1 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Operational Summary in 2Q18  Total revenue from core business was Bt848.81mn, an increase of 10.4% YoY

operating results Details as follows: Performance summary (Summary Table) Unit: Million Baht Q2/2019 Q2/2020 %change 6M/2019 6M/2020 % change Revenue from contracts with customers 91.8 87.0 -5.2% 181.7 184.1

11,534 25,744 123.2% Total equities attributable to Owner 5,900 18,653 216.2% Net-int debt to equity (times) 4.1 1.4 STATEMENT OF FINANCIAL POSITION ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core

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

summary of the Company’s operating performance in the second quarter of 2017 and 2016 is shown in the following table: 2Q17 1Q17 %Change 2Q16 %Change [Amount: in Baht Million] Q-o-Q Y-o-Y [2Q17 VS. 1Q17

. A summary of the Company’s operating performance in the third quarter of 2017 and 2016 is shown in the following table: 3Q17 2Q17 %Change 3Q16 %Change [Amount: in Baht Million] Q-o-Q Y-o-Y [3Q17 VS

Lime operating a 7th kiln and adding 15% production capacity, will positively impact revenue in Q1 2018. 3. Financial highlights (based on Thai FRS) Q4 2017 Financial Position Summary as of 31 December

. Financial highlights (based on Thai FRS) Q2 2019 Financial Position Summary as of 30 June 2019 compared to Q2 2018: H1 2019 Financial Position Summary as of 30 June 2019 compared to H1 2018 Note: Gross profit

. Shareholder equity increased in-line with the additional net result. Balance Sheet Summary as of 30 June 2018 compared to 31 December 2017: 3.3. Cash Flow Analysis Cash and cash equivalents in 2Q 2018 increased