details were as follows: (Million Baht) Dec 31, 2019 Dec 31, 2018 Increase (Decrease) % Current assets 20,479.77 23,160.90 (2,681.13) (11.6) Non-current assets 79,749.66 78,091.00 1,658.66 2.1 Total Assets

million , increase Baht 0.37 million or 19.09%, because in nine months of 2017 there is an interest income from current investment. 2 . Cost of sale , Profit margin For nine months ended September 30, 2017

sale, and the inventory increase Baht 18.16 million , because reserve of raw material for new product and work in process increase by customer order. 1.2 Non current asset as at December 31, 2017 amount

market share in the economic slowdown. When comparing the sale volume to the same period in 2018, decreased 0.9%. The company is not able to increase the selling price in the current economic conditions

company -243.50 -59.81 -183.69 -307.12 Financial Position as at December 31 (Unit : Million Baht) 2018 2017 Inc./(Dec.) % Current Assets 423.04 305.00 118.04 38.70 Non-Current Assets 920.89 259.75 661.14

144.2 Mn in 2017. Liquidity and Capital Structure As of 31 December 2018, the Group had current ratio of 0.32, increase from 0.27 in 2017. This improvement was mainly due to reduction in short-term

Financial 31 December 2016 30 June 2017 Increase/(Decrease) position MB % MB % MB % Current assets 1,003 31.5% 1,128 30.8% 125 12.5% Non-current assets 2,182 68.5% 2,533 69.2% 352 16.1% Total assets 3,185

% of total revenues from core business. Financial Position Statement of Financial 31 December 2016 30 September 2017 Increase/(Decrease) position MB % MB % MB % Current assets 1,003 31.5% 1,254 31.5% 241

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

the three months ending 31 March 2018 and 2019, the Group’s total revenue increased from THB 716.0 Mn to THB 730.5 Mn respectively, an increase of THB 14.5 Mn or 2.0%. This was mainly due to increased