. Since 2017, the property projects i.e. residential condominium and single home have been developed to serve the needs of all target groups. The Company started developing residential condominiums in the

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

this matter. The Company therefore recognizes the benefits of expanding and further developing the energy business. And the long-term benefits of joint venture in this business. 8. Opinion of the Board

expanding and further developing the energy business. And the long-term benefits of joint venture in this business. 8. Opinion of the Board of Directors regarding the Transaction Opinion of the Board of

1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary  Total revenue from core business was Bt3,339mn

. Focusing and developing E-commerce with potential partners 4. Focusing cost-efficiency and productivity  Utilizing information technology (IT) system to optimize operation and resources  Optimizing human

1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net

1 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Operational Summary in 3Q20 (recovered from Covid-19 pandemic)  Net profit was Bt123mn, increasing

business operations and mitigate undesirable impacts especially    the operational risks. The proposed revisions include rectification of non-compliance with capital requirement and imposition of operational

1 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Operational Summary 9M18 Operational Summary  Total revenue from core business was Bt2,523mn, increasing