operating performance of the Company for the Quarter 2/2020 ended 30 June 2020 are as follows: The Company earned THB 275.9 MB and THB 190.3 MB in Q2/2020 and 2019 respectively, an increase in total revenue

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

percent compared to the nine month period of the previous year, mainly from an increase in front-end fees for funds sold by ONE Asset Management Limited (the Company’s subsidiary) and in the Company’s sales

The SEC Board has passed a resolution approving in principle the proposal to amend the Ministerial Regulations on Licensing of Digital Asset Businesses B.E. 2561 (2018) and relevant regulations to

90.6% 47.53 4.2% (a) Total assets Total asset as at Jun 30, 2019 stand at 1,288.51mb, an increase of 62.53mb or 5.1% . The main reason for the increase is due to higher trade receivables and cash on hand

1,119.64 91.3% 1,167.17 90.6% 47.53 4.2% Equity 1,119.64 91.3% 1,167.17 90.6% 47.53 4.2% (a) Total assets Total asset as at Jun 30, 2019 stand at 1,288.51mb, an increase of 62.53mb or 5.1% . The main reason

had total asset as of March 31, 2020 with amount of 817.41 million bath increase from December 31, 2019 by 6.50 million baht or 0.80% increased, the details of the change are as follows: 1.1 Current

decrease in total revenue 3.4% and can be summarized as following table. Description Total Revenue (MB) Y-O-Y Change Increase/(Decrease) Note 2016 2017 Sales 919.8 882.2 -4.1% The sales volume decreases as

subsidiaries as of March 31, 2020 with the comparison to the financial status as of December 31, 2019 are summarized as below:  Assets As of March 31, 2020, the Company and its subsidiaries had a total asset of

3.7% (a) Total assets Total asset as at March 31, 2019 stand at 1,276.51mb, an increase of 50.53mb or 4.1%. The main reason for the increase is due to higher trade receivables resulted from higher