in Q4 2016 an increase of 15%; 2017 full year revenue of 920mTHB compared to 804mTHB compared to 2016 an increase of 14%  EBITDA: 37mTHB in Q4 2017 compared to 29mTHB in Q4 2016 an increase of 25

quarter, the average traffic volume was at 1,135,400 trips/day, representing an increase from the second quarter (QoQ) of 40 percent, and the average ridership was at 283,700 trips/day, representing an

liquidity and to increase the return on equity and the earnings per 6 ASIA’S BOUTIQUE AIRLINE share. As of March 219, The repurchase program has set aside approximately 492.0 million baht with 40.0 million

of Baht 77.3 million, increased by Baht 29.1 million or 60.5%YoY. The increase was mainly due to the adoption of TFRS 16 since 1 January 2020, which resulted in higher interest expenses by Baht 43.8

First Quarter of 2018 WHAUP finished our 1Q2018 with a Net Income of Baht 716.2 million, 162.8% increase from 1Q2017. 1. RESULTS OF OPERATION FOR 1Q2018 Consolidated Financial Statements 1Q2017 1Q2018

performance of the Group Unit: Million Baht 2018 2017 Increase (decrease) Variance (%) Total revenues 8,080 7,165 915 13% Net profit 526 272 254 93% The Group has total revenues of Baht 8,080 million for 2018

Ratio 2018 Ratio Increase / (Decrease) Amount Ratio Service income 2,220.88 100.00% 1,832.11 100.00% 388.77 21.22 Cost of service 1,868.61 84.14% 1,454.70 79.40% 413.91 28.45 Gross Profit 352.27 15.86

or increased by 40.29% compare to the same quarter last year. This was due to an increase in real estate sales revenue by 69.30 Million Baht, or increased by 40.86% compare to same period last year

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

performance of the Group Unit: Million Baht Q1’ 2018 Q1’ 2017 Increase (decrease) Variance (%) Total revenues 1,977 1,570 407 26% Net profit 116 50 66 132% The Group has total revenues of Baht 1,977 million for