Public Company Limited (“the Company”) would like to submit the management discussion and analysis of the operating results for the nine months of 2020 ended September 30, 2020 as follows: Overall Group

1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19  Net profit was Bt144mn, decreasing 1.1% YoY.  Total revenue from core

Revenue was attributable to growth of industrial water’s sales volume mainly from newly Commercial Operation Date (“COD”) of 2 SPPs (GNLL2 and other SPP), existing customers and new IEs customers. In this

issuance limit at THB 4,500mn. With existing debenture of THB 2,212mn, the Company has availability of THB 2,288mn to issue debenture. Moreover, the Company is co-developing real estate projects with the

existing branches and new branches and also increasing in back office expenses. EBITDA profits from the performance in 3Q 2018 compare to in 3Q 2017, the Company EBITDA decreased from 12.9 percent to 12.8

Ref Ref. No. Thor Bor. 004/2561 March 16, 2018 Subject 1. Consider entering into transactions with related parties 2. Sale of land with building to Saha Phatanapibul Public Company Limited (Addition

1 Ref FN. 026/2019 Management Discussion and Analysis For operation of the first quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

/2561 June 19, 2018 Subject: Management’s discussion and analysis of the Company’s operating results for Q1/2018 period To: President The Stock Exchange of Thailand DOD Biotech Public Company Limited

59.98 % increase due to the abovementioned operating loss of the current quarter as mentioned above. On June 15 - 19, 2020, the Company offers ordinary shares by number of 495,416,810 shares to existing

U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: +66.2273.8838 F: +66.2273.8858