty Company Limited) was founded on 15 January 1992 with a registered capital of Baht 100,000 (10,000 shares). It is 99.99% owned by MFC Asset Management Public Company Limited. Its objectives were to engage in commerce and construction, commercial and industrial consultancy. It was renamed MF Holdings Company Limited on 1 February 1993 at the same time as the increase in its registered capital to Baht 2,000 million, of which 25 percent was paid-up. The Company has 50,007,500 shares. The Board of Directors of MF Holdings Company Limited has four members, all of whom are executives of MFC Asset Management Public Company Limited. Presently MF Holdings Company Limited is not engaged in any business except securities investment which is in compliance with the SEC Notifications. Its management does not receive any remuneration.

42

‚§√ß°“√„πÕπ“§μ

∫√‘…—∑¬—ߧߡÿà߇πâπ°“√‡æ‘Ë¡ª√– ‘∑∏‘¿“æ°“√¥”‡π‘πß“π‚¥¬√«¡ ‚¥¬‡©æ“–°“√π”√–∫∫§Õ¡æ‘«‡μÕ√å·≈–‡∑§‚π‚≈¬’ “√ π‡∑»∑’Ë∑—π ¡—¬¡“„™â∫√‘À“√ß“π ·≈–„Àâ∫√‘°“√°“√𔇧√◊ËÕß¡◊Õ∑“ߥâ“π°“√®—¥°“√„À¡àÊ ‡¢â“¡“™à«¬„π°“√∫√‘À“√·≈–æ—≤𓧫“¡ “¡“√∂„π°“√·¢àߢ—π¢ÕßÕߧå°√ ·≈–°“√„À⧫“¡ ”§—≠°—∫°“√∫√‘À“√§«“¡‡ ’ˬ߄π°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ‚¥¬®—¥μ—ÈßΩÉ“¬∫√‘À“√§«“¡‡ ’ˬߢ÷Èπ‚¥¬‡©æ“– ‡æ◊ËÕ»÷°…“·≈–«‘‡§√“–À姫“¡‡ ’ˬ߄π°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ √«¡∑—ÈßÀ“¡“μ√°“√„π°“√ªÑÕß°—𧫓¡‡ ’¬À“¬Õ—πÕ“®®–‡°‘¥¢÷Èπ·°à∫√‘…—∑·≈–ºŸâ¡’ à«π‰¥â‡ ’¬∑’ˇ°’ˬ«¢âÕß πÕ°‡Àπ◊Õ®“°°“√ª√—∫ª√ÿß√–∫∫ß“π·≈–¢—ÈπμÕπ°“√∑”ß“π„Àâ¡’§«“¡§≈àÕßμ—« ™—¥‡®π ¡’§Ÿà¡◊Õ°“√ªØ‘∫—μ‘ß“π∑’ˇªìπ¡“μ√∞“π ”À√—∫∑ÿ°ΩÉ“¬ß“𠧫∫§Ÿà‰ª°—∫°“√¬÷¥À≈—°°“√∫√‘À“√μ“¡·π«∑“ß°“√°”°—∫¥Ÿ·≈∑’Ë¥’ 15 ¢âÕ ¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ πÕ°®“°π’È ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–æ—≤π“°Õß∑ÿπª√–‡¿∑„À¡àÊ ∑’ËÕ“»—¬À≈—°°“√∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–¡’√Ÿª·∫∫∑’Ë À≈“°À≈“¬¡“°¢÷Èπ ‡æ◊ËÕ„Àâ≈Ÿ°§â“ “¡“√∂‡≈◊Õ°≈ß∑ÿπ‰¥âμ“¡§«“¡μâÕß°“√ Õ’°∑—Èߪ√—∫ª√ÿߧÿ≥¿“æ∫√‘°“√¥â“πμà“ßÊ ‡æ◊ËÕ √â“ß¡Ÿ≈§à“‡æ‘Ë¡„Àâ·°à≈Ÿ°§â“  ”À√—∫·π«∑“ß°“√¥”‡π‘πß“π„πªï 2550 ∫√‘…—∑¡’π‚¬∫“¬¢¬“¬μ≈“¥„π‡™‘ß√ÿ°‚¥¬°≈ÿà¡≈Ÿ°§â“‡ªÑ“À¡“¬ ª√–°Õ∫¥â«¬≈Ÿ°§â“∫ÿ§§≈∏√√¡¥“·≈–≈Ÿ°§â“ ∂“∫—π„π à«π¢Õß≈Ÿ°§â“∫ÿ§§≈∏√√¡¥“ ®–‡πâπºŸâ¡’√“¬‰¥âª“π°≈“ߢ÷Èπ‰ª®π∂÷ß Ÿß ‚¥¬®–¡’°Õß∑ÿπ∑’ËÀ≈“°À≈“¬√Ÿª·∫∫ ·≈–√–¥—∫§«“¡‡ ’ˬ߄Àâ≈Ÿ°§â“‰¥â‡≈◊Õ°≈ß∑ÿπ„π à«π≈Ÿ°§â“ ∂“∫—π ®–‡πâπ∑—Èß¿“§‡Õ°™π·≈–¿“§√—∞ ´÷Ëß®–ÕÕ°·∫∫°Õß∑ÿπμ“¡§«“¡‡À¡“– ¡°—∫≈Ÿ°§â“·μà≈–√“¬ πÕ°®“°π’È ∫√‘…—∑‡πâπ°“√®—¥μ—Èß°Õß∑ÿπ√Ÿª·∫∫„À¡à‡™àπ °Õß∑ÿπ Private Equity  ”À√—∫ºŸâ≈ß∑ÿπ ∂“∫—π ‡æ◊ËÕ √â“ߺ≈μÕ∫·∑π„π√Ÿª·∫∫∑’Ë·μ°μà“ß °Õß∑ÿπ∑’Ë≈ß∑ÿπ„π Derivative ´÷Ë߇ªìπ°“√≈ß∑ÿπ„À¡à ∑’Ëπà“ π„®¢ÕߺŸâ≈ß∑ÿπ ≥  ‘Èπªï 2549 ∫√‘…—∑¡‘‰¥â¡’§¥’§«“¡∑’ËÕ“®¡’º≈°√–∑∫μàÕ ‘π∑√—æ¬å¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ Ÿß°«à“√âÕ¬≈– 5 ¢Õß à«π¢ÕߺŸâ∂◊ÕÀÿâπ À√◊Õ §¥’∑’Ë¡’º≈°√–∑∫μàÕ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬Õ¬à“ß¡’π—¬ ”§—≠

¢âÕæ‘æ“∑∑“ß°ÆÀ¡“¬

43

Future Plans

The Company will continue to focus on enhancing operational efficiency and effectiveness for fund management and customer service. To accomplish this, the Company uses the most efficient and modern technologies to enhance operations management and competitiveness. Emphasis is placed on management of business risks. A specialized group is formed to identify and assess business risks and to develop preventive measures to protect the Company and its stakeholders. Improvements in flexibility and clarity of operational systems and procedures have been adopted together with updating operational manuals in accordance with the SETûs 15 principles of good Corporate Governance. The Company plans to design and launch new varieties of funds based on risk management techniques to meet investor needs. The quality of services rendered will also be enhanced to add value for the customers. For 2007, the Company has a policy to aggressively expand the market. The target customers include both individual and institutional investors. With respect to individual investors, we will focus on those with medium to high income by offering a variety of funds with different levels of risks. As for institutional investors, we will focus on both government related and private institutions and will customize funds to the investorsû individual needs. In addition, the Company will concentrate on setting up new mutual funds that invest in other asset classes such as private equity for institutional investors to create different forms of returns and derivatives, which has garnered great interest from investors. At the end of 2006, the Company had no pending legal dispute that may affect its assets or those at its subsidiary by more than 5% of its shareholdersû equity or that may materially affect the business of the Company and its subsidiary.

Legal Disputes

44

1. ∫√‘…—∑»Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥‡æ◊ËÕºŸâΩ“° 49,512,080 41.26

2. °√–∑√«ß°“√§≈—ß 20,000,000 16.67

3. ∏𓧓√ÕÕ¡ ‘π 16,000,000 13.33

4. Thailand Securities Depository Co., Ltd. For Depositors 14,073,800 1.73

5. ∫√√…—∑∫√‘À“√ ‘π∑√—æ¬å‰∑¬ 12,173,000 10.14

6. 𓬠Õß «—™√»√’‚√®πå 4,305,000 3.59

7. π“ß ÿ¿»‘…Æå ®—°√«“≈∏√√¡ 784,000 0.65

8. ∫√‘…—∑‡ß‘π∑ÿπÀ≈—°∑√—æ¬å π§√À≈«ß‡§√¥‘μ ®”°—¥ (¡À“™π) 730,000 0.61

9. π. .æ—™π’ «—™√»√’‚√®πå 556,000 0.46

10. ∫√√…—∑∫√‘À“√ ‘π∑√—æ¬å‰∑¬ 454,000 0.38

‚§√ß √â“߇ߑπ≈ß∑ÿπ

À≈—°∑√—æ¬å¢Õß∫√‘…—∑ ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π ·≈–‡√’¬°™”√–·≈â« ®”π«π 120 ≈â“π∫“∑ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ·∫à߇ªìπÀÿâπ “¡—≠ 120 ≈â“πÀÿâπ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 1 ∫“∑·≈–‰¡à‰¥â¡’°“√‡æ‘Ë¡∑ÿπ„π™à«ß 5 ªï∑’˺à“π¡“ ºŸâ∂◊ÕÀÿâπ √“¬™◊ËÕºŸâ∂◊ÕÀÿâπ∑’Ë∂◊ÕÀÿâπ Ÿß ÿ¥ 10 Õ—π¥—∫·√° ≥ «—π∑’Ë 29 ∏—𫓧¡ 2549 μ“¡∑–‡∫’¬πºŸâ∂◊ÕÀÿâπ ¡’¥—ßμàÕ‰ªπ’È

À¡“¬‡Àμÿ ≥ «—π∑’Ë 3 ¡°√“§¡ 2549 ∫√‘…—∑‰¥â‡ª≈’ˬπ·ª≈ߺŸâ∂◊ÕÀÿâπ√“¬„À≠ஓ°‡¥‘¡ ∏𓧓√∑À“√‰∑¬ ®”°—¥ (¡À“™π) ‡ªìπºŸâ∂◊ÕÀÿâπ√“¬„À≠à Õ—μ√“√âÕ¬≈– 24.85 ‡À≈◊Õ√âÕ¬≈– 13.68 (Õ¬Ÿà„π√–∫∫‰√â„∫Àÿâπ¿“¬„μâ™◊ËÕ∫√‘…—∑»Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ ‡æ◊ËÕºŸâΩ“°) ‡ª≈’ˬπ‡ªìπ ∏𓧓√ÕÕ¡ ‘𠇪ìπºŸâ∂◊ÕÀÿâπ√“¬„À≠à ‡ªìπ√âÕ¬≈– 24.50 (´÷Ëß¡’∑—Èß√–∫∫¡’„∫Àÿâπ·≈–Õ¬Ÿà„π√–∫∫‰√â„∫Àÿâπ¿“¬„μâ™◊ËÕ∫√‘…—∑»Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ ‡æ◊ËÕºŸâΩ“°) ≥ «—π∑’Ë 29 ∏—𫓧¡ 2549  —¥ à«π°“√∂◊ÕÀÿâπ¢Õß∏𓧓√∑À“√‰∑¬ ®”°—¥ (¡À“™π) ‰¥â¡’°“√‡ª≈’ˬπ·ª≈ß®”π«πÀÿâπ ‚¥¬¡’®”π«πÀÿâπ§ß‡À≈◊Õ 14,015,800 Àÿâπ À√◊Õ 11.68% π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–®à“¬‡ß‘πªíπº≈·°àºŸâ∂◊ÕÀÿâπμ“¡Õ—μ√“º≈°”‰√ ´÷Ëß‚¥¬ª°μ‘‡ªìπ®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 50 ¢Õß°”‰√ ÿ∑∏‘À≈—ß®“°™”√–¿“…’·≈â« (√«¡‡ß‘πªíπº≈√–À«à“ß°“≈∑’˪√–°“»·≈â«  ”À√—∫√Õ∫√–¬–‡«≈“π—Èπ)  ”À√—∫∫√‘…—∑¬àÕ¬π—Èπ ‰¡à‰¥â°”Àπ¥π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈‰«â·πàπÕπ

™◊ËÕºŸâ∂◊ÕÀÿâπ/°≈ÿࡺŸâ∂◊ÕÀÿâπ ®”π«πÀÿâπ % ¢Õß®”π«π

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45

Capital Structure

Share Capital The Companyûs registered and paid up capital was Baht 120 million as at 31 December 2006, divided into 120 million ordinary shares at a par value of Baht 1 per share. The Company has not increased its capital over the past 5 years. Shareholders Top ten major shareholders as at 29 December 2006 :

Remark As of the 3rd of January 2006, there was a change in the Companyûs majority shareholder. TMB Bank Public Company Limited, as the former majority shareholder at 24.85 per cent, diluted itself to be 13.68 per cent (shares are held in scripless holding in the name of Thailand Securities Depository Co., Ltd. For depositors) and the Government Savings Bank has been the majority shareholder by increasing its proportion at 13.66 per cent to be 24.50 per cent (shares are held in both scripless holding in the name of Thailand Securities Depository Co., Ltd. for depositors and have share certificates). As of the 29th December 2006, the proportion of shareholding of TMB Bank Public Company Limited was changed by diluting its proportion to be 14,015,800 shares or 11.68%. Dividend Policy The Company has a policy to pay dividends in proportion to its profits. Normally, the minimum pay-out ratio is 50 per cent of net profit after tax (including interim dividends for the period). Its subsidiary does not have a definite dividend policy.

1. THAILAND SECURITIES DEPOSITORY CO., LTD. FOR DEPOSITORS 49,512,080 41.26

2. MINISTRY OF FINANCE 20,000,000 16.67

3. GOVERNMENT SAVINGS BANK 16,000,000 13.33

4. THAILAND SECURITIES DEPOSITORY CO., LTD. FOR DEPOSITORS 14,073,000 11.73

5. THAI ASSET MANAGEMENT CORPORATION 12,173,000 10.14

6. MR. SONG WATCHARASRIROJ 4,305,000 3.59

7. MR. SUPASIT JAKKAWANTHOM 784,000 0.65

8. SIAM CITY CREDIT FINANCES AND SECUIRITES PLC. 730,000 0.61

9. MS. PATCHANEE WATCHARASRIROJ 556,000 0.46

10. THAI ASSET MANAGEMENT CORPORATION 454,000 0.38

Name Number of

Shares % of Total

Shares

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‚§√ß √â“ß°“√®—¥°“√

§≥–°√√¡°“√¢Õß∫√‘…—∑ª√–°Õ∫¥â«¬°√√¡°“√®”π«π 12 §π ‰¥â·°àª√–∏“π°√√¡°“√ 1 §π °√√¡°“√ 10 §π ·≈–°√√¡°“√ºŸâ®—¥°“√ 1 §π §≥–°√√¡°“√®–¡’°“√ª√–™ÿ¡‡¥◊Õπ≈– 1 §√—Èß ‡æ◊ËÕ∑”Àπâ“∑’Ë°”Àπ¥π‚¬∫“¬ ·≈–∑‘»∑“ß°“√¥”‡π‘π∏ÿ√°‘® æ√âÕ¡∑—Èß°”°—∫¥Ÿ·≈„ÀâΩÉ“¬®—¥°“√ ¿“¬„μâ°“√π”¢Õß°√√¡°“√ºŸâ®—¥°“√¥”‡π‘π∏ÿ√°‘®μ“¡·π«∑“ß∑’Ë°”À𥉫âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ πÕ°®“°π’ȧ≥–°√√¡°“√‰¥â·μàßμ—Èß√Õß°√√¡°“√ºŸâ®—¥°“√  “¬°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ  à«π∫ÿ§§≈∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√§≥–°√√¡°“√ μ“¡¢âÕ∫—ߧ—∫¢Õß∫√‘…—∑ °”Àπ¥„Àâ°√√¡°“√ÕÕ°®“°μ”·ÀπàßÀπ÷Ëß„π “¡ ´÷Ëß„πªï·√°·≈–ªï∑’Ë Õß„Àℙ⫑∏’®—∫ ≈“°ÕÕ°  à«πªïμàÕʉª„Àâ°√√¡°“√§π∑’ËÕ¬Ÿà„πμ”·Àπàßπ“π∑’Ë ÿ¥‡ªìπºŸâÕÕ°®“°μ”·Àπàß°√√¡°“√∫√‘…—∑‰¥â√—∫°“√‡≈◊Õ°μ—Èß®“°∑’˪√–™ÿ¡ ºŸâ∂◊ÕÀÿâπ‚¥¬„™â‡ ’¬ß¢â“ß¡“° ¬°‡«âπ°√≥’∑’Ëμ”·Àπàß°√√¡°“√«à“ß≈߇æ√“–‡ÀμÿÕ◊ËππÕ°®“°∂÷ߧ√“«ÕÕ°μ“¡«“√– §≥–°√√¡°“√®–‡ªìπºŸâ‡≈◊Õ°∫ÿ§§≈∑’Ë¡’§ÿ≥ ¡∫—쑇À¡“– ¡‡¢â“‡ªìπ°√√¡°“√·∑π„π°“√ª√–™ÿ¡§≥–°√√¡°“√§√“«∂—¥‰ª ‚¥¬¡μ‘°√√¡°“√¥—ß°≈à“« ®–μâÕ߉¡àπâÕ¬°«à“ “¡„π ’Ë¢Õß®”π«π°√√¡°“√∑’ˬ—߇À≈◊Õ ·≈–∫ÿ§§≈´÷Ë߇¢â“‡ªìπ°√√¡°“√·∑π¥—ß°≈à“« ®–Õ¬Ÿà„πμ”·Àπà߇撬߇∑à“«“√–∑’ˬ—߇À≈◊ÕÕ¬Ÿà¢Õß°√√¡°“√∑’Ëμπ·∑π §≥–°√√¡°“√∫√‘…—∑·μàßμ—Èߧ≥–°√√¡°“√∫√‘À“√¢÷Èπ¡“™ÿ¥Àπ÷Ëß ª√–°Õ∫¥â«¬°√√¡°“√∫√‘…—∑®”π«π 6 §π §≥–°√√¡°“√∫√‘À“√®–¡’°“√ª√–™ÿ¡‡¥◊Õπ≈– 1 §√—Èß ‡æ◊ËÕ∑”Àπâ“∑’Ëæ‘®“√≥“ ∑∫∑«π ·≈–°≈—Ëπ°√Õßπ‚¬∫“¬·≈–‡√◊ËÕß ”§—≠μà“ßÊ °àÕπ𔇠πÕ§≥–°√√¡°“√ À√◊Õ¥”‡π‘π°“√„π‡√◊ËÕß∑’ˉ¥â√—∫¡Õ∫À¡“¬®“°§≥–°√√¡°“√ ∑—Èßπ’È √Õß°√√¡°“√ºŸâ®—¥°“√  “¬°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ à«π∫ÿ§§≈∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘À“√‡™àπ°—π πÕ°®“°π’È §≥–°√√¡°“√‰¥â·μàßμ—Èߧ≥–°√√¡°“√μ√«® Õ∫ ´÷Ëߪ√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®”π«π 3 §π ´÷Ëß¡’∫∑∫“∑·≈–Àπâ“∑’Ëμ“¡∑’ˉ¥â°≈à“«∂÷ß„π√“¬ß“π¢Õߧ≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√∫√‘…—∑·μàßμ—Èߧ≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π¢÷Èπ ‡¡◊ËÕ‡¥◊Õπμÿ≈“§¡ 2547 ´÷Ëߪ√–°Õ∫¥â«¬∫ÿ§§≈®“°¿“¬πÕ°∑’Ë∑√ߧÿ≥«ÿ≤‘ ÷Ë߇ªìπÕ‘ √– §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π¡’∫∑∫“∑Àπâ“∑’Ëμ“¡∑’Ë°≈à“«‰«â„π‡√◊ËÕߧ≥–Õπÿ°√√¡°“√ „πªï 2549 √Õß°√√¡°“√ºŸâ®—¥°“√  “¬μ≈“¥°Õß∑ÿπ√«¡ ∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

47

Management Structure

The 12 member Board of Directors consists of the Chairman of the Board, 10 Directors and the President. The Senior Executive Vice President (Provident and Private Fund Marketing) serves as Secretary to the Board. The Board meets once a month and is responsible for determining the Companyûs policies and direction as well as monitoring and supporting the management to ensure that the Companyûs operations are efficient and effective. Pursuant to the articles of association, one-third of the directors retiring from office in the first and the second years shall be selected by drawing lots. In subsequent years, the director who has held office longest shall retire. The director who receives the majority votes shall be elected at the annual general shareholdersû meeting. In case of a vacancy on the board of directors for reasons other than the expiration of the directorûs term of office, the board of directors shall elect a person who has the qualifications as the substitute director at the next meeting of the board. Whereas, the resolution of the board of directors shall be by a vote of not less than three quarters of the number of directors remaining and the elected member shall fill the remaining term of the replaced director. The Board appoints and Executive Committee which consists of 6 Directors. The Executive Committee meets once a month to review or make recommendations to the Board on important matters and also performs such duties as are delegated or assigned by the board of Directors. The Senior Executive Vice President (Provident and Private Fund Marketing) serves as Secretary to the Executive Committee. Additionally, the Board appoints an Audit Committee to facilitate the practice of good corporate governance as prescribed in the Statement of the audit Committee. The Audit Committee is composed of 3 directors. In October 2004, the Board appointed a Nominating and Remuneration Committee. The roles and responsibilities of the Committee are described in Board Committees. The Senior Executive Vice President (Mutual Fund Marketing) serves as Secretary to the Nominating and Remuneration Committee.

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√“¬π“¡ºŸâ¥”√ßμ”·Àπàß°√√¡°“√§≥–μà“ßÊ ∑’Ë°≈à“«∂÷ߢâ“ßμâπ·≈–‡≈¢“πÿ°“√§≥–°√√¡°“√ ¡’¥—ßπ’È 1. π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√ (°√√¡°“√Õ‘ √–) ·≈–ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 15/2/49) 2. 𓬰√æ®πå Õ—»«‘π«‘®‘μ√ ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 07/01/2550) 3. π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/2550 - ªí®®ÿ∫—π) 4. 𓬫‘»‘…∞å «ß»å√«¡≈“¿ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ 5. √âÕ¬‡Õ°™“≠™—¬ ™“≠™¬»÷° °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 19/01/2549) ·≈–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π (ªí®®ÿ∫—π) 6. 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß °√√¡°“√ ·≈–ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ (°√√¡°“√Õ‘ √–) 7. π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 01/01/2550) 8. 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å °√√¡°“√·≈–ª√–∏“π§≥–°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß (°√√¡°“√Õ‘ √–) 9. π“ß≠“¥“ ª√–æ‘≥¡ß§≈°“√ °√√¡°“√ (¥”√ßμ”·Àπàß∂÷ß 19/01/2549) 10. π“¬π√“∏√ «ß»å«‘‡»… °√√¡°“√ (¥”√ßμ”·Àπàß∂÷ß 25/01/2549) 11. π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ °√√¡°“√ ·≈–°√√¡°“√μ√«® Õ∫ (°√√¡°“√Õ‘ √–) 12. π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 07/01/2550) 13. 𓬰”∏√ μ쑬°«’ °√√¡°“√ ·≈–°√√¡°“√μ√«® Õ∫ (°√√¡°“√Õ‘ √–) 14. 𓬫‘™—¬ ®÷ß√—°‡°’¬√μ‘ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 05/01/2550) 15. π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ °√√¡°“√ (¥”√ßμ”·Àπàßμ—Èß·μà 15/02/2549 ∂÷ߪí®ÿ®∫—π) °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/2550 - ªí®®ÿ∫—π) 16. π“ß “«™ÿ¡æ√ √—μ¡ß§≈ °√√¡°“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/2550 - ªí®®ÿ∫—π) 17. π“¬¡π—  ·®à¡‡«À“ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 17/01/2550 - ªí®®ÿ∫—π) 18. 𓬮—°√°ƒ»Ø‘Ï æ“√“æ—π∏°ÿ≈ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 16/03/2550 - ªí®®ÿ∫—π) 19. π“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√ °√√¡°“√∫√‘À“√ ·≈–°√√¡°“√ºŸâ®—¥°“√ 20. 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå ‡≈¢“πÿ°“√§≥–°√√¡°“√ ·≈–‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘À“√ 21. 𓬠ÿπ∑√ æ®πå∏π¡“» ‡≈¢“πÿ°“√§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π Õπ÷Ëß ≥  ‘Èπ ÿ¥ 31 ∏—𫓧¡ 2549 °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ºŸ°æ—π∫√‘…—∑ π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√ À√◊Õπ“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√ºŸâ®—¥°“√ §π„¥§πÀπ÷Ëß≈ß≈“¬¡◊Õ™◊ËÕ·≈–ª√–∑—∫μ√“∫√‘…—∑À√◊Õ π“¬°√æ®πå Õ—»«‘π«‘®‘μ√ π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ 𓬫‘»‘…∞å «ß»å√«¡≈“¿ π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï π“¬«‘™—¬ ®÷ß√—°‡°’¬√μ‘ π“¬¬ß¬ÿ∑∏ μ–√‘‚¬  Õß„πÀ°§π≈ß≈“¬¡◊Õ™◊ËÕ√à«¡°—π ·≈–ª√–∑—∫μ√“ ”§—≠∫√‘…—∑ ∑—Èßπ’ȉ¡à¡’¢âÕ®”°—¥Õ”π“®¢Õß°√√¡°“√

49

Name of the Board of Directors, the Executive Committee, the Audit Committee, and the Nominating and Remuneration Committee are as follows: 1. Mr. Narongchai Akrasanee Chairman of the Board (Independent Director) and Chairman of the Executive Committee (Until 15 February 2006) 2. Mr. Goanpot Asvinvichit Director and Chairman of the Executive Committee (Until 07/01/2007) 3. Mr. Boonsak Chiempricha Director and Chairman of the Executive Committee (Since 08/01/2007) 4. Mr. Visit Vongruamlarp Director and Executive Director 5. Capt. Charnchai Charnchayasuk Director, Executive Director (Until 19 January 2006) Director of the Nominating and Remuneration Committee (Present) 6. Mr. Prapan Siriratthamrong Director and Chairman of the Audit Committee (Independent Director) 7. Mrs. Nongluck Virameteekul Director and Executive Director (Until 01/01/2007) 8. Mr. Surathian Chakthranont Director and Chairman of Risk Management Committee (Independent Director) 9. Mrs. Yada Prapinmongkolkarn Director (Until 19 January 2006) 10. Mr. Narathorn Wongvises Director (Until 25 January 2006) 11. Mr.Adison Thanan-narapool Director and Audit Committee Member (Independent Director) 12. Mr. Tee-Ra Witwutisak Director and Executive Director (Until 07/01/2550) 13. Mr. Kamthorn Tatiyakavee Director and Audit Committee Member (Independent Director) 14. Mr. Wichai Chungrakkiat Director and Executive Director (Until 05/01/2007) 15. Mr. Yongyuth Tariyo Director (Since 15/02/2006 - Present) and Executive Director (08/01/2007 - Present) 16. Miss Choomporn Ratamongkul Director (Since 08/01/2007 - Present) 17. Mr. Manas Jamveha Director and Executive Director (Since 17/01/2007) 18. Mr. Chakkrit Parapuntaklu Director and Executive Director (Since 16/03/2007) 19. Mr. Pitchit Akrathit Director, Executive Director and the President 20. Mr. Chaibhondh Osataphan Secretary to the Board of Directors and the Executive Committee 21. Mr. Soontorn Pojthanamas Secretary to the Nominating and Remuneration Committee Authorized Signatories to bind the Company:- As of 30 December 2006 either Mr. Narongchai Akrasanee, Chairman of the Board, or Mr. Pichit Akrathit, President, is authorized to sign in the name of the company with affixing the companyûs seal, or two of the following 6 direcotors: Mr. Goanpot Asvinvichit, Mrs. Nongluck Virametekul, Mr. Visit Vongruamlarp, Mr. Tee-Ra Witwutisak, Mr. Wichai Chungrakkiat and Mr. Yongyuth Tariyo are authorized co-signatories with affixing the companyûs seal. There are no restrictions on the authorities of directors.

50

§à“μÕ∫·∑πºŸâ∫√‘À“√ §à“μÕ∫·∑π∑’ˇªìπμ—«‡ß‘𠂪√¥¥Ÿ√“¬≈–‡Õ’¬¥Àπâ“ 62 §à“μÕ∫·∑πÕ◊Ëπ ‰¡à¡’ §à“μÕ∫·∑π¢ÕߺŸâ Õ∫∫—≠™’ 1. §à“μÕ∫·∑π®“°°“√ Õ∫∫—≠™’ (Audit Fee) „πªï 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬§à“μÕ∫·∑π°“√ Õ∫∫—≠™’ ‰¥â·°à ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ „π√Õ∫ªï∫—≠™’∑’˺à“π¡“¡’®”π«π‡ß‘π√«¡ 360,000 ∫“∑  ”π—°ß“π Õ∫∫—≠™’∑’˺Ÿâ Õ∫∫—≠™’ —ß°—¥ ∫ÿ§§≈À√◊Õ°‘®°“√∑’ˇ°’ˬ«¢âÕß°—∫ºŸâ Õ∫∫—≠™’·≈– ”π—°ß“π Õ∫∫—≠™’∑’˺Ÿâ Õ∫ ∫—≠™’ —ß°—¥ „π√Õ∫ªï∫—≠™’∑’˺à“π¡“¡’®”π«π√«¡ - ∫“∑ 2. §à“∫√‘°“√Õ◊Ëπ (Non-Audit Fee) „πªï 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬ §à“μÕ∫·∑π¢Õßß“π∫√‘°“√Õ◊Ëπ ´÷Ë߉¥â·°à ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ „π√Õ∫ªï∫—≠™’∑’˺à“π¡“¡’®”π«π‡ß‘π√«¡ - ∫“∑ ·≈–®–μâÕß®à“¬„πÕπ“§μÕ—π‡°‘¥®“°°“√μ°≈ß ∑’ˬ—ß„Àâ∫√‘°“√‰¡à·≈⫇ √Á®„π√Õ∫ªï∫—≠™’∑’˺à“π¡“ ¡’®”π«π‡ß‘π√«¡ - ∫“∑  ”π—°ß“π Õ∫∫—≠™’∑’˺Ÿâ Õ∫∫—≠™’ —ß°—¥ ∫ÿ§§≈À√◊Õ°‘®°“√∑’ˇ°’ˬ«¢âÕß°—∫ºŸâ Õ∫∫—≠™’ ·≈– ”π—°ß“π Õ∫∫—≠™’¥—ß°≈à“« „π√Õ∫ªï∫—≠™’∑’˺à“π¡“¡’®”π«π‡ß‘π√«¡ - ∫“∑ ·≈–®–μâÕß®à“¬„πÕπ“§μÕ—π‡°‘¥®“°°“√μ°≈ß∑’ˬ—ß„Àâ∫√‘°“√‰¡à·≈⫇ √Á® „π√Õ∫ªï∫—≠™’∑’˺à“π¡“ ¡’®”π«π‡ß‘π√«¡ - ∫“∑

51

Director Remuneration Cash remuneration See pages 63 Non-cash remuneration None Auditorûs fees 1. Audit fee In the Financial year 2006, the Company and its subsidiary paid Baht 360,000 in audit fee to the auditor and Baht › to the audit firm, individuals or firms connected with the auditor and the said audit firm. 2. Non › Audit Fee In the Financial year 2006, the Company and its subsidiary paid Baht › in non-audit fee to the auditor and are obligated to pay Baht › in the future for services which were not completed in that year. Payment to the audit firm, individuals of firms connected with the auditor and the said audit firm in the past financial year amounted to Baht › and future payment for services which were not completed in that year amounts to Baht -.

