obtained right to develop natural gas distribution and retail projects in six Hemaraj industrial estates, starting with the WHA Eastern Seaboard NGD 2 project, scheduled to operate by 3Q2018. PERFORMANCE BY
-Bearing Debt to Equity ratio was at 0.58x. Subsequent Event: The company obtained right to develop natural gas distribution and retail projects in six Hemaraj industrial estates, starting with the WHA
while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019. Initially, the Company
assign a new distributor while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019
10% of final bid price and submit a letter of bank guarantee for the remaining amount within 15 days before the starting date of license 2nd -10th installment 10% of final bid price on each installment
virus, comprising with the government’s measures such as closed the risk-prone areas, no activity in crowded places and imposed the curfew from 10 p.m. to 4 a.m. starting from April 3, 2020 until present
Thai Financial Reporting Standards No. 16 re: Lease Agreement for the first time adoption (“TFRS 16”) starting from 1 January 2020, using the cumulative catch-up approach without retroactively adjusting
and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract
Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public
low risk. The management of the company is expecting to start realize the income in the 3rd quarter of 2020, and will realize the income of all projects all projects starting 4th quarter of 2020. 8.3