130,357 130,274 2 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Financial Statement Summary in 2Q2020 Statement of Comprehensive Income Total Revenue Total

Unit : MB For the period ended Change 31 March 2020 31 March 2019 MB % Net sales 195.84 238.99 (43.15) (18.06) Revenue from services 2.05 - 2.05 100.00 Other income 10.32 9.49 0.83 8.77 Total revenues

results for the 1st quarter ended 31th March 2018, compared to those for the same period ended 31th March 2017. The consolidated financial statements reported a net profit of Baht 3.93 million and net loss

the Group’s operating results for the 2 nd quarter ended 30 th June 2017, compared to those for the same period ended 30 th June 2016 The consolidated financial statements reported a net loss of Baht

results for the 3 rd quarter ended 30 th September 2017, compared to those for the same period ended 30 th September 2016 The consolidated financial statements reported a net loss of Baht 9.25 million and

year that has net profit of Baht 546.38 million, decreased Baht 253.96 million or 46.48 % as follow: 1. Revenue from sale and service was Baht 8,034.30 million, increased Baht 1,040.34 million or 14.87

reason for relative financial performance on the items varies more than 20% compared to same quarter of previous year. The company, hereby, explains the Q3-2019 operating performance compared to Q3-2018

results for the 1st quarter ended 31th March 2019, compared to those for the same period ended 31th March 2018. The consolidated financial statements reported a net loss of Baht 3.85 million and net profit

results for the 2nd quarter ended 30th June 2019, compared to those for the same period ended 30th June 2018. The consolidated financial statements reported a net profit of Baht 1.45 million and net profit

baht or 43.4 percent from economic slowdown and ceasing the print operation of Post Today and M2F newspapers. Revenue from print media and advertising for the second quarter 2019 was 135.4 million baht