52

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¢Õß∫√‘…—∑≈à«ßÀπⓇªìπ‡«≈“ 21 «—π (‡√‘Ë¡„πªï 2550) ‡π◊ËÕß®“°∫√‘…—∑μ√–Àπ—°∂÷ߧ«“¡ ”§—≠¢Õß ‘∑∏‘¢ÕߺŸâ∂◊ÕÀÿâπ„π°“√‡¢â“∂÷ߢâÕ¡Ÿ≈¢Õß∫√‘…—∑ ·≈–

∫√‘…—∑¬—߉¥â‡ πÕ™◊ËÕ°√√¡°“√Õ‘ √–‡ªìπºŸâ√—∫¡Õ∫©—π∑–·∑πºŸâ∂◊ÕÀÿâπ‡æ◊ËÕ‡ªìπ°“√Õ”π«¬§«“¡ –¥«°·°àºŸâ∂◊ÕÀÿâπ°√≥’∑’ˉ¡à “¡“√∂¡“„™â ‘∑∏‘¥â«¬μπ‡Õß

À√◊Õ¡Õ∫©—π∑–„À⺟âÕ◊Ëπ‰¥â

 ‘∑∏‘¢ÕߺŸâ¡’ à«π‰¥â‡ ’¬

∫√‘…—∑‰¥â„À⧫“¡ ”§—≠μàÕ ‘∑∏‘¢ÕߺŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡∑’ˇ°’ˬ«¢âÕß°—∫∫√‘…—∑ ‰¡à«à“®–‡ªìπºŸâ¡’ à«π‰¥â‡ ’¬¿“¬„π ´÷Ë߉¥â·°à ºŸâ∫√‘À“√·≈–æπ—°

ß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ À√◊ÕºŸâ¡’ à«π‰¥â‡ ’¬¿“¬πÕ° ´÷Ëß ‰¥â·°à ≈Ÿ°§â“ §Ÿà·¢àß ‡®â“Àπ’È ¿“§√—∞ ·≈–Àπ૬ߓπÕ◊Ëπ Ê ∑’ˇ°’ˬ«¢âÕß ‚¥¬∫√‘…—∑‰¥âªØ‘∫—μ‘

μ“¡¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬·≈–°Æ√–‡∫’¬∫μà“ßÊ ∑’ˇ°’ˬ«¢âÕß ‡æ◊ËÕ„Àâ ‘∑∏‘¢ÕߺŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°ΩÉ“¬‰¥â√—∫°“√¥Ÿ·≈Õ¬à“ߥ’

«‘∏’ªØ‘∫—μ‘μàÕºŸâ¡’ à«π‰¥â‡ ’¬°≈ÿà¡μà“ßÊ ¡’¥—ßπ’È

≈Ÿ°§â“

1. ∫√‘…—∑„À⧫“¡ ”§—≠„π°“√„Àâ∫√‘°“√·≈–¡’§«“¡√—∫º‘¥™Õ∫μàÕ≈Ÿ°§â“∑ÿ°√“¬Õ¬à“߇∑à“‡∑’¬¡°—π

2. ®—¥°“√≈ß∑ÿπ¥â«¬§«“¡´◊ËÕ —μ¬å √–¡—¥√–«—߇¬’ˬߺŸâª√–°Õ∫«‘™“™’æ

3. √—°…“§«“¡≈—∫¢Õß≈Ÿ°§â“·≈–¥Ÿ·≈‰¡à„À⺟âÀπ÷ËߺŸâ„¥π”§«“¡≈—∫¢Õß≈Ÿ°§â“‰ªÀ“ª√–‚¬™πå à«πμπ·≈–ºŸâ∑’ˇ°’ˬ«¢âÕß

4. ¡’Àπ૬ߓπ∑’Ë∑”Àπâ“∑’Ë√—∫¢âÕ√âÕ߇√’¬π¢Õß≈Ÿ°§â“

53

Coporate Governance

Corporate Governance MFC Asset Management Public Company Ltd. ùs major shareholders consist of Government Savings Bank, Ministry of Finance and TMB Bank Public Company Ltd. It is the only one Asset Management Company in Thailand listed on the Stock Exchange of Thailand (SET). The Company recognizes the importance of observing and practicing good corporate governance as contributive factors to the effectiveness and efficiency of its management system, upon which its continuous growth and trustworthiness strengthen confidences of its shareholders, as well as its investors and all parties concerned. The Company conducts its activities in compliance with the SETûs principles of Good Corporate Governance as follows: Corporate Governance Policy : The Company recognizes that corporate governance is key to a sustained and solid business growth. It is the efficient and trustworthy management that leads to the creditability and highest benefit to the Company, the Companyûs shareholders and investors and all concerned. The significant Companyûs policies are in accordance with the corporate governance and are carried out along the following established guidelines: Emphasize among directors, executives and all employees the importance of providing fair and equitable treatments to all shareholders and stakeholders. Strive forward to create long-termed added value with prudence and responsibility, integrity, fairness including performing duties with effective capacity and ability, targeting the highest benefits for shareholders and unitholders while keeping alert against any conflicts of interest, also be responsible upon management accountability. Manage companyûs business with proper and appropriate risk management system. Risk Management Department in conjunction with Internal Audit Office and Compliance Department is responsible for designing operational risk management measures to assure efficiency and effectiveness under acceptable levels of risks Institute a Code of Business Conduct for the directors and employees. Institute a Code of Conduct for the directors and employees. Provide sufficient disclosure of information to all parties concerned, aimed at transparency and verifiability. Shareholdersû Right and Equitable Treatment of Shareholders The General Meeting of Shareholders is held annually in April, with strict observance of law and regulations concerned. Seven days prior to the Meeting, Notice of the Meeting, Agenda & related documents are delivered to the shareholders. Each item of the Agenda is accompanied with Board recommendation. The Minutes of Meeting is made with complete and correct record to enable shareholdersû scrutiny. Beside the Board recommendation, it is the Companyûs intention to improve the meeting documents attached to each item of the agenda with more necessary details together with rationale,and statistical figures concerned. Moreover, to enable more channel of meetingûs report to reach the shareholders, the Companyûs Web Site has been added to enable shareholderûs more easy access to the minutes of meeting. It is the shareholdersû right of access to the Companyûs source of data that is emphasized by the Company. Moreover, its proposal has been made to allow independent directors be authorized as proxy of the shareholder who is inconvenient to attend the meeting in person or inconvenient to authorize anyone to represent him. Stakeholdersû Rights The Company recognizes the rights of all stakeholders involved the Company, whether they are management insiders which includes the Companyûs executives and employees and the Companyûs subsidiaries, or the outsider-clients, business competitors, creditors, the Government sectors, and other related organizations. The Company has always performed in compliance with laws and related regulations, in order that all the stakeholders involved shall be well protected. Measure to deal with each and all groups of stakeholders Clients 1. The Company provides each and all of its clients with full and equal service and responsibility. 2. Manage any investment with integrity and due care as a professional business operator. 3. Clientsû confidential information are strictly maintained. Keep vigilant to prevent anyone from taking advantage on clientûs confidential information for himself or for other people concerned. 4. A separate function is established to accept clientsû petitions.

54

§Ÿà§â“·≈–‡®â“Àπ’È

1. ªØ‘∫—μ‘μ“¡¢âÕμ°≈ß∑“ß°ÆÀ¡“¬ √«¡∂÷߇ß◊ËÕπ‰¢°“√„™â‡ß‘π °“√™”√–§◊π ·≈–¢âÕμ°≈ßÕ◊ËπÊ ∑’Ë¡’μàÕºŸâ≈ß∑ÿπ·≈–‡®â“Àπ’ÈÕ¬à“߇§√àߧ√—¥

2. √“¬ß“π¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π·≈–¢âÕ¡Ÿ≈∑—Ë«‰ªÕ¬à“ß∂Ÿ°μâÕß §√∫∂â«π ∑—π‡«≈“ ‚ª√àß„  ·≈–‡ªìπ‰ªμ“¡‡°≥±å¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬

·≈– ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å

æπ—°ß“π

1. °”À𥫑∏’°“√®â“ßß“π∑’ˇªìπ∏√√¡·≈–‡∑à“‡∑’¬¡°—π

2. „À⧫“¡¡—Ëπ§ß·≈–°â“«Àπâ“„π°“√∑”ß“π √«¡∂÷ß°“√®—¥„Àâ¡’°“√Ωñ°Õ∫√¡ °“√„À⧫“¡√Ÿâ·≈–æ—≤π“æπ—°ß“π

3. „Àâº≈μÕ∫·∑π·≈–®—¥ «— ¥‘°“√∑’ˇÀ¡“– ¡ ®Ÿß„® ·≈–∑—¥‡∑’¬¡°—∫ ∂“∫—π°“√‡ß‘π∑—Ë«‰ª

4. „π°“√·μàßμ—Èß ‚¬°¬â“¬ À√◊Õ‡≈◊ËÕπμ”·ÀπàßμâÕß°√–∑”¥â«¬§«“¡ ÿ®√‘μ ‚¥¬æ‘®“√≥“®“°§«“¡√Ÿâ §«“¡ “¡“√∂ §«“¡‡À¡“– ¡ ·≈–¥â«¬

§«“¡‡ªìπ∏√√¡

5. ®—¥„Àâ¡’ ¿“æ·«¥≈âÕ¡„π°“√ªØ‘∫—μ‘ß“π∑’Ë¥’

6.  √â“ߧ«“¡ —¡æ—π∏å∑’Ë¥’°—∫æπ—°ß“π√«¡∂÷߇§“√æμàÕ§«“¡‡ªìπªí®‡®°™π·≈–»—°¥‘Ï»√’¢Õß∫ÿ§§≈

7. ‡º¬·æ√à¢âÕæ÷ߪؑ∫‘μ∑“ß®√‘¬∏√√¡·°àæπ—°ß“π∑ÿ°§π·≈–¥Ÿ·≈„Àâæπ—°ß“πªØ‘∫—μ‘μ“¡°Æ √–‡∫’¬∫ «‘π—¬ ·≈–®√‘¬∏√√¡∑’Ë°”Àπ¥

§Ÿà·¢àß

1. ·¢àߢ—π∑“ß°“√§â“¿“¬„μâ°√Õ∫°μ‘°“¢Õß°“√·¢àߢ—π∑’ˇªìπ∏√√¡

2. ‰¡à· «ßÀ“¢âÕ¡Ÿ≈∑’ˇªì𧫓¡≈—∫¢ÕߧŸà·¢àߥ⫬«‘∏’°“√∑’ˉ¡à ÿ®√‘μ º‘¥°ÆÀ¡“¬

3. ‰¡à∑”≈“¬™◊ËÕ‡ ’¬ß¢ÕߧŸà·¢àߥ⫬°“√°≈à“«√⓬ À√◊Õ°√–∑”°“√„¥Ê ‚¥¬ª√“»®“°§«“¡®√‘ß·≈–‰¡à‡ªìπ∏√√¡

Àπ૬ߓπ√—∞

ªØ‘∫—μ‘μ“¡°Æ √–‡∫’¬∫ ·≈–¢âÕ°”Àπ¥¢ÕßÀπà«¬ß“π¿“§√—∞∑’ˇ°’ˬ«¢âÕß ‡™àπ °√–∑√«ß°“√§≈—ß ∏𓧓√·Ààߪ√–‡∑»‰∑¬ μ≈“¥À≈—°∑√—æ¬å

·Ààߪ√–‡∑»‰∑¬  ”π—°ß“πøÕ°‡ß‘π ·≈– ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ‡ªìπμâπ

 —ߧ¡

1.  à߇ √‘¡°“√¥”‡π‘πß“π„¥Ê ∑’ˇªìπª√–‚¬™πåμàÕ™ÿ¡™π·≈– —ߧ¡‚¥¬√«¡

2. ‰¡à°√–∑”°“√„¥Ê ∑’Ë®–¡’º≈‡ ’¬À“¬μàÕ™◊ËÕ‡ ’¬ß¢Õߪ√–‡∑» ∑√—欓°√∏√√¡™“μ‘ ·≈– ‘Ëß·«¥≈âÕ¡

3. ‰¡à„À⧫“¡√à«¡¡◊ÕÀ√◊Õ π—∫ πÿπ∫ÿ§§≈„¥Ê ∑’Ë∑”∏ÿ√°‘®º‘¥°ÆÀ¡“¬ À√◊Õ‡ªìπ¿—¬μàÕ —ߧ¡·≈–§«“¡ ¡—Ëπ§ß¢Õߪ√–‡∑»

4. ª≈Ÿ°Ωíß®‘μ ”π÷°§«“¡√—∫º‘¥™Õ∫μàÕ™ÿ¡™π·≈– —ߧ¡ à«π√«¡„À⇰‘¥¢÷Èπ„π∫√‘…—∑·≈–æπ—°ß“π∑ÿ°√–¥—∫Õ¬à“ßμàÕ‡π◊ËÕß

5. ªØ‘∫—μ‘À√◊Õ§«∫§ÿ¡„Àâ¡’°“√ªØ‘∫—μ‘Õ¬à“߇§√àߧ√—¥μ“¡°ÆÀ¡“¬∑’ˇ°’ˬ«¢âÕß

°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ

∫√‘…—∑¡’°“√®—¥ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‚¥¬°“√ªØ‘∫—μ‘μàÕºŸâ∂◊ÕÀÿâπÕ¬à“߇∑à“‡∑’¬¡°—π ·≈–‰¥â°”Àπ¥„Àâ¡’¢—ÈπμÕπ°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπÕ¬à“ß∂Ÿ°μâÕßμ“¡

À≈—°‡°≥±å¢Õßμ≈“¥À≈—°∑√—æ¬å

°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„πªï 2549 ¡’°√√¡°“√∑ÿ°∑à“π‡¢â“√à«¡ª√–™ÿ¡√«¡∑—Èß ‘Èπ 10 ∑à“π ´÷Ëß√«¡∂÷ߪ√–∏“π°√√¡°“√∫√‘…—∑ ª√–∏“π§≥–

°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π ·≈– ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ ‚¥¬ª√–∏“π„π∑’˪√–™ÿ¡‰¥â‡ªî¥‚Õ°“ „À⺟â∂◊ÕÀÿâπ¡’ ‘∑∏‘Õ¬à“߇∑à“‡∑’¬¡

°—π„π°“√μ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑  Õ∫∂“¡ ·≈–· ¥ß§«“¡§‘¥‡ÀÁπ·≈–¢âÕ‡ πÕ·π–μà“ß Ê ‚¥¬‰¥â √ÿªª√–‡¥Á𠔧—≠‰«â„π√“¬ß“π°“√

ª√–™ÿ¡ ‚¥¬√“¬ß“π°“√ª√–™ÿ¡¥—ß°≈à“«‰¥âπ”¢÷Èπ Website ¢Õß∫√‘…—∑

¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå

§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß¢Õß∫√‘…—∑¡’¿“«–ºŸâπ” ¡’«‘ —¬∑—»πå ·≈–¡’§«“¡‡ªìπÕ‘ √–„π°“√μ—¥ ‘π„®‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑

·≈–ºŸâ∂◊ÕÀÿâπ‚¥¬√«¡ §≥–°√√¡°“√‰¥â¡’ à«π√à«¡„π°“√°”Àπ¥ ·≈–„À⧫“¡‡ÀÁπ™Õ∫‡√◊ËÕß«‘ —¬∑—»πå °≈¬ÿ∑∏å ‡ªÑ“À¡“¬ ·ºπ∏ÿ√°‘® ·≈–ß∫ª√–¡“≥

¢Õß∫√‘…—∑ μ≈Õ¥®π°”°—∫¥Ÿ·≈„ÀâΩÉ“¬®—¥°“√¥”‡π‘π°“√„À⇪ìπ‰ªμ“¡·ºπ∏ÿ√°‘®·≈–ß∫ª√–¡“≥∑’Ë°”À𥉫â

∫√‘…—∑¡’π‚¬∫“¬ à߇ √‘¡„Àâ°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑‡ªìπºŸâ¡’§«“¡√Ÿâ §«“¡ “¡“√∂·≈–»—°¬¿“æ‚¥¬ π—∫ πÿπ„Àâ°√√¡°“√·≈–ºŸâ∫√‘À“√

√–¥—∫ Ÿß¢Õß∫√‘…—∑‡¢â“√à«¡„π°“√Õ∫√¡À≈—° Ÿμ√ Directors Certification Program (çDCPé), À≈—° Ÿμ√ Directors Accreditation Programs (çDAPé) ·≈–

À≈—° Ÿμ√ Audit Committee Program (çACPé) ®—¥‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ (Thai Institute of Directors Association, çIODé)

ªí®®ÿ∫—π¡’°√√¡°“√·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß∑’ˉ¥â√—∫ª√–°“»π’¬∫—μ√¥—ß°≈à“«¢â“ßμâπ ¥—ßπ’È

55

Parties and Creditors 1. Perform any activity strictly in compliance with law, that includes conditions on payments, repayments, and other conditions involved the investors and creditors. 2. Prepare transparent, correct and complete financial report, within specified period, and in compliance with the rules of SET and SEC. Employee 1. Establish justifiable and equal standard of employee recruitments. 2. Provide stability and progresses of work, including training courses, learning opportunities and efficiency developments to the Employees. 3. Give suitable and encouraging remunerations, comparable to other financial Institutes in general. 4. In cases of appointment, transfer, or promotion, the decisions thereof must be done in good faith, based upon the level of knowledge, capacity, suitability and also justifiability. 5. Provide proper and suitable working environment. 6. Develop good relationship with employees, that includes the consideration on employeeûs individuality and human dignity. 7. Publicize the moral advices to each and all employees and supervise their compliance with the existing regulations, rules, disciplines and applied moral standards. Competitors 1. Commercial competition under justifiable and fair frameworks. 2. Shall not acquire competitorûs confidential information by fraud or illegal activity. 3. Shall not discredit competitor reputation by slanderous activities, or take any actions without truth and unfair treatment. Government Sectors Perform in accordance with rules, regulations, and covenants issued by relevant government sectors, such as the Ministry of Finance,the Bank of Thailand, The SEC, and the SET. Society & Community 1. Promote any activities that contributes to the society and community. 2. Refrain from taking any actions that damages the national reputation, natural resources and environments. 3. Refrain from giving any cooperation or support to any persons who operate illegal businesses, or whose conducts are destructive against the social and national security. 4. Instill among the employees of all levels the consciousness of responsibility towards the community and the country as a whole. Such measures need to keep repeated on and on. 5. Take action or control to perform strictly in accordance with relevant laws. Shareholdersû Meeting The Company holds shareholders meetings and treats its shareholders equitably. Procedures for shareholders meeting are in compliance with the SETûs regulations. In the year 2006ûs shareholders meeting, altogether 10 directors were present that included the Chairman of the Board, Chairman of the Nominating and Remuneration Committee, and the Chairman of the Audit Committee. The Chairman of the meeting gave shareholders equal opportunity to examine and question about the Companyûs operations and make recommendations. The main issues were summarized and reported in the Minutes of Meeting. Leadership & Vision The Board and the senior executive management possess leadership and vision and make independent decisions for the best interest of the Company and its shareholders. The Board participated in the discussion and endorsement of the Companyûs vision, strategies, targets, mission plannings, and budget. The Board also ensured that these were efficiently and effectively implemented by the Management in accordance with its plans and fixed budget. The Companyûs policy is to encourage its directors and executives to gain experience, skills, knowledge, and potentiality. Through such policy, these persons had attended the Directorsû Certification Program (DCP) ; the Directors Accreditation Program (DAP) and the Audit Committee Program (ACP), organized by the Thai Institute of Directors Association (IOD). By now, directors and executives who have been recipients of Certificates of Attendances are listed herebelow :

56

™◊ËÕ- °ÿ≈ μ”·Àπàß DCP √ÿàπ∑’Ë DAP √ÿàπ∑’Ë ACP √ÿàπ∑’Ë

1. π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√∫√‘…—∑ - 5/2003 -

2. 𓬫‘»‘…∞å «ß»å√«¡≈“¿ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ 44/2004 14/2004 -

3. √âÕ¬‡Õ°™“≠™—¬ ™“≠™¬»÷° °√√¡°“√ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 19/01/49)

·≈–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π (ªí®®ÿ∫—π) 46/2004 3/2004 -

4. π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 01/01/50) 42/2004 7/2004 -

5. π“¬π√“∏√ «ß»å«‘‡»… °√√¡°“√ (¥”√ßμ”·Àπàß∂÷ß 25/01/49) - 7/2004 -

6. π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ °√√¡°“√·≈–°√√¡°“√μ√«® Õ∫ 41/2004 7/2004 -

7. π“ß≠“¥“ ª√–æ‘≥¡ß§≈°“√ °√√¡°“√ (¥”√ßμ”·Àπàß∂÷ß 19/01/49) 40/2004 50/2005 -

8. 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß °√√¡°“√ ·≈–ª√–∏“π°√√¡°“√μ√«® Õ∫ - 32/2005 5/2005

9. 𓬰”∏√ μ쑬°«’ °√√¡°“√·≈–°√√¡°“√μ√«® Õ∫ 46/2004 3/2003 -

10. 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å °√√¡°“√ ·≈–ª√–∏“π°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß - 27/2004 6/2005

11. 𓬫‘™—¬ ®÷ß√—°‡°’¬√μ‘ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß 05/01/50) 23/2003 - -

12. π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ °√√¡°“√ (¥”√ßμ”·Àπàß 15/02/49 ∂÷ßªí®®ÿ∫—π)

°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/50 ∂÷ßªí®®ÿ∫—π) 28/2003 - -

13. π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ °√√¡°“√ ·≈–ª√–∏“π°√√¡°“√∫√‘À“√

(¥”√ßμ”·Àπàßμ—Èß·μà 08/01/50 › ªí®®ÿ∫—π) 28/2003 - -

14. π“¬¡π—  ·®à¡‡«À“ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√

(¥”√ßμ”·Àπàßμ—Èß·μà 17/01/50 › ªí®®ÿ∫—π) 71/2006 - -

15. 𓬮—°√°ƒ»Ø‘Ï æ“√“æ—π∏°ÿ≈ °√√¡°“√ ·≈–°√√¡°“√∫√‘À“√

(¥”√ßμ”·Àπàßμ—Èß·μà 16/03/50 › ªí®®ÿ∫—π) - 8/2006 5/2005

16. π“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√ °√√¡°“√∫√‘À“√ ·≈–°√√¡°“√ºŸâ®—¥°“√ 42/2004 7/2004 -

17. 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå √Õß°√√¡°“√ºŸâ®—¥°“√  “¬°“√μ≈“¥°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ

·≈–°Õß∑ÿπ à«π∫ÿ§§≈ 45/2004 - -

18. 𓬠ÿπ∑√ æ®πå∏π¡“» √Õß°√√¡°“√ºŸâ®—¥°“√  “¬μ≈“¥°Õß∑ÿπ√«¡ 49/2004 - -

19. 𓬇®…Ø“«—≤πå ‡æ√’¬∫®√‘¬«—≤πå √Õß°√√¡°“√ºŸâ®—¥°“√  “¬∫√‘À“√°Õß∑ÿπ - 39/2005 -

*∫√‘…—∑¡’π‚¬∫“¬®—¥À≈—° Ÿμ√Õ∫√¡¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’·°àºŸâ∫√‘À“√‡æ◊ËÕ„À⺟â∫√‘À“√∑ÿ°∑à“π¡’§«“¡√Ÿâ§«“¡‡¢â“„®·≈–π”‡√◊ËÕß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’‰ª„™â„π°“√ªØ‘∫—μ‘ß“π §«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå ∫√‘…—∑¡’π‚¬∫“¬·≈–¡“μ√°“√∑’Ë™—¥‡®π„π°“√¥Ÿ·≈æπ—°ß“π·≈–ºŸâ∫√‘À“√¡‘„Àâπ”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πμπ ‚¥¬∫√‘…—∑®—¥„Àâ¡’À≈—°‡°≥±å„π‡√◊ËÕߧ«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå·≈–°“√‡°Á∫√—°…“¢âÕ¡Ÿ≈¿“¬„π °“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õßæπ—°ß“π °“√≈ß∑ÿπ„πÀ√◊Õ¡’‰«â´÷ËßÀ≈—°∑√—æ¬åÀ√◊Õ∑√—æ¬å ‘πÕ◊Ëπ‡æ◊ËÕ∫√‘…—∑ ·≈–®√√¬“∫√√≥„π°“√ª√–°Õ∫∏ÿ√°‘® ‡æ◊ËÕ‡ªìπ·π«∑“ß„π°“√ªØ‘∫—μ‘ß“π¢Õßæπ—°ß“π¡‘„À⇰‘¥§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå ·≈–ªÑÕß°—π°“√°√–∑”§«“¡º‘¥°ÆÀ¡“¬‡°’ˬ«°—∫À≈—°∑√—æ¬å ‚¥¬‡©æ“–„π‡√◊ËÕß°“√ ◊ÈÕ¢“¬À≈—°∑√—æ¬å‚¥¬„™â¢âÕ¡Ÿ≈¿“¬„π‡æ◊ËÕª√–‚¬™πåμàÕμπ‡ÕßÀ√◊ÕºŸâÕ◊Ëπ ´÷Ëß„π°“√π’È ∫√‘…—∑Õπÿ≠“μ„Àâæπ—°ß“π “¡“√∂´◊ÈÕ¢“¬À≈—°∑√—æ¬å‡æ◊ËÕμπ‡Õß‚¥¬‡ªî¥∫—≠™’´◊ÈÕ¢“¬‰¥â‡©æ“–°—∫∫√‘…—∑π“¬Àπâ“´◊ÈÕ¢“¬À≈—°∑√—æ¬å∑’Ë∫√‘…—∑°”Àπ¥‡∑à“π—Èπ ·≈–À“°æπ—°ß“πª√– ß§å®–´◊ÈÕÀ√◊Õ¢“¬À≈—°∑√—æ¬å ‚¥¬‡©æ“–Õ¬à“߬‘Ëßæπ—°ß“π∑’Ë¡’ à«π‡°’ˬ«¢âÕß°—∫°“√∫√‘À“√°Õß∑ÿπ ®–μâÕ߇ πÕ„ÀâΩÉ“¬°”°—∫¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π¢Õß∫√‘…—∑Õπÿ¡—μ‘°àÕπ √«¡∑—Èß®–μâÕß®—¥∑”√“¬ß“π°“√∂◊Õ§√ÕßÀ≈—°∑√—æ¬å àß„ÀâΩÉ“¬°”°—∫¥Ÿ·≈

57

Name List Position DCPûs DAPûs ACPûs

Class Class Class

1. Mr. Narongchai Akrasanee Chairman of the Board - 5/2003 -

2. Mr. Visit Vongruamlarp Director and Executive Director 44/2004 14/2004 -

3. Capt. Charnchai Charnchayasuk Director, Executive Director (Until 19 January 2006)

Director of the Nominating and Remuneration Committee 46/2004 5/2003 -

(Present)

4. Mrs. Nongluck Virameteekul Director and Executive Director (Until 01 January 2007) 42/2004 7/2004 -

5. Mr. Narathorn Wongvises Director (Until 25 January 2006) - 7/2004 -

6. Mr.Adison Thanan-narapool Director and Audit Committee 41/2004 7/2004 -

7. Mrs. Yada Prapinmongkolkarn Director (Until 19 January 2006) 40/2004 50/2005 -

8. Mr. Prapan Siriratthamrong Director and Chairman of the Audit Committee - 32/2005 5/2005

9. Mr. Kamthorn Tatiyakavee Director and Audit Committee 46/2004 3/2003 -

10. Mr. Surathian Chakthranont Director and Chairman of Risk Management Committee - 27/2004 6/2005

11. Mr. Wichai Chungrakkiat Director and Executive Director (Until 05 January 2007) 23/2003 - -

12. Mr. Yongyuth Tariyo Director (Since 15 February 2006 › Present)

Executive Director (Since 07 January 2007 › Present) 28/2003 - -

13. Mr. Boonsak Chiempricha Director, Executive Director

(Since 08 January 2007 › Present) 28/2003 - -

14. Mr. Manas Jamveha Director, Executive Director (Since 17 January 2007 › Present) 71/2006 - -

15. Mr. Chakkrit Parapuntakul Director, Executive Director

(Since 16 March 2007 › Present) - 8/2006 5/2005

16. Mr. Pitchit Akrathit Director, Executive Director 42/2004 7/2004 -

17. Mr. Chaibhondh Osataphan Senior Executive Vice President 49/2004 - -

18. Mr. Soontorn Pojthanamas Senior Executive Vice President 45/2004 - -

19. Mr. Jesadavat Priebjrivat Senior Executive Vice President - 39/2005 -

as a policy to hold Training Program on the Good Corporate Governance for executive members, so that all of those attending the program should be more pratically proficient in this field and utilize it in their works. Conflicts of Interest The Company has a clear policy and measures to strictly prevent its management and staff members from using inside information for personal gains. Guidelines have been issued on conflicts of interest and use of inside information, the securities dealing by staff members, the investments or holdings of securities and other assets on behalf of the Company, and the code of business ethics, in order to prevent the occurrences on conflicts of interest, and to prevent violation of securities laws, especially in respect of utilizing inside information for personal or other personsû gains. In this respect, the Company allows its employees to trade for their own accounts by opening accounts with approved brokers only. And if the employees, especially those related to the fund management processes, wish to do so, they must obtain prior approval from the Compliance Department before taking such actions. And they must

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°“√ªØ‘∫—μ‘ß“π πÕ°®“°π’È ∫√‘…—∑¬—ßÀâ“¡æπ—°ß“π∑”°“√ ◊ÈÕ¢“¬À≈—°∑√—æ¬å„π∫—≠™’¢Õßæπ—°ß“π ·≈–/À√◊Õ ∫ÿ§§≈∑’ˇ°’ˬ«¢âÕß ‚¥¬¡’æƒμ‘°√√¡∑’ˇªìπ°“√◊ÈÕ¢“¬À≈—°∑√—æ¬å°àÕπ°“√ ◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß°Õß∑ÿπ (Front Running) Àâ“¡°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å‡æ◊ËÕ°Õß∑ÿπ„¥°Õß∑ÿπÀπ÷Ëß∑’Ë∫√‘À“√ „π∑‘»∑“ßμ√ß

