Equity 45.1% 47.6% 45.2% 45.1% 45.2% Financial Ratio FY2017 FY2018 5 Forth Smart Service Public Company Limited (FSMART) FY2019 Management Discussion and Analysis 2020 Management Outlook For 2020, to be in

current ratio was at 2.4 times, as the Company had a large amount of cash and current investments from IPO proceeds. Debt to equity ratio was at 0.3 times. Osotspa Public Company Limited Q1’19 Management

Technology Artificial Intelligence Equity Fund KRUNG THAI ASSET MANAGEMENT PUBLIC COMPANY LIMITED|Feeder Fund | Offering Date : 23/05/2018 - 30/05/2018 http://market.sec.or.th/public/mrap/MRAPView.aspx?FTYPE=M

: 0107556000248 No. (SUTHA-SET) 030/2017/Eng 10 November 2017 Subject: Management Discussion and Analysis for period ended 30 September 2017 To: The President of the Stock Exchange of Thailand Attachment

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 008/2020/EN 14 May 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 31 March 2020 To: The President of the

Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc./(Dec.) % Construction income

strategy to emphasize FN brand awareness and increase FN brand equity which is support sustainable growth. For expense management efficiency, the Company implements IT system to reduce operation and resource

) for the period attributed to equity holders of the company (7.99) (24.78) 68% (21.65) 63% Revenue and profit Sales revenue from quarter 1/2020 of 394.13 million Baht, an increase of 114.70 million Baht

Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital

Baht or 5.72% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 580.63 million Baht, decreased by