1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Profit(Loss) attributable to equity holders of the company -31.46 -20.44 -11.02 -53.88 Financial Position as at June 30 , 2018 and December 31, 2017 (Unit : Million Baht) 2018 2017 Inc./(Dec.) % Current

highlights (based on Thai FRS) Q2 2018 Financial Position Summary as of 30 June 2018 compared to Q2 2017: H1 2018 Financial Position Summary as of 30 June 2018 compared to H1 2017: Note: Gross profit = Sales

Investors (Private Placement) at the Offering Price with a Discount of not more than ten percent of the Market Price (Enclosure 1) 4.5 Potential impacts on the business operation, financial position and

6 NOV 2018 FINANCIAL POSITION (THB mn) Changes in financial position in this quarter was mainly resulting from the consolidation of Trans.Ad Group’s financial statements since 1 Aug 2018 as well as

of the construction cost and administrative expenses as mentioned above. Summary of the 3rd quarter/9-month Financial Position as ended 30 September 2018 The total 9-month income as ended 30 September

Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Financial Position MB % MB % MB % Current assets 1,348.32 31.7% 1,256.81 32.6% (92) -6.8% Non-current assets 2,912.13 68.4% 2,603.09

% EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 5 7. FINANCIAL POSITION ANALYSIS Financial Position (MB) As of 31 Dec, 2017 As of 30

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

SEPTEMBER 2018 3. Financial highlights (based on Thai FRS) Q3 2018 Financial Position Summary as of 30 September 2018 compared to Q3 2017: YTD 2018 Financial Position Summary as of 30 September 2018 compared