Increase (Decrease) 4 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Key Financial Ratio As at June 30, 2020, the Company had the current ratio of 0.61, equal

revenue of THB 202.23 million and THB 190.24 million, respectively. This is equal to a decline of 5.93% year on year. Domestic sales revenue dropped 15.94% from the same period of the previous year due to

increase in telecommunication and advertising revenue from the operation of the MRT Blue Line Extension Project. Cost of Commercial Development business was equal to the same quarter of the previous year at

generate sales revenue for the 9-month period of 2020 approximate to the same period last year. For other incomes, in the same period last year, the company had a profit from the sale of assets equal to Baht

as of September 30, 2017, the maximum possible size of transaction relative to net tangible assets is equal to 0.29% under Total Value of the Consideration (maximum value criteria). The transaction is

accordance with the following paragraph a. If the date of submission of the registration statement is later than five months but equal or not later than eight months: interim financials for at least the first

Disposition”), with the maximum size of the (Translation) 4 transaction equal to 5.04 percent of the Company’s net tangible assets (NTA) under the consolidated financial statements ended December 31, 2017 (as

“Notifications on Acquisition or Disposition”), with the maximum size of the transaction equal to 5.04 percent of the Company’s net tangible assets (NTA) under the consolidated financial statements ended December

growth in chicken export volume. In accordance with all reasons above, consolidated net profit in 2017 accounted for THB 1,748.35 million (or equal to EPS of THB 1.39 per share), or 6.37% up from 2016

“Notifications on (Translation) 4 Acquisition or Disposition”), with the maximum size of the transaction equal to 5.04 percent of the Company’s net tangible assets (NTA) under the consolidated financial statements