principle is 7 years starting from the loan date. However, as at December 31, 2018 such loan balance at around Baht 225 million. Other expenses Other expenses for the year-ended December 31, 2018 decreased

and for the first-five year loans and after that will be calculated MLR rate at 2.1 which the due payment for the principle is 7 years starting from the loan date. However, as at March 31, 2019 such

while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019. Initially, the Company

assign a new distributor while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019

10% of final bid price and submit a letter of bank guarantee for the remaining amount within 15 days before the starting date of license 2nd -10th installment 10% of final bid price on each installment

and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract

Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public

low risk. The management of the company is expecting to start realize the income in the 3rd quarter of 2020, and will realize the income of all projects all projects starting 4th quarter of 2020. 8.3

for Boonterm kiosk’s Master Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees.  Expanding distribution business to mom-and-pop shops and starting petrol kiosk

ownership of the ESSE Asoke starting from Dec’2018 and Banyan Tree Residences, 2018 residential revenue was 3,974 million Baht, increased 66% YoY. As of 31 December 2018, the Company’s residential projects