°—π¢â“¡À√◊Õ «π∑“ß°—∫°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß°Õß∑ÿπÕ◊Ëπ¿“¬„μâ°“√∫√‘À“√¢ÕߺŸâ®—¥°“√°Õß∑ÿπ§π‡¥’¬«°—π‚¥¬‰¡à¡’‡Àμÿº≈ (Against Portfolio) ·≈–°“√Àâ“¡´◊ÈÕ¢“¬À≈—°∑√—æ¬å∑’ËÕ¬Ÿà„π∫—≠™’√“¬™◊ËÕÀ≈—°∑√—æ¬å∑’Ë∫√‘…—∑Àâ“¡∑”°“√´◊ÈÕ¢“¬ (Restricted List) ‡æ◊ËÕ°Õß∑ÿπ∑’Ë∫√‘À“√ ‡ªìπμâπ πÕ°®“°π’È ∫√‘…—∑‰¥âªØ‘∫—μ‘μ“¡À≈—°‡°≥±å¢Õßμ≈“¥À≈—°∑√—æ¬å ‚¥¬°“√∑”√“¬°“√®–¡’√“§“·≈–‡ß◊ËÕπ‰¢‡ ¡◊Õπ∑”√“¬°“√°—∫∫ÿ§§≈¿“¬πÕ° (Armûs Length Basis) ·≈–‰¥â¡’°“√‡ªî¥‡º¬√“¬≈–‡Õ’¬¥¢âÕ¡Ÿ≈μà“ß Ê ‰«â„π√“¬ß“πª√–®”ªï·≈–·∫∫· ¥ß√“¬°“√¢âÕ¡Ÿ≈ª√–®”ªï (·∫∫ 56-1) ·≈â« ®√‘¬∏√√¡∑“ß∏ÿ√°‘® ∫√‘…—∑‰¥â®—¥∑”¢âÕ∫—ߧ—∫‡°’ˬ«°—∫°“√∑”ß“π §Ÿà¡◊Õ°“√ªØ‘∫—μ‘ß“π (Compliance Manual) ®√√¬“∫√√≥°“√ª√–°Õ∫∏ÿ√°‘®À≈—°∑√—æ¬å ·≈–°Æ√–‡∫’¬∫°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õßæπ—°ß“π πÕ°‡Àπ◊Õ®“°§Ÿà¡◊Õ∑’Ë®—¥∑”‚¥¬ ¡“§¡∑’ˇ°’ˬ«‡π◊ËÕß°—∫∏ÿ√°‘®À≈—°∑√—æ¬å ´÷Ë߉¥â·°à ®√√¬“∫√√≥°“√®—¥°“√≈ß∑ÿπ·≈–¡“μ√∞“π°“√ª√–°Õ∫«‘™“™’æ°“√®—¥°“√≈ß∑ÿπ¢Õß ¡“§¡∫√‘…—∑®—¥°“√≈ß∑ÿπ ·≈–®√√¬“∫√√≥·≈–À≈—°ªØ‘∫—μ‘«‘™“™’æ°“√«‘‡§√“–Àå ·≈–°“√®—¥°“√≈ß∑ÿπ¢Õß ¡“§¡π—°«‘‡§√“–ÀåÀ≈—°∑√—æ¬å∑’Ë„Àâæπ—°ß“π∫√‘…—∑¬÷¥∂◊Õ‡ªìπ·π«∑“ß„π°“√ªØ‘∫—μ‘Àπâ“∑’˥⫬§«“¡´◊ËÕ —μ¬å  ÿ®√‘μ ·≈–‡∑’ˬß∏√√¡ ∑—Èß„π°“√ªØ‘∫—μ‘μàÕ∫√‘…—∑·≈–ºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ μ≈Õ¥®π “∏“√≥™π·≈– —ߧ¡ ‚¥¬ºŸâ∫√‘À“√·≈–æπ—°ß“π∑’ˇ°’ˬ«¢âÕß∑ÿ°§π‰¥â≈ßπ“¡√—∫∑√“∫·≈–μ°≈ß∑’Ë®–∂◊ժؑ∫—μ‘μ“¡·π«∑“ߥ—ß°≈à“« ∑—Èßπ’È ∫√‘…—∑‰¥âμ‘¥μàÕ ◊ËÕ “√°—∫æπ—°ß“πÕ¬à“ß ¡Ë”‡ ¡Õ·≈–μ‘¥μ“¡°“√ªØ‘∫—μ‘μ“¡·π«∑“ߥ—ß°≈à“«‡ªìπª√–®” √«¡∑—È߉¥â¡’°“√°”Àπ¥∫∑≈ß‚∑…∑“ß«‘𗬄π°√≥’∑’Ë¡’°“√ΩÉ“ΩóπÀ√◊Õ≈–‡≈¬‰¡àªØ‘∫—μ‘μ“¡ ∑—Èßπ’È ∫√‘…—∑‰¥â°”Àπ¥¡“μ√∞“π°“√ªØ‘∫—μ‘μπ∑’Ë¥’ 10 ª√–°“√ ‡æ◊ËÕ„À⺟â∫√‘À“√·≈–æπ—°ß“π¢Õß∫√‘…—∑∑ÿ°§π¬÷¥∂◊Õμ≈Õ¥‡«≈“„π°“√ªØ‘∫—μ‘ß“π„πÀπâ“∑’Ë ¡“μ√∞“π°“√ªØ‘∫—μ‘μπ∑’Ë¥’ 10 ª√–°“√ ‰¥â·°à (1) §«“¡´◊ËÕ —μ¬å ÿ®√‘μ (Integrity) „π°“√ªØ‘∫—μ‘ß“πæπ—°ß“πμâÕߪؑ∫—μ‘ß“π∫πæ◊Èπ∞“π¢Õߧ«“¡´◊ËÕ —μ¬å  ÿ®√‘μ ¡’®√‘¬∏√√¡ ªØ‘∫—μ‘Õ¬à“ß ‡ªìπ∏√√¡μàÕ∑ÿ°ΩÉ“¬ ‰¡à¢—¥μàÕ°ÆÀ¡“¬·≈–»’≈∏√√¡Õ—π¥’ æπ—°ß“π∑ÿ°§πμâÕ߬÷¥À≈—°§«“¡ ”§—≠·≈–ª√–‚¬™πåÕ—π Ÿß ÿ¥¢Õß°Õß∑ÿπ·≈– ≈Ÿ°§â“æ√âÕ¡ Ê °—∫º≈ª√–‚¬™πå¢Õß∫√‘…—∑ (2) ∑—°…– §«“¡√–¡—¥√–«—ß√Õ∫§Õ∫ ·≈–§«“¡¢¬—πÀ¡—Ëπ‡æ’¬√ (Skill, care and diligence) æπ—°ß“π∑ÿ°§πμâÕß„™â«‘®“√≥≠“πÕ¬à“ß √Õ∫§Õ∫ ¡’‡Àμÿº≈„π°“√ªØ‘∫—μ‘ß“π ∑—Èßπ’ȇæ◊ËÕª√–‚¬™πå Ÿß ÿ¥μàÕ°Õß∑ÿπ ≈Ÿ°§â“·≈– —ߧ¡ (3) À≈—°ªØ‘∫—μ‘∑—Ë«‰ª„π∏ÿ√°‘® (Market practice) æπ—°ß“π∑ÿ°§πμâÕߪؑ∫—μ‘Àπâ“∑’Ëμ“¡¡“μ√∞“π∑’ˬա√—∫°—π∑—Ë«‰ª ´÷Ëß√«¡∑—Èß°“√ªØ‘∫—μ‘ μ“¡√–‡∫’¬∫ À≈—°‡°≥±åÀ√◊Õ¡“μ√∞“π„¥ Ê ∑’ˇ°’ˬ«¢âÕß (4) ¢âÕ¡Ÿ≈‡°’ˬ«°—∫≈Ÿ°§â“ (Information about customers) „π°“√„Àâ∫√‘°“√·°à≈Ÿ°§â“ æπ—°ß“πμâÕß¡’¢âÕ¡Ÿ≈‡°’ˬ«°—∫≈Ÿ°§â“∑’˧√∫∂â«π ·≈–‡æ’¬ßæÕ ‡æ◊ËÕ∑√“∫∂÷ß ∂“π¿“æ·≈–«—μ∂ÿª√– ß§å¢Õß≈Ÿ°§â“ ·≈– “¡“√∂„À⧔·π–π”„π∫√‘°“√·μà≈–ª√–‡¿∑„Àâ·°à≈Ÿ°§â“‰¥âÕ¬à“ß ‡À¡“– ¡ (5) ¢âÕ¡Ÿ≈ ”À√—∫≈Ÿ°§â“ (Information for customers) „π°“√μ—¥ ‘π„®≈ß∑ÿπ „À⧔·π–π”À√◊Õ°√–∑”°“√„¥Ê ‡æ◊ËÕª√–‚¬™πå¢Õß≈Ÿ°§â“ ∫√‘…—∑®–μâÕß¡’¢âÕ¡Ÿ≈∑’˧√∫∂â«π ‡À¡“– ¡ ∑—π‡«≈“·≈–‡ ¡Õ¿“§°—∫≈Ÿ°§â“∑ÿ°√“¬ πÕ°®“°π’È ∫√‘…—∑®–μâÕß„Àâ¡’°“√®—¥‡°Á∫¢âÕ¡Ÿ≈‡Õ° “√ À≈—°∞“π∑’ˇ°’ˬ«¢âÕß ‡æ◊ËÕ‡ªìπÀ≈—°∞“π π—∫ πÿπ„π°“√°√–∑”„¥Ê «à“¡’§«“¡™—¥‡®π ·≈–‚ª√àß„  (6) §«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå (Conflicts of interest) „π°“√¥”‡π‘π°“√„¥ Ê ¢Õß∫√‘…—∑Õ¬Ÿà∫πæ◊Èπ∞“π¢Õß°“√‰¡à°àÕ„À⇰‘¥§«“¡ ¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå À√◊Õ¡’æƒμ‘°“√≥å„Àâ ß —¬‰¥â«à“®–‡°‘¥§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå À“°®–‡°‘¥¢÷Èπ‚¥¬‰¡à “¡“√∂À≈’°‡≈’ˬ߉¥â ∫√‘…—∑®–¬÷¥À≈—°°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‚¥¬‡§√àߧ√—¥ (7) °“√‡°Á∫√—°…“∑√—æ¬å ‘π¢Õß≈Ÿ°§â“ (Client assets) „π°√≥’∑’ËμâÕß®—¥‡°Á∫∑√—æ¬å ‘π¢Õß≈Ÿ°§â“ ∫√‘…—∑®–®—¥‡°Á∫√—°…“∑√—æ¬å ‘π‰«â „π ∂“π∑’Ë∑’˪≈Õ¥¿—¬ ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’ˇ撬ßæÕ·≈–‡À¡“– ¡ Õ’°∑—Èß¡’°“√·¬°∑√—æ¬å ‘π¢Õß≈Ÿ°§â“ÕÕ°®“°∑√—æ¬å ‘π¢Õß ∫√‘…—∑ ‚¥¬ “¡“√∂√–∫ÿ∑√—æ¬å ‘π∑’ˇªìπ¢Õß≈Ÿ°§â“·μà≈–√“¬ ¡’°“√·∫àß·¬°Àπâ“∑’ËÕ¬à“ß™—¥‡®π√–À«à“ߺŸâ∫—π∑÷°¢âÕ¡Ÿ≈°—∫ºŸâ®—¥‡°Á∫√—°…“ ·≈– ¡’°“√μ√«® Õ∫§«“¡§√∫∂â«π∂Ÿ°μâÕßÕ¬à“ß ¡Ë”‡ ¡Õ (8) ‡ß‘π∑ÿπ (Financial resources) ∫√‘…—∑„π∞“π–∫√‘…—∑®—¥°“√≈ß∑ÿπ¡’Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫„π°“√¥”√ß ¿“æ§≈àÕß∑“ß°“√‡ß‘π ¢Õß°Õß∑ÿπ¿“¬„μâ°“√∫√‘À“√¢Õß∫√‘…—∑„ÀâÕ¬Ÿà„π√–¥—∫∑’ˇÀ¡“– ¡‡æ’¬ßæÕ∑’Ë®–√—∫§«“¡‡ ’ˬß∑’ËÕ“®®–‡°‘¥¢÷Èπ®“°°“√≈ß∑ÿπ ·≈–‰¡à°àÕ ¿“√–ºŸ°æ—π„¥ Ê ·°à°Õß∑ÿπ  ”À√—∫°“√∫√‘À“√‡ß‘π∑ÿπ¢Õß∫√‘…—∑ ∫√‘…—∑®–μâÕߥ”√ß ¿“æ§≈àÕß∑“ß°“√‡ß‘π∑’ˇ撬ßæÕ∑’Ë®–√—∫¿“√–ºŸ°æ—π ®“°°“√¥”‡π‘π∏ÿ√°‘® °“√≈ß∑ÿ𠧫“¡‡ ’ˬß∑’ËÕ“®‡°‘¥¢÷Èπ ·≈–®—¥„Àâ¡’‡ß‘π∑ÿπ·≈–°“√∫√‘À“√‡ß‘π∑ÿπ∑’Ë¥’ (9) °“√®—¥Õߧå°√·≈–°“√§«∫§ÿ¡¿“¬„π (Internal organization) ∫√‘…—∑μâÕߥ”‡π‘π°“√„Àâ¡’°“√®—¥°“√·≈–§«∫§ÿ¡°“√∫√‘À“√ß“π ¿“¬„π¢Õß∫√‘…—∑∑’Ë¥’ ¡’°“√®—¥‡°Á∫‡Õ° “√À≈—°∞“π ·≈–°“√¡Õ∫À¡“¬ß“π∑’Ë™—¥‡®π πÕ°®“°π’Ȭ—ßμâÕß®—¥„Àâ¡’°“√Ωñ°Õ∫√¡·≈–°“√°”°—∫ ¥Ÿ·≈„Àâ¡’°“√ªØ‘∫—μ‘Àπâ“∑’Ëμ“¡√–‡∫’¬∫∑’Ë°”À𥉫â

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prepare and report their securities holdings to the Compliance Department. In addition, front Running, trading against portfolio and trading securities listed in the Companyûs Restricted List by employees for their own accounts and/or connected persons are prohibited. Moreover, the Company has always complied with the Stock Exchange of Thailandûs Regulations. Transactions were executed on conditions similar to that condition of Arm Length Basis, and details thereof are disclosed in the annual report and in the Form 56-1. Code of Business Conducts The Companyûs Regulations, Compliance Manual, and Code of Securities business and regulations on employeeûs securities trading were adopted apart from the handbooks published by Associations related with Securities Businesses, such as the Investment Management Code and the Code of Conduct for Fund Manager stipulated by the Association of Investment Management Companies, also including the Code and principles for Professional Analysts set up by the Securities Analysts Association These are aimed as guidelines for employees to perform their duties with honesty, integrity and equity while servicing the Company, as well as each and all stakeholders together with the general public and the society. The Companyûs executives and employees concerned have signed their acknowledgement and agreed to comply with these guidelines. Regular communications between Company and the employees take place with regular follow-ups. Penalties were set up for non-compliance or violation of such guidelines. There are 10 standard guidelines for the executives and employees to perform their duties, as follows :- (1) Integrity : Employees shall perform their duties based upon the background of honesty, morality, impartial responses to all concerned including complying with laws and public moral. All employees shall take the important concern and best benefit for the Fund and the clients as well as the Companyûs benefit. (2) Skill, Care and Diligence : Careful judgments and reasonability are required of the employees at their duty performances, aiming at the best benefit for the Fund, the clients and the society in general. (3) Market Practice : Duty performances by the employees should comply with the acceptable general standard, that includes compliances to the rules, criteria and any related standards. (4) Information about Customers : Upon servicing the clients, the employees should maintain sufficient and complete information in order to get clear understanding and objectives of the clients so, they can provide clients appropriate advice for each of any category of service (5) Information for Customers : In making investment decisions, providing advices or taking any actions for the benefit of the clients, the Company shall maintain complete, appropriate, up-to-date and equitable information for all clients. Moreover, it is necessary to establish good filing system where data and related information are maintained as evidences to support clear and transparent activities (6) Conflicts of Interest : The Company must always perform any actions on the basis of avoiding conflicts of interest, or to refrain from perform any actions that are likely to cause the conflicts of interests. However, if such happenings are unavoidable the Company will strictly comply with the disclosed principles concerned. (7) Client assets : In case client assets maintenance is to be done, the Company has to keep it in a safe place, with sufficient and appropriate internal control system separately from other assets of the Company. Each of the client assets can be clearly specified. In addition the Company shall separate the function of recorder and keeper and regular checking is to be carried out from time to time. (8) Financial Resources : In the capacity of asset management company, the Companyûs duties and responsibility involve the maintenance of the financial liquidity of the Fund under its management to be at the sufficient level against the probable risks that might be incurred from investment as well as shall not create any encumbrance on the fund. Upon the Companyûs capital management, the Company must maintain the sufficiency of its financial liquidity enough to cope with its business obligations, its investments and its probable risk. The Company must provide sufficient amount of capital and capable fund management. (9) Internal organization : The Company must take steps to set up proper management and internal control of organization, equipped with proper filing system of important documents, and also clear and understandable assignments. Moreover, it is necessary to hold training courses and monitoring the duty performances in compliance with the established rules and regulations. (10) Relations with Regulators : The Company has to cooperate with the Regulators concerned. And in case any disclosures or explanations are expectable, the Regulators must be immediately informed accordingly.

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(10) §«“¡ —¡æ—π∏å°—∫Õߧå°√°”°—∫¥Ÿ·≈ (Relations with regulators) ∫√‘…—∑®–μâÕß„À⧫“¡√à«¡¡◊ÕμàÕÕߧå°√°”°—∫¥Ÿ·≈∑’ˇ°’ˬ«¢âÕß ·≈– „π°√≥’∑’˧“¥«à“®–μâÕß¡’°“√‡ªî¥‡º¬À√◊Õ™’È·®ß„¥Ê ∫√‘…—∑®–√“¬ß“πμàÕÕߧå°√°”°—∫¥Ÿ·≈„π∑—π∑’ À≈—°°“√¥—ß°≈à“«¢â“ßμâπ‰¥â°”Àπ¥‰«â ”À√—∫æπ—°ß“π¢Õß∫√‘…—∑∑ÿ°§π ‡æ◊ËÕ„™â„π°“√ªØ‘∫—μ‘ ß“πμ“¡Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫∑’ˉ¥â√—∫¡Õ∫À¡“¬ æπ—°ß“π®–μâÕߪؑ∫—μ‘μ“¡À≈—°°“√π’È√«¡∑—Èß√–‡∫’¬∫ °Æ‡°≥±å∑’Ë°”À𥂥¬Õߧå°√°”°—∫¥Ÿ·≈ ‡™àπ  ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ∏𓧓√·Ààߪ√–‡∑»‰∑¬ μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬  ”π—°ß“πªÑÕß°—π·≈–ª√“∫ª√“¡°“√øÕ°‡ß‘π ·≈– ¡“§¡«‘™“™’æμà“ßÊ ‡ªìπμâπ πÕ°®“°π’È ∫√‘…—∑‰¥â°”Àπ¥À≈—°®√‘¬∏√√¡¢Õ߇®â“Àπâ“∑’Ë¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π (Code of Ethics of Compliance Officer) ‰«â¥—ßπ’È 1. μâÕßμ—Èß¡—ËπÕ¬Ÿà„𧫓¡ ◊ËÕ —μ¬å ÿ®√‘μ ¡’»’≈∏√√¡ ª√“»®“°Õ§μ‘ à«πμ—« ·≈–ªØ‘∫—μ‘Àπâ“∑’˥⫬§«“¡¢¬—πÀ¡—Ëπ‡æ’¬√ ‡μÁ¡§«“¡√Ÿâ§«“¡ “¡“√∂ ·≈–¡’§«“¡√—∫º‘¥™Õ∫ 2. μâÕß¡’§«“¡®ß√—°¿—°¥’μàÕ∫√‘…—∑ ·μà®–‰¡à°√–∑”º‘¥°ÆÀ¡“¬À√◊ժؑ∫—μ‘μπº‘¥»’≈∏√√¡Õ—π¥’ 3. μâÕ߉¡à‡°’ˬ«¢âÕß°—∫°“√°√–∑”À√◊Õ°‘®°√√¡„¥Ê Õ—π®–𔉪 Ÿà§«“¡‡ ◊ËÕ¡‡ ’¬‡°’¬√쑬»™◊ËÕ‡ ’¬ß¢Õß∫√‘…—∑ 4. μâÕ߉¡à°√–∑”°“√„¥Ê Õ—π𔉪 Ÿà§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå (Conflict of Interest) °—∫°Õß∑ÿπ ≈Ÿ°§â“·≈–À√◊Õ∫√‘…—∑ Õ—πÕ“®π”‰ª Ÿà §«“¡¡’Õ§μ‘ ∑”„À≡ࠓ¡“√∂ªØ‘∫—μ‘Àπâ“∑’˥⫬®‘μ„®‡ªìπÕ‘ √–·≈–§«“¡‡∑’ˬß∏√√¡‰¥â 5. μâÕ߉¡à√—∫ ‘ËߢÕß¡’§à“ À√◊Õº≈ª√–‚¬™πå„¥Ê ®“°‡æ◊ËÕπæπ—°ß“π ≈Ÿ°§â“ §Ÿà§â“À√◊Õ§Ÿà —≠≠“ ´÷ËßÕ“®¡’º≈°√–∑∫μàÕ°“√„™â¥ÿ≈¬æ‘π‘®·≈–°“√ μ—¥ ‘π„®„π°“√ªØ‘∫—μ‘ß“π À√◊Õ∑”„À⧫“¡‡ªìπÕ‘ √–‡∑’ˬß∏√√¡≈¥πâÕ¬≈ß 6. μâÕß√—°…“§«“¡≈—∫¢Õß°Õß∑ÿπ ≈Ÿ°§â“·≈–À√◊Õ∫√‘…—∑∑’Ë≈à«ß√Ÿâ®“°°“√∑”ß“π„πÀπâ“∑’Ë ·≈–‰¡à𔧫“¡≈—∫‰ªÀ“ª√–‚¬™πå à«πμ—«À√◊Õ∫ÿ§§≈ ∑’ˇ°’ˬ«¢âÕß À√◊Õ°√–∑”°“√„¥Õ—π‡ªìπ°“√¢—¥º≈ª√–‚¬™πå¢Õß°Õß∑ÿπ ≈Ÿ°§â“·≈–À√◊Õ∫√‘…—∑ À√◊Õ¢—¥μàÕ°ÆÀ¡“¬ 7. μâÕß√“¬ß“π¢âÕ‡∑Á®®√‘ß∑’Ë¡’π—¬ ”§—≠®“°°“√ªØ‘∫—μ‘ß“πμàÕºŸâ∫—ߧ—∫∫—≠™“ ‚¥¬‡©æ“–Õ¬à“߬‘ËßÀ“°°“√‰¡à√“¬ß“π¢âÕ¡Ÿ≈π’È®–¡’º≈μàÕ°“√ ¥”‡π‘πß“π¢Õß°Õß∑ÿπ ≈Ÿ°§â“·≈–À√◊Õ∫√‘…—∑ À√◊Õ‡ªìπ°“√ª°ªî¥°“√°√–∑”º‘¥°ÆÀ¡“¬ 8. μâÕß„ΩÉÀ“§«“¡√Ÿâ·≈–ª√—∫ª√ÿß«‘∏’°“√∑”ß“π¢Õßμπ„Àâ¡’§«“¡‡™’ˬ«™“≠ ª√– ‘∑∏‘¿“æ ·≈–¡’§ÿ≥¿“æÕ¬à“ß ¡Ë”‡ ¡Õ °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’ˉ¡à‡ªìπºŸâ∫√‘À“√ §≥–°√√¡°“√∫√‘…—∑¡’®”π«π 12 ∑à“π ª√–°Õ∫¥â«¬ °√√¡°“√∑’ˇªìπºŸâ∫√‘À“√ 1 ∑à“π °√√¡°“√∑’ˉ¡à‡ªìπºŸâ∫√‘À“√ 7 ∑à“π °√√¡°“√Õ‘ √–* 4 ∑à“𠧑¥‡ªìπ 1 „π 3 ¢Õß°√√¡°“√∑—Èߧ≥– „πªï 2549 ∑’˪√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‰¥âæ‘®“√≥“Õπÿ¡—μ‘„Àâ¡’°√√¡°“√Õ‘ √–„Àâ¡’®”π«π 1 „π 3 ¢Õß°√√¡°“√∑—Èߧ≥– *∑—Èßπ’È À≈—°‡°≥±å·≈–§ÿ≥ ¡∫—μ‘¢Õß°√√¡°“√Õ‘ √– ∫√‘…—∑‰¥â°”Àπ¥À≈—°‡°≥±åμ“¡ª√–°“»¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–ª√–°“»¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ °√√¡°“√Õ‘ √– À¡“¬∂÷ß °√√¡°“√∑’ˇªìπÕ‘ √–®“°ºŸâ∂◊ÕÀÿâπ√“¬„À≠à À√◊Õ°≈ÿà¡¢ÕߺŸâ∂◊ÕÀÿâπ√“¬„À≠à ‚¥¬Õ“®‡ªìπ°√√¡°“√∑’Ë¡’Õ”π“®≈ßπ“¡μ“¡Àπ—ß ◊Õ√—∫√ÕߢÕß°√¡æ—≤π“∏ÿ√°‘®°“√§â“ °√–∑√«ßæ“≥‘™¬å ·μà‰¡à¡’Õ”π“®„π°“√∫√‘À“√ §ÿ≥ ¡∫—μ‘ 1.1 ∂◊ÕÀÿâπ‰¡à‡°‘π 5%¢Õß®”π«πÀÿâπ∑’Ë¡’ ‘∑∏‘ÕÕ°‡ ’¬ß∑—ÈßÀ¡¥„π∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ À√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß (π—∫√«¡ ∫ÿ§§≈∑’ˇ°’ˬ«¢âÕßμ“¡¡“μ√“ 258 μ“¡°ÆÀ¡“¬À≈—°∑√—æ¬å) 1.2 ‰¡à¡’ à«π√à«¡„π°“√∫√‘À“√ß“π √«¡∑—È߉¡à‡ªìπ≈Ÿ°®â“ß æπ—°ß“π ∑’˪√÷°…“∑’ˉ¥â√—∫‡ß‘π‡¥◊Õπª√–®” ®“°∫√‘…—∑ À√◊Õ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ À√◊Õ‡ªìπ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß ‚¥¬μâÕ߉¡à¡’º≈ª√–‚¬™πåÀ√◊Õ à«π‰¥â‡ ’¬„π≈—°…≥–¥—ß°≈à“«¡“·≈⫇ªìπ‡«≈“‰¡àπâÕ¬°«à“ 1 ªï 1.3 ‰¡à¡’§«“¡ —¡æ—π∏å∑“ß∏ÿ√°‘® ‰¡à¡’º≈ª√–‚¬™πåÀ√◊Õ à«π‰¥â‡ ’¬ ‰¡à«à“∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ ∑—Èß„π¥â“π°“√‡ß‘π·≈–°“√∫√‘À“√ß“π¢Õß∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ À√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß„π≈—°…≥–∑’Ë®–∑”„À⢓¥§«“¡‡ªìπÕ‘ √– 1.4 ‰¡à‡ªìπ≠“μ‘ π‘∑°—∫ºŸâ∫√‘À“√ ºŸâ∂◊ÕÀÿâπ√“¬„À≠à¢Õß∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡À√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß ·≈–‰¡à‰¥â√—∫°“√·μàß μ—Èß„À⇪ìπμ—«·∑π‡æ◊ËÕ√—°…“º≈ª√–‚¬™πå¢Õß°√√¡°“√ ºŸâ∂◊ÕÀÿâπ√“¬„À≠à 1.5 æ√âÕ¡∑’Ë®–„™â¥ÿ≈¬æ‘π‘®¢ÕßμπÕ¬à“߇ªìπÕ‘ √– ·≈–„π°√≥’∑’Ë®”‡ªìπ‡æ◊ËÕº≈ª√–‚¬™πå¢Õß∫√‘…—∑ æ√âÕ¡∑’Ë®–§—¥§â“π°“√°√–∑”¢Õß°√√¡°“√ Õ◊Ëπ Ê À√◊Õ¢ÕßΩÉ“¬®—¥°“√ 1.6  “¡“√∂‡¢â“√à«¡°“√ª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑‡æ◊ËÕμ—¥ ‘π„®„π°‘®°√√¡∑’Ë ”§—≠¢Õß∫√‘…—∑ 1.7 ¡’§«“¡√Ÿâ·≈–ª√– ∫°“√≥å∑’ˇÀ¡“– ¡ À√◊Õ‡ªìπºŸâ¡’»—°¬¿“æ Ÿß·≈–‡ªìπ∑’ˬա√—∫

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The aforementioned principle is applicable with each and all employees for their performance under assigned responsibility. Apart from that they must also observe the rules and regulations issued by the Regulator organizations, such as the Office of Securities Exchange Committee, the Bank of Thailand, the Securities Exchange of Thailand, the Money Laundry Prevention and Suppression Office, and other related professional associations. Moreover, the Code of Ethics of Compliance Officers has been established as follows : 1) They must be unwaveringly honest and trustworthy free from individual bias, and energetically hard working at full capacity, with full awareness of their responsibility. 2) Their loyalty towards the Company is necessary while they must avoid any illegal or immoral practice. 3) They must not involve in any actions or movements that may lead to damaging the prestige and reputation of the Company. 4) They must refrain from involvement in any actions that lead to Conflict of Interest against the Fund or clients or the Company, that might lead to prejudicial concepts making inability to perform duty with freedom and fairness. 5) They must not accept any valuables or any forms of benefit from their colleagues, clients, business partners or contract parties, that might affect their discretion concepts and their decisions during performance of duty, or that might lead to minimized freedom of fair judgment. 6) They are to keep confidential the information related with the Fund, the clients, and/or the Company that incidentally are revealed through duty performances, and will not utilize such confidential information for personal or related person benefits ; or to take any actions that might bring Conflicts of Interest to the Fund, the clients and/or the Company, or actions that are unlawful. 7) To report immediate supervisor the material facts obtained during duty performances, especially if failure to report thereof it will affect the fundûs operation, the clients and/or the Companyûs ; or otherwise it may be taken as a concealment of illegal actions. 8) It is recommended that the employees should always have a zest for learnings and for regularly improving their duty performances, in order to gain more experiences, efficiency and qualification improvement. Balance of Power for Non-Executive Directors The Board of Directors consists of 12 members of the Company consisting of : 1 Executive director 7 Non-Executive directors 4 Independent directors, forming 1/3 of the total number In the year 2006 at the shareholdersû meeting, number of independent directors was decided at 1/3 of the total director members. çUpon establishing the rules and qualifications of the Independent Directors, the Company referred to the relevant Notifications issued by the office of Securities and Exchange Commission, Thailand and The Stock Exchange of Thailand. Independent Directors : means director who are independent from any of the major shareholders or groups of major shareholders, they may be authorized directors as shown in the companyûs affidavit issued by the Trade Development Department, Ministry of Commerce, but have no administrative authority. Qualifications : 1.1 They can own not more than 5% of the total numbers of shareholders with the right to vote in the Company, in its affiliated companies, in joint venture companies ; or any individuals who might have any conflict (this includes connected persons as stipulated by Section 258 of the Securities Law). 1.2 They neither have any involvement in the Companyûs management ; nor being employees, staff members, or consultants who obtain regular salaries, nor persons who might cause conflicts, and they do not share any benefits or interests of the aforementioned natures for at least one year. 1.3 Neither direct or indirect business relationships, benefits nor interest, have ever been involved by them, in the financial section and in the Companyûs management, or in the affiliated companies, in the joint venture companies. Not any persons who might pose some conflicts that might lose the independent nature shall be involved. 1.4 They have no family connection with the executives, the major shareholders of the Company or its affiliates, its joint venture companies, or persons who might have any conflicts, and are not nominated as attorney of the directors major shareholders. 1.5 They are ready to provide their own liberty discretions. In case of necessity In order to protect the benefit of the Company, ready to vote or protest against other directors or Management performances. 1.6 Are ready to attend the Board of directors meeting to make any decisions on the Companyûs major events. 1.7 Are academically qualified and equipped with proper experiences; or are recognized for their high potentialities and proper experiences.

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°“√√«¡À√◊Õ·¬°μ”·Àπàß

„πªï 2549 ª√–∏“π°√√¡°“√‡ªìπ°√√¡°“√Õ‘ √– ·≈–ª√–∏“π°√√¡°“√¡‘‰¥â‡ªìπ∫ÿ§§≈‡¥’¬«°—π°—∫°√√¡°“√ºŸâ®—¥°“√ ∑—Èßπ’È ‡æ◊ËÕ¥Ÿ·≈º≈

ª√–‚¬™πå¢Õß∑ÿ°ΩÉ“¬Õ¬à“߇ªìπ∏√√¡·≈–‡ªìπ°“√·∫àß·¬°Àπâ“∑’Ë„π°“√°”Àπ¥π‚¬∫“¬°“√°”°—∫¥Ÿ·≈·≈–Àπâ“∑’Ë„π°“√∫√‘À“√ß“πÕÕ°®“°°—π

ª√–°Õ∫°—∫‚§√ß √â“ߧ≥–°√√¡°“√¢Õß∫√‘…—∑ª√–°Õ∫¥â«¬°√√¡°“√∑’ˉ¡à‡ªìπºŸâ∫√‘À“√·≈–°√√¡°“√Õ‘ √–¡“°°«à“°√√¡°“√∑’ˇªìπºŸâ∫√‘À“√ ÷Ëß∑”„Àâ

‡°‘¥°“√∂à«ß¥ÿ≈·≈–°“√ Õ∫∑“π°“√∫√‘À“√

§à“μÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√

§à“μÕ∫·∑π°√√¡°“√ : ∫√‘…—∑‰¥â°”Àπ¥π‚¬∫“¬§à“μÕ∫·∑π°√√¡°“√‰«âÕ¬à“ß™—¥‡®π·≈–‚ª√àß„  ‚¥¬§à“μÕ∫·∑πÕ¬Ÿà„π√–¥—∫∑’ˇÀ¡“– ¡

·≈–‰¥â¢ÕÕπÿ¡—μ‘®“°∑’˪√–™ÿ¡ºŸâ∂◊ÕÀÿâπ·≈â«

„πªï 2549 ∫√‘…—∑®à“¬§à“μÕ∫·∑π·°à§≥–°√√¡°“√∫√‘…—∑ ∑’ˉ¥â√—∫„π√Ÿª§à“‡∫’Ȭª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–‚∫π—  ‡ªìπ¥—ßπ’È

§à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√∫√‘…—∑

„πªï 2549 §à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√∫√‘…—∑∑’ˉ¥â√—∫„π√Ÿª§à“‡∫’Ȭª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–‚∫π—  ‡ªìπ¥—ßπ’È

Õ—π¥—∫ √“¬™◊ËÕ§≥–°√√¡°“√ μ”·Àπàß ∫”‡ÀπÁ® ‚∫π— °√√¡°“√ ª√–®”ªï 2548 √«¡

‡∫’Ȭª√–™ÿ¡ (∫“∑/ªï) (∫“∑/ªï)

1 π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√ 408,000.00 160,000.00 204,320.00 797,320.00

ª√–∏“π°√√¡°“√∫√‘À“√ 25,000.00

(¥”√ßμ”·Àπàß∂÷ß 25/01/49)

2 π“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√ 204,000.00 120,000.00 102,163.00 576,163.00

°√√¡°“√∫√‘À“√ 150,000.00

3 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß °√√¡°“√ 204,000.00 120,000.00 102,163.00 426,163.00

ª√–∏“π°√√¡°“√μ√«® Õ∫

4 π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ °√√¡°“√ 204,000.00 120,000.00 102,163.00 426,163.00

°√√¡°“√∫√‘À“√ 150,000.00

(¥”√ß∑—Èß 2 μ”·Àπàß∂÷ß 01/01/50)

5 𓬫‘»‘…∞å «ß»å√«¡≈“¿ °√√¡°“√ 204,000.00 120,000.00 102,163.00 576,163.00

°√√¡°“√∫√‘À“√ 150,000.00

6 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å °√√¡°“√ 204,000.00 120,000.00 102,163.00 426,163.00

°√√¡°“√∫√‘À“√§«“¡‡ ’ˬß

7 π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ °√√¡°“√ 204,000.00 120,000.00 102,163.00 426,163.00

°√√¡°“√μ√«® Õ∫

8 𓬰”∏√ μ쑬°”∏√ °√√¡°“√ 204,000.00 120,000.00 68,106.00 392,106.00

°√√¡°“√μ√«® Õ∫

9 π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï °√√¡°“√ 204,000.00 120,000.00 51,080.00 375,080.00

°√√¡°“√∫√‘À“√ 150,000.00

(¥”√ß∑—Èß 2 μ”·Àπàß∂÷ß 07/01/50)

10 𓬰√æ®πå Õ—»«‘π«‘®‘μ√ °√√¡°“√ 187,000.00 110,000.00 - 572,000.00

ª√–∏“π°√√¡°“√∫√‘À“√

(¥”√ßμ”·Àπàß∂÷ß 07/01/50) 275,000.00

11 π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ °√√¡°“√ 187,000.00 110,000.00 - 297,000.00

12 𓬫‘™—¬ ®÷ß√—°‡°’¬√μ‘ °√√¡°“√ 187,000.00 110,000.00 - 434,500.00

°√√¡°“√∫√‘À“√ 137,500.00

(¥”√ß∑—Èß 2 μ”·Àπàß∂÷ß 05/01/50)

63

Aggregation or segregation of positions In the year 2006 the Chairman of the Board was an Independent Director, who was not the same individual person to the President. This is meant for justifiable supervision for the equal benefit to each and all concerned., and complying with the principle of segregation of roles in policy formulation and oversight from those in operation management Besides, the majority of non-executive director and independent Director, resulting in the balance of power and possible verification of the business administration. Remunerations of Directors and Management Remuneration of Directors : The Company has established a clarifiable policy of remuneration at proper rate to directors, this has obtained the approval of the Shareholderûs resolution. In the year 2006, the Companyûs record of remuneration payments to the directors as shown in the accompanying table.

