3.7% EBITDA Margin 62.1% 61.6% Finance cost 34.9 39.1 (4.2) (10.7%) Income tax expenses 87.8 83.2 4.6 5.5% Profit for the year 345.5 327.1 18.4 5.6% Net Profit to Equity holders of the Company 322.6

percent To The President of the Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Results for the three-month and the six-month : Q2/2017 For the three-month ended 30

: Management discussion and analysis for the year ended December 31, 2017 To Director and Manager of the Stock Exchange of Thailand Referring to the submission of the audited financial statements of Wiik

224.5 18.7% Other income 3.2 1.9 69.7% Cost of sales - 204.2 - 189.8 7.5% Selling expenses - 5.9 - 5.3 11.4% Administrative expenses - 18.2 - 15.0 21.4% Finance costs - 3.6 - 4.0 -8.3% Profit for the

governance, appropriate risk management and effective cost management. At the same time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2018, East Water Group had total consolidated sales and services income of 1,045.39 million Baht, decreased by 117.85 million Baht or 10.13% compared to

management for the year 2017 To: President Stock Exchange of Thailand The Company would like to clarify the following reasons for changes to profit (loss) in the consolidated financial statements for the year

by issuing debentures with fixed interest rate from 2.05 to 3.01 percent per annum to reduce financial cost and risk management from floating interest rate. As a result, the Company has saved interest

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

2,518 million, or 3.94 percent, over-year. Moreover, KBank has set aside higher allowance for impairment loss on loans to maintain our financial position stability. Therefore, our net profit for 2017