1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

1 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Operational Summary 9M18 Operational Summary  Total revenue from core business was Bt2,523mn, increasing

33.28 16.10 17.19 107% Finance cost -5.56 -1.22 4.33 354% Income tax expenses -2.59 -2.74 -0.16 -6% Net income for period 25.14 12.13 13.02 107% Earnings per share (THB) 0.08 0.04 0.04 107% FY 2018 FY

expand our 5G coverage which now reaches over 60% of Bangkok’s population with additional footprint in 77 cities for key strategic area and overall covers 16% of Thailand population. Revised core service

network quality and superior customer experience. In 3Q18, we engaged in two key partnerships to strengthen core business as well as to drive our mobile money business. First, we have announced a strategic

relation to the investment in S-TREK ordinary shares through a share swap and the IFA has prepared the report on independent financial advisor’s opinions regarding the asset acquisition of S-TREK ordinary

core business and/or the investment in any businesses in the energy industry such as solar power plant in Myanmar that the Company has invested 20 percent of total share of Green Earth Power (Thailand

-controlling Interest 1.24 (0.37) 1.61 435.14% Management's Discussion and Analysis and operating results for the Year 2018 Page 3 / 10 3.1 Revenue Total revenue (core revenue and other revenue) as increasing