1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

loans and purchase of fuel inventory. Operational cash flow has increased if we remove the change in working capital investment. Unit: Million Thai Baht (THB) 31st Mar 2020 31st Dec 2019 YoY change YoY

improve operational efficiency and cost control in the past year had led to a significant improvement in Krungthai ZMICO’s operating performance comparing with last year. The operating results of Krungthai

029/2017 dated 1 August 2017 regarding to the notification of the progress of capital increase of WCI Holding Co., Ltd. According to WCI Holding Co., Ltd. (“WCIH”), subsidiary company of E for L Aim

of mainly indirect staff cost, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the write off of 16.97 mb of accrued work-in-progress resulting from

Cost Approach 62,663,815 Baht Income Approach 45,856,719.89 Baht 3.Project Progress Completed Construction 90 % and partial ownership Operated by 1. Mogen (Thailand) Co.,Ltd. 2. Bangkok Extreme

over the next few months as we progress into more advanced stages of our projects. We continue to see good pipeline in domestic demand in Thailand for both HR and ERP projects. Other Income Other income

, there is no demand for new installation. 2. Construction service income for the year sharply increased 207.40 Million Baht, accounting for 59.80% from previous year as the revenue recognition on progress

Remuneration Committee is in the process of nomination of a qualified and appropriate person to be a director for a vacant position. If there is any progress, the Company shall further inform the shareholders. 2

subcontractor and fabricators like UEC. This is effect to small volume for UEC in Q1/2018 and very high competition. Discussion and Analysis of the Company and its subsidiaries Operational Results in Q1/2018 and