Board of Directors Remuneration In 2006, the Board of Directors received remuneration, allowances and bonuses as shown in the accompanying table

No. Name Position Allowance Remuneration Bonus for 2006 Total

(Baht/Year) (Baht/Year)

1 Mr. Narongchai Akrasanee Chairman of the Board (Present) 408,000.00 160,000.00 204,320.00 797,320.00

Chairman of the Executive Committee 25,000.00

(Until 25 January 2007)

2 Mr. Pitchit Akrathit Director 204,000.00 120,000.00 102,163.00 576,163.00

Executive Director 150,000.00

3 Mr. Prapan Siriratthamrong Director 204,000.00 120,000.00 102,163.00 426,163.00

Chairman of the Audit Committee

4 Mrs. Nongluck Virameteekul Director 204,000.00 120,000.00 102,163.00 426,163.00

Executive Director 150,000.00

(Until 01 January 2007)

5 Mr. Visit Vongruamlarp Director 204,000.00 120,000.00 102,163.00 576,163.00

Executive Director 150,000.00

6 Mr. Surathian Chakthranont Director 204,000.00 120,000.00 102,163.00 426,163.00

Chairman of Risk Management

7 Mr. Adison Thanan-narapool Director 204,000.00 120,000.00 102,163.00 426,163.00

Audit Committee

8 Mr. Kamthorn Tatiyakavee Director 204,000.00 120,000.00 68,106.00 392,106.00

Audit Committee

9 Mr. Tee-Ra Witwutisak Director 204,000.00 120,000.00 51,080.00 375,080.00

Executive Director 150,000.00

(Until 07 January 2007)

10 Mr. Goanpot Asvinvichit Director 187,000.00 110,000.00 - 572,000.00

Chairman of the Executive Committee 275,000.00

(Until 07 January 2007)

11 Mr. Yongyuth Tariyo Director 187,000.00 110,000.00 - 297,000.00

12 Mr. Wichai Chungrakkiat Director 187,000.00 110,000.00 - 434,500.00

Executive Director 137,500.00

(Until 05 January 2007)

64

Õ—π¥—∫ √“¬™◊ËÕ§≥–°√√¡°“√ μ”·Àπàß ∫”‡ÀπÁ® ‚∫π— °√√¡°“√ ª√–®”ªï 2548 √«¡

‡∫’Ȭª√–™ÿ¡ (∫“∑/ªï) (∫“∑/ªï)

13 π“ß≠“¥“ ª√–æ‘≥¡ß§≈°“√ °√√¡°“√ - - 102,163.00 102,163.00

(¥”√ßμ”·Àπàß∂÷ß 19/01/49)

14 π“¬π√“∏√ «ß»å«‘‡»… °√√¡°“√ - - 51,080.00 51,080.00

(¥”√ßμ”·Àπàß∂÷ß 25/01/49)

√«¡ 3,638,500.00 1,450,000.00 1,089,727.00 5,878,227.00

§à“μÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸâ∑√ߧÿ≥«ÿ≤‘¿“¬πÕ°∑’Ë¥”√ßμ”·Àπàß„πÕπÿ°√√¡°“√™ÿ¥μà“ßÊ ¡’¥—ßπ’È

§à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√μ√«® Õ∫

„πªï 2549 §à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√μ√«® Õ∫∑’ˉ¥â√—∫„π√Ÿª§à“‡∫’Ȭª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–‚∫π—  ‡ªìπ¥—ßπ’È

Õ—π¥—∫ √“¬™◊ËÕ§≥–°√√¡°“√ μ”·Àπàß ∫”‡ÀπÁ® ‚∫π— °√√¡°“√ ª√–®”ªï 2548 √«¡

‡∫’Ȭª√–™ÿ¡ (∫“∑/ªï) (∫“∑/ªï)

1 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß ª√–∏“π°√√¡°“√μ√«® Õ∫ 264,000.00 - - -

2 π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ °√√¡°“√μ√«® Õ∫ 150,000.00 - - -

3 𓬰”∏√ μ쑬°”∏√ °√√¡°“√μ√«® Õ∫ 150,000.00 - - -

√«¡ 564,000.00 - - -

§à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

„πªï 2549 §à“μÕ∫·∑π¢Õߧ≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π∑’ˉ¥â√—∫„π√Ÿª§à“‡∫’Ȭª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–‚∫π—  ‡ªìπ¥—ßπ’È

Õ—π¥—∫ √“¬™◊ËÕ§≥–°√√¡°“√ μ”·Àπàß ∫”‡ÀπÁ® ‚∫π— °√√¡°“√ ª√–®”ªï 2548 √«¡

‡∫’Ȭª√–™ÿ¡ (∫“∑/ªï) (∫“∑/ªï)

1 π“¬¡“√«¬ º¥ÿß ‘∑∏‘Ï ª√–∏“π°√√¡°“√ √√À“·≈–

°”Àπ¥§à“μÕ∫·∑π 198,000.00 - - 198,000.00

2 √Õ.™“≠™—¬ ™“≠™¬»÷° °√√¡°“√ √√À“·≈–

°”Àπ¥§à“μÕ∫·∑π 125,000.00 - 102,163.00 227,163.00

3 𓬠ÿπ—¬ ‡»“¿“¬π °√√¡°“√ √√À“·≈–

°”Àπ¥§à“μÕ∫·∑π 112,500.00 - - 112,500.00

√«¡ 435,500.00 - 102,163.00 537,663.00

§à“μÕ∫·∑π¢Õß°√√¡°“√∫√‘À“√§«“¡‡ ’ˬß

„πªï 2549 §à“μÕ∫·∑π¢Õß°√√¡°“√∫√‘À“√§«“¡‡ ’ˬß∑’ˉ¥â√—∫„π√Ÿª§à“‡∫’Ȭª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–‚∫π—  ‡ªìπ¥—ßπ’È

Õ—π¥—∫ √“¬™◊ËÕ§≥–°√√¡°“√ μ”·Àπàß ∫”‡ÀπÁ® ‚∫π— °√√¡°“√ ª√–®”ªï 2548 √«¡

‡∫’Ȭª√–™ÿ¡ (∫“∑/ªï) (∫“∑/ªï)

1 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å °√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß 176,000.00 - - -

√«¡ 176,000.00 - - -

65

No. Name Position Allowance Remuneration Bonus for 2006 Total

(Baht/Year) (Baht/Year)

13 Mrs. Yada Prapinmongkolkarn Director - - 102,163.00 102,163.00

(Until 19 January 2006)

14 Mr. Narathorn Wongvises Director - - 51,080.00 51,080.00

(Until 25 January 2006)

Total 3,638,500.00 1,450,000.00 1,089,727.00 5,878,227.00

Remuneration of Directors and specialist of the sub-committee as follows ; Remuneration of the Audit Committee In 2006, the Audit Committee received remuneration, allowances and bonuses as shown in the accompanying table

No. Name Position Allowance Remuneration Bonus for 2006 Total

(Baht/Year) (Baht/Year)

1 Mr. Prapan Siriratthamrong Chairman of the Audit Committee 264,000.00 - - -

2 Mr. Adison Thanan-narapool Audit Committee 150,000.00 - - -

3 Mr. Kamthorn Tatiyakavee Audit Committee 150,000.00 - - -

Total 564,000.00 - - -

Remuneration of the Nominating and Remuneration Committee In 2006, the Nominating and Remuneration Committee received remuneration, allowances and bonuses as shown in the accompanying table

No. Name Position Allowance Remuneration Bonus for 2006 Total

(Baht/Year) (Baht/Year)

1 Mr.Maruey Phadoongsidhi Chairman of the Nominating

and Remuneration Committee 198,000.00 - - 198,000.00

2 Capt. Charnchai Charnchayasuk Director of the Nominating

and Remuneration Committee 125,000.00 - 102,163.00 227,163.00

3 Mr. Sunai Saubhayana Director of the Nominating

and Remuneration Committee 112,500.00 - - 112,500.00

Total 435,500.00 - 102,163.00 537,663.00

Remuneration of the Risk Management Committee In 2006, the Risk Management Committee received remuneration, allowances and bonuses as shown in the accompanying table

No. Name Position Allowance Remuneration Bonus for 2006 Total

(Baht/Year) (Baht/Year)

1 Mr. Surathian Chakthranont Chairman of Risk Management 176,000.00 - - -

Total 176,000.00 - - -

66

§à“μÕ∫·∑πºŸâ∫√‘À“√:§à“μÕ∫·∑πºŸâ∫√‘À“√‡ªìπ‰ªμ“¡À≈—°°“√·≈–π‚¬∫“¬∑’˧≥–°√√¡°“√∫√‘…—∑°”Àπ¥´÷Ë߇™◊ËÕ¡‚¬ß°—∫º≈°“√¥”‡π‘πß“π

¢Õß∫√‘…—∑·≈–º≈°“√¥”‡π‘πß“π¢ÕߺŸâ∫√‘À“√·μà≈–∑à“π

§à“μÕ∫·∑π¢ÕߺŸâ∫√‘À“√√–¥—∫ Ÿß ÿ¥ 5 Õ—π¥—∫·√° „πªï 2549 ‡ß‘π‡¥◊Õπ ·≈–‚∫π—  √«¡∑—Èß ‘Èπ‡ªìπ‡ß‘π 28,393,807 ∫“∑

°“√ª√–™ÿ¡§≥–°√√¡°“√

§≥–°√√¡°“√¡’°”Àπ¥°“√ª√–™ÿ¡‚¥¬ª°μ‘∑ÿ°‡¥◊Õπ ·≈–Õ“®¡’°“√ª√–™ÿ¡«“√–摇»…‡æ‘Ë¡‡μ‘¡μ“¡§«“¡®”‡ªìπ ‚¥¬¡’°“√°”À𥫓√–°“√

ª√–™ÿ¡∑’Ë™—¥‡®π‰«â≈à«ßÀπâ“ ·≈–¡’«“√–æ‘®“√≥“μ‘¥μ“¡º≈°“√¥”‡π‘πß“π‡ªìπª√–®” ∑—Èßπ’È ‡≈¢“πÿ°“√§≥–°√√¡°“√‰¥â®—¥ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡

æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡·≈– à߇հ “√°àÕπ°“√ª√–™ÿ¡≈à«ßÀπⓇ©≈’ˬ 5 «—π∑”°“√ ‡æ◊ËÕ„Àâ§≥–°√√¡°“√‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“߇撬ßæÕ

°àÕπ‡¢â“√à«¡ª√–™ÿ¡ ª°μ‘°“√ª√–™ÿ¡·μà≈–§√—Èß®–„™â‡«≈“ª√–¡“≥ 2 ™—Ë«‚¡ß ‚¥¬„πªï 2549 ∑’˺à“π¡“ §≥–°√√¡°“√¡’°“√ª√–™ÿ¡μ“¡«“√–ª°μ‘

®”π«π 12 §√—Èß ·≈–§≥–°√√¡°“√∫√‘…—∑‡¢â“√à«¡ª√–™ÿ¡Õ¬à“ß ¡Ë”‡ ¡Õμ≈Õ¥ªï ‚¥¬‰¥â¡’°“√®¥∫—π∑÷°√“¬ß“π°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√ ·≈–

®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’˺à“π°“√√—∫√Õß®“°§≥–°√√¡°“√‰«âæ√âÕ¡∑’Ë®–„Àâ§≥–°√√¡°“√ ·≈–ºŸâ∑’ˇ°’ˬ«¢âÕßμ√«® Õ∫‰¥â  ”À√—∫√“¬≈–‡Õ’¬¥®”π«π

°“√‡¢â“ª√–™ÿ¡¢Õߧ≥–°√√¡°“√∫√‘…—∑μ≈Õ¥ªï 2549 ·¬°μ“¡√“¬∫ÿ§§≈μ“¡μ“√“ߢâ“ß≈à“ßπ’È

°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑

„πªï 2549 §≥–°√√¡°“√¡’°“√ª√–™ÿ¡μ“¡«“√–ª°μ‘ ®”π«π 12 §√—Èß ‚¥¬¡’√“¬≈–‡Õ’¬¥°“√‡¢â“√à«¡ª√–™ÿ¡¢Õß°√√¡°“√·μà≈–∑à“π ¥—ßμàÕ‰ªπ’È

≈”¥—∫ ™◊ËÕ§≥–°√√¡°“√ °“√‡¢â“√à«¡ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ À¡“¬‡Àμÿ

°“√‡¢â“√à«¡ª√–™ÿ¡ ®”π«π (§√—Èß) √«¡

1 π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ 12 12 12/12 -

2 𓬰√æ®πå Õ—»«‘π«‘®‘μ√ 8 12 8/12 ≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√

μ—Èß·μà 7 ¡°√“§¡ 2550

3 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß 12 12 12/12 -

4 𓬫‘»‘…∞å «ß»å√«¡≈“¿ 11 12 11/12 -

5 π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ 12 12 12/12 ≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√

μ—Èß·μà 1 ¡°√“§¡ 2550

6 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å 12 12 12/12 -

7 π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ 10 12 10/12 -

8 𓬰”∏√ μ쑬°«’ 12 12 12/12 -

9 π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï 12 12 12/12 ≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√

μ—Èß·μà 7 ¡°√“§¡ 2550

10 𓬫‘™—¬ ®÷ß√—°‡°’¬√μ‘ 10 12 10/12 ≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√

μ—Èß·μà 5 ¡°√“§¡ 2550

11 π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ 12 12 12/12 -

12 π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ 2 3 2/3 ‡¢â“√—∫μ”·Àπàß 8 ¡°√“§¡ 2550

13 π“ß “«™ÿ¡æ√ √—μ¡ß§≈ 3 3 3/3 ‡¢â“√—∫μ”·Àπàß 8 ¡°√“§¡ 2550

14 π“¬¡π—  ·®à¡‡«À“ 3 3 3/3 ‡¢â“√—∫μ”·Àπàß 17 ¡°√“§¡ 2550

15 𓬮—°√°ƒ»Ø‘Ï æ“√“æ—π∏°ÿ≈ 2 2 2/2 ‡¢â“√—∫μ”·Àπàß 23 °ÿ¡¿“æ—π∏å 2550

16 π“¬æ‘™‘μ Õ—§√“∑‘μ¬å 12 12 12/12 -

67

Remunerations of Management : Is in accordance with the principle and policy laid down by the Board and is linked to the

Companyûs operation results as well as each individual performance.

Total remunerations of the top 5 Management Executives in 2006 : amounted to Bahts 28,393,807

Board of Directorsû Meetings

The Board of Directorsû Meeting is normally held monthly, special meetings are held additionally if necessary. Meeting Agendas

are prepared in advance inclusive of the regular follow-up on operational performances. The Boardûs Secretary prepares and circulates

the meeting agenda and relevant documents averagely 5 working days in advance, so as to allow the the Board members time to study

before the meeting takes place. Normally each meeting takes about 2 hours.

In 2006, there were held 12 regular Board meetings and the Board members attended regularly all year round. Written Minutes

of each Meeting were prepared, and the the adopted Minutes of Meeting were kept for scrutiny by Board members and concerned

people. The 2006 Board Meeting Attendance records of each individual member is presented in the accompanying table.

No. List of the Board of Board Attendance Record Notes

Directors Attendance Amount Total

1 Mr. Narongchai Akrasanee 12 12 12/12 -

2 Mr. Goanpot Asvinvichit 8 12 8/12 (Until 07 January 2007)

3 Mr. Prapan Siriratthamrong 12 12 12/12 -

4 Mr. Visit Vongruamlarp 11 12 11/12 -

5 Mrs. Nongluck Virameteekul 12 12 12/12 (Until 01 January 2007)

6 Mr. Surathian Chakthranont 12 12 12/12 -

7 Mr. Adison Thananan-narapool 10 12 10/12 -

8 Mr. Kamthorn Tatiyakavee 12 12 12/12 -

9 Mr. Tee-Ra Witwutisak 12 12 12/12 (Until 07 January 2007)

10 Mr. Wichai Chungrakkiat 10 12 10/12 (Until 05 January 2007)

11 Mr. Yongyuth Tariyo 12 12 12/12 -

12 Mr. Boonsak Chiempricha 2 3 2/3 (Since 08 January 2007)

13 Miss. Choomporn Ratamongkul 3 3 3/3 (Since 08 January 2007)

14 Mr. Manas Jamveha 3 3 3/3 (Since 17 January 2007)

15 Mr. Chakkrit Parapuntakul 2 2 2/2 (Since 16 March 2007)

16 Mr. Pichit Akrathit 12 12 12/12 -

68

§≥–Õπÿ°√√¡°“√

§≥–°√√¡°“√∫√‘…—∑‰¥â·μàßμ—Èߧ≥–Õπÿ°√√¡°“√‡æ◊Ëՙ૬°”°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑ ¥—ßπ’È

§≥–°√√¡°“√∫√‘À“√ : ª√–°Õ∫¥â«¬°√√¡°“√‰¡àπâÕ¬°«à“ 3 §π ·≈–‰¡à‡°‘π 6 §π ·≈–¡’√Õß°√√¡°“√ºŸâ®—¥°“√  “¬°“√μ≈“¥°Õß∑ÿπ

 ”√Õ߇≈’Ȭߙ’æ·≈–°Õß∑ÿπ à«π∫ÿ§§≈∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√ ¥—ß√“¬™◊ËÕμàÕ‰ªπ’È

1. π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß ∂÷ß 25/01/2549)

2. 𓬰√æ®πå Õ—»«‘π«‘®‘μ√ ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 07/01/2550)

3. π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ ª√–∏“π°√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/2550)

4. 𓬫‘»‘…∞å «ß»å√«¡≈“¿ °√√¡°“√∫√‘À“√

5. √âÕ¬‡Õ°™“≠™—¬ ™“≠™¬»÷° °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß ∂÷ß 19/01/2549)

6. π“ßπß≈—°…≥å «’√–‡¡∏’°ÿ≈ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 01/01/2550)

7. π“¬∏’√– «‘∑«ÿ≤‘»—°¥‘Ï °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 07/01/2550)

8. 𓬫‘™—¬ ®÷ß√—°‡°’¬√μ‘ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàß∂÷ß 05/01/2550)

9. π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 08/01/2550 › ªí®®ÿ∫—π)

10. π“¬¡π—  ·®à¡‡«À“ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 17/01/2550 › ªí®®ÿ∫—π)

11. 𓬮—°√°ƒ»Æ‘Ï æ“√“æ—π∏°ÿ≈ °√√¡°“√∫√‘À“√ (¥”√ßμ”·Àπàßμ—Èß·μà 16/03/2550 › ªí®®ÿ∫—π)

12. π“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√∫√‘À“√

13. 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå ‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘À“√

‚¥¬„πªï 2549 §≥–°√√¡°“√∫√‘À“√¡’°“√ª√–™ÿ¡∑—Èß ‘Èπ 12 §√—Èß

§≥–°√√¡°“√∫√‘À“√¡’¢Õ∫‡¢μ Õ”π“® Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫ ¥—ßπ’È

1. æ‘®“√≥“°≈—Ëπ°√Õßß“π¥â“ππ‚¬∫“¬ ´÷Ëß√«¡∂÷ß·ºπß“π °“√∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–ß∫ª√–¡“≥ œ≈œ √«¡∑—Èßμ‘¥μ“¡º≈°“√¥”‡π‘πß“π

¢Õß∫√‘…—∑„À⇪ìπ‰ªμ“¡·ºπß“π ·≈–°≈¬ÿ∑∏åμ“¡∑’˧≥–°√√¡°“√∫√‘…—∑°”Àπ¥ ·≈–‡ªìπ‰ªμ“¡°Æ√–‡∫’¬∫μà“ß Ê ¢ÕßÀπ૬ߓπ∑’ˇ°’ˬ«¢âÕß

2. æ‘®“√≥“·≈–Õπÿ¡—μ‘°“√®—¥μ—Èß‚§√ß°“√°Õß∑ÿπμà“ßÊ μ≈Õ¥®π·μàßμ—ÈߺŸâ Õ∫∫—≠™’¢Õß°Õß∑ÿπμà“ß Ê μ“¡∑’˧≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬

3. æ‘®“√≥“·≈–Õπÿ¡—μ‘°“√°√–∑”·≈–π‘μ‘°√√¡„¥∑’ˉ¡à„™à‡ªìπ‡√◊ËÕß∏ÿ√°‘®ª°μ‘¢Õß∫√‘…—∑„π«ß‡ß‘πμ“¡∑’˧≥–°√√¡°“√∫√‘…—∑°”Àπ¥

4. ∑∫∑«πº≈°“√¥”‡π‘πß“π‡ª√’¬∫‡∑’¬∫°—∫ß∫ª√–¡“≥∑’Ë®—¥∑”∑ÿ°‡¥◊Õπ°àÕπ𔇠πÕ§≥–°√√¡°“√∫√‘…—∑

5. æ‘®“√≥“°“√ª√—∫‡ª≈’ˬπ√–∫∫ß“π °“√°”Àπ¥¢Õ∫‡¢μß“π μ≈Õ¥®π°“√ª√—∫‚§√ß √â“ßÕߧå°√°àÕπ𔇠πÕ§≥–°√√¡°“√∫√‘…—∑

6. ‡√◊ËÕßÕ◊Ëπ Ê μ“¡∑’˧≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬

§≥–°√√¡°“√μ√«® Õ∫ ª√–°Õ∫¥â«¬°√√¡°“√®”π«π 3 ∑à“π ‚¥¬∑ÿ°∑à“π‡ªìπ°√√¡°“√Õ‘ √–·≈–¥”√ßμ”·Àπàߧ√“«≈– 2 ªï ‚¥¬¡’ºŸâ

Õ”π«¬°“√ ”π—°ß“πμ√«® Õ∫°‘®°“√¿“¬„π∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√ ¥—ß¡’√“¬™◊ËÕμàÕ‰ªπ’È

1. 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß ª√–∏“π°√√¡°“√μ√«® Õ∫

2. π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ °√√¡°“√μ√«® Õ∫

3. 𓬰”∏√ μ쑬°«’ °√√¡°“√μ√«® Õ∫

4. π“¬Õ¿‘√—°…å æÿà¡°≈‘Ëπ ‡≈¢“πÿ°“√§≥–°√√¡°“√μ√«® Õ∫

§≥–°√√¡°“√μ√«® Õ∫¡’°”Àπ¥°“√ª√–™ÿ¡‡¥◊Õπ≈–Àπ÷Ëߧ√—Èß ‚¥¬„πªï 2549 ¡’°“√ª√–™ÿ¡∑ÿ°‡¥◊Õπ√«¡∑—Èß ‘Èπ 12 §√—Èß ‚¥¬º≈°“√ª√–™ÿ¡¢Õß

§≥–°√√¡°“√μ√«® Õ∫ √ÿª‰¥â¥—ßπ’È

1. æ‘®“√≥“√“¬ß“π°“√μ√«® Õ∫Àπ૬ߓπμà“ßÊ √«¡∂÷ß°“√μ√«® Õ∫°“√ªØ‘∫—μ‘μ“¡°Æ √–‡∫’¬∫¢ÕßΩÉ“¬°”°—∫¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π √“¬ß“π

°“√μ‘¥μ“¡º≈°“√ªØ‘∫—μ‘ß“πμ“¡¢âÕ‡ πÕ·π–

2.  Õ∫∑“π·≈–¥Ÿ·≈„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π·≈–°“√μ√«® Õ∫¿“¬„π∑’ˇ撬ßæÕ‡À¡“– ¡ √«¡∂÷ß°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„À⇪ìπ‰ª

μ“¡°ØÀ¡“¬·≈–√–‡∫’¬∫∑’ˇ°’ˬ«¢âÕß

3. æ‘®“√≥“√“¬ß“πß∫°“√‡ß‘π ·≈–§—¥‡≈◊Õ°‡ πÕ·μàßμ—Èß ·≈–‡ πÕ§à“μÕ∫·∑πºŸâ Õ∫∫—≠™’∫√‘…—∑

69

Board Sub-Committee The Board of director has appointed Sub-Committees to assist in the supervisions of the Companyûs businesses, as follows :- Executive Committee : consists of minimum 3 and maximum 6 members. Senior Executive Vice President Provident Fund and Private Fund Marketing) serves as Secretary to the Committee. 1. Mr. Narongchai Akrasanee Chairman of the Executive Committee (Until 25 February 2006) 2. Mr. Goanpot Asvinvichit Chairman of the Executive Committee (Until 07 January 2007) 3. Mr. Boonsak Chiempricha Chairman of the Executive Committee (Since 08 January 2007) 4. Mr. Visit Vongruamlarp Executive Director 5. Capt. Charnchai Charnchayasuk Executive Director (Until 19 January 2006) 6. Mrs. Nongluck Virameteekul Executive Director (Until 01 January 2007) 7. Mr. Tee-Ra Witwutisak Executive Director (Until 07 January 2007) 8. Mr. Wichai Chungrakkiat Executive Director (Until 05 January 2007) 9. Mr. Yongyuth Tariyo Executive Director (Since 08 January 2007 › Present) 10. Mr. Manas Jamveha Executive Director (Since17 January 2007 › Present) 11. Mr.Chakkrit Parapuntakul Executive Director (Since 16 March 2007 › Present) 12. Mr. Pitchit Akrathit Executive Director 13. Mr. Chaibhondh Osataphan Secretary to the Executive Committee The Executive Committee held 12 meeting in 2006. Functions and Responsibilities are as follows: 1. Consider and review Company policies including business plans, risk management, and budget etc. and monitoring implementation results to ensure that they are in accordance with the policies and plans laid down by the Board and regulatory requirements. 2. Consider and approve the establishment of investment funds and the appointment of the fundûs auditor as authorized by the Board. 3. Consider and approve activities and legal transactions that are not the Companyûs normal business operations within the financial limits authorized by the Board. 4. Review operational performances against the monthly budget prior to submission to the Board. 5. Review changes in the operation system, job definition and organization changes prior to submission to the Board. 6. Other businesses that the Board may assign. Audit Committee The Audit Committee is composed of 3 members, all of whom are independent directors. The term of office of each member is 2 years and the head of the Internal Audit Office serves as the Committee Secretary. Members of the Committee are: 1. Mr. Prapan Siriratthamrong Chairman of the Audit Committee 2. Mr. Adisorn Thananan-narapool Audit Committee 3. Mr. Kamthorn Tatiyakavee Audit Committee 4. Mr. Apirak Poomklin Secretary to the Audit Committee The Committee meets once a month. In 2006, there were held total 12 monthly meetings. The conclusion of the Audit Committeeûs meetings are as follows : 1. Review the audit reports of all departments, inclusive of reviewing the practical in compliance with the rules and regulations of the Compliance Department, and report on the follow-up on results of complying to the recommendations. 2. Review and provide the appropriate and sufficient Internal control and inspection systems, including the disclosure of information according to the requirement of related law and regulations. 3. Review the balance sheets report, select and propose appointments, and offer remunerations to the Company Auditors.

70

§≥–°√√¡°“√μ√«® Õ∫¡’¢Õ∫‡¢μ Õ”π“® Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫ ¥—ßπ’È

1.  Õ∫∑“π√“¬ß“π∑“ß°“√‡ß‘π¢Õß∫√‘…—∑·≈–°Õß∑ÿπ¿“¬„μâ°“√®—¥°“√¢Õß∫√‘…—∑„Àâμ√ßμàÕ§«“¡‡ªìπ®√‘ß §√∫∂â«π ‡æ’¬ßæÕ ·≈–‡™◊ËÕ∂◊Õ‰¥â

2. ¥Ÿ·≈„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π·≈–°“√μ√«® Õ∫¿“¬„π∑’ˇÀ¡“– ¡·≈–¡’ª√– ‘∑∏‘¿“æ

3.  Õ∫∑“π„Àâ∫√‘…—∑ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬À√◊Õ°ÆÀ¡“¬

∑’ˇ°’ˬ«¢âÕß°—∫∏ÿ√°‘®¢ÕßÀ≈—°∑√—æ¬å

4. æ‘®“√≥“ §—¥‡≈◊Õ° ‡ πÕ·μàßμ—Èß ·≈–‡ πÕ§à“μÕ∫·∑πºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑

5. æ‘®“√≥“°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑„π°√≥’‡°‘¥√“¬°“√∑’ˇ°’ˬ«‚¬ß°—π À√◊Õ√“¬°“√∑’ËÕ“®–¡’§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå„Àâ¡’§«“¡∂Ÿ°

μâÕß·≈–§√∫∂â«π

6. ®—¥∑”√“¬ß“π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õߧ≥–°√√¡°“√μ√«® Õ∫‚¥¬‡ªî¥‡º¬‰«â„π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑´÷Ëß√“¬ß“π¥—ß°≈à“«μâÕß≈ß

π“¡‚¥¬ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫

7. ªØ‘∫—μ‘°“√Õ◊Ëπ„¥μ“¡∑’˧≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬·≈–§≥–°√√¡°“√μ√«® Õ∫‡ÀÁπ™Õ∫

§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π ª√–°Õ∫¥â«¬ °√√¡°“√ 3 ∑à“π ‚¥¬∑ÿ°∑à“π‡ªìπ∫ÿ§§≈ºŸâ∑√ߧÿ≥«ÿ≤‘ ¡’§«“¡‡ªìπÕ‘ √–

‡æ◊ËÕ„À⇰‘¥§«“¡‡ªìπ∏√√¡·°à∑ÿ°ΩÉ“¬·≈–‰¡à„À⇰‘¥§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå (Conflict of Interest) ·≈–¡’«“√–°“√¥”√ßμ”·Àπàߧ√“«≈– 2 ªï ‚¥¬

¡’√Õß°√√¡°“√ºŸâ®—¥°“√  “¬μ≈“¥°Õß∑ÿπ√«¡‡ªìπ‡≈¢“πÿ°“√ ¥—ß¡’√“¬™◊ËÕμàÕ‰ªπ’È

1. ¥√.¡“√«¬ º¥ÿß ‘∑∏‘Ï ª√–∏“π°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

2. √âÕ¬‡Õ°™“≠™—¬ ™“≠™¬»÷° °√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

3. 𓬠ÿπ—¬ ‡»“¿“¬π °√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

4. 𓬠ÿπ∑√ æ®πå∏π¡“» ‡≈¢“πÿ°“√§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π®–¡’°“√ª√–™ÿ¡μ“¡∑’ˇÀÁπ ¡§«√‚¥¬„πªï 2549 ¡’°“√ª√–™ÿ¡ 9 §√—Èß ‚¥¬º≈°“√ª√–™ÿ¡¢Õß

§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π √ÿªº≈‰¥â¥—ßπ’È

1. æ‘®“√≥“À≈—°‡°≥±å°“√°”Àπ¥ —≠≠“®â“ßß“π¢ÕߺŸâ∫√‘À“√

2. æ‘®“√≥“ºŸâ‡À¡“– ¡∑’ˉ¥â√—∫°“√æ‘®“√≥“·μàßμ—È߇ªìπ°√√¡°“√∫√‘…—∑·∑π°√√¡°“√∑’˧√∫°”Àπ¥ÕÕ°μ“¡«“√– (°√√¡°“√μ√«® Õ∫/°√√¡°“√

∫√‘À“√§«“¡‡ ’ˬß) °àÕπ‡ πÕ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“Õπÿ¡—μ‘

3. °”Àπ¥À≈—°‡°≥±å„π°“√¥”√ßμ”·ÀπàߢÕß°√√¡°“√Õ‘ √–

4. æ‘®“√≥“·π«∑“ß·≈–°”Àπ¥·∫∫ª√–‡¡‘πºŸâ∫√‘À“√º≈°“√¥”‡π‘πß“πºŸâ∫√‘À“√√–¥—∫ Ÿß

5.  √√À“·≈–æ‘®“√≥“∫ÿ§§≈∑’Ë®–¥”√ßμ”·Àπàß°√√¡°“√ºŸâ®—¥°“√ „πªï 2549 (°√√¡°“√ºŸâ®—¥°“√ (¥√.æ‘™‘μ Õ—§√“∑‘μ¬å) §√∫«“√–„π«—π∑’Ë

16/12/49)

6. æ‘®“√≥“‚∫π— ª√–®”ªï 2549 ·≈–ª√—∫‡ß‘π‡¥◊Õπæπ—°ß“πª√–®”ªï 2550 „π¿“æ√«¡∑—Èß∫√‘…—∑·≈–æ‘®“√≥“‚∫π— ª√–®”ªï 2549 ·≈–

ª√—∫‡ß‘π‡¥◊Õπª√–®”ªï 2550 ¢ÕߺŸâ∫√‘À“√√–¥—∫ Ÿß 5 Õ—π¥—∫·√°‡ªìπ√“¬∫ÿ§§≈ °àÕπ‡ πÕ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“Õπÿ¡—μ‘

§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π¡’¢Õ∫‡¢μÕ”π“®Àπâ“∑’Ë ¥—ßπ’È

1. °”Àπ¥π‚¬∫“¬·≈–À≈—°‡°≥±å ‚§√ß √â“ß Õߧåª√–°Õ∫ √«¡∑—Èߧÿ≥ ¡∫—μ‘¢Õߧ≥–°√√¡°“√∫√‘…—∑·≈–°√√¡°“√™ÿ¥¬àÕ¬μà“ßÊ ∑’ˉ¥â√—∫

°“√·μàßμ—Èß·≈–‰¥â√—∫¡Õ∫À¡“¬Õ”π“®Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫‚¥¬μ√ß®“°§≥–°√√¡°“√∫√‘…—∑ μ≈Õ¥®π‡ªî¥‡º¬π‚¬∫“¬·≈–√“¬

≈–‡Õ’¬¥¢Õß°√–∫«π°“√ √√À“„π√“¬ß“πª√–®”ªï

2.  √√À“ §—¥‡≈◊Õ° ·≈–‡ πÕºŸâ∑’Ë ¡§«√‰¥â√—∫°“√·μàßμ—È߇ªìπ°√√¡°“√∫√‘…—∑·∑π°√√¡°“√∑’˧√∫°”Àπ¥ÕÕ°μ“¡«“√–À√◊Õ°√≥’Õ◊Ëπ‡æ◊ËÕ„Àâ

§≥–°√√¡°“√∫√‘…—∑ ·≈–∑’˪√–™ÿ¡ºŸâ∂◊ÕÀÿâπæ‘®“√≥“Õπÿ¡—μ‘

3.  √√À“ §—¥‡≈◊Õ° ·≈–‡ πÕºŸâ∑’Ë ¡§«√‰¥â√—∫°“√·μàßμ—È߇ªìπ°√√¡°“√ºŸâ®—¥°“√ √«¡∂÷ß°“√„À⧫“¡‡ÀÁπ„π°“√·μàßμ—ÈߺŸâ∫√‘À“√√–¥—∫ ŸßÕ◊ËπÊ*

¢Õß∫√‘…—∑ ‡ πÕμàÕ§≥–°√√¡°“√∫√‘…—∑‡æ◊ËÕæ‘®“√≥“Õπÿ¡—μ‘

4. °”Àπ¥π‚¬∫“¬ À≈—°‡°≥±å «‘∏’°“√‡°’ˬ«°—∫°“√®à“¬§à“μÕ∫·∑π ** „Àâ·°à°√√¡°“√ °√√¡°“√ºŸâ®—¥°“√ ·≈– ºŸâ∫√‘À“√√–¥—∫ Ÿß* μ≈Õ¥®π

º≈ª√–‚¬™πåÕ◊ËπÊ ∑’ˇ°’ˬ«¢âÕß

71

Functions and responsibility of the Audit Committee : 1. Review the financial reports of the Company and funds under the management to ensure their accuracy, adequacy and reliability. 2. Monitor the Companyûs internal control systems to ensure that they are appropriate and effective. 3. Ensure the Companyûs compliance with applicable laws and regulations on Securities Exchange Act, the regulations issued by the Stock Exchanges of Thailand or the laws related with Securities businesses. 4. Select, and propose the appointment of the external auditor and auditorûs fee. 5. Consider correct and complete disclosure of the Companyûs information upon connected transaction or any item which may create any conflict of interest or of probable Conflict of Interest. 6. Prepare the Audit Committeeûs Report endorsed by the signature of the Chairman of the Audit Committee, and published in the annual report. 7. Other businesses that the Board may assign and agreeable to the Audit Committee. Nominating and Remuneration Committee : The Committee has 3 members, all of them are well qualified independent and fair to all concerned, and positively against any occurrence of Conflicts of Interest. The term of duty is 2 years for each committee member. Senior Executive Vice President (Mutual Fund Marketing) serves as Committee Secretary. The names of members are as follows: 1. Mr. Maruey Phadoongsidhi Chairman of the Nominating and Remuneration Committee 2. Capt. Charnchai Charnchayasuk Director of the Nominating and Remuneration Committee 3. Mr. Sunai Saubhayana Director of the Nominating and Remuneration Committee 4. Mr. Soontorn Pojthanamas Secretary to the Nominating and Remuneration Committee The Nomination and Remuneration Committee holds meetings when they consider it necessary. There were 9 meetings in the year 2006 with results thereof as appeared herebelow : 1. Consider the term of employment contract for the Executives. 2. Consider the appropriate person to be appointed as directors in replacement of the one who retired (Audit Committee/Risk Management Committee), prior to submission thereof for the apporoval of the Board of directors. 3. Set the regulations of the independent director in office. 4. Consider the guidelines and set the performance evaluation form applicable to the top executive officers. 5. Select and consider the person who will be appointed for the position of President in the year 2006 (in that year the President, Dr.Pichit Akkratit, completed his term on 16.12.2006). 6. Consider the 2006 annual bonus and monthly remuneration adjustment rate of 2007 on comprehensive scale; inclusive of consideration upon 2006 bonus, inclusive of the consideration for adjustment of the 5 top executivesûs monthly remuneration of 2007 which adjustment based upon individual basis, before submission thereof to the Board of directors for approval. Function and responsibilities of Nominating and Remuneration Committee 1. Set policy and guidelines concerning structure, composition and qualifications of directors and members of Board Committees who are directly appointed and given responsibilities and authorities by the Board, and to disclose that policy and the nomination process in the annual report. 2. Identify and recommend candidates to the Board and the shareholders meeting for consideration and appointment as directors, to replace those who retired by rotation or for any other reason. 3. Identify and recommend candidates to the Board meeting for consideration and appointment as President of the Company, as well as advise the Board on the appointment of other senior executives*. 4. Set policy, guidelines and procedures concerning remuneration** of directors, the President, and senior executives, including other benefits.

