. The asset owner shall be responsible for corporate income tax and specific business tax for such disposal. The proposed price is fixed from reference to the appraised value of the four items of the

of the year. Profit & Loss Analysis (Unit : Million Baht unless otherwise stated) 2019 2018 Change Amount % Change Total Revenues 19,304 17,738 1,566 8.83% Sales and service income 18,389 16,738 1,651

deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned

Stock Exchange of Thailand and proceed as follow: (1) Convene a Shareholders’ Meeting by deliver the invitation letter to shareholders no less than 14 days prior to the meeting date to consider to approve

memorandum regarding to the Company’s transaction to the Stock Exchange of Thailand and proceed as follow: (1) Convene a Shareholders’ Meeting by deliver the invitation letter to shareholders no less than 14

2 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Financial Summary Income Statement Total revenue Total revenue from the core business in 1Q19 was

beverages 100.94 102.93 (1.99) (1.9) Other revenue from operations 72.51 70.82 1.69 2.4 Total revenues 453.57 446.69 6.88 1.5 (million) 2018 2017 increase (decrease) 2 Other income Other income for the second

2017 2018 2019 MB % MB % MB % Revenue from Sales 16,928.47 98.15 16,647.02 98.25 16,863.74 98.42 Other Income 318.24 1.85 296.85 1.75 270.64 1.58 Total Revenue 17,246.71 100.00 16,943.87 100.00 17,134.38

revenue from selling electricity has increased significantly. Comparing Q4/2019 vs Q3/2019 Comparing Q4/2019 vs Q4/2018YoYQoQ Comparing 2019 vs 201812M Adjusted Net Income was Baht 5,177 million in 2019

, which has decreased from the 3rd quarter of 2014 for THB 6.13 million 5. Other Income The Company and the Subsidiaries had Revenues from Other Income to total revenue for the 3rd quarter of 2015, revenue