, which increased by Baht 0.34 million, or 3.58%, in Q3’19; and amounted to Baht 32.34 million, which increased by Baht 3.58 million, or 12.43%, in the nine-month period. 1.4 Operational profit and net

2.61 million and Baht 4.23 million respectively. 1.4 Operational profit and net profit (Unit: Million Baht) For the second quarter For the period of six months Movement for the second quarter Movement

Baht 3.51 million, or 23.34%, in Q2’19; and amounted to Baht 22.63 million, which increased by Baht 0.19 million, or 0.84%, in the six-month period. 1.4 Operational profit and net profit (Unit: Million

million and Baht 6.60 million respectively. 1.4 Operational profit and net profit (Unit: Million Baht) For the second quarter For the period of six months Movement for the second quarter Movement for the

increased by Baht 3.77 million and Baht 10.37 million respectively. 1.4 Operational profit and net profit (Unit: Million Baht) For the third quarter For the period of nine months Movement for the third

management control of IRSL in April 2019, IRSL operational and financial performance has been improving. IVL has appointed a new management team, including the CEO and CFO, in IRSL to manage and operate the

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

Management and Risk Factors 8 2.1 Overall Risk Management 8 2.2 Risk Management 11  Credit Risk Management 11  Market Risk Management 15  Liquidity Risk Management 17  Operational Risk Management 18