recorded as cost of sales; and, (b) some items were deducted from gross sales. If the Company complied with the previous accounting standard, sale of real estate business in the quarter should be THB 641.26

1 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Operational Summary in 4Q17  Total revenue from core business was Bt3,105mn, an increase of 38.3 % YoY

฿ 633.94 million, ฿ 52.21 million decreasing or 7.61 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of sales and services which lower even

and other service from foreign publications. Thus, the company will no longer continue operating this business from September 1, 2018 onwards. 2. Costs and expenses for the six-month period of 2019

service from foreign publications. Thus, the company will no longer continue operating this business at the end of August, 2018. 2. Costs and expenses for the nine-month period of 2018 increased 90.52

foreign publications. Thus, the company will no longer continue operating this business at the end of August, 2018. 2. Costs and expenses for the nine-month period of 2018 increased 90.52% compared to the

Our Ref : No.V 003 /2020 February 28,2020 Subject : Explanation for operation of the year 2019 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

investment decision carefully. For example, Notice Pending (NP) in case of awaiting material information, or Caution (C) in case a listed company has the characteristics as prescribed in the governing

debentures and share warrants, to be in line with those governing other securities. The objective of this revision is to facilitate fundraising of business operators while protection of shareholders? rights

businesses since we focus on expanding customer base with business expertise • Overall gross profit margin increased from 9.8% to 11.3% amount Baht 45 million. 2019 2018 Change % Change Revenue 1,839 1,673 167