1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19  Net profit was Bt144mn, decreasing 1.1% YoY.  Total revenue from core

Style Hotel Chiangmai by THB 9.64 million causing from smoke pollution crisis in Chiangmai province during the beginning of 2019. Gross Profit In the third quarter of 2019, gross profit of the Group was

profit (excluding special items) amounting not less than Baht 100,000,000 per year (the “Second Share Purchase Condition”). The payment for and transfer of the second portion of the Sale Shares will be

%, while domestic sales decreased by 19.7%. Baht 1.0 million revenue came from other activities, transportation, sales of scraps, and obsolete equipment. Gross profit margin increased from 33.1% to 35.2% due

to slower sales in institutional sector and domestic market while export sales grew by 0.2% by strengthening distribution channels in countries beyond core markets. The Company reported gain from

operating activities Net profit (Loss) for the period (937) Adjustments for Depreciation and amortization 663 Work roll amortisation 55 Interest income (19) Finance costs 287 Unrealised gain on foreign

approved the Company’s Interim Financial Information ending March 31, 2018. The Company would like to clarify the three-month period ended March 31, 2018 earnings results, as follows. Statement of

dated February 23, 2019 approved the Company’s Financial Statement ending December 31, 2018. The Company would like to clarify the year ended December 31, 2018 earnings results, as follows. Statement of

/2020 dated February 22, 2020 approved the Company’s Financial Statement ending December 31, 2019. The Company would like to clarify the year ended December 31, 2019 earnings results, as follows

, 2019 approved the Company’s Interim Financial Information ending March 31, 2019. The Company would like to clarify the three-month period ended March 31, 2019 earnings results, as follows. Statement of