72

5. ª√–‡¡‘πº≈ß“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√ „À≥â√—∫º≈μÕ∫·∑π∑’ˇÀ¡“– ¡°—∫Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫ μ≈Õ¥®π„Àâ Õ¥§≈âÕß°—∫

º≈ª√–°Õ∫°“√¢Õß∫√‘…—∑ ∑—Èßπ’È Õ“®æ‘®“√≥“∂÷ß√–¥—∫∑’˪ؑ∫—μ‘Õ¬Ÿà„πÕÿμ “À°√√¡‡¥’¬«°—π

6. ¥Ÿ·≈„Àâ¡’·ºπ ◊∫∑Õ¥μ”·Àπàß°√√¡°“√ ·≈–°√√¡°“√ºŸâ®—¥°“√¢Õß∫√‘…—∑ ‡æ◊ËÕ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“

7. æ‘®“√≥“°≈—Ëπ°√Õß ·≈–‡ πÕ§«“¡‡ÀÁπμàÕ§≥–°√√¡°“√∫√‘…—∑„π°“√æ‘®“√≥“·μàßμ—Èß ‚¬°¬â“¬ ∫√√®ÿ ∂Õ¥∂Õπ æπ—°ß“πμ—Èß·μà√–¥—∫

°√√¡°“√ºŸâ®—¥°“√ ·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß* ¢Õß∫√‘…—∑

8. æ‘®“√≥“°≈—Ëπ°√Õß‚§√ß √â“ߧà“μÕ∫·∑π ·≈–º≈ª√–‚¬™πåμÕ∫·∑πÕ◊ËπÊ ∑’ˇ°’ˬ«¢âÕߢÕßæπ—°ß“π∫√‘…—∑°àÕπ‡ πÕ§≥–°√√¡°“√∫√‘…—∑

æ‘®“√≥“Õπÿ¡—μ‘

* 纟â∫√‘À“√√–¥—∫ Ÿßé À¡“¬§«“¡∂÷ß °√√¡°“√ºŸâ®—¥°“√ ºŸâ∫√‘À“√ ’Ë√“¬·√°μàÕ®“°°√√¡°“√ºŸâ®—¥°“√≈ß¡“ ·≈–ºŸâ∫√‘À“√√“¬∑’Ë ’Ë∑ÿ°√“¬

‚¥¬‰¡à√«¡∂÷ߺŸâ®—¥°“√ΩÉ“¬∫—≠™’À√◊Õ°“√‡ß‘π À“°μ”·Àπàßπ—Èπ‰¡à‰¥âÕ¬Ÿà„π√–¥—∫‡¥’¬«°—π°—∫ºŸâ∫√‘À“√√“¬∑’Ë ’Ë  ”À√—∫∫√‘…—∑œ „πªí®®ÿ∫—π∂◊Õ«à“ºŸâ∫√‘À“√

√–¥—∫ Ÿß¢Õß∫√‘…—∑¡’∑—ÈßÀ¡¥ 5 √“¬ °≈à“«§◊Õ °√√¡°“√ºŸâ®—¥°“√ (1), √Õß°√√¡°“√ºŸâ®—¥°“√ (3), ·≈–ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√Õ“«ÿ‚  (1)

** ç§à“μÕ∫·∑π°√√¡°“√é À¡“¬§«“¡√«¡∂÷ß°√√¡°“√„π™ÿ¥¬àÕ¬μà“ß Ê ∑’ˉ¥â√—∫°“√·μàßμ—Èß·≈–‰¥â√—∫¡Õ∫À¡“¬Õ”π“®Àπâ“∑’Ë ·≈–

§«“¡√—∫º‘¥™Õ∫‚¥¬μ√ß®“°§≥–°√√¡°“√∫√‘…—∑

§≥–°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß : ª√–°Õ∫¥â«¬°√√¡°“√ 5 ∑à“π ·≈–¡’«“√–°“√¥”√ßμ”·Àπàߧ√“«≈– 2 ªï ‚¥¬¡’ºŸâÕ”π«¬°“√ΩÉ“¬

∫√‘À“√§«“¡‡ ’ˬß∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√ §≥–°√√¡°“√∫√‘…—∑‰¥âÕπÿ¡—μ‘·μàßμ—Èߧ≥–°√√¡°“√∫√‘À“√§«“¡‡ ’ˬßμ“¡¡μ‘∑’˪√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑

§√—Èß∑’Ë 321/2548 ‡¡◊ËÕ«—π∑’Ë 29/6/2548 ¥—ß√“¬™◊ËÕμàÕ‰ªπ’È

1. 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å ª√–∏“π°√√¡°“√∫√‘À“√§«“¡‡ ’Ë¬ß (°√√¡°“√Õ‘ √–)

2. π“¬æ‘™‘μ Õ—§√“∑‘μ¬å °√√¡°“√

3. 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå °√√¡°“√

4. 𓬠ÿπ∑√ æ®πå∏π¡“» °√√¡°“√

5. 𓬇®…Æ“«—≤πå ‡æ√’¬∫®√‘¬«—≤πå °√√¡°“√

6. 𓬇®√‘≠™—¬ ‡≈Áß»‘√‘«—≤πå ‡≈¢“πÿ°“√§≥–°√√¡°“√

‚¥¬„πªï 2549 §≥–°√√¡°“√∫√‘À“√§«“¡‡ ’ˬߡ’°“√ª√–™ÿ¡∑—Èß ‘Èπ 7 §√—Èß ‡æ◊ËÕæ‘®“√≥“°√Õ∫°“√∫√‘À“√·≈–§«∫§ÿ¡ªí®®—¬‡ ’Ë¬ß ∑—Èß„π√–¥—∫

∫√‘…—∑·≈–√–¥—∫ªØ‘∫—μ‘°“√ ‚¥¬§√Õ∫§≈ÿ¡∑—Èߧ«“¡‡ ’ˬß∑’ˇªìπμ—«‡ß‘π·≈–∑’ˉ¡à‡ªìπμ—«‡ß‘π ¥—ßπ’È

1. ∑∫∑«π°√Õ∫°“√∫√‘À“√§«“¡‡ ’ˬß∑’ˇÀ¡“– ¡·°à°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑

2. ª√–‡¡‘π «‘‡§√“–À姫“¡‡ ’ˬ߷≈–º≈°√–∑∫‡™‘ß°≈¬ÿ∑∏å (Strategic Risk) ¢Õß∫√‘…—∑¿“¬„μâ ∂“π°“√≥åÀ≈—ߪؑ√Ÿª°“√ª°§√Õß ‡¥◊Õπ

°—𬓬π 2549

3. °”Àπ¥·ºπ·≈–ª√–‡¡‘𧫓¡‡ ’ˬߥâ“πμà“ßÊ ®“°°“√¬â“¬Õ“§“√ ”π—°ß“π„À¡à

4. ª√–‡¡‘𧫓¡‡ ’ˬߥâ“π°“√®—¥μ—Èß°Õß∑ÿπ„À¡àÊ ∑’Ë®—¥μ—Èߢ÷Èπ‰¥â·°à °Õß∑ÿπ摇»… (Private Equity) °Õß∑ÿπÕ —ßÀ“√‘¡∑√—æ¬å

5. μ‘¥μ—Èß·≈–ª√–‡¡‘π√–∫∫§«“¡‡ ’ˬ߄π√–¥—∫ΩÉ“¬ß“πμà“ßÊ „π∫√‘…—∑ª√–®”ªï 2549

6. ª√–‡¡‘𧫓¡‡ ’ˬ߄π¥â“πμà“ßÊ ‡æ◊ËÕ√Õß√—∫·≈–‡ªìπ·π«∑“ß„π°“√°”Àπ¥·ºπ°≈¬ÿ∑∏åªï 2550

§≥–°√√¡°“√∫√‘À“√§«“¡‡ ’ˬߡ’¢Õ∫‡¢μÕ”π“®Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫ ¥—ßπ’È

1. °”Àπ¥°√Õ∫°≈¬ÿ∑∏å ·π«∑“ß·≈–π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’ˬߢÕß∫√‘…—∑‡æ◊ËÕ𔇠πÕμàÕ§≥–°√√¡°“√∫√‘…—∑

2. °”Àπ¥·π«∑“ß°“√∫√‘À“√§«“¡‡ ’ˬ߇™‘ߪؑ∫—μ‘∑’Ë “¡“√∂ –∑âÕπ·≈–∫√√≈ÿμ“¡°√Õ∫°≈¬ÿ∑∏剥âÕ¬à“ߧ√Õ∫§≈ÿ¡∑—Ë«Õߧå°√

3.  π—∫ πÿπ„Àâ·μà≈– à«πß“π¡’°“√®—¥°“√¥â“𧫓¡‡ ’ˬßÕ¬à“߇ªìπ√–∫∫

4. μ‘¥μ“¡·≈–ª√–‡¡‘𧫓¡‡ ’ˬߢÕß∫√‘…—∑„πªí®®ÿ∫—π ·≈–·π«‚π⡧«“¡‡ ’ˬß∑’ËÕ“®‡°‘¥¢÷Èπ®“°ªí®®—¬∑—Èß¿“¬„π·≈–¿“¬πÕ°„πÕπ“§μ

5. ª√—∫ª√ÿß·≈–æ—≤π“√–∫∫∫√‘À“√§«“¡‡ ’ˬ߄Àâ¡’§«“¡‡À¡“– ¡  Õ¥§≈âÕß°—∫ ¿“«–·«¥≈âÕ¡∑’ˇª≈’ˬπ·ª≈߉ª

6. √“¬ß“π ∂“𖧫“¡‡ ’Ë¬ß ·≈–°“√®—¥°“√§«“¡‡ ’ˬßμàÕ§≥–°√√¡°“√∫√‘…—∑

7. √“¬ß“𧫓¡‡ ’ˬß∑’Ë ”§—≠‡æ◊ËÕ„Àâ§≥–°√√¡°“√μ√«® Õ∫∑√“∫

73

5. Assess performance of directors and the President and recommend remuneration that is commensurate with their functions and responsibilities and linked to the Companyûs operational results. The Committee may consider market practices in its assessment. 6. Oversee the preparation of a succession plan for directors and the President for consideration by the Board. 7. Review and recommend the Board on the appointment, transfer, and dismissal of the President, and senior executives. 8. Review and recommend the structure of remuneration and other related benefits for employees before submission to the Board for approval. Senior executives* means the President, 4 top ranking executives under the President, and executives in the fourth level, except accounting or financial manager If this position is not in the fourth level. MFC currently has 5 senior executives : The President, 3 senior executive Vice Presidents and 1 executive Vice President. Remuneration for Director** includes those members of committees who are directly appointed and given responsibilities and authorities by the Board. Risk Management Committee : The Risk Management Committee consists of five members, whose terms of duty last for two years, having the Head of Risk Management Department functioning as Secretary. The Companyûs Board of Directors has authorized the appointment of the Risk Management Committee according to the resolution made at the 321/2548 Meeting of the Board of Directors on 29/6/2548, whose members are listed below: 1. Mr. Surathian Chakthranont Chairman of the Risk Management Committee 2. Mr. Pitchit Akrathit Member 3. Mr. Chaibhondh Osataphan Member 4. Mr. Soontorn Pojthanamas Member 5. Mr. Jesadavat Priebjrivat Member 6. Mr. Chareonchai Lengsiriwat Secretary to the Risk Management Committee In 2006, totally 7 meetings of the Risk Management Committee were held to consider the management boundaries and control on risks, both at the Company and Operational levels, covering both monetary and non-monetary risks, as follows : 1. To review and determine the proper frameworks of the risk management to cope with the Companyûs business operations. 2. To assess and analyses the Companyûs strategic risks after the September 2006ûs Coup dûEtat. 3. To determine plannings and risk assessment (Risk Mapping) upon Office removal. 4. To assess the risk on the newly established Funds, such as the Private Equity, Property Fund. 5. To install and assess the risk management systems at the departmental levels for the year 2006. 6. To assess various aspects of risk probabilities for reference and guidelines to the 2007 strategic plannings. Functions and Responsibilities of the Risk Management Committee 1. Determine frameworks of strategic planning and Risk Management Policy for submission to the Board. 2. Determine the practicable Risk Management guidelines that can be overall responsive and practically possible throughout the Company. 3. Encourage each and all departments to systematically manage the Risk management. 4. Follow up and assess the present situation of Risk, and also of the future possibility of Risks arising from both interior and exterior factors. 5. Improve and develop proper Risk Management system, responding to the changing trends of environments. 6. Report to the Board on the Risk situation and Risk Management measures. 7. Report on significant Risk to the Audit Committee.

74

πÕ°®“°π’È ∫√‘…—∑‰¥â®—¥μ—Èߧ≥–°√√¡°“√¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ (Good Corporate -Governance Committee) ª√–°Õ∫¥â«¬°√√¡°“√®”π«π 12

∑à“π ¥—ßμàÕ‰ªπ’È

1 π“¬æ‘™‘μ Õ—§√“∑‘μ¬å ª√–∏“π °√√¡°“√ºŸâ®—¥°“√

2 𓬠ÿπ∑√ æ®πå∏π¡“» √Õߪ√–∏“π √Õß°√√¡°“√ºŸâ®—¥°“√

3 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå  ¡“™‘° √Õß°√√¡°“√ºŸâ®—¥°“√

4 𓬇®…Æ“«—≤πå ‡æ√’¬∫®√‘¬«—≤πå  ¡“™‘° √Õß°√√¡°“√ºŸâ®—¥°“√

5 π“ߪ√–‰æ»√’ π—π∑‘¬“  ¡“™‘° ºŸâ∫√‘À“√ΩÉ“¬∫√‘À“√∑√—欓°√∫ÿ§§≈ (¥”√ßμ”·Àπàß ∂÷ß 31/10/49

·≈–ºŸâ∫√‘À“√ΩÉ“¬∫—≠™’·≈–°“√‡ß‘π (¥”√ßμ”·Àπàßμ—Èß·μà 01/10/49 ∂÷ßªí®®ÿ∫—π)

6 π“ß«√≈—°…¡å ‡ πàÀå≈—°…≥“  ¡“™‘° ºŸâ∫√‘À“√ΩÉ“¬∫√‘À“√∑√—欓°√∫ÿ§§≈ (¥”√ßμ”·Àπàßμ—Èß·μà 01/11/49 ∂÷ßªí®®ÿ∫—π)

7 π“ß ÿ«√√≥“ «—≤π≈’  ¡“™‘°  ¡“™‘° ºŸâ∫√‘À“√ΩÉ“¬∫—≠™’·≈–°“√‡ß‘π∫√‘…—∑ (¥”√ßμ”·Àπàß∂÷ß 30/09/49)

8 𓬻—°¥“ ®—π∑√“ ÿ√‘¬“√—μπå  ¡“™‘° ºŸâ∫√‘À“√ΩÉ“¬°”°—∫¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π (¥”√ßμ”·Àπàß ∂÷ß 01/09/49)

9 𓬰ƒ…Æ“ ©—μ√∫√√¬ß  ¡“™‘° ºŸâ∫√‘À“√ΩÉ“¬°”°—∫¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π (¥”√ßμ”·Àπàßμ—Èß·μà 1/11/49 ∂÷ßªí®®ÿ∫—π)

10 π“¬Õ¿‘√—°…å æÿà¡°≈‘Ëπ  ¡“™‘° ºŸâ∫√‘À“√ ”π—°ß“πμ√«® Õ∫°‘®°“√¿“¬„π

11 𓬇®√‘≠™—¬ ‡≈Áß»‘√‘«—≤πå  ¡“™‘° ºŸâ∫√‘À“√ ”π—°°√√¡°“√ºŸâ®—¥°“√ ·≈–ºŸâ∫√‘À“√ΩÉ“¬∫√‘À“√§«“¡‡ ’ˬß

12 𓬻—°¥‘Ï™—¬ μ—Èß«—≤π“æ“≥‘™¬å  ¡“™‘°·≈–‡≈¢“πÿ°“√  ”π—°°√√¡°“√ºŸâ®—¥°“√

§≥–°√√¡°“√¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¡’¢Õ∫‡¢μÕ”π“®Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫ ¥—ßπ’È

1. »÷°…“·≈–∑∫∑«π√–∫∫°“√∫√‘À“√®—¥°“√∑’ˇªìπÕ¬Ÿà„πªí®®ÿ∫—π‡æ◊ËÕæ‘®“√≥“ª√—∫ª√ÿß „À⇪ìπ‰ªμ“¡À≈—°°“√°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ μ“¡

‡°≥±å¢ÕßÕߧå°√°“√°”°—∫¥Ÿ·≈

2. ®—¥∑”·ºπª√—∫ª√ÿ߇æ◊ËÕ„Àâ∫√‘…—∑¡’√–∫∫°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ‚¥¬ª√– “πß“π°—∫Àπ૬ߓπμà“ßÊ∑’ˇ°’ˬ«¢âÕß

3. μ√«® Õ∫·≈–μ‘¥μ“¡„ÀâÀπ૬ߓπμà“ßÊ ∑’ˇ°’ˬ«¢âÕß ªØ‘∫—μ‘μ“¡·π«∑“ß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¢Õß∫√‘…—∑

4. ª≈Ÿ°Ωíß«—≤π∏√√¡„Àâæπ—°ß“π∑—Ë«∑—ÈßÕߧå°√¡’®‘μ ”π÷°„π‡√◊ËÕß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ¡’§«“¡‡¢â“„®„π‡√◊ËÕߥ—ß°≈à“« ·≈–„À⧫“¡√à«¡

¡◊Õ√à«¡„®„π°“√‡ √‘¡ √â“ß„Àâ∫√‘…—∑¡’°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’Õ¬à“ßμàÕ‡π◊ËÕß

5. »÷°…“æ—≤π“°“√‡√◊ËÕß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’∑—Èß„π·≈–μà“ߪ√–‡∑» ‡æ◊ËÕπ”¡“ª√–¬ÿ°μå„™â„π°“√ª√—∫ª√ÿß√–∫∫°“√°”°—∫¥Ÿ·≈°‘®°“√

¢Õß∫√‘…—∑„À⥒¬‘Ëߢ÷ÈπμàÕ‰ª

‚¥¬„πªï 2549 §≥–°√√¡°“√¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¡’°“√ª√–™ÿ¡ ®”π«π 6 §√—Èß

∑—Èßπ’È„π√–À«à“ߪï 2549 ∂÷߇¥◊Õπ °ÿ¡¿“æ—π∏å 2550 §≥–°√√¡°“√¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ‰¥â¡’ à«πº≈—°¥—π„À⇰‘¥°“√°”°—∫¥Ÿ·≈°‘®°“√

∑’Ë¥’·°à∫√‘…—∑„π¥â“πμà“ßÊ ∑’Ë ”§—≠¥—ßπ’È

1. ¥â“ππ‚¬∫“¬°“√°”°—∫¥Ÿ·≈°‘®°“√ ‰¥â·°à °“√ª√—∫ª√ÿßπ‚¬∫“¬°“√°”°—∫¥Ÿ·≈°‘®°“√∑’ˇªìπ≈“¬≈—°…≥åÕ—°…√μ“¡·π«∑“ß°“√ªØ‘∫—μ‘∑’Ë

¥’„Àâ¡’§«“¡§√∫∂â«π‡À¡“– ¡¬‘Ëߢ÷Èπ °àÕπ‡ πÕ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“Õπÿ¡—μ‘

2. ¥â“π ‘∑∏‘¢ÕߺŸâ∂◊ÕÀÿâπ·≈–°“√ªØ‘∫—μ‘μàÕºŸâ∂◊ÕÀÿâπÕ¬à“߇∑à“‡∑’¬¡°—π ‡ πÕ‡√◊ËÕß„Àâ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“Õπÿ¡—μ‘°“√‡æ‘Ë¡¢âÕ¡Ÿ≈

„πÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‰¥â·°à

‚¥¬°“√‡æ‘Ë¡™àÕß∑“ß°“√ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ºà“π‡«Á∫‰´μå¢Õß∫√‘…—∑≈à«ßÀπâ“°àÕπ°“√ª√–™ÿ¡ 21 «—π

‡æ‘Ë¡√“¬≈–‡Õ’¬¥ª√–«—μ‘·≈–¢âÕ¡Ÿ≈¢Õß°√√¡°“√„π‡√◊ËÕß∑’Ë ”§—≠

3. ¥â“π ‘∑∏‘¢ÕߺŸâ¡’ à«π‰¥â‡ ’¬ ‰¥â·°à

3.1 °“√‡μ√’¬¡§«“¡æ√âÕ¡„π°“√®—¥∑” Know Your Customer ·≈– Customer Due Diligence (KYC ·≈– CDD) ‡æ◊ËÕ√Õß√—∫°Ø‡°≥±å·≈–

ª√–°“»¢ÕßÀπ૬ߓπ√“™°“√

3.2 °“√®—¥∑”·π«∑“ß°“√≈ß¡μ‘∑’˪√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑’Ë°Õß∑ÿπ≈ß∑ÿπ¿“¬„μâ°“√®—¥°“√¢Õß∫√‘…—∑‡æ◊ËÕ§«“¡‚ª√àß„ ·≈–‡ªìπ∏√√¡μàÕºŸâ∂◊Õ

Àπ૬≈ß∑ÿπ

3.3 °“√·°â‰¢√–‡∫’¬∫§” —Ëß°“√®—¥‡°Á∫æ— ¥ÿ·≈–ª√—∫ª√ÿß√–‡∫’¬∫°“√´àÕ¡·´¡¬“πæ“Àπ–¢Õß∫√‘…—∑

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Apart from this, the Company has set up a Good Corporate Governance Committee consisting of 10 members, as follows :

1 Mr. Pitchit Akrathit Chairman President

2 Mr. Soontorn Pojthanamas Vice Chairman Senior Executive Vice President

3 Mr. Chaibhondh Osataphan Member Senior Executive Vice President

4 Mr. Jesadavat Priebjrivat Member Senior Executive Vice President

5 Mrs. Prapaisri Nuntiya Member Executive, Human Resource Dept. (Until 31 Decmber 2006)

Executive, Corporate Accounting & Finance Dept. (Since 01 December 2006 › Present)

6 Mrs. Voraluck Sanehluxana Member Executive Human Resource Dept. (Since 01 November 2006 › Present))

7 Mrs. Suwanna Wattanalee Member Executive, Corporate Accounting & Finance (Until 30 September 2006)

8 Mr. Sakda Chantrasuriyarat Member Executive, Compliance Dept. (Until 01 September 2006)

9 Mr. Krisada Chatbunyong Member Executive, Compliance Dept. (Since 01 November 2006)

10 Mr. Apirak Poomklin Member Member Executive, Internal Audit Office

11 Mr. Chareonchai Lengsiriwat Member Executive, Office of the President and Risk Management

12 Mr. Sukchai Tangvattanapanit Member & Secretary Office of the President

Functions and responsibilities of Good Corporate Governance Committee 1) Review and revise the existing governance system of the Company to comply with the corporate governance principles stipulated by regulatory authorities. 2) Prepare an improvement plan to ensure Companyûs good governance system by coordination with departments concerned. 3) Monitor and supervise compliance with the Companyûs Good Governance Policy by all departments concerned. 4) Instill among employees cultural consciousness on good corporate governance and understanding of its importance, that would lead to their full cooperations and continuous growth of the Good Governance system. 5) Follow up local and international developments on good corporate governance practices for further applications on the Company corporate governance management if appropriate. In 2006 Corporate Governance Committeeûs Meetings were held 6 times. From the year 2006 through to February 2007 the Corporate Governance Committee played an important role in initiating the implementation of the good governance policies in the following sectors :- 1. Governance Policy : the Companyûs written governance policy was amended to enhance its scope and relevance before submission for the Boardûs approval. 2. Equitable rights of and equitable treatments towards stakeholders : To propose for the Boardûs approval upon addition of more information into the Notice of Shareholdersû Meeting through the following procedures : Posting the Notice of Shareholdersû Meeting on the Companyûs Web Site 21 days prior to the scheduled Meeting Date. Important topics related with the Board membersû biography and data are to be included therein. 3. Stakeholdersû Right : including 3.1 Make ready to introduce the çKnow Your Customeré and çCustomer Due Diligenceé programs (KYC & KDD) responding to the government announcements on rules and regulations. 3.2 Prepare guidelines on resolution voting at the shareholdersû meetings whose funds under management made investments, aimed at giving unitholdersû clear vision and fair deals. 3.3 Make amendment to the Companyûs rules and regulations on the procurement system, and adjustments to the rules on the Companyûs vehiclesû repairs. 3.4 Make plan for the Internal Control System improvement, and for Risk Managements in various sectors, contributive to the Good Corporate Governance, as follows :

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3.4 °“√®—¥∑”·ºπ°“√ª√—∫ª√ÿß√–∫∫°“√§«∫§ÿ¡¿“¬„πμ≈Õ¥®π°“√∫√‘À“√§«“¡‡ ’ˬ߄π¥â“πμà“ßÊ ‡æ◊ËÕ„À⇰‘¥°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’

䴉ᡈ

°“√ª√—∫ª√ÿß√–∫∫∫√‘À“√§«“¡∫√‘À“√§«“¡‡ ’ˬ߄π¥â“π°“√≈ß∑ÿπ¢Õß°Õß∑ÿπ¿“¬„μâ°“√®—¥°“√ °“√‡μ√’¬¡¬â“¬ ”π—°ß“π·Ààß„À¡à¢Õß∫√‘…—∑„πªï 2549 °“√√—°…“§«“¡ª≈Õ¥¿—¬¥â“π‡∑§‚π‚≈¬’·≈– “√ π‡∑»√«¡∂÷ß°“√μ√«® Õ∫∑“ߥâ“π‡∑§‚π‚≈¬’·≈– “√ π‡∑» (IT Audit)

À≈—°°“√„π°“√æ‘®“√≥“ °√≥’§«“¡º‘¥æ≈“¥„π°“√ªØ‘∫—μ‘ß“π¢Õßæπ—°ß“π

3.5 °“√‡æ‘Ë¡ «— ¥‘°“√·°àæπ—°ß“π¢Õß∫√‘…—∑„π‡√◊ËÕß°“√ª√–°—π™’«‘μπÕ°‡Àπ◊Õ®“°°“√ª√–°—πÕÿ∫—쑇Àμÿ·≈–ª√–°—π ÿ¢¿“æ·°àæπ—°ß“π∑’Ë

¡’Õ¬Ÿà·≈â«

3.6 °“√‡æ‘Ë¡™àÕß∑“ß„π°“√®—¥®”Àπà“¬√«¡∂÷߇æ‘Ë¡∫ÿ§≈“°√‡æ◊ËÕ„Àâ∫√‘°“√≈Ÿ°§â“Õ¬à“ß∑—Ë«∂÷ß ‡™àπ√–∫∫ E-Trade, Tele-Marketing ‡ªìπμâπ

3.7 °“√ π—∫ πÿπ‚§√ß°“√¥â“π —ߧ¡ ‰¥â·°à

‚§√ß°“√ Talents Awards ‡æ◊ËÕ‡ √‘¡ √â“ߧ«“¡√Ÿâ∑“ߥâ“π°“√®—¥°“√≈ß∑ÿπ·°àπ—°»÷°…“

‚§√ß°“√ª√–°«¥ MFC. Websiteûs Activities Award ‡æ◊ËÕ¡ÿàßÀ«—ß„Àâπ—°‡√’¬π, π‘ ‘μ·≈–π—°»÷°…“¡’§«“¡√Ÿâ·≈–À—π¡“„À⧫“¡ π„®

‡°’ˬ«°—∫°‘®°√√¡∑“ß°“√‡ß‘π¡“°¬‘Ëߢ÷Èπ √Ÿâ®—°‡°Á∫ÕÕ¡ ¡’°“√«“ß·ºπ·≈– π„®„π°“√∫√‘À“√ ‘π∑√—æ¬å‡æ‘Ë¡¡“°¢÷Èπ √«¡∂÷ß°“√„™â

‡∑§‚π‚≈¬’·≈– “√ π‡∑»„π°“√‡º¬·æ√à¢âÕ¡Ÿ≈‡æ◊ËÕ„À⇪ìπª√–‚¬™πå ·°àºŸâ π„®∑—Ë«‰ª

°‘®°√√¡ “∏“√≥ª√–‚¬™πåª√–®”ªï °“√∫√‘À“√®—¥°“√°Õß∑ÿπ‡ªî¥‡æ◊ËÕæ—≤π“·≈–øóôπøŸ°‘®°“√∑’ˉ¥â√—∫º≈°√–∑∫®“ ÷°π“¡‘ (Tsunami

Recovery Fund) ‡æ◊Ëՙ૬‡À≈◊ÕºŸâª√–°Õ∫°“√∏ÿ√°‘®°“√∑àÕ߇∑’ˬ«·≈–‚√ß·√¡∑’ˉ¥â√—∫º≈°√–∑∫®“°‡Àμÿ°“√≥åæ‘∫—μ¿—¬ ÷π“¡‘

°‘®°√√¡¥â“π°“√ à߇ √‘¡»“ π“

- »“ π“æÿ∑∏ ‰¥â·°à °“√√à«¡°—∫Àπ૬ߓπμà“ß Ê „π°“√∑Õ¥°∞‘π Õ“∑‘‡™àπ  ”π—°ß“πª√–°—π —ߧ¡  ¿“°“™“¥ ¡À“«‘∑¬“≈—¬

‡°…μ√»“ μ√å ‡ªìπμâπ √«¡∂÷ß°“√ π—∫ πÿπ°“√ √â“ßæ√–Ω“ß ≥ «—¥æ√–Ω“ß ®.Õÿμ√¥‘μ∂å ‡ªìπμâπ

