Collection Period (Days) 37 37 Inventory Turnover Period (Days) 21 19 Average Payable Period (Days) 19 16 Cash Cycle (Days) 39 40 Total Debt to Equity Ratio (Times) 0.43 0.47 Interest Coverage Ratio (Times

-to-equity ratio of 2.97 times and the interest-bearing debt to equity ratio of 2.61 times. Forward Looking The Company's operation has been continuing to set goals for the sustainability of the

Holder, the Company is required to maintain the Net Debt to Equity ratio at the rate of not more than 2.5: 1 at the end of the quarter and year end period. In which the Company held the meeting of

the ratio of interest-bearing debt to shareholders’ equity at 5:1, which will be reported in the 2024 financial statements, so that it will not be considered an event of default under the terms and

profit for Q1’ 2018. 6 The appropriate of capital structure The Group’s debt to equity ratio as at 31 March 2018 is 1.9:1, which is closed to the debt to equity ratio as at 31 December 2017 at rate of 2.0

subsidiary (FSMART). 6 The appropriate of capital structure The debt to equity ratio as at 31 March 2020 was 2.92:1, decreased from the debt-to-equity ratio as at 31 December 2019, which was 2.11: 1. The

decreased from the end of 2018 equal to 437.5 million Baht or 29.9 percent. Since the Company repaid the loan for financial institution, causing the Company having the debt to equity ratio equal to 0.80 times

of the Company and the subsidiaries, capital increase of the subsidiaries, and the share repurchase of the Company. The appropriate of capital structure The debt to equity ratio as at 31 December 2019

shares of Forth Smart Service Public Company Limited (a subsidiary) from the non-controlling interests of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 31 March 2019

from minority shareholders of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 30 June 2019 was 2.30:1, decreased from the debt-to-equity ratio as at 31 December 2018