13 May 2022 17:20:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
Management Discussion and Analysis Company name : MFC PATONG HERITAGE PROPERTY FUND Year : 2022 Quarter : Quarter 1 Ending : 31-Mar-2022 Note : 13 May 2022 To The President The Stock Exchange of Thailand Ref: MFC PT. 049/2022 Clarification for the change of Fund's performance over 20% MFC Asset Management Public Company Limited, as the Management Company of MFC Patong Heritage Property Fund ("the Fund"), would like to clarify the change in net Fund's performance for the three-month period ended 31 March 2022 over 20% from the same period of previous year as follows; For the three-month period ended 31 March 2022, the Fund has net decrease in net assets from operations of Baht 0.11 million, a less decrease of Baht 0.13 million or equivalent to 53.11% compared to the same period of previous year in which amounting to Baht 0.24 million. This is mainly a result of fixed rental the fund received in this period in accordance to the lease agreement dated on September 1st, 2021 compare with the same period of previous year that there was no rental income. . Kindly be informed accordingly. Yours faithfully, (Ms. Natree Panassutrakorn) Executive Vice President Property and Infrastructure Fund Department 02-649-2000 This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.