- »“ π“Õ‘ ≈“¡ ‰¥â·°à°“√∫√‘À“√®—¥°“√°Õß∑ÿπ‡ªî¥ ‡ÕÁ¡‡Õø´’ Õ‘ ≈“¡‘°øíπ¥å ‚¥¬§à“∏√√¡‡π’¬¡°“√®—¥°“√≈ß∑ÿπ à«πÀπ÷Ëß∫√‘…—∑

®–𔉪™à«¬‡À≈◊ÕºŸâ¥âÕ¬‚Õ°“  ¿“¬„μâ§≥–°√√¡°“√»“ π“¢Õß°Õß∑ÿπ (Shariah Committee)

4. ¥â“π°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈·≈–§«“¡‚ª√àß„  ‰¥â·°à

4.1 °“√‡º¬·æ√à¢âÕ¡Ÿ≈∑’ˇ°’ˬ«¢âÕß°—∫∫√‘…—∑ºà“π∑“߇«Á∫‰´μå¢Õß∫√‘…—∑∑—Èß¿“…“‰∑¬·≈–¿“…“Õ—ß°ƒ…

4.2 °“√‡ªî¥‡º¬§”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå¢ÕßΩÉ“¬®—¥°“√ (Management Discussion & Analysis) ºà“π‡«Á∫‰´μå¢Õß∫√‘…—∑  ”π—°ß“π

§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬

5. ¥â“𧫓¡√—∫º‘¥™Õ∫¢Õߧ≥–°√√¡°“√ ‰¥â·°à

5.1 °“√‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑ª√–‡¡‘πº≈°“√ªØ‘∫—μ‘ß“πμπ‡Õß (Self Assessment) ª√–®”ªï 2549

5.2 °“√‡ πÕ„ÀâΩÉ“¬®—¥°“√®—¥„Àâ¡’‡Õ° “√·≈–¢âÕ¡Ÿ≈∑’ˇªìπª√–‚¬™πåμàÕ°“√ªØ‘∫—μ‘Àπâ“∑’Ë¢Õß°√√¡°“√„À¡à

5.3 °“√‡ πÕ„Àâ°√√¡°“√ª√—∫ª√ÿßπ‚¬∫“¬∑’Ë ”§—≠∑’ˇ°’ˬ«¢âÕß°—∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑‰¥â·°à

π‚¬∫“¬§«“¡‡ ’ˬߢÕß∫√‘…—∑

π‚¬∫“¬°“√§”π«≥¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õßμ√“ “√

π‚¬∫“¬°“√„™â ‘∑∏‘ (Proxy Voting) „π∞“π–ºŸâ∂◊ÕÀÿâπ·∑πºŸâ∂◊ÕÀπ૬≈ß∑ÿπ¿“¬„μâ°Õß∑ÿπ∑’Ë∫√‘…—∑∫√‘À“√®—¥°“√

π‚¬∫“¬°“√√—∫≈Ÿ°§â“·≈–°“√∑”∏ÿ√°√√¡‡æ◊ËÕ≈Ÿ°§â“)

π‚¬∫“¬ªÑÕß°—𧫓¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå

1. °“√≈ß∑ÿπ‡æ◊ËÕ‡ªìπ∑√—æ¬å ‘π¢Õß∫√‘…—∑®—¥°“√ (Proprietary trading)

2. °“√∑”∏ÿ√°√√¡¢Õß°Õß∑ÿπ°—∫∫ÿ§§≈∑’ˇ°’ˬ«¢âÕß (Affiliated transaction)

3. °“√√—∫º≈ª√–‚¬™πåμÕ∫·∑π‡π◊ËÕß®“°°“√∑’Ë°Õß∑ÿπ„™â∫√‘°“√∫ÿ§§≈Õ◊Ëπ (soft commission)

4. °“√≈ß∑ÿπ‡æ◊ËÕ‡ªìπ∑√—æ¬å ‘π¢Õßæπ—°ß“π (staff dealing)

π‚¬∫“¬°“√√—∫·≈–¥”‡π‘π°“√°—∫‡√◊ËÕß√âÕ߇√’¬π

√–∫∫°“√§«∫§ÿ¡·≈–°“√μ√«® Õ∫¿“¬„π

∫√‘…—∑„À⧫“¡ ”§—≠°—∫√–∫∫°“√§«∫§ÿ¡¿“¬„π ∑—Èßπ’È ‡æ◊ËÕ§«∫§ÿ¡„Àâ°“√¥”‡π‘πß“π∑ÿ°¥â“π‰¡à«à“®–‡ªìπ¥â“π°“√ªØ‘∫—μ‘ß“π °“√ ◊ËÕ “√

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Modifying the Risk Management plans involving investment of the funds under Management. Preparations on the removal of Office to a new location in 2006. Security maintenance measures in the field of Information Technology that includes the IT Audit. Establish principles on making judgments in case errors occur while performing duty. 3.5 Allow additional welfare benefits of Life Insurance to the Companyûs Employees, apart from the existing Accident and Health insurance. 3.6 Benefits and the number of personnel to provide comprehensive services to customers, such as the E-Trade system, Tele-Marketing system, etc. 3.7 The supporting social activities programs are as follows: A Talents Promotion Award Program in advance learning on the Investment Management Business. MFC Website Activities Award Program to attract studentsû attentions and encourage higher interest in monetary enterprises, promote their savings and assets management interest, as well as promote their know how in the IT application to the benefit of general public. Annual events of activities for public interest, i.e.the management of Tsunami Recovery Fund with the objectives to assist the affected tourism business sectors and hotel operator. Religious promotion activities : - Buddhist activities: cooperate with the public and/or government departments at the annual ceremony of Yellow Robes Presentation, such as the Social Security Management Office, the Red Cross Society, the Kasetsart University, inclusive of the supporting offers towards the casting of giant Buddha Image (Phra Faang) at the Phra Faang Temple, located at Uttaradit Province. - Islamic activities : manage the MFC Islamic Fund, wherefrom some accumulated portion of its Management Fee shall be donated to any foundation management, or any organizational charitable activities under the supervision of Islamic Committee (Shariah Committee). 4. Disclose of Information and Transparency 4.1 Companyûs accessibility of relevant information is made possible through its Web Site both in Thai and English. 4.2 The Companyûs Management Discussions and Analysis are accessible through its Web Site, and through the Web Sites handled by SET and SEC. 5. Accountability of the Board of Directors 5.1 Propose the 2006 Self Assessment procedures to be handled by the Board members themselves. 5.2 Propose the provision of practical information contributive to duty performance of the newly appointed Board member 5.3 Propose the Boardûs readjustments over the main operational policies as follows : Companyûs Risk Management policy Policy on fair value calculation of the bonds Policy on exercising the right of proxy voting as a shareholder on behalf of unitholders of the Fund under the Companyûs management. Policy on acceptance of customers and carry on transactions on their behalf. Conflicts of Interests prevention policy: 1. Investment for proprietary trading 2. Business transactions with related parties (affiliated transaction) 3. Acceptance of soft commission in return for the Fund using other partiesû services. 4. Investments for Staff Dealing. Policy on acknowledgement of and responsive actions upon any complaints.

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·≈–√–∫∫ “√ π‡∑»‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ ∂Ÿ°μâÕßμ“¡°Æ√–‡∫’¬∫ ¢âÕ∫—ߧ—∫μà“ß Ê ‡ªìπ‰ªμ“¡‡ªÑ“À¡“¬∑’Ë«“߉«â ·≈–™à«¬≈¥§«“¡‡ ’ˬßÀ√◊Õ

§«“¡‡ ’¬À“¬∑’ËÕ“®‡°‘¥¢÷Èπ∑—Èß®“°ªí®®—¬¿“¬„π·≈–¿“¬πÕ°Õߧå°√ ‚¥¬®—¥„Àâ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’˧√Õ∫§≈ÿ¡°“√§«∫§ÿ¡¿“¬„π„π√–¥—∫∫√‘À“√

‡™àπ Õ”π“®°“√Õπÿ¡—μ‘¢ÕߺŸâ∫√‘À“√ °“√§«∫§ÿ¡¿“¬„π„π à«π∑’ˇ°’ˬ«°—∫°“√ªØ‘∫—μ‘ß“π¿“¬„π∫√‘…—∑·≈–°“√¥Ÿ·≈∑√—æ¬å ‘π ·≈–°“√§«∫§ÿ¡¿“¬„π„π

 à«π∑’ˇ°’ˬ«°—∫√–∫∫°“√‡ß‘π¢Õß∫√‘…—∑ √«¡∑—Èß¡’Àπ૬ߓπ∑’Ë∑”Àπâ“∑’Ëμ√«® Õ∫°“√ªØ‘∫—μ‘ß“πμ“¡°ÆÀ¡“¬·≈–¢âÕ°”Àπ¥∑’ˇ°’ˬ«¢âÕß·≈–μ√«® Õ∫

¿“¬„π‡æ◊ËÕμ√«® Õ∫°“√ªØ‘∫—μ‘μ“¡√–∫∫∑’Ë«“߉«â ‚¥¬¡’§«“¡‡ªìπÕ‘ √–„π°“√√“¬ß“πº≈°“√μ√«® Õ∫ ·≈–¡’°“√∫√‘À“√§«“¡‡ ’Ë¬ß ‚¥¬°”Àπ¥

·≈–ª√–‡¡‘𧫓¡‡ ’ˬߢÕß°‘®°“√ °”Àπ¥¡“μ√°“√ªÑÕß°—π·≈–®—¥°“√§«“¡‡ ’Ë¬ß ´÷Ëß√«¡∂÷ߧ«“¡‡ ’ˬß∑’Ë¡’º≈μàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ¡’√–∫∫

‡μ◊Õπ¿—¬·≈–√“¬°“√º‘¥ª°μ‘≈à«ßÀπâ“ ·≈–¡’ΩÉ“¬∫√‘À“√§«“¡‡ ’ˬß√—∫º‘¥™Õ∫„π‡√◊ËÕß°“√§«∫§ÿ¡§«“¡‡ ’ˬߥâ“πμà“ß Ê πÕ°‡Àπ◊Õ®“°°“√μ√«® Õ∫

§«“¡‡ ’ˬ߂¥¬  ”π—°ß“πμ√«® Õ∫°‘®°“√¿“¬„π ·≈–ΩÉ“¬°”°—∫¥Ÿ·≈°“√ªØ‘∫—μ‘ß“π  ”π—°ß“πμ√«® Õ∫°‘®°“√¿“¬„π®–√“¬ß“πº≈°“√μ√«® Õ∫

μàÕ§≥–°√√¡°“√μ√«® Õ∫·≈–°√√¡°“√ºŸâ®—¥°“√æ√âÕ¡°—π

√“¬ß“π¢Õߧ≥–°√√¡°“√

§≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈– “√ π‡∑»∑“ß°“√‡ß‘π∑’˪√“°Ø„π√“¬ß“πª√–®”ªï ß∫

°“√‡ß‘π¥—ß°≈à“«®—¥∑”¢÷Èπμ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬ ‚¥¬°“√„™âπ‚¬∫“¬∫—≠™’∑’ˇÀ¡“– ¡·≈–∂◊ժؑ∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ ·≈–

„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß·≈–ª√–¡“≥°“√∑’Ë ¡‡Àμÿ ¡º≈„π°“√®—¥∑” √«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“߇撬ßæÕ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π

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1. √–∫∫ ◊ËÕ “√¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬·≈– ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å

2. Àπ—ß ◊Õ√“¬ß“πª√–®”ªï

3. ‡«Á∫‰´μå : www.mfcfund.com

4. ∫√‘°“√ Õ∫∂“¡¢âÕ¡Ÿ≈∑“ß‚∑√»—æ∑åÕ—μ‚π¡—μ‘ (IVR) : (662) 649 - 2000

5. Contact Center : (662) 649 › 2000 °¥ 0

6. »Ÿπ¬å∫√‘°“√ºŸâ∂◊ÕÀÿâπ MFC : (662) 649 › 2130 › 33

7. Àπ—ß ◊Õæ‘¡æå

8. ®¥À¡“¬¢à“«√“¬‰μ√¡“ 

9. °“√®—¥°“√ —¡¡π“‡°’ˬ«°—∫°“√≈ß∑ÿπ

°“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π

‚ª√¥¥Ÿ√“¬≈–‡Õ’¬¥„π‡√◊ËÕߧ«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå Àπâ“ 56

79

Internal control and Internal Auditing The internal control systemûs importance is well recognized by the Company of its inclusive supervisional capacity enabling the operational, communicative and Information Service sectors to be well operated and comply with the established rules and regulations ; and to reduce the risk or damages that may result from factors from internal and external organization. The Company has established systems of internal control which include internal control at the management level, such as the authorization of the executive ; internal control regarding the operation of internal operation and monitoring of assets; and the internal control of the Companyûs financial. For this purpose there is a designated department responsible for ensuring the Companyûs compliance with law and related practices, internal auditing with independence in reporting the results of auditing in order to monitoring compliance with the systems that have been given. There is a risk management system which decide and assess the business risks, determine the prevention measures and manage the risks that affect the operation of the business. There is a warning system, for warning of irregularities and the Risk Management Department responsible for controlling various risks over and apart from the risk assessment by the Internal Audit Department and the Compliance Department. The Internal Audit Department shall report the results of the audit to the Audit Committee and the President simultaneously. Report of the Board of Directors The Board of Directors is responsible upon the budgetary allocations of the Company and its subsidiary and the Financial information system report included in the Annual Report. Such Financial Report is compiled following the certified accounting standard generally adopted in Thailand by using the appropriate financial policies and practicing them regularly exercising careful discretion and calculation, as well as disclose enough important information in the remark of such financial report. In this connection, the Board of Directors has appointed the Audit Committee consisting of Independent Directors who are responsible for the standard of Financial Report and the Internal Audit Control, and also on the review of the Financial statement, prior to its monthly submission thereof to the Board of Directors. This is to ensure that the records on financial account data and the Companyûs Financial Report are complete and correct. The relevant Audit Committeeûs Report appears in the Audit Committeeûs Report that has already been included in the Annual Report. The Board of Directors agrees that in the inclusive Internal Control indicates satisfactorily acceptable level. It is believed to create reasonable confidence on the creditability of the Company and its subsidiary Companiesû Financial Reports as at 31 December 2006. Investor Relations The Companyûs disclosure of financial data as well as general non-financial data such as general information concerning the Company, operational assessments, economical situationûs analysis, annual report, and variety of writings, are circulated among shareholders and groups of stakeholders. These informations are distributed in documentation forms and through the following information channels: 1. The Mass Communication system operated by the SET and the office of SEC. 2. Annual Report . 3. Web Site: www.mfcfund.com 4. IVR, (Automatic Information telephone service) : Tel. 662-649-2000 5. Contact Center : 662-204-7000 6. Media 7. Quarterly newsletters 8. Seminars on investment Monitoring of utilizing the inside information See page 57 Conflict of Interests

80

∫ÿ§≈“°√

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81

Personnal

At the end of 2006, the Company employed 188 staffs including 5 senior executives. Office of the President 7 persons, Internal Audit Office 3 persons, Financial Engineering Department 9 persons, Company Secretary & Legal Department 4 persons, Risk Management Department 4 persons, Compliance Department 4 persons, Mutual Fund Marketing Division 29 persons, Provident Fund Marketing Division 6 persons, Private Fund Marketing Division 3 persons, New Business Division 1 persons, Property Fund Marketing Division 11 persons, Client Service and Registrar Division 6 persons, Fund Management Division 32 persons, Operation and General Administration Division 63 persons. Employee Compensation In 2006, employees including senior executives received a total of 163 million Baht in compensations (in kind of salary, bonus, and provident funds). Human Resource Development The Company focuses on enhancing efficiency and effectiveness of its staffs. The staff development strategy program is formed to harmonise with its business strategy. Emphasis is placed on developing its staffsû skill to be a professional as international standard and encouraging its staffs for training course both domestic and aboard. In addition the Company emphasises its staffs to comply with the good corporate governance and business ethic. In the year of 2006, the Company developed a human resource program as follows : 1. Setting up the time schedule for its staff to participate in various training courses of the Company, which was one of the staffsû KPI ; 2. Having training courses which concentrated on management skills, business conceptual skills and technical skills ; 3. Arranging the development of its executive competency project which consisted of management skill course, leadership training, business solution and making decision course and personality development program ; 4. Educating on wealth management to its staffs especially personal finance management; 5. Enhancing the efficiency and knowledge of its staffs, the CFA and CISA scholarship was created to encourage its staffs in order to obtain the license with respect to the Company business.

82

°“√§«∫§ÿ¡¿“¬„π

§«“¡‡ÀÁπ¢Õߧ≥–°√√¡°“√∫√‘…—∑ „π°“√ª√–™ÿ¡§≥–°√√¡°“√§√—Èß∑’Ë 341/2549 ‡¡◊ËÕ«—π∑’Ë 23 °ÿ¡¿“æ—π∏å 2550 §≥–°√√¡°“√‰¥âª√–‡¡‘π√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑√à«¡°—∫ΩÉ“¬®—¥°“√ ‚¥¬¡’§≥–°√√¡°“√μ√«® Õ∫‡¢â“√à«¡ª√–™ÿ¡¥â«¬ ´÷Ëß√–∫∫°“√§«∫§ÿ¡¿“¬„π¥—ß°≈à“«ª√–°Õ∫¥â«¬ “√– ”§—≠ 5  à«π¥â«¬°—π §◊Õ Õߧå°√·≈– ¿“æ·«¥≈âÕ¡ °“√∫√‘À“√§«“¡‡ ’Ë¬ß °“√§«∫§ÿ¡°“√ªØ‘∫—μ‘ß“π ¢ÕßΩÉ“¬∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ·≈–√–∫∫°“√μ‘¥μ“¡·≈–ª√–‡¡‘πº≈ §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“ ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π„π‡√◊ËÕß∑’Ë∑”°“√ª√–‡¡‘π¥—ß°≈à“«Õ¬à“߇À¡“– ¡·≈–‡æ’¬ßæÕ §«“¡‡ÀÁπ¢ÕߺŸâ Õ∫∫—≠™’ ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ §◊Õ π“¬ª√–«‘∑¬å «‘«√√≥∏π“πÿμ√å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡≈¢∑–‡∫’¬π 4917 ·Ààß ∫√‘…—∑ ‡Õ ‡ÕÁπ ‡Õ  ÕÕ¥‘∑ ®”°—¥ ´÷Ë߇ªìπºŸâμ√«® Õ∫ß∫°“√‡ß‘πª√–®”ªï 2549 ‰¥â„À⧫“¡‡ÀÁπ„π√“¬ß“π°“√ Õ∫∫—≠™’«à“ ‰¡àæ∫ ¢âÕ∫°æ√àÕß∑’ˇªìπ “√– ”§—≠¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π¥â“π∫—≠™’∑’Ë¡’º≈°√–∑∫Õ¬à“߇ªìπ “√– ”§—≠μàÕ°“√· ¥ß§«“¡‡ÀÁπμàÕß∫°“√‡ß‘π¢Õß∫√‘…—∑  ”À√—∫ªï  ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549

83

Internal Control

The Opinion of the Board of Directors The Companyûs internal control system was reviewed at the 341/2007 Board meeting on 23 February 2007, which the Audit Committee also attended. The internal control system being reviewed comprised 5 aspects, namely organization and the environment, risk management, management control, information and reporting system, and monitoring and evaluation system. The Board was satisfied that the Company had appropriate and sufficient internal control systems for the aspects under review. The Opinion of the External Auditor The Companyûs external auditor, Mr.Prawit Viwanthananut (Certified Public Accountant Registration No.4917) of ANS Audit Co.,Ltd., had examined the Companyûs financial statements for the year 2006 and had stated in the auditorûs report that no shortcomings were detected in the internal control system on accounting which materially affected the auditorûs opinion regarding the Companyûs financial statements for the year ended 31 December 2006.

84

(𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß) ª√–∏“π°√√¡°“√μ√«® Õ∫

(π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈) °√√¡°“√μ√«® Õ∫

(𓬰”∏√ μ쑬°«’) °√√¡°“√μ√«® Õ∫

√“¬ß“π¢Õߧ≥–°√√¡°“√μ√«® Õ∫

§≥–°√√¡°“√μ√«® Õ∫¢Õß∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ‰¥â√—∫°“√·μàßμ—Èß‚¥¬§≥–°√√¡°“√∫√‘…—∑ ‡æ◊ËÕ‡ªìπ°“√‡Õ◊ÈÕÕ”π«¬μàÕ°√–∫«π°“√ªØ‘∫—μ‘ß“π∑’Ë¥’‡°’ˬ«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ (Good Corporate Governance) „Àâ¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈¡“°¢÷Èπ ªí®®ÿ∫—π§≥–°√√¡°“√μ√«® Õ∫ ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π ‚¥¬¡’ ºŸâÕ”π«¬°“√ ”π—°ß“πμ√«® Õ∫°‘®°“√¿“¬„π∑”Àπâ“∑’ˇªìπ‡≈¢“πÿ°“√ §≥–°√√¡°“√μ√«® Õ∫¡’°”Àπ¥°“√ª√–™ÿ¡‡¥◊Õπ≈– 1 §√—Èß À√◊Õ¡“°°«à“‡¡◊ËÕ¡’§«“¡®”‡ªìπ „π√Õ∫ªï 2549 §≥–°√√¡°“√μ√«® Õ∫‰¥â¡’°“√ª√–™ÿ¡·≈–‡ πÕ√“¬ß“πμàÕ§≥–°√√¡°“√∫√‘…—∑ 12 §√—Èß ª√–™ÿ¡√à«¡°—∫ºŸâ∫√‘À“√ 1 §√—Èß ·≈–ª√–™ÿ¡√à«¡°—∫ºŸâ Õ∫∫—≠™’¿“¬πÕ° 1 §√—Èß §≥–°√√¡°“√μ√«® Õ∫‰¥âªØ‘∫—μ‘Àπâ“∑’ËÀ≈—°Õ—π‰¥â·°à °“√ Õ∫∑“π·≈–°“√¥Ÿ·≈„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π·≈–°“√μ√«® Õ∫¿“¬„π∑’ˇÀ¡“– ¡ √«¡∑—Èß ‰¥âæ‘®“√≥“„À⧫“¡‡ÀÁπ™Õ∫°—∫√“¬ß“π°“√ Õ∫∫—≠™’¢ÕߺŸâ Õ∫∫—≠™’„π°“√μ√«® Õ∫ß∫°“√‡ß‘π∑—Èß√“¬‰μ√¡“  ·≈–ß∫°“√‡ß‘πª√–®”ªï πÕ°®“°π’È §≥–°√√¡°“√μ√«® Õ∫¬—߉¥â Õ∫∑“π°“√ªØ‘∫—μ‘ß“π¢Õß∫√‘…—∑„À⇪ìπ‰ªμ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥ À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ ·≈–°ÆÀ¡“¬μà“ß Ê ∑’ˇ°’ˬ«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ ®—¥„Àâ¡’°“√ ‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’ˬ«°—∫∫ÿ§§≈À√◊Õπ‘μ‘∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå ·≈–√“¬°“√√–À«à“ß°—π √«¡∂÷ß °“√æ‘®“√≥“§—¥‡≈◊Õ° ‡ πÕ·μàßμ—Èß·≈–‡ πÕ§à“μÕ∫·∑πºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ §≥–°√√¡°“√μ√«® Õ∫‡ÀÁπ«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑„πªí®®ÿ∫—π ¡’§«“¡‡À¡“– ¡·≈–‡æ’¬ßæÕ

85

(Mr. Prapan Siriratthamrong) Chairman, Audit Committee

(Mr. Adisorn Thananan-narapool) Member, Audit Committee

(Mr. Kamthorn Tatiyakavee) Member, Audit Committee

Statement of the Audit Committee

The Audit Committee was appointed by the Board of Directors to ensure and enhance effective good corporate governance practices. The Committee is composed of three independent directors with Head of the Internal Audit Office serving as the Committee Secretary. The Committee has a monthly meeting or more frequently if necessary. In 2006, the Committee had 12 meetings, reports on which were submitted to the Board of Directors. In addition, the Committee held a meeting with the Management Team and a meeting with the External Auditor. The Committee implemented its principal activities including reviews of the internal control system and making recommendations to enhance its effectiveness and efficiency, approval of the Auditorûs reports on the quarterly and the annual financial statements. In addition, the Committee implemented reviews of the Companyûs operations to ascertain compliance with the securities and exchange law, rules and regulations prescribed by the Office of the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) and other applicable laws and regulations, as well as disclosure of information concerning potential conflicts of interest and related-party transactions. The Committee was also obliged to select and propose the appointment of the External Auditor and its remuneration. In the Committeeûs opinion, the existing internal control system of the company is appropriate and adeguate.

86

√“¬°“√√–À«à“ß°—π

¢âÕ¡Ÿ≈√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) (MFC) ·≈–∫√‘…—∑¬àÕ¬ - ∫√‘…—∑ ‡ÕÁ¡‡Õø ‚Œ≈¥‘Èß ®”°—¥ (MFH) °—∫∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå„πªï 2549  “¡“√∂ √ÿª‰¥â¥—ßπ’È

∫ÿ§§≈∑’ËÕ“®¡’§«“¡ ¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå

√“¬°“√√–À«à“ß°—π ≈—°…≥–§«“¡ —¡æ—π∏å

MFC MFH ¡Ÿ≈§à“1 ¢âÕ¡Ÿ≈Õ◊Ëπ2

1. ∏𓧓√∑À“√‰∑¬ (TMB) 2. ∏𓧓√ÕÕ¡ ‘π (GSB)

‡ªìπºŸâ∂◊ÕÀÿâπ√“¬„À≠à ¢Õß MFC ‡ªìπºŸâ∂◊ÕÀÿâπ√“¬„À≠à ¢Õß MFC

MFC Ω“°‡ß‘π°—∫ TMB

(Ω“°ª√–®”) MFC

Ω“°‡ß‘π°—∫ TMB (ÕÕ¡∑√—æ¬å)

MFC Ω“°‡ß‘π°—∫ TMB (°√–· √“¬«—π)

- - - -

TMB ∂◊ÕÀπ૬ ≈ß∑ÿπ¢Õß MFC

-

MFC Ω“°‡ß‘π°—∫ GSB

(Ω“°ª√–®”) MFC

Ω“°‡ß‘π°—∫ GSB (Ω“°ª√–®”)

GSB ∂◊ÕÀπ૬ ≈ß∑ÿπ¢Õß MFC

- - -

MFH ∂◊Õ„∫√—∫Ω“°‡ß‘πΩ“°ª√–®”¢Õß

TMB MFH

Ω“°‡ß‘π°—∫ TMB (Ω“°ª√–®”)

MFH Ω“°‡ß‘π°—∫ TMB

(Ω“°ª√–®”) MFH

Ω“°‡ß‘π°—∫ TMB (ÕÕ¡∑√—æ¬å)

-

MFH Ω“°‡ß‘π°—∫ GSB

(Ω“°ª√–®”) - -

MFH Ω“°‡ß‘π°—∫ GSB

(Ω“°ª√–®”) -

1,357.88 ∫“∑

10,746.41

∫“∑

0.24 ≈â“π∫“∑

40.00

≈â“π∫“∑

33.70 ≈â“π∫“∑

1,074.92

∫“∑

0.14 ≈â“π∫“∑

3,578.52 ≈â“π∫“∑ 1,071.71

∫“∑

20.00 ≈â“π∫“∑

45.00

≈â“π∫“∑

76.00 ≈â“π∫“∑

3,047.62 ≈â“π∫“∑

Õ = 3.5.%

Õ =

0.00%

Õ = 0.00%

Õ =

2.50%

Õ = 5.00%

Õ =

3.25.%

Õ = 0.50%

-

Õ = 3.25%

Õ =

5.45%

Õ = 5.00%

Õ =

5.60% -

87

Connected Transactions

Transactions with connected parties conducted by MFC Asset Management Public Company Limited and its subsidiary MF Holdings Company Limited (çMFHé) in 2006 are summarized in the table below.

Name of connected party

Type of transaction with Relationship with MFC MFC MFH

Transaction Value1

Other Information2

1. Thai Military Bank (TMB) 2. Government Savings Bank (GSB)

Major shareholder One of MFCûs major shareholders held more than 10% of KTBûs registered capital

Fixed deposit with TMB

Savings deposit with TMB

Current Account with TMB

TMB invested in funds under

MFCûs management

- - -

Fixed deposit with GSB

Fixed deposit with GSB

GSB invested in funds under

MFCûs management

- - - -

Investment in TMBûs

Certificated of time deposit. Fixed deposit with TMB

Fixed deposit with TMB

Savings deposit with TMB

Fixed deposit GSB

Fixed deposit GSB

- - -

Baht 1,357.88

Baht 10,746.41 Baht 0.24 Million Baht

3,578.52 Million

Baht

40.00 million

Baht 1,074.92

Baht 33.70

Baht 0.14 Million Baht

1,071.71

Baht 76.00 Million

Baht 20.00 Million

Baht 45.00 Million Baht

3,047.52 Million

i = 3.50% i =

0.00% i =

0.00% -

i = 2.50%

i = 3.25% i =

5.00% i =

0.50% i =

3.25%

i = 5.60% i =

5.45% i =

5.00% -

88

∫ÿ§§≈∑’ËÕ“®¡’§«“¡ ¢—¥·¬âß∑“ߺ≈ª√–‚¬™πå

√“¬°“√√–À«à“ß°—π ≈—°…≥–§«“¡ —¡æ—π∏å

MFC MFH ¡Ÿ≈§à“1 ¢âÕ¡Ÿ≈Õ◊Ëπ2

3. ∏𓧓√°√ÿ߉∑¬ (KTB) 4. ∏𓧓√ Õ“§“√ ß‡§√“–Àå (GHB) 5. ∫√‘…—∑ ‰∑¬‚Õ√‘° å≈‘  ‘Ëß ®”°—¥ (TOLC)

‡ªìπ∫√‘…—∑∑’˺Ÿâ∂◊ÕÀÿâπ √“¬„À≠à ¢Õß MFC (°√–∑√«ß°“√§≈—ß) ∂◊ÕÀÿâπ‡°‘π 10% ¢Õß∑ÿπ®¥∑–‡∫’¬π ‡ªìπ∫√‘…—∑∑’˺Ÿâ∂◊ÕÀÿâπ √“¬„À≠à¢Õß MFC (°√–∑√«ß°“√§≈—ß) ∂◊ÕÀÿâπ‡°‘π 10% ¢Õß∑ÿπ®¥∑–‡∫’¬π ‡ªìπ∫√‘…—∑∑’˺Ÿâ∂◊ÕÀÿâπ √“¬„À≠à¢Õß MFC (∏𓧓√∑À“√‰∑¬) ∂◊ÕÀÿâπ‡°‘π 10% ¢Õß∑ÿπ®¥∑–‡∫’¬π

MFC Ω“°‡ß‘π°—∫ KTB

(Ω“°ª√–®”) -

MFC Ω“°‡ß‘π°—∫ KTB

(ÕÕ¡∑√—æ¬å) -

KTB ∂◊ÕÀπ૬≈ß∑ÿπ

¢Õß MFC MFC

Ω“°‡ß‘π°—∫ GHB (Ω“°ª√–®” (3))

-

MFC Ω“°‡ß‘π°—∫ GHB

(Ω“°ª√–®”) MFC

Ω“°‡ß‘π°—∫ GHB (Ω“°ª√–®”)

-

MFC Ω“°‡ß‘π°—∫ GHB

(ÕÕ¡∑√—æ¬å) TOLC

∂◊ÕÀπ૬≈ß∑ÿπ ¢Õß MFC

-

MFH Ω“°‡ß‘π°—∫ KTB

(Ω“°ª√–®”) -

MFH Ω“°‡ß‘π°—∫ KTB

(ÕÕ¡∑√—æ¬å) - -

MFH Ω“°‡ß‘π°—∫ GHB

(Ω“°ª√–®”(1)) - -

MFH Ω“°‡ß‘π°—∫ GHB

(Ω“°ª√–®”) - -

13,058.32 ∫“∑

1,200.46 ∫“∑

738.92 ∫“∑

12,762.67

∫“∑

813.15 ≈â“π∫“∑

3.86

≈â“π∫“∑

74.00 ≈â“π∫“∑

30.00

≈â“π∫“∑

5,024.81 ∫“∑

5,385.46

∫“∑

5,113.54 ∫“∑

17.41

≈â“π∫“∑

Õ = 3.50%

Õ = 3.50%

Õ =

0.00%

Õ = 0.50%

-

Õ = 3.50%3

Õ = 5.00%

Õ =

5.25%

Õ = 0.00%

Õ =

4.50%

Õ = 0.00%

-

À¡“¬‡Àμÿ : 1 ¡Ÿ≈§à“ ≥ «—π ‘Èπªï 2549 2 Õ = Õ—μ√“¥Õ°‡∫’ȬμàÕªï ∂—«‡©≈’ˬ ≥ «—π ‘Èπªï 3 Õ = Õ—μ√“¥Õ°‡∫’Ȭ‡ß‘πΩ“°ª√–®” 1 ªï ¢Õß GHB (ªí®®ÿ∫—π‡∑à“°—∫ 3.50%)  ”À√—∫‡ß‘πΩ“°‡æ◊ËէȔª√–°—π°“√ °Ÿâ¬◊¡‡ß‘π‡æ◊ËÕ∑’ËÕ¬ŸàÕ“»—¬´÷Ë߇ªìπ «— ¥‘°“√¢Õßæπ—°ß“π∫√‘…—∑ ∫√‘…—∑¡’π‚¬∫“¬„π°“√∑”√“¬°“√√–À«à“ß°—π‚¥¬§”π÷ß∂÷ߪ√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑‡ªì𠔧—≠ ∑—Èßπ’È „π°“√∑”∏ÿ√°√√¡¥—ß°≈à“«¢â“ßμâπ ∫√‘…—∑‰¥â§”π÷ß∂÷ߧ«“¡®”‡ªìπ·≈–§«“¡ ¡‡Àμÿ ¡º≈¢Õß√“¬°“√¥—ß°≈à“««à“‡ªìπ‰ª‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑ ·≈–∂◊Õ‡ ¡◊Õπ‡ªìπ√“¬°“√∑’Ë°√–∑”°—∫∫ÿ§§≈¿“¬πÕ° πÕ°®“°π’È °“√æ‘®“√≥“Õπÿ¡—μ‘∏ÿ√°√√¡¥—ß°≈à“«‰¥â°√–∑”‚¥¬ºŸâ∑’ˉ¡à¡’ à«π‰¥â‡ ’¬„π∏ÿ√°√√¡π—Èπ

89

3. Krung Thai Bank (KTB) 4. Government Housing Bank (GHB) 5. Thai Orix Leasing Co., Ltd. (TOLC)

One of MFCûs major shareholders (Ministry of Finance) held more than 10% of KTBûs registered capital One of MFCûs major shareholders (Ministry of Finance) held more than held more than 10% of GHBûs registered capital One of MFCûs major shareholders (Thai Military Bank) held more than 10% of TOLCûs registered capital

Fixed deposit with KTB

-

Savings deposit with KTB

-

KTB invested in funds under

MFC management Fixed3 deposit

with GSB

Fixed deposit with GSB

Fixed deposit with GSB

Savings deposit with GHB

- -

TOLC invested in funds under

MFCûs management

-

Fixed Deposit with KTB

-

Savings deposit with KTB

- - - - -

Deposit with GHB

Deposit with GHB

-

Baht 13,058.32

Baht 1,200.46

Baht 738.92

Baht 12,762.67

Baht 813.15 million

Baht 3.86 million

Baht 30.00 million Baht

5,024.81 Baht

5,113.54 Baht 74.00

million Baht

5,385.46 Baht 17.41

million

i = 3.50%

i = 3.50% i =

0.00% i =

0.50% -

i = 3.50% 3

i = 5.25% i =

0.00% i =

0.00% i =

5.00% i =

4.50% -

Notes : 1 Value as at 31 December 2006. 2 i = annual rate of interest, year-end average 3 i = GHBûs 1-year fixed deposit rate (currently 3.50%) applied to deposits for guarantee of housing loans to MFCûs employees which are part of MFCûs employee benefits package Connected- party transactions are undertaken in the best interest of the Company. The above transactions were necessary and reasonable and were conducted in the best interest of the Company on an armûs length basis. In addition, these transactions were approved by persons having no beneficial interest therein.

