(FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Covid-19 pandemic has affected economic condition worldwide including Thailand, which severely decrease revenue of both
into your home through our group e-commerce platform, mobile application, Line Chat&Shop and Call&Shop as well as free delivery service upon certain condition. Meanwhile, the Company has already taken
our staff and customers remains our top priority. The Company constantly evaluate the situation and take proactive action to manage up-to-date under condition that are changing rapidly by aware of the
increasing of wastewater tariff. In case that subsidiary need to continue this project with the same condition in the contract, the return will not be worth. At present, the subsidiary is drafting the notice
increasing of wastewater tariff. In case that HSMC need to continue this project with the same condition in the contract, the return will not be worth for the investment in the future. Both parties tend to
year ended 31 December 2019, the Company and its subsidiaries earned service income totaled THB 43.34 million, a decrease of THB 6.69 million or 13.37% from last year. As a result of the condition of
Bangkok Condition : Ready to use Transaction : Panjawattana Plastic Public Company Limited will purchase land with buildings from Mr.Kongsak Hemmontharop Value of transaction : THB 60,000,000 (Sixty million
, Bangbon District Bangkok Condition : Ready to use Transaction : Panjawattana Plastic Public Company Limited will purchase land with buildings from Mr.Kongsak Hemmontharop Value of transaction : THB
operations. 9. Expected Benefits to the Company To increase the efficiency in cash management, liquidity, generate a suitable return, and risk management. 10. Condition of the Transaction This Transaction is
efficiency in cash management, liquidity, generate a suitable return, and risk management. 10. Condition of the Transaction This Transaction is considered as an acquisition of the total assets of the Company