administrative expenses 194,661.13 138,253,646.00 Total expenses 194,661.13 138,253,646.00 Profit before income tax (194,661.13) (138,253,646.00) Income tax expenses - - Net income (loss) for the period

impacts of layoffs, reduced income and reduced confidence due to increased uncertainty about the future. As a result, private consumption is expected to contract, although government measures could help

economic slowdown. Causing, the Thai government declared the Emergency Decree. With measures prohibiting aircraft, vessel, motor vehicles, or any other types of conveyance, or using transportation routes

the following factors: 1) gradual relaxation of COVID-19 epidemic control measures and progress in vaccination 2) the impact of outstanding demand from the previous quarter and 3) government policies

due to an increase in related- government bond investment and cash depository at financial institution. ● Our interest income in installment sale receivables decreased by Baht 11.95 million, or 36.50

government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest

summarized as follows: Consolidated FS Quarter 1/2019 Quarter 1/2020 Change MB. % MB. % MB. % Revenue from contracts with customers 1,943.6 70.9% 1,714.0 64.3% -229.6 -11.8% Interest income from loans from the

follows: THB’000 Consolidated F/S ∆% Separate F/S ∆% 2018 2017 2018 2017 Revenues from Sales and Services 2,060,114 2,473,795 -17% 1,640,996 1,631,566 1% Interest income 2,302 1,045 120% 679 36,148 -98

Company Limited (FSMART) 2Q19 Management Discussion and Analysis Financial Summary Income Statement MB % MB % MB % Income from rending of top-up service for prepaid phone and other online service

services (1,149.4) (1,274.4) 125.0 10.9% Gross profit 471.6 466.2 (5.4) (1.1%) Net loss on exchange rate (4.6) (17.4) 12.8 278.3% Loss on forward contracts (0.2) (1.5) 1.3 650.0% Other income 3.7 4.7 1.0