to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. Interest Bearing Debt total

financial institutions. In the latter case, there is no condition in the financing agreements that will have an effect to the rights of the Company’s shareholders. 7. Interested Directors Not Attending the

same period of the previous year due to an unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2

decrease of THB 35.66 million or 89.49% from the same period of previous year. As a result of the condition of sales agreement with the customer, there is only one customer in this period. At the present

(FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Covid-19 pandemic has affected economic condition worldwide including Thailand, which severely decrease revenue of both

into your home through our group e-commerce platform, mobile application, Line Chat&Shop and Call&Shop as well as free delivery service upon certain condition. Meanwhile, the Company has already taken

our staff and customers remains our top priority. The Company constantly evaluate the situation and take proactive action to manage up-to-date under condition that are changing rapidly by aware of the

increasing of wastewater tariff. In case that subsidiary need to continue this project with the same condition in the contract, the return will not be worth. At present, the subsidiary is drafting the notice

increasing of wastewater tariff. In case that HSMC need to continue this project with the same condition in the contract, the return will not be worth for the investment in the future. Both parties tend to

year ended 31 December 2019, the Company and its subsidiaries earned service income totaled THB 43.34 million, a decrease of THB 6.69 million or 13.37% from last year. As a result of the condition of