Microsoft Word - MD&A_Q1_2018_ENG 283/99 Home Place Office Building 20th Fl., Soi Sukhmvit 55, Sukhumvit Rd., Klongton Nua, Wattana, Bangkok 10110 1 NPP.032/2018 11 May 2018 Subject Management

sharing from four associates companies are as follows: First quarter (Unit: Million Baht) 2018 2017 Change Change (%) Home Product Center Plc. 248 208 40 19 LH Financial Group Plc.* 106 125 (19) (15

4 associate companies are as follows: (Unit: Million Baht) 2019 2018 Change Change (%) Home Product Center Plc. 1,232 1,115 117 10 LH Financial Group Plc. 442 427 15 4 Quality Houses Leasehold

2018 Change Change (%) Home Product Center Plc. 304 261 43 16 LH Financial Group Plc. 104 111 (7) (6) Quality Houses Leasehold Property Fund 49 43 6 14 Quality House Hotel and Residence Freehold and

- Equity holders of the Company 149.51 18.7% 145.69 19.1% 126.54 17.4% -13.1% -15.4% %YoYIncome Statement Q1/2019 Q4/2019 Q1/2020 %QoQ 3 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management

changes over the past few years. Traditional media such as television, newspaper, magazine and radio has been in steady decline, while Out-of-Home (“OOH”) and online/digital media have become the go-to

flat service revenue both qoq and yoy. Our mobile business still contracted (-1.5% yoy, -0.9% qoq) but at much lower pace while the home broadband business hit a new high of demand to work from home (+21

subsidiary of MACO, acquired the lease rights and 74 billboards from Out of Home Media Company Limited (“OHM”) (32 billboards) and Outdoor Construction Company Limited (“ODC”) (42 billboards) at the total

2019, credit demand from the business sector improved from the previous quarter, due to demand for loans from large corporates, and small and medium sized businesses. Demand for home loans from the

and May. However, takeaway and home delivery services were offered which partly helped minimize the decline in food revenue. Then after the government released its lockdown measurement and majority of