its Subsidiaries Management’s Discussion and Analysis for the year ended 30 June 2020 2 ASIA’S BOUTIQUE AIRLINE Executive Summary The Covid-19 pandemic plunged global economy into worse recession in the

Disposal of Assets Transaction, and Acquisition of Assets Transaction To : Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Disposal of Komchadluek Business and

several financial institutions. A summary of the key operational matters and events for the 2nd Quarter 2020 Financial Highlights 2Q 2020 2Q 2019 Change 6M 2020 6M 2019 Change THB million % Sales THB

Baht) 2017 2016 Inc./(Dec.) % Current Assets 220.09 189.91 30.18 15.89 Non-Current Assets 273.02 278.47 -5.45 -1.96 Total Assets 493.11 468.38 24.73 5.28 Current Liabilities 285.67 243.80 41.87 17.17 Non

of financial positions • Total assets As of 31 December 2019, the Company has total assets amounting to THB 15,488 million which decreased from the year ended 2018 by THB 3,336 million. The current

Company’s subsidiary after IPO. The transaction is considered the disposition of assets in accordance with the Notification of the Capital Market Supervisory Board No. Tor Chor 20/2551 re: Rules on Entering

economy, we are expecting improvement in the sentiments from Q4 onwards. • Total assets As of 30 June 2019, the Company has total assets amounting to THB 16,997 million which decreased from the year ended

Public Company Limited Page 3/13 4. Statement of financial positions  Total assets As of 30 September 2019, the Company has total assets amounting to THB 16,303 million which decreased from the year ended

million due to weakening of the Thai Baht against the US Dollar. 4. Statement of financial positions • Total assets As of 31 March 2020, the Company has total assets amounting to THB 15,320 million which

Microsoft Word - MD^0A_FY2019_EN_Final 1 Forth Smart Service Public Company Limited (FSMART) FY2019 Management Discussion and Analysis Operational Summary in FY2019  Net profit was Bt584mn