2018 and Annual Report of the Board of Directors in relation to the Company operating result in respect of the year 2018, which is subject to the approval of the Annual General Meeting of Shareholders No

. 3 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Cost and Expenses 1) Cost of services in 2Q19 was Bt640.56mn, representing 79.7% of total revenues from

cost of THB 9 million. Equities As of March 31st, 2017, the company and its subsidiaries’ Total Equity was THB 51,734 million, Total Equity attributable to owners of the Company was THB 45,054 million, a

YoY (%) (Restated) Operating revenue 624 852 36.5% Cost of sales 256 356 39.1% Gross profit 368 496 34.8% EBITDA 443 352 -20.7% Interest expenses 5 23 401.9% NPAT from operation (excl. NCI) 187 192 2.8

.) Net Profit Net Profit of HSMC x Holding Percentage Net Profit of Company Cannot be calculated due to the HSMC will be set up on 15 July 2015 3.) Consideration Value or Cost x 100 Company’s Assets

, investing in Target Group Hotels and Resorts by directly and indirectly hold shares of operating companies who are the owners of Target Group Hotels and Resorts (1) Hillview Limited The company owns and

Operating Company Hydrotek Plc. Project Type Waste Water Treatment Plant and Collection System Project Value THB 239 mn Progress (% of Completion) 28.26 % Commissioning Date October 2016 Construction Period 1

2017 Based on the consolidated financial statements audited by the auditor of Wave Entertainment Public Company Limited, the results for 2017 were as follows: Operating Results In 2017, the Group had

approved to be a locally incorporated institution (LII) under the name KASIKORNBANK (CHINA) COMPANY LIMITED, we now plan to seek approval from the Chinese authorities for operating additional businesses to

375.7 million on 31 December 2017. The Company had cash flows from operating activities of THB 2,318.9 million. Cash flows used in investing activities amounted to THB 421.6 million as there were