revenue is from long-term PPA with state enterprises which has no direct impact from COVID-19 while revenue from industrial users (IUs) remains stable y-on-y in Q1’2020, thanks to portfolio diversification

1 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis Operational Summary in 1Q18  Total revenue from core business was Bt842.14mn, an increase of 17.8 % YoY

2019 such agreement remains 24 years).  On 31 March 2019, Signed the water treatment contract with a company in Wellgrow Industrial Estate for a period of 10 years which has recognize revenue since 1

the purchase of ordinary shares of WICE Logistics (Singapore) Pte. Ltd. Or "WICE SG" (formerly Sun Express Logistics Pte. Ltd. or "SEL") in the amount of 30 percent of the total shares (Portion 2) In

ended 31 December 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2019 31 December 2018

clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 1,492.8 2,714.4

, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income

flights that serviced by BAFS only at BKK and DMK Total revenue of 2017 of the Group was Bt3,640.2 million decreased by Bt71.3 million or 1.9% compared with Bt3,711.5 million of 2016. While the services

Flights was data of flights that serviced by BAFS only at BKK and DMK Page 2 of 8 Total revenue of Q2/2019 of the Group was Bt949.0 million increased by Bt23.5 million or 2.5%(y-o-y) and the services income

1 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Operational Summary in 2Q18  Total revenue from core business was Bt848.81mn, an increase of 10.4% YoY