. The transaction size is equivalent to 98.67 percent of the net tangible assets (NTA) of the Company as appeared in the reviewed consolidated financial statement of the Company ending June 30, 2019, and

98.67 percent of the net tangible assets (NTA) of the Company as appeared in the reviewed consolidated financial statement of the Company ending June 30, 2019, and after computing of the foregoing with

14.15%. The drop in net profit margin was derived from the decline in sales revenue especially from overseas, Proportion of cost of goods sold that shot up a little from the adjustment in production plan

profit margin of the Company was derived from the adjustment in production plan to reflect the slowdown in sales revenue during the first half which resulted in stable production cost including

profit margin of the Company was derived from a significant drop in overseas sales revenue as well as cost of goods sold that adjusted upward slightly from the change in production plan. Selling expenses

1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net

Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

size is equivalent 4 to 98.67 percent of the net tangible assets (NTA) of the Company as appeared in the reviewed consolidated financial statement of the Company ending June 30, 2019, and after computing

) - (104.6) 100.0 Gross profit 354.5 420.1 426.3 425.0 (1.3) (0.3) 1,625.9 1,417.5 208.4 14.7 Net loss on exchange rate (28.3) (47.6) (7.3) (20.3) 13.0 > 100 (103.5) (10.0) 93.5 > 100 Other income 14.1 11.0

receivables under finance lease net of unearned financial income. Revenue from sales of electricity under the Power Purchase Agreement then recognized as a Revenue from service under a Power Purchase Agreement