) N/A 0.06 0.25 N/A 317% Solar Power Business – Japan (14.7 MW) 9.16 3.92 4.09 -55% 4% Total Electricity Sales (Million kWh) 75.19 76.95 75.97 1% -1% Revenue (Million Baht) 801 815 808 1% -1% Share of

ended 30 June 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 June 2019 30 June 2018 Increased

1 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Operational Summary in 4Q17  Total revenue from core business was Bt3,105mn, an increase of 38.3 % YoY

liability 4,470 Registered and paid up capital 1,655 Shareholders’ equity 6,047 Total revenue 3,853 Expenditure 3,075 Net profit (loss) 683 Earning per share (baht) 3.94 Book value per share (baht) 36.54

of the Year Period Ending December 31, 2017) (1) Overall Operating Results For the year 2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the

the Company and its subsidiaries Q2/2016 Q1/2017 Q2/2017 YoY QoQ 6M2016 6M2017 YoY Total Revenue 37,262 43,995 42,828 15% -3% 67,538 86,823 29% Accounting EBITDA 4,085 4,075 2,514 -38% -38% 5,504 6,589

advertising and marketing tools. 2018 was another all-time high financial record for MACO – a culmination of 4 consecutive years of record-breaking achievement – having achieved revenue and net profit of

%) (6.47) (305.76%) 0.25 (8.05%) (4.11) 1,670.73% Net Profit (Loss) 76.56 5.45% 48.41 4.65% 28.15 58.15% 110.64 7.60% (34.08) (30.80%) Earnings per share (Baht per share) 0.0150 0.0090 0.0060 66.67% 0.0211

Expense 0.03 0.002% (0.75) (0.07%) (0.77) (103.62%) 4.36 0.31% 4.33 (99.38%) Net Profit (Loss) 82.41 5.44% 54.98 5.34% 27.42 49.88% 76.56 5.45% 5.85 7.64% Earnings per share (Baht per share) 0.016 0.011

million and earnings per share of Baht 0.54, an increase of 22% when compared to consolidated profits (attributable to equity holders of the parent) of Baht 887 million and earnings per share of Baht 0.45