Name of connected party

Relationship with MFC MFC MFH

Type of transaction with Transaction Value1

Other Information2

90

°“√∂◊ÕÀÿâπ„π∫√‘…—∑¢Õߧ≥–°√√¡°“√·≈–§≥–®—¥°“√ Holding of MFC Shares by Directors and Management

§≥–°√√¡°“√/Board of Directors π“¬≥√ߧ噗¬ Õ—§√‡»√≥’ Mr. Narongchai Akrasanee π“¬∫ÿ≠»—°¥‘Ï ‡®’¬¡ª√’™“ Mr.Boonsak Chiempricha π“¬¡π—  ·®à¡‡«À“ Mr. Manas Jamveha 𓬮—°√°ƒ»Ø‘Ï æ“√“æ—π∏°ÿ≈ Mr. Chakkrit Parapuntakul 𓬫‘»‘…∞å «ß»å√«¡≈“¿ Mr. Visit Vongruamlarp π“¬¬ß¬ÿ∑∏ μ–√‘‚¬ Mr. Yongyuth Tariyo π“ß “«™ÿ¡æ√ √—μ¡ß§≈ Miss Choomporn Ratamongkol 𓬪√–æ—π∏å »‘√‘√—μπå∏”√ß Mr. Prapan Siriratthamrong π“¬Õ¥‘»√ ∏ππ—π∑åπ√“æŸ≈ Mr. Adinson Thana-narapool 𓬰”∏√ μ쑬°«’ Mr. Kamthorn Tatiyakavee 𓬠ÿ√‡∏’¬√ ®—°√∏√“ππ∑å Mr. Surathian Chakthranont π“¬æ‘™‘μ Õ—§√“∑‘μ¬å Mr. Pichit Akrathit

®”π«πÀÿâπ∑’Ë∂◊ÕÕ¬Ÿà„πªï 2549 (ªî¥ ¡ÿ¥∑–‡∫’¬π

≥ 30 ∏—𫓧¡ 2549) Number of MFC Share Held

in 2006 (Closing of the Share Register

Book on 30 December 2006)

®”π«πÀÿâπ∑’Ë∂◊ÕÕ¬Ÿà„πªï 2548 (ªî¥ ¡ÿ¥∑–‡∫’¬π

≥ 30 ∏—𫓧¡ 2548) Number of MFC Share Held

in 2005 (Closing of the Share Register

Book on 30 December 2005)

√“¬™◊ËÕ Name

- - - - - - - - - - - -

- - - - - - - - - - - -

91

§≥–®—¥°“√/The Management π“¬æ‘™‘μ Õ—§√“∑‘μ¬å Mr. Pichit Akrathit 𓬙—¬æπ∏å ‚Õ ∂“æ—π∏ÿå Mr. Chaibhondh Osataphan 𓬠ÿπ∑√ æ®πå∏π¡“» Mr. Soontorn Pojthanamas 𓬇®…Æ“«—≤πå ‡æ√’¬∫®√‘¬«—≤πå Mr. Jesadavat Priebjrivat 𓬠¡æ√ ∫ÿ√‘π∑√“∏‘°ÿ≈ Mr. Somporn Burintrathikul π“ߪ√–‰æ»√’ π—π∑‘¬“ Mrs. Prapaisri Nuntiya π“ßπ‘¿“æ√√≥ √’Èæ≈°ÿ≈ Mrs. Nipapan Reepolkul 𓬙“≠ æ«ß ÿ¥√—° Mr. Charn Puangsudrak π“ß®‘√“æ√ ∫ÿ≠«“π‘™ Mrs. Jiraporn Boonvanich π“¬πææ√ ≈‘¡ª«ÿ≤‘«√“ππ∑å Mr. Nopporn Limpavuttivaranon π“ßæ—≥≥√—™μå ∫√√æ‚μ Mrs. Pannarat Bhanpato π“ß‚»¿‘¥“ ≈Ÿà«’√–æ—π∏å Mrs. Sopida Luveeraphan 𓬻ÿ¿°√  ÿπ∑√°‘® Mr Supakorn Soontornkit π“¬μ√‘≥≠å Õ‘π∑√‚Õ¿“  Mr. Trin Indra-Opas

®”π«πÀÿâπ∑’Ë∂◊ÕÕ¬Ÿà„πªï 2549 (ªî¥ ¡ÿ¥∑–‡∫’¬π

≥ 30 ∏—𫓧¡ 2549) Number of MFC Share Held

in 2006 (Closing of the Share Register

Book on 30 December 2006)

®”π«πÀÿâπ∑’Ë∂◊ÕÕ¬Ÿà„πªï 2548 (ªî¥ ¡ÿ¥∑–‡∫’¬π

≥ 30 ∏—𫓧¡ 2548) Number of MFC Share Held

in 2005 (Closing of the Share Register

Book on 30 December 2005)

√“¬™◊ËÕ Name

-

800 - - - - - - - - - - - -

-

800 - - - - - - - - - - - -

°“√∂◊ÕÀÿâπ„π∫√‘…—∑¢Õߧ≥–°√√¡°“√·≈–§≥–®—¥°“√ Holding of MFC Shares by Directors and Management

92

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π¢Õß∫√‘…—∑

º≈°“√¥”‡π‘πß“π‚¥¬√«¡¢Õß∫√‘…—∑„πªï 2549 π—∫«à“‡ªìπ∑’Ëπà“æÕ„® ‚¥¬¡’ªí®®—¬À≈—°¡“®“°°“√¢¬“¬μ≈“¥„π‡™‘ß√ÿ°¡“°¢÷Èπ „πªï∑’˺à“π¡“∫√‘…—∑¡ÿà߇æ‘Ë¡¢π“¥¢Õß°Õß∑ÿπ√«¡∑’Ë¡’Õ¬Ÿà‡¥‘¡ ·≈–®—¥μ—Èß°Õß∑ÿπ„À¡à‡æ◊ËÕ„ÀâμÕ∫ πÕßμàÕ§«“¡μâÕß°“√¢Õßμ≈“¥‚¥¬„™âπ«—μ°√√¡∑“ß°“√≈ß∑ÿπ∑’Ë∑—π ¡—¬ ‚¥¬‰¥â®—¥μ—Èß°Õß∑ÿπ√«¡„À¡à ®”π«π∑—Èß ‘Èπ 11 °Õß∑ÿπ ¡’¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘√«¡  4,292 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ °Õß∑ÿπ√«¡μ√“ “√·ÀàßÀπ’È 8 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 3,411 ≈â“π∫“∑ °Õß∑ÿπ√«¡º ¡·∫∫¬◊¥À¬ÿàπ 1 °Õß∑ÿπ ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 106 ≈â“π∫“∑ ·≈–°Õß∑ÿπ√«¡∑’Ë≈ß∑ÿπ„πμà“ߪ√–‡∑» 2 °Õß∑ÿπ¡Ÿ≈§à“∑√—æ¬å ‘π ÿ∑∏‘ 775 ≈â“π∫“∑  ”À√—∫º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ √“¬‰¥â√«¡¢Õß∫√‘…—∑„πªï 2549 ‡∑à“°—∫ 420.29 ≈â“π∫“∑ ‡ª√’¬∫‡∑’¬∫°—∫ 437.61 ≈â“π∫“∑ À√◊Õ≈¥≈ߧ‘¥‡ªìπ√âÕ¬≈– 3.96 „π¢≥–∑’Ë§à“„™â®à“¬„π°“√¥”‡π‘πß“π „πªï 2549 ‡∑à“°—∫ 300.42 ≈â“π∫“∑ ‡ª√’¬∫‡∑’¬∫°—∫ 299.86 ≈â“π∫“∑ „πªï 2548 À√◊Õ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 0.19  àߺ≈„Àâ°”‰√ ÿ∑∏‘¢Õß∫√‘…—∑≈¥≈ß√âÕ¬≈– 15.23 ®“° 103.92 ≈â“π∫“∑ À√◊Õ 0.87 ∫“∑μàÕÀÿâπ„πªï 2548 ‡ªìπ 88.09 ≈â“π∫“∑ À√◊Õ 0.73 ∫“∑μàÕÀÿâπ  “‡Àμÿ∑’Ë°”‰√ ÿ∑∏‘¢Õß ∫√‘…—∑≈¥≈ß ‡π◊ËÕß®“°√“¬‰¥âÀ≈—°¢Õß∫√‘…—∑´÷Ë߉¥â®“°§à“∏√√¡‡π’¬¡·≈–∫√‘°“√≈¥≈ß®“° 390.30 ≈â“π∫“∑ „πªï 2548 ‡ªìπ 372.43 ≈â“π∫“∑ „πªï 2549 À√◊Õ ≈¥≈ß√âÕ¬≈– 4.58 „π¢≥–∑’Ë√“¬‰¥â®“°¥Õ°‡∫’Ȭ·≈–‡ß‘πªíπº≈‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 70.34  ‘π∑√—æ¬å ∫√‘…—∑¡’ ‘π∑√—æ¬å√«¡ 1,374.04 ≈â“π∫“∑ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ≈¥≈ß√âÕ¬≈– 0.78 ®“° 1,384.87 ≈â“π∫“∑ ≥  ‘Èπªï 2548 ‚¥¬ ‘π∑√—æ¬å„πªï 2549 ª√–°Õ∫¥â«¬‡ß‘π ¥·≈–‡ß‘πΩ“°„π ∂“∫—π°“√‡ß‘π®”π«π 917.85 ≈â“π∫“∑ À√◊Õ √âÕ¬≈– 66.80 ¢Õß®”π«π ‘π∑√—æ¬å∑—ÈßÀ¡¥ ‡ß‘π≈ß∑ÿπ„πμ√“ “√Àπ’È ·≈–μ√“ “√∑ÿπ ®”π«π 2.69 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 0.20 Àπ’È ‘π·≈– à«π¢ÕߺŸâ∂◊ÕÀÿâπ ∫√‘…—∑¡’Àπ’È ‘π®”π«π 88.17 ≈â“π∫“∑ ≥  ‘Èπªï 2549 À√◊Õ≈¥≈ß√âÕ¬≈– 14.45 ®“° 103.06 ≈â“π∫“∑ ≥  ‘Èπªï 2548 „π¢≥–∑’Ë à«π¢ÕߺŸâ∂◊ÕÀÿâπ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 0.32 ®“° 1,281.80 ≈â“π∫“∑ ≥  ‘Èπªï 2548 ‡ªìπ 1,285.88 ≈â“π∫“∑ ≥  ‘Èπªï 2549 √“¬‰¥â ∫√‘…—∑¡’√“¬‰¥â®“°§à“∏√√¡‡π’¬¡·≈–∫√‘°“√≈¥≈ß®“° 390.30 ≈â“π∫“∑ „πªï 2548 ‡ªìπ 372.43 ≈â“π∫“∑ „πªï 2549 À√◊Õ ≈¥≈ß√âÕ¬≈– 4.58 „π¢≥–∑’Ë√“¬‰¥â®“°¥Õ°‡∫’Ȭ·≈–‡ß‘πªíπº≈‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 70.34 ®“° 23.67 ≈â“π∫“∑„πªï 2548 ‡ªìπ 40.31 ≈â“π∫“∑„πªï 2549 ·≈–¬—ß¡’ à«π·∫àß„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡Õ’° 1.10 ≈â“π∫“∑ ·≈–√“¬‰¥âÕ◊ËπÊ Õ’° 6.45 ≈â“π∫“∑ Õ¬à“߉√°Áμ“¡√“¬‰¥â√«¡¢Õß∫√‘…—∑≈¥≈ß√âÕ¬≈– 3.96 ®“° 437.61 ≈â“π∫“∑„πªï 2548 ‡ªìπ 420.29 ≈â“π∫“∑„πªï 2549 §à“„™â®à“¬ §à“„™â®à“¬„π°“√¥”‡π‘πß“π „πªï 2549 ‡∑à“°—∫ 300.42 ≈â“π∫“∑ ‡ª√’¬∫‡∑’¬∫°—∫ 299.86 ≈â“π∫“∑ „πªï 2548 À√◊Õ ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 0.19  “‡ÀμÿÀ≈—°∑’ˇæ‘Ë¡¢÷Èπ¡“®“° §à“„™â®à“¬‡°’ˬ«°—∫Õ“§“√ ∂“π∑’Ë·≈–Õÿª°√≥å‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 21.92 ®“° 49.92 ≈â“π∫“∑„πªï 2548 ‡ªìπ 60.86 ≈â“π∫“∑„πªï 2549 ‡π◊ËÕß®“°„π√–À«à“ߪï 2549 ∫√‘…—∑‰¥â¬â“¬∑’Ë∑”°“√®“°Õ“§“√‡≈§√—™¥“ ‰ªÕ“§“√§Õ≈—¡πå °”‰√ ÿ∑∏‘ ®“°°“√∑’Ë§à“„™â®à“¬„π°“√¥”‡π‘πß“π„πªï 2549 ‡æ‘Ë¡¢÷Èπ„π¢≥–∑’Ë√“¬‰¥â√«¡≈¥≈ß ∑”„Àâ°”‰√ ÿ∑∏‘≈¥≈ß√âÕ¬≈– 15.23 ®“° 103.92 ≈â“π∫“∑ À√◊Õ 0.87 ∫“∑μàÕÀÿâπ„πªï 2548 ‡ªìπ 88.09 ≈â“π∫“∑ À√◊Õ 0.73 ∫“∑μàÕÀÿâπ „πªï 2549

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93

Operational Performance

Operating results for 2006 showed considerable improvement. This is attributed to more aggressive marketing. Emphasis was placed on increasing the size of existing funds and launching new funds using state-of-the-art fund management techniques to meet investors demand. Eleven new funds totaling net asset value of Baht 4,292 million were set up comprising 8 General Fixed Income Funds totaling net asset value of Baht 3,411 million, 1 Flexible Portfolio Fund totaling net asset value of Baht 106 million, 2 Foreign Investment Funds totaling net asset value of Baht 775 million. In 2006, total revenue declined 3.96% from Baht 437.61 million to Bath 420.29 million while operation expense raised 0.19% from Baht 299.86 million in 2005 to Baht 300.42 million in 2006. As a result, net profit declined 15.23% from Baht 103.92 million or Baht 0.87 per share in 2005 to Baht 88.09 million or Baht 0.73 per share. The significant reason was the closing of mutual fund, result in decreasing in core revenue from management fees and service fees from Baht 390.30 million in 2005 to Baht 372.43 million in 2006 or declining 4.58%. Income from interest and dividend increase 70.34%. Assets Total assets decreased 0.78% from Baht 1,384.87 million at the end of 2005 to Baht 1,374.04 million on 31 December 2006. These comprised cash and deposits with the financial institution totaling Baht 917.85 million or 66.80% of the net asset, and the investment in debt instrument and security totaling Baht 2.69 million or 0.20 %. Liabilities and Shareholdersû Equity Total liabilities decreased 14.45% from Baht 103.06 million at the end of 2005 to Baht 88.17 million at the end of 2006. Over the same period, shareholdersû equity increased 0.32% from Baht 1,281.80 million at the end of 2005 to Baht 1,285.88 million at the end of 2006. Revenues In 2006, revenue from management fee and service fee increased 4.58% form Baht 390.30 million in 2005 to Baht 372.43 million. While interest and dividend income raised 70.34% from Baht 23.67 million in 2005 to Baht 40.31 million in 2006. In addition there was contribution from the subsidiary totaling Baht 1.10 million and other revernue totaling Baht 6.45 million. As a result, total revenues decreased 3.96% from Baht 437.61 million in 2005 to Baht 420.29 million in 2006. Expenses Operating expenses in 2006 raised 0.19% from Baht 299.86 million to Baht 300.42 million. The main reason was from the relocation of the Company from Lake Rajada Tower to Column Tower during 2006 so that there was an increase of equipment and premise expense totaling 21.92% from Baht 49.92 million in 2005 to Baht 60.86 million. Net profit While operating expenses in 2006 increased but the total revenues decreased then the net profit decreased 15.23% from Baht 103.92 million or 0.87 Baht per share in 2005 to Baht 88.09 million or 0.73 Baht per share in 2006.

Note : The above figures are derived from the consolidated financial statements.

94

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95

The Board of Directorsû Report on Its Responsibilty to Financial Report

The Board of Directors is responsible for the consolidated financial statements and the company financial statements of MFC Asset Management Public Company Limited including financial information as appeared in this annual report. The financial statements were stated in accordance with generally accepted accounting principles, applying the appropriate accounting policies and consistently adhered with careful discretion and best estimation in the preparation. Besides, significant information was disclosed sufficiently in the notes accompanying the financial statements for the benefit of shareholders and investors in a transparent manner. The Board of Directors has provided and maintained the appropriate and efficient internal control system to reasonably ensure that the accounting data are accurate, complete, and sufficient to maintain its assets and to prevent fraud and materially irregular operation. In this regard, the Board of Directors has appointed the Audit Committee to review the accounting policies, the quality of the financial reports, the internal control, and internal audit systems. The opinions of the Audit Committee with regard to the matters, which appear in the Report of the Audit Committee, are already shown this annual report. The consolidated financial statements and the company financial statement of the Company have been audited by the Companyûs Auditor, namely ANS Audit Co., Ltd. In auditing, the Board of Directors provided all relevant information and documents to enable the Auditor to examine and express his opinion in conformity with generally accepted auditing standards. The Auditorûs opinion, which appears in the auditorûs report, is already shown in this annual report. The Board of Directors is of the opinion that the overall internal control system of the Company is satisfactory and can bring about reasonable confidence that the consolidated financial statements and the company financial statements of the Company for the year ending December 31, 2006 are reliable and prepared in conformity with generally accepted accounting principles and carried out accurately in accordance with law and all relevant rules and regulations.

Dr. Pichit Akrathit President

Dr. Narongchai Akrasanee Chairman

96

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À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π (μàÕ)  ”À√—∫·μà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548

116

3. ¡Ÿ≈§à“¬ÿμ‘∏√√¡ ¡Ÿ≈§à“¬ÿμ‘∏√√¡ À¡“¬∂÷ß ¡Ÿ≈§à“∑’Ë∫√‘…—∑§“¥«à“®–‰¥â√—∫®“°°“√¢“¬ ‘π∑√—æ¬å∑“ß°“√‡ß‘πÕÕ°‰ª À√◊Õ¡Ÿ≈§à“∑’˧“¥«à“®–μâÕß®à“¬‡æ◊ËÕ°“√‰∂à∂ÕπÀπ’È ‘π∑“ß°“√‡ß‘π ‚¥¬„™â√“§“μ≈“¥À√◊Õ√“§“ª√–‡¡‘π®“°°“√§”π«≥μ“¡À≈—°°“√¢Õßμ≈“¥‡ß‘π∑’Ë„™â°—π∑—Ë«‰ª  ‘π∑√—æ¬å ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548  à«π„À≠à· ¥ß¡Ÿ≈§à“¬ÿμ‘∏√√¡‚¥¬ª√–¡“≥μ“¡®”π«π‡ß‘π∑’Ë· ¥ß „πß∫¥ÿ≈ 4.10 °”‰√ – ¡  ”√Õßμ“¡°ÆÀ¡“¬ μ“¡æ√–√“™∫—≠≠—μ‘∫√‘…—∑¡À“™π®”°—¥ ∫√‘…—∑μâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ë߉«â‡ªìπ∑ÿπ ”√Õ߉¡àπâÕ¬°«à“ √âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªï À—°¥â«¬¬Õ¥‡ß‘π¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π μ“¡ª√–¡«≈°ÆÀ¡“¬·æàß·≈–æ“≥‘™¬å ∫√‘…—∑¬àÕ¬μâÕß®—¥ √√°”‰√ ÿ∑∏‘Õ¬à“ßπâÕ¬√âÕ¬≈– 5 ‡ªìπ ”√Õßμ“¡°ÆÀ¡“¬ ∑ÿ°§√—Èß∑’˪√–°“»®à“¬‡ß‘πªíπº≈ ®π°«à“ ”√Õßμ“¡°ÆÀ¡“¬®–¡’®”π«π‡∑à“°—∫√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π  ”√Õßπ’È ®–𔉪®à“¬‡ß‘πªíπº≈‰¡à‰¥â ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548 ∫√‘…—∑¬àÕ¬¡’ ”√Õßμ“¡°ÆÀ¡“¬®”π«π 15,852,918 ∫“∑ ·≈– 15,442,304 ∫“∑ μ“¡≈”¥—∫ ´÷Ë߉¥â· ¥ß√«¡Õ¬Ÿà„𰔉√ – ¡¬—߉¡à‰¥â®—¥ √√„πß∫¥ÿ≈√«¡ ‡ß‘πªíπº≈ ∑’˪√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑‡¡◊ËÕ«—π∑’Ë 18 ‡¡…“¬π 2549 ·≈–«—π∑’Ë 20 ‡¡…“¬π 2548 ‰¥â¡’¡μ‘„Àâ®à“¬‡ß‘πªíπº≈ „πÕ—μ√“Àÿâπ≈– 0.70 ∫“∑ ·≈– 2 ∫“∑ μ“¡≈”¥—∫ 4.11 √“¬‰¥â§à“∏√√¡‡π’¬¡·≈–∫√‘°“√ √“¬‰¥â§à“∏√√¡‡π’¬¡·≈–∫√‘°“√  ”À√—∫·μà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548 ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

°“√®—¥°“√°Õß∑ÿπ√«¡ 267,628,004 319,681,426 267,628,004 319,681,426 °“√®—¥°“√°Õß∑ÿπ à«π∫ÿ§§≈ 18,704,502 9,319,249 18,704,502 9,319,249 °“√®—¥°“√°Õß∑ÿπ ”√Õ߇≈’Ȭߙ’æ 49,193,725 41,607,595 49,193,725 41,607,595 §à“μÕ∫·∑π°“√¢“¬ 17,649,363 10,142,654 17,649,363 10,142,654 §à“∏√√¡‡π’¬¡°“√´◊ÈÕ¢“¬°Õß∑ÿπ 12,498,444 2,911,381 12,498,444 2,911,381 Õ◊ËπÊ 6,755,134 6,640,480 6,783,171 6,668,517 √«¡√“¬‰¥â§à“∏√√¡‡π’¬¡·≈–∫√‘°“√ 372,429,172 390,302,785 372,457,209 390,330,822

ß∫°“√‡ß‘π√«¡

2548 2549 2548 2549

∫“∑

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À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π (μàÕ)  ”À√—∫·μà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548

117

5. ¢âÕ¡Ÿ≈‡æ‘Ë¡‡μ‘¡ 5.1 º≈ª√–‚¬™πåÕ◊Ëπ∑’Ë®à“¬·°à°√√¡°“√·≈–ºŸâ∫√‘À“√ ∫√‘…—∑‰¡à¡’°“√®à“¬º≈ª√–‚¬™πåÕ◊Ëπ·°à°√√¡°“√·≈–ºŸâ∫√‘À“√ πÕ°‡Àπ◊Õ®“°º≈ª√–‚¬™πå∑’Ëæ÷ß®à“¬μ“¡ª°μ‘ ‰¥â·°à ‚∫π—  ·≈–‡∫’Ȭª√–™ÿ¡ 5.2  —≠≠“‡™à“√–¬–¬“« ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549  —≠≠“‡™à“√–¬–¬“«ª√–°Õ∫¥â«¬ ∫√‘…—∑ “¡“√∂μàÕÕ“¬ÿ —≠≠“‡™à“‰¥âÕ’° 3 ªï‚¥¬„™â‡ß◊ËÕπ‰¢‡¥’¬«°—∫ —≠≠“©∫—∫‡¥‘¡ ‚¥¬¬◊π¬—π‡ªìπ≈“¬≈—°…≥åÕ—°…√‰ª¬—ߺŸâ„À⇙à“≈à«ßÀπâ“ 90 «—π°àÕπ°“√ ‘Èπ ÿ¥ —≠≠“ 5.3 √“¬°“√∫—≠™’°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’ˇ°’ˬ«¢âÕß°—π ∫√‘…—∑¡’√“¬°“√∫—≠™’∫“ß à«π°—∫∫√‘…—∑¬àÕ¬´÷Ë߇ªìπ°‘®°“√∑’ˇ°’ˬ«¢âÕß°—π‚¥¬°“√∂◊ÕÀÿâπ √“¬°“√√–À«à“ß°—π°—∫∫√‘…—∑¬àÕ¬ ∑’Ë¡’ “√– ”§—≠∑’Ë√«¡‰«â„πß∫°“√‡ß‘π„™â√“§“μ“¡ª°μ‘∏ÿ√°‘®‚¥¬∂◊Õμ“¡√“§“μ≈“¥∑—Ë«‰ªÀ√◊Õ‡ªìπ‰ªμ“¡ —≠≠“∑’Ëμ°≈ß °—π‰«â ”À√—∫√“¬°“√∑’ˉ¡à¡’√“§“μ≈“¥ ¬Õ¥§ß‡À≈◊Õ·≈–√“¬°“√∫—≠™’∑’Ë¡’°—∫∫√‘…—∑¬àÕ¬¥—ß°≈à“«¡’¥—ßπ’È  ”À√—∫ªï  ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548 ¡’¥—ßπ’È

Õ“§“√·≈– —≠≠“∫√‘°“√

√–¬–‡«≈“‡™à“∑’ˇÀ≈◊ÕÕ¬Ÿà ª√–‡¿∑ ®”π«π‡ß‘π§à“‡™à“∑’Ë®–®à“¬μàÕ‰ª®π ‘Èπ ÿ¥ —≠≠“ (∫“∑)

¡.§. 50 - °.§. 51 28,758,570

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

√“¬‰¥â§à“∏√√¡‡π’¬¡·≈–∫√‘°“√ 28,037 28,037 ‡ß‘πªíπº≈√—∫ 12,501,873 7,501,124

2548 2549

∫“∑

6. °“√Õπÿ¡—μ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’ȉ¥â√—∫Õπÿ¡—μ‘„ÀâÕÕ°‚¥¬°√√¡°“√ºŸâ¡’Õ”π“®¢Õß∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 2 °ÿ¡¿“æ—π∏å 2550

∫“∑

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

√“¬‰¥â√—∫≈à«ßÀπâ“ 10,514 10,514

2548 2549

∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ ‡ÕÁ¡‡Õø´’ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π (μàÕ)  ”À√—∫·μà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2549 ·≈– 2548

118

MFC Asset Management Public Company Limited and Subsidiary

Financial Statements

for Each of the Years Ended December 31, 2006 and 2005

and Audit report of Certified

Public Accountant

119

AUDIT REPORT OF CERTIFIED PUBLIC ACCOUNTANT

To the Shareholders of MFC Asset Management Public Company Limited I have audited the accompanying consolidated balance sheets of MFC Asset Management Public Company Limited and its subsidiary as at December 31, 2006 and 2005, and the consolidated statements of income, changes in shareholdersû equity and cash flows for each of the years then ended. I have also audited the balance sheets of MFC Asset Management Public Company Limited as at December 31, 2006 and 2005, and the statements of income, changes in shareholdersû equity and cash flows for each of the years then ended. The Companyûs management is responsible for the correctness and completeness of information presented in these financial statements. My responsibility is to express an opinion on these financial statements based on my audits. Except for the matter as described in the third paragraph, I conducted my audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audits provide a reasonable basis for my opinion. As described in Note 4.4 to the financial statements, as at December 31, 2006 and 2005 the Company has the overseas investment in Asean Investment Trust with the carrying value of Baht 287.17 million and Baht 286.07 million respectively, presented under investment in associated company, which was recorded by the equity method based on financial information of the fund as at December 31, 2006 and 2005 which has not been audited by the auditor. The consolidated statements of income and the Companyûs statements of income for each of the years ended December 31, 2006 and 2005, include a share of the profit of this fund in the amount of Baht 1.10 million and Baht 8.90 million, respectively. In my opinion, except for the effect of such adjustment, if any , as might have been determined to be necessary had I been able to satisfy myself as to the matter as described in the third paragraph, the financial statement referred to above present fairly, in all material respects, the consolidated financial position of MFC Asset Management Public Company Limited and subsidiary as at December 31, 2006 and 2005, and the consolidated results of their operations and cash flows for each of the year then ended and the separate financial positions and results of operations and cash flows of MFC Asset Management Public Company Limited for the same period, in conformity with generally accepted accounting principles. Prawit Viwanthananut Certified Public Accountant Registration Number 4917 ANS Audit Co., Ltd. Bangkok, February 2, 2007

120

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY BALANCE SHEETS AS AT DECEMBER 31, 2006 AND 2005

The accompanying notes are an integral part of these financial statements.

Baht

The Company Only

2005

ASSETS Cash and cash equivalents 3.3, 4.1 201,989,647 123,229,563 97,641,923 116,682,250 Long-term deposits at fnancialinstitutions 3.4, 4.2 715,861,938 651,377,817 276,860,866 279,176,770 Investments in debt and equity securities Current-term investments - net 3.5, 4.3 - 231,031,824 - 69,210,705 Long-term investments - net 3.5, 4.3 2,694,362 1,133,754 2,694,362 1,133,754 Investments in subsidiary and associated company 3.6, 4.4 287,169,356 286,067,556 834,874,214 829,644,545 Equipment - net 3.7, 4.5 80,231,910 20,446,112 80,231,910 20,446,112 Intangible assets - net 3.8, 4.6 5,497,677 4,630,841 5,497,677 4,630,841 Other assets 4.7 80,598,193 66,947,614 72,097,182 61,944,086 TOTAL ASSETS 1,374,043,083 1,384,865,081 1,369,898,134 1,382,869,063

2006

Consolidated

2005 2006 Notes

121

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY BALANCE SHEETS (Continued)

AS AT DECEMBER 31, 2006 AND 2005

The accompanying notes are an integral part of these financial statements.

Baht

The Company Only

2005

LIABILITIES AND SHAREHOLDERSû EQUITY LIABILITIES Accrued income tax 12,719,059 10,921,429 8,690,816 9,057,779 Accrued expenses 39,840,207 55,798,260 39,716,207 55,674,260 Money received on behalf of investment unitholders and funds 31,381,745 32,115,020 31,381,745 32,115,021 Other liabilities 4, 8 4,225,511 4,229,104 4,232,882 4,237,175 TOTAL LIABILITIES 88,166,522 103,063,813 84,021,650 101,084,235 SHAREHOLDERSû EQUITY Share capital Authorized share capital: 120,000,000 ordinary shares, Baht 1 par value 120,000,000 120,000,000 120,000,000 120,000,000 Issued and paid-up share capital: 120,000,000 ordinary shares, Baht 1 par value 120,000,000 120,000,000 120,000,000 120,000,000 Premium on share capital 680,000,000 680,000,000 680,000,000 680,000,000 Retained earnings: 4.10 Appropriated: Legal reserve 12,000,000 12,000,000 12,000,000 12,000,000 Reserve for maintaining securities price level 5,000,000 5,000,000 5,000,000 5,000,000 Reserve for business expansion 10,000,000 10,000,000 10,000,000 10,000,000 General reserve 50,000,000 50,000,000 50,000,000 50,000,000 Unappropriated 408,876,484 404,784,828 408,876,484 404,784,828 Shareholdersû Equity of the Parent Company 1,285,876,484 1,281,784,828 1,285,876,484 1,281,784,828 Minority interests 77 16,440 - Total Shareholdersû Equity 1,285,876,561 1,281,801,268 1,285,876,484 1,281,784,828 TOTAL LIABILITIES AND SHAREHOL DERSû EQUITY 1,374,043,083 1,384,865,081 1,369,898,134 1,382,869,063

2006

Consolidated

2005 2006 Notes

122

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The accompanying notes are an integral part of these financial statements.

Baht

The Company Only

2005

REVENUES 3 Fees and service income 4.11 372,429,172 390,302,785 372,457,209 390,330,822 Interest and dividend 40,311,761 23,665,391 16,440,968 11,799,469 Share of proft of subsidiary and associated company 4.4 1,101,801 8,898,061 17,731,543 17,110,342 Other income 6,448,495 14,739,192 6,448,495 14,739,192 Total Revenues 420,291,229 437,605,429 413,078,215 433,979,825 EXPENSES 3 Fees and service expenses 14,050,453 11,907,652 14,050,453 11,907,652 Operating expenses Personnel expenses 186,110,596 190,214,729 186,110,596 190,214,729 Premises and equipment expenses 60,863,739 49,922,400 60,863,739 49,922,400 Taxes and duties 747,840 330,590 747,840 330,590 Directorûs remuneration 7,524,000 8,458,500 7,524,000 8,458,500 Advertising and promotion expenses 16,046,699 23,382,541 16,046,699 23,382,541 Other expenses 15,078,236 15,643,685 14,968,880 15,537,632 Total Expenses 300,421,563 299,860,097 300,312,207 299,754,044 Profit before Income Tax 119,869,666 137,745,332 112,766,008 134,225,781 Income Tax 3 31,794,373 33,825,388 24,674,352 30,305,838 Profit after Income Tax 88,075,293 103,919,944 88,091,656 103,919,943 Minority Interests 16,363 1 - - NET PROFIT 88,091,656 103,919,943 88,091,656 103,919,943 Basic Earnings per Share 3.14 0.73 0.87 0.73 0.87 Weighted Average Number of Ordinary Shares (Shares) 3.14 120,000,000 120,000,000 120,000,000 120,000,000

2006

Consolidated

2005 2006 Notes

123

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY STATEMENTS OF CHANGES IN SHAREHOLDERSû EQUITY

FOR EACH OF THE YEARS ENDED DECEMBER 31, 2006 AND 2005

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124

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY STATEMENTS OF CHANGES IN SHAREHOLDERSû EQUITY

FOR EACH OF THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The

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1,28

1,78

4,82

8

Chan

ge d

uring

per

iod

Net p

rofit

- -

-

-

-

-

88,0

91,6

56

88,

091,

656

Divid

end

paid

4.10

-

-

-

-

-

- (8

4,00

0,00

0)

(84,

000,

000)

BALA

NCE

AS A

T DE

CEM

BER

31, 2

006

120,

000,

000

6

80,0

00,0

00

12,0

00,0

00

5,00

0,00

0

10,0

00,0

00

50,0

00,0

00

408,

876,

484

1,

285,

876,

484

The

Com

pany

Onl

y

Una

ppro

pria

ted

Reta

ined

Ea

rnin

gs

Gen

eral

Re

serv

e Re

serv

e fo

r Bu

sine

ss

Expa

nsio

n

Res

erve

for

Mai

ntai

ning

Se

curit

ies

Pric

e Le

vel

Lega

l Res

erve

Pr

emiu

m o

n Sh

are

Capi

tal

Ord

inar

y Sh

ares

Appr

opria

ted

Reta

ined

ear

ning

s

Not

e

STAT

EMEN

TS O

F CH

ANG

ES IN

SHA

REHO

LDER

ûS E

QU

ITY

125

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY STATEMENTS OF CASH FLOWS FOR EACH OF THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The accompanying notes are an integral part of these financial statements.

CASH FLOWS FROM OPERATING ACTIVITIES Net profit 88,091,656) 103,919,943 88,091,656 103,919,943 Add (less) adjustments to reconcile net profit to net cash from operating activities Depreciation 12,095,522) 7,093,983 12,095,522) 7,093,983 Amortization of intangible assets 2,972,421) 3,082,061 2,972,421) 3,082,061 Share of profit of subsidiary and associated companies (1,101,801) (8,898,061) (17,731,543) (17,110,342) Minority Interests (16,362) - - - Amortization of discounts of debenture (2,983,726) (2,359,096) (804,845) (730,186) Gain on disposal of equipment (485,734) (73,759) (485,734) (73,759) (Increase) Decrease in accrued interest receivable (3,782,382) 2,486,017 (284,900) 923,205 (Increase) Decrease in accrued income receivable (9,223,166) 32,473 (9,223,166) 32,473 (Decrease) Increase in accrued income tax 1,797,630 (3,755,719) (366,963) (4,087,788) (Decrease) Increase in accrued expenses (15,958,053) 1,999,457 (15,958,053) 2,023,222 Profit from operations before change in operating assets and liabilities 71,406,005) 103,527,299 58,304,395) 95,072,812 (Increase) decrease in operating assets Long-term deposits at financial institutions (64,484,121) 98,864,542 2,315,904) 98,864,542 Other assets (634,516) 2,131,202 (645,030) 2,131,202 (Decrease) increase in operating liabilities Money received on behalf of investment unit holders and funds (733,275) 834,809 (733,275) 834,809 Other liabilities (14,108) (2,123,467) (4,293) (2,125,911) Net Cash Provided by Operating Activities 5,539,985) 203,234,385 59,237,701) 194,777,454

Baht

The Company Only

2005 2006

Consolidated

2005 2006

126

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY STATEMENTS OF CASH FLOWS (Continued)

FOR EACH OF THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The accompanying notes are an integral part of these financial statements.

Baht

The Company Only

2005

CASH FLOWS FROM INVESTING ACTIVITIES Dividends received -) - 12,501,873) 7,501,124 Cash paid for purchases of invesment (1,545,057) (563,172,733) (1,545,057) (108,480,518) Proceeds from disposal of invesment 234,000,000) 435,500,000 70,000,000) 40,000,000 Cash paid for purchases of intangible assets (3,839,258) (1,004,300) (3,839,258) (1,004,300) Proceeds from disposal of equipment 684,170) 101,090 684,170) 101,090 Cash paid for purchases of building implement and equipment (72,079,756) (6,646,417) (72,079,756) (6,646,417) Net Cash Provided by (Used in) Investing Activities 157,220,099) (135,222,360) 5,721,972) (68,529,021) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid (84,000,000) (240,000,000) (84,000,000) (240,000,000) Net Cash Used in by Financing Activities (84,000,000) (240,000,000) (84,000,000) (240,000,000) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 78,760,084) (171,987,975) (19,040,327) (113,751,567) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 123,229,563) 295,217,538 116,682,250) 230,433,817 CASH AND CASH EQUIVALENTS AT END OF YEAR 201,989,647) 123,229,563 97,641,923) 116,682,250 SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION Cash paid during the period Income tax 29,996,743) 37,558,299 25,041,315) 34,393,627

2006

Consolidated

2005 2006

127

1. GENERAL INFORMATION MFC Asset Management Public Company Limited was founded on March 14, 1975 with the main objective of mobilizing savings from the general public to develop the Thai capital market. The Company is a company registered in Thailand and listed on the Stock Exchange of Thailand. The registered office of the Company is at 199 Column Building, Ground Floor and 21st › 23rd Floor, Ratchadaphisek Road, Khlong-teoy, Bangkok. As at December 31, 2006 and 2005 the Company employed 210 and 202 staff, respectively. 2. BASIS OF INTERIM FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in Thailand in compliance with the Announcement of the Office of the Securities and Exchange Commission, dated December 19, 2002 Re: çThe format of Financial Statements for Securities Companyé. Accordingly, the accompanying financial statements are intended solely to present the financial position, results of operations and cash flows in accordance with accounting principles and practices generally accepted in Thailand. Other than those disclosed in other outlines in the summary of significant accounting policies and other notes to the financial statements, these financial statements are prepared under the historical cost convention. The Company operates mainly of fund management. Therefore, the Company is not required to disclose further segment information. The financial statements of the Company have been prepared in Thai language, expressed in Thai Baht. Such financial statements have been prepared for domestic reporting purpose. For the convenience of the readers not conversant with the Thai language, an English version of financial statements has been translated from the Thai version of financial statements. The accompanying consolidated financial statements include the financial statements of MFC Asset Management Public Company Limited and its subsidiary in which the Company has control or invested over 50% of their voting rights. This subsidiary is detailed as follows:

Significant intercompany transactions between the Company and the subsidiary have been eliminated.

Percentage of Holding

December 31, Country of Registration 2005

Subsidiary MF Holdings Co., Ltd. Investment Thailand 99.99 99.99

Business Type 2006

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

128

3. SIGNIFICANT ACCOUNTING POLICIES 3.1 Basis of Consolidation The consolidated financial statements of the Company comprise the Company and its subsidiaries (together referred to as the çGroupé) and the Groupûs interest in associates. Subsidiaries Subsidiaries are those entities controlled by the Company. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control, potential voting rights that are presently exercisable or convertible are taken into account. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Associates Associates are those entities in which the Group has significant influence, but not control, over the financial and operating policies. The consolidated financial statements include the Groupûs share of the total recognized gains and losses of associates on an equity accounted basis, from the date that significant influence commences until the date that significant influence ceases. When the Groupûs share of losses exceeds its interest in an associate, the Groupûs carrying amount is reduced to nil and recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of an associate. 3.2 Revenue and Expenses Recognition Revenue and expenses of the Company and subsidiary are recognized on an accrual basis. Interest income is recognized in the income statement as it accrues. Dividend income is recognized in the income statement on the date the entityûs right to receive payments is established, which in the case of quoted securities is usually the ex-dividend date. 3.3 Cash and Cash Equivalents Cash and cash equivalents comprise cash balances, call deposits and highly liquid short-term investments with original maturities not over 3 months at the time of acquisition. 3.4 Long›term Deposits at Financial Institutions Long-term deposits at financial institutions represent fixed deposit accounts, certificates of deposit and promissory notes with original maturities over 3 months at the time of acquisition, and deposit accounts with obligations. 3.5 Investments in Debt and Equity Securities Debt securities and marketable equity securities held for trading are stated at fair value, with any resultant gain or loss recognized in the income statement. Debt securities and marketable equity securities other than those securities held for trading or intended to be held to maturity, are classified as being available-for-sale and are stated at fair value. Any resultant gains or losses are recognized in equity, except for impairment losses, until disposal whereupon the gain or loss is recognized in the income statement. Equity securities which are not marketable are stated at cost less impairment losses. Debt securities that the Group intents and is able to hold to maturity are stated at amortized cost less impairment losses. The difference between the acquisition cost and redemption value of such debt securities is amortized using the effective interest rate method over the period to maturity.

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

129

Disposal of investments On disposal of an investment, the difference between net disposal proceeds and the carrying amount, together with the associated cumulative gain or loss that was reported in equity, is recognized in the income statement. If the Group disposal of part of its holding of a particular investment, the deemed cost of the part sold is determined using the weighted average method applied to the carrying value of the total holding of the investment. 3.6 Investments in subsidiary and associated companies Investments in subsidiary and associated companies are accounted for using the equity method. 3.7 Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation Depreciation is charged to the income statement on a straight-line basis over the estimated useful lives of each part of an item of equipment over 5 years. 3.8 Intangible Assets Intangible assets that are acquired by the Company are stated at cost less accumulated amortization. Amortization Amortization is charged to the income statement on a straight-line basis over the estimated useful lives of intangible assets unless such lives are indefinite. Intangible assets with an indefinite useful life are systematically tested for impairment at each balance sheet date. Intangible assets are amortized from the date they are available for use. The estimated useful lives of computer software are 5 years. 3.9 Use of Estimates In order to prepare financial statements in conformity with generally accepted accounting standards in Thailand, management needs to make estimates and set assumptions that affect income, expenditure, assets and liabilities in order to disclose information on the valuation of assets, liabilities and contingent liabilities. Actual outcomes may, therefore, differ from the estimates used. The estimates and underlying assumptions used in the preparation of these financial statements are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 3.10 Foreign currency transactions Transactions in foreign currencies are translated at the foreign exchange rates ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated to Thai baht at the foreign exchange rates ruling at that date. Foreign exchange differences arising on translation are recognized in the income statement. 3.11 Impairment The carrying amounts of the Groupûs assets, other than investments in marketable securities, are reviewed at each balance sheet date to determine whether there is any indication of impairment. If any such indication exists, the assetûs recoverable amount is estimated.

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

130

An impairment loss is recognized whenever the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. Impairment losses are recognized in the income statement. Calculation of recoverable amount The recoverable amount is the greater of the assetûs net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money, and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs. Reversals of impairment An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the assetûs carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. All reversals of impairment losses are recognized in the income statement. 3.12 Income tax Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. 3.13 Provident Fund The Company has set up a provident fund under the Provident Fund Act B.E. 2530, which includes employee contributions and the Companyûs contributions. The provident fund is separated from the Companyûs accounts, thus is not shown in the financial statements. 3.14 Basic Earnings per Share Basic earnings per share is calculated by dividing net profit for the year by the weighted average number of common shares during the year. 4. DETAIL OF SIGNIFICANT ACCOUNTS 4.1 Cash and Cash Equivalents Cash and cash equivalents as at December 31, 2006 and 2005 consist of:

Baht

The Company Only

2005

Cash 5,000 5,000 5,000 5,000 Current and saving deposit accounts 10,011,836 18,196,108 9,573,707 11,658,222 Fixed deposits with maturities not over 3 months 191,972,811 70,028,455 88,063,216 70,019,028 Promissory nots with maturities not over 3 months - 35,000,000 - 35,000,000 Total Cash and Cash Equivalents 201,989,647 123,229,563 97,641,923 116,682,250

2006

Consolidated

2005 2006

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

131

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

4.2 Long›term Deposits at Financial Institutions Long›term deposits at financial institutions as at December 31, 2006 and 2005 consist of: As at December 31, 2005 deposits with obligation were used as collateral for letters of guarantee issued by banks. 4.3 Investments in Debt and Equity Securities Investments in Debt and Equity Securities as at December 31, 2006 and 2005 consist of: Cost and Fair Value

Baht

The Company Only

2005

Fixed deposits with maturities over 3 months 318,861,938 255,113,179 102,860,866 50,612,132 Promissory notes with maturities over 3 months 397,000,000 390,100,000 174,000,000 222,400,000 Deposits with obligation - 6,164,638 - 6,164,638 Total Long›term deposits at financial institution 715,861,938 651,377,817 276,860,866 279,176,770

2006

Consolidated

2005 2006

Amortized Cost Value

Current-term investments Held-to-maturity debt security - due within 1 year - 231,031,824 - 69,210,705 Total Current Investments - net - 231,031,824 - 69,210,705

Amortized Cost Value

2005 2006 2005 2006

Baht

The Company Only Consolidated

2005

General investments 41,660,244 1,133,754 41,660,244 1,133,754 Less Allowance for impairment (40,526,490) - (40,526,490) - Total General Investments - net 1,133,754 1,133,754 1,133,754 1,133,754 Held-to-maturity debt security 1,560,608 1,560,608 - - Total Long-term Investments - net 2,694,362 2,694,362 1,133,754 1,133,754

2006

Baht

Consolidated and The Company Only

Fair Value Cost/Amortized Cost Value

Fair Value Cost/Amortized Cost Value

Long-term inverstment

132

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

Note

: M

F Ho

lding

s Co

mpa

ny L

imite

d ha

s au

thor

ized

share

cap

ital in

the

amou

nt o

f Bah

t 2,0

00 m

illion

.

4.4

Inve

stm

ents

in s

ubsi

diar

y an

d as

soci

ated

com

pani

es

As

at

Dece

mbe

r 31

, 200

6 an

d 20

05, t

he C

ompa

ny h

as in

vestm

ents

in sh

ares

of s

ubsid

iary

and

asso

ciate

in t

he C

ompa

nyûs

fina

ncial

stat

emen

ts,

an

d inv

estm

ents

in sh

ares

of a

ssoc

iates

in th

e co

nsoli

date

d fin

ancia

l stat

emen

ts.

Inve

stmen

ts in

asso

ciate

d co

mpa

ny in

the

cons

olida

ted

finan

cial s

tatem

ents

as a

t Dec

embe

r 31,

200

6 an

d 20

05 c

onsis

ted

of:

2005

Ty

pe o

f Bu

sine

ss

Asso

ciat

e

Asea

n In

vestm

ent T

rust

Inve

stmen

t US

D 36

,000

,000

33

.33

33.3

3 31

7,46

0,00

0 31

7,46

0,00

0 28

7,16

9,35

6 28

6,06

7,55

6 -

-

Total

Inve

stmen

ts in

Asso

ciate

d co

mpa

ny in

the

cons

olida

ted

finan

cial s

tatem

ents

31

7,46

0,00

0 31

7,46

0,00

0 28

7,16

9,35

6 28

6,06

7,55

6

- -

Baht

At C

ost M

etho

d 20

06

2005

20

06

2005

20

06

2005

20

06

Paid

-up

Capi

tal

At E

quity

Met

hod

Di

vide

nd In

com

e %

of S

hare

hold

ing

Inve

stmen

ts in

asso

ciate

d co

mpa

ny in

the

cons

olida

ted

finan

cial s

tatem

ents

as a

t Dec

embe

r 31,

200

6 an

d 20

05 c

onsis

ted

of:

2005

Subs

idia

ry

MF

Holdi

ngs

Com

pany

Lim

ited

Ba

ht

99

.99

99.9

9 50

0,07

4,93

0 50

0,07

4,93

0 54

7,70

4,85

8 54

3,57

6,98

9 12

,501

,873

7,

501,

124

Total

Inve

stmen

t in

Subs

idiary

500,

075,

000

50

0,07

4,93

0 50

0,07

4,93

0 54

7,70

4,85

8 54

3,57

6,98

9 12

,501

,873

7,

501,

124

Com

pany

Asso

ciat

e

Asea

n In

vestm

ent T

rust

US

D

33.3

3 33

.33

317,

460,

000

317,

460,

000

287,

169,

356

286,

067,

556

- -

Total

Inve

stmen

ts in

36

,000

,000

317,

460,

000

317,

460,

000

287,

169,

356

286,

067,

556

- -

Asso

ciate

d Co

mpa

ny

Total

Inve

stmen

ts in

Subs

idiary

and

Ass

ociat

ed C

ompa

nies

in th

e Co

mpa

nyûs

817,

534,

930

817,

534,

930

834,

874,

214

829,

644,

545

12,5

01,8

73

7,50

1,12

4

Finan

cial S

tatem

ents

Baht

At C

ost M

etho

d 20

06

2005

20

06

2005

20

06

2005

20

06

Paid

-up

Capi

tal

Type

of

Busi

ness

At E

quity

Met

hod

Di

vide

nd In

com

e %

of S

hare

hold

ing

133

As at December 31, 2006 and 2005, the Company has the overseas investment in Asean Investment Trust with the carrying value of Baht 287.17 million and Baht 286.07 million respectively, presented under investment in associated company, which was recorded by the equity method based on the financial information of the fund as at December 31, 2006 and 2005, which has not been audited by the auditor. The consolidated statements of income and the Companyûs statements of income for each of the years ended December 31, 2006 and 2005 include share of profit of this fund in the amounts of Baht 1.10 million and Baht 8.90 million, respectively. In the fourth quarter of 2006 the Company obtained the audited financial statements of Asean Investment Trust for the year ended December 31, 2005. The Company has not retrospectively adjusted its investment as at December 31, 2005 because the difference from the audited financial statements of the fund is not material to the consolidated financial statements and the financial statements of the Company for the year 2005. In the third quarter of 2005 the Company obtained the audited financial statements of Asean Investment Trust for the year ended December 31, 2004. The Company has not retrospectively adjusted its investment as at December 31, 2004 because the difference from the audited financial statements of the fund is not material to the consolidated financial statements and the financial statements of the Company for the year 2004.

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

134

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

Offic

e im

prove

ment

2,107

,000

57,39

4,014

-

- (45

,402,1

92)

14,09

8,822

-

- -

- 2,1

07,00

0 14

,098,8

22

Offic

e eq

uipme

nt 16

,980,1

55

9,538

,890

1,560

,246

(8,09

6,967

) -

19,98

2,324

15

,538,1

95

1,516

,012

(8,09

5,854

) 8,9

58,35

3 1,4

41,96

0 11

,023,9

71

Furni

ture

and

fixtur

es

21,43

4,266

4,0

71,81

5 45

,258,7

33

(20,73

3,374

) (1,

468,8

37)

48,56

2,603

20

,969,6

79

4,742

,298

(20,53

6,371

) 5,1

75,60

6 46

4,587

43

,386,9

97

Equip

ment

24,70

6,992

1,0

75,03

5 52

,050

(1,10

1,615

) -

24,73

2,462

14

,497,7

68

3,577

,361

(1,10

1,305

) 16

,973,8

23

10,20

9,224

7,7

58,63

9

Vehic

le 23

,707,4

76

- -

(12,65

0) -

23,69

4,826

17

,484,1

35

2,259

,851

(12,64

0) 19

,731,3

46

6,223

,341

3,963

,480

Total

88

,935,8

89

72,07

9,754

46

,871,0

29

(29,94

4,606

) (46

,871,0

29)

131,0

71,03

7 68

,489,7

77

12,09

5,522

(29

,746,1

70)

50,83

9,128

20

,446,1

12

80,23

1,909

Cons

olid

ated

and

The

Com

pany

Onl

y

Chan

ge o

f Cos

t Ch

ange

of A

ccum

ulat

ed D

epre

ciat

ion

Book

Val

ue

Endi

ng

Bala

nce

Begi

nnin

g Ba

lanc

e En

ding

Ba

lanc

e Di

spos

al

Depr

ecia

- tio

n Be

ginn

ing

Bala

nce

Endi

ng

Bala

nce

Tran

fer o

ut

Disp

osal

Tr

anfe

r in

Purc

hase

Be

ginn

ing

Bala

nce

Baht

De

prec

iation

for t

he y

ears

ende

d De

cem

ber 3

1, 2

006

and

2005

in th

e am

ount

s of

Bah

t 12,

095,

522

and

Baht

7,0

93,9

82 re

spec

tively

, are

inclu

ded

in th

e

sta

tem

ent o

f inc

ome.

As a

t De

cem

ber

31,

2006

and

200

5, t

he C

ompa

ny h

ad e

quipm

ent

at to

tal c

ost

of B

aht

43,4

98,4

94 a

nd B

aht

52,2

96,3

39 r

espe

ctive

ly. T

hese

wer

e

de

prec

iated

in th

e fu

ll am

ount

but

still

in u

se.

4.

5 Eq

uipm

ent

Ch

ange

s in

equip

men

t for

the

year

ende

d De

cem

ber 3

1, 2

006

are s

umm

arize

d as

follo

ws:

135

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

4.6 Intangible Assets Intangible assets as at December 31, 2006 and 2005 consisted of:

The Company Only

Accrued interest receivable 10,649,396 6,867,013 2,149,122 1,864,222 Accrued income receivable 56,164,179 46,941,013 56,164,179 46,941,013 Deposits 5,064,602 5,129,809 5,064,602 5,129,809 Prepaid expenses 2,556,079 2,500,739 2,555,341 2,500,003 Others 6,163,938 5,509,039 6,163,938 5,509,039 Total Other Assets 80,598,193 66,947,614 72,097,182 61,944,086

Consolidated

2005 2006 2005 2006

Baht

4.7 Other Assets Other assets as at December 31, 2006 and 2005 consisted of:

Computer software 1-5 years 4,630,841 3,839,257 (2,972,421) 5,497,677

2006 (Baht)

Ending Balance

Amortization

Increase

Beginning Balance

Remaining Period

Computer software 1-5 years 6, 708,602 1,004,300 (3,082,061) 4,630,841

2005 (Baht)

Ending Balance

Amortization

Increase

Beginning Balance

Remaining Period

136

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The Company Only

Revenue received in advance 525,680 555,769 536,194 566,283 Others 3,699,831 3,673,335 3,696,688 3,670,892 Tatal Other Liabilities 4,225,511 4,229,104 4,232,882 4,237,175

Consolidated

2005 2006 2005 2006

Baht

4.8 Other Liabilities Other liabilities as at December 31, 2006 and 2005 consisted of :

4.9 Financial Instruments Disclosure 1. Condition, Terms and Accounting Policies The Company does not speculate or engage in the trading of any derivative financial instruments. The details of the significant accounting policies and methods used, including a basis on the recognition of incomes and expenses for assets and financial liabilities are disclosed in Note 3. 2. The Significant Risk of Financial Instruments 2.1 Credit Risk Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in a financial loss to the Company and its subsidiaries. 2.2 Interest Rate Risk Interest rate risks of financial assets in the balance sheets arised form the potential for a change in interest rates to have an adverse effect on the net interest earnings in the current reporting year and in future years. Interest rate risks arise from the structure and characteristics of the financial assets.

137

As at December 31, 2006 and 2005, financial assets analysis from maturity of interest rate changing, is shown as follows:

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

Financial Assets Cash and cash equivalents 7,757 88,058 - - 1,826 97,641 0.50-1.00 2.50-5.60 4.42 Long-term deposits at financial institutions - 190,461 86,400 - - 276,861 - 3.25-5.70 5.02 Long-term investments - 1,561 - 1,133 - 2,694 - 4.00 6.86

Floating

Interest Rate

In Thousand Baht

The Company Only at December 31, 2006

Remaining Period before Contract Maturity or Repricing Date

1 year 1 - 5 year

More than

5 year Bearing Total

interest Rate (%)

Floating Fixed

Effective

interest Rate

Under Non-interest

Financial Assets Cash and cash equivalents 12,114 110,523 - - 592 123,229 0.25-0.50 1.00-3.85 3.28 Long-term deposits at financial institutions - 483,166 168,212 - - 651,378 - 0.25-5.70 2.62 Current-term investments - 231,032 - - - 231,032 - - - Long-term investments - - - 1,133 - 1,133 - - -

Floating

Interest Rate

In Thousand Baht

Consolidated As at December 31, 2005

Remaining Period before Contract Maturity or Repricing Date

1 year 1 - 5 year

More than

5 year Bearing Total

interest Rate (%)

Floating Fixed

Effective

interest Rate

Under Non-interest

Financial Assets Cash and cash equivalents 11,106 105,014 - - 562 116,682 0.25 1.00-3.85 3.46 Long-term deposits at financial institutions - 150,966 128,212 - - 279,178 - 0.25-5.70 3.16 Current-term investments - 69,212 - - - 69,212 - - - Long-term investments - - - 1,133 - 1,133 - - -

Floating

Interest Rate

In Thousand Baht

The Company Only at December 31, 2005

Remaining Period before Contract Maturity or Repricing Date

1 year 1 - 5 year

More than

5 year Bearing Total

interest Rate (%)

Floating Fixed

Effective

interest Rate

Under Non-interest

Financial Assets Cash and cash equivalents 8,165 191,969 - - 1,856 201,990 0.50-2.50 2.50-5.60 4.42 Long-term deposits at financial institutions - 480,462 235,400 - - 715,862 - 3.25-5.70 5.02 Long-term investments - 1,561 - 1,133 - 2,694 - 4.00 6.86

More than

Floating

Interest Rate

In Thousand Baht

Consolidated As at December 31, 2006

Remaining Period before Contract Maturity or Repricing Date

1 year 1 - 5 year 5 year Bearing Total

interest Rate (%)

Floating Fixed

Effective

interest Rate

Under Non-interest

138

3. Fair Value Fair value is the estimated value that the Company could receive from selling their financial assets, or the estimated value for redeeming their financial liabilities based on market value, or the estimated value that can be derived from using general market principles of calculation. Most of financial assets as at December 31, 2006 and 2005 have fair value approximates their carrying values at the reporting date. 4.10 Retained Earnings Legal Reserve Under the Public Companies Act, the Company is required to set aside as a legal reserve at least 5% of its net profit after accumulated deficit brought forward (if any) until the reserve is not less than 10% of the authorized capital. Under the provisions of the Civil and Commercial Code of Thailand, subsidiary is required to set aside as a statutory reserve at least 5% of its net income each time a dividend is declared until the reserve reaches 10% of registered share capital. The reserve is not available for dividend distribution. As at December 31, 2006 and 2005, the subsidiary has legal reserve in the amounts of Baht 15,852,918 and Baht 15,442,304, respectively, as presented under unappropriated retained earnings in the consolidated balance sheets. Dividends A resolution was passed by the Ordinary General Meetings of Shareholders held on April 18, 2006 and April 20, 2005 approving the payment of dividend at the rate of Baht 0.70 and Baht 2 per share, respectively. 4.11 Fees and Service Income Fees and service income for each of the years ended December 31, 2006 and 2005, consist of :

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

The Company Only

Mutual fund management 267,628,004 319,681,426 267,628,004 319,681,426 Private fund management 18,704,502 9,319,249 18,704,502 9,319,249 Provident fund management 49,193,725 41,607,595 49,193,725 41,607,595 Commission for selling agent 17,649,363 10,142,654 17,649,363 10,142,654 Front end fee/back end fee 12,498,444 2,911,381 12,498,444 2,911,381 Others 6,755,134 6,640,480 6,783,171 6,668,517 Tatal Fees and Service Income 372,429,172 390,302,785 372,457,209 390,330,822

Consolidated

2005 2006 2005 2006

Baht

139

MFC ASSET MANAGEMENT PUBLIC COMPANY LIMITED AND SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (Continued)

FOR EACH THE YEARS ENDED DECEMBER 31, 2006 AND 2005

5. ADDITIONAL INFORMATION 5.1 Directors and Executivesû Benefits The Company has not paid any other benefits to directors and executives, except for the benefits that are normally paid such as bonuses and directorsû fees. 5.2 Long-Term Lease Agreements Long-term lease agreements as at December 31, 2005 consist of: The Company is entitled to continue the lease for 3 years under the same terms and conditions in the existing lease contract, by submitting the letter in confirmation of the lease contract continuation to the lessor 90 days prior to the termination of the lease contract. 5.3 Transactions with Related Company The Company has transactions with its subsidiary, which is related through common shareholders. These transactions with subsidiary as included in the financial statements are determined at prices in line with those, occurring in the normal course of business based on the market price in general or the price as stipulated in the agreement if no market price exists. The significant balances and transactions occurring with that subsidiary are shown as follows: For the years ended December 31, 2006 and 2005.

Building and service agreement

Type of lease Remaining Period

january 2007 - July 2008

Remaining rental expenses (Baht)

28,758,570

The Company Only

Fees and service income 28,037 28,037 Dividend received 12,501,873 7,501,124

2005 2006

Baht

6. APPROVAL OF FINANCIAL STATEMENTS These financial statements have been approved for issue by the authorized directors on February 2, 2007.

Balance as at December 31, 2006 and 2005 is as follows:

Baht

The Company Only

Revenue received in advance 10,514 10,514

2005 2006

140

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141

Company Profile

Company Name : MFC Asset Management Public Company Limited

Location : Ground Floor & 21st › 23nd floors, Column Tower,

199 Ratchadaphisek Road, Kwaeng Klongtoey,

Khet Klongtoey, Bangkok 10110, Thailand

Tel : (662) 649-2000

Fax : (662) 649-2100, 649-2111

MFC-Phone : (662) 649-2000

Contact Center : (662) 649-2000 # 0

Investor Relation MFC : (662) 649-2130 - 33

Website : www.mfcfund.com

Type of Business : Asset Management

Accounting Period : January 1 › December 31

Registered Capital : Bath 120 million

Paid-up Capital : Bath 120 million

Issue Capital Shares : 120,000,000 ordinary shares

Par Value : Baht 1 per share

Company Registration : 0107536001371

Other References

Share Registrar : Thailand Securities Depository Company Limited,

the Companyûs share registrar,

located at : 62 The Stock Exchange of Thailand Building,

Ratchadaphisek Road, Klongtoey, Bangkok 10110

Tel. : (662) 229-2800, 654-5599

Fax : (662) 359-1259

142

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À¡“¬‡≈¢‚∑√»—æ∑å : (662) 645 - 0109

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‡«Á∫‰´¥å: www.hunton.com

143

Auditor : Mr. Prawit Viwanthananut of ANS Audit Co., Ltd.,

Certified Public Accountant No. 4917, is the Companyûs auditor,

located at : 100/72 22nd Floors ,100/2 Vongvanij Building B,

Rama 9 Road, Huaykwang,

Bangkok 10310

Tel. : (662) 645 - 0109

Fax : (662) 645 - 0110

Legal Advisers :

SIAM PREMIER INTERNATION LAW OFFICE LIMITED

Loacated at : 26th Floor of the Offices at Central World

No. 999/9 Rama I Road,

Khwaeng Pathumwan, Khet Pathumwan, Bangkok 10330, Thailand

Tel. : (662) 646-1888

Fax : (662) 646-1919

Website : siamlaw.co.th

HUNTON & WILLIAMS (THAILAND) LIMITED

Loacated at : 34th Floor, Q. House lumpini Building

1 South Sathorn Road

Kwaeng Thungmahamek, Khet Sathorn, Bangkok 10120, Thailand

Tel. : (662) 645-8800

Fax : (662) 645-8880

Website : www.hunton.com

144

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°“√· ¥ß√“¬°“√∑’Ë°”Àπ¥μ“¡·∫∫ 56-2 „π√“¬ß“πª√–®”ªï 2549 List of Items in Accordance with Form 56-2 In the Annual Report 2006