1 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis Operational Summary in 1Q18  Total revenue from core business was Bt842.14mn, an increase of 17.8 % YoY

1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary  Total revenue from core business was Bt3,339mn

beverages grew 4.0% YoY. Total personal care continued to grow 6.4% YoY, of which CLMV markets grew 31.6%. Overall international business grew 8.6% at constant FX rate, driven by CLM. OEM-glass bottles sales

operation, the same as those of previous year. The total sugar volume sale decreased from 202,451 tons (Q3- 2016) to 196,221 tons (Q3- 2017) (2) Oversea Sugar Business, in year 2017, the company exported raw

followings: Total revenue of Q3/17 in increased by 9.47 million baht (4.64%) comparing with Q2/17 but is decreased by 7.82 million baht (3.53%) when comparing with Q3/16. The increasing in total revenue

par value of 10.00 Baht. The total value 130,000,000 Baht, paid – up as 101,625,000 Baht. Separate into  100,000 ordinary shares has fully - paid of 10 Baht per share, totally in 1,000,000 Baht

are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of the year 2018, the Company had growth rate 1.82 percent of total revenue from furniture business. The mainly

365.37 370.47 -5.10 -1.38% 365.20 364.64 0.55 0.15% Loss (profit) from the exchange rate 0.00 0.00 0.00 N.A. 0.00 0.00 0.00 N.A. Other incomes 6.89 11.06 -4.17 -37.67% 4.69 9.26 -4.57 -49.31% Total Revenue

% (50.34%) (87.81%) Other Comprehensive income 0.00% 0.00% Acturial gain (Loss) Empoyee benefit plans 0.77 - 0.77 N/A 0.44% 0.00% Total Other Comprehensive income 0.77 - 0.77 N/A 0.44% 0.00% Total

(%) Revenue from Sales and Service 726.29 831.63 -105.34 -12.67% Total Revenue 729.12 840.17 -111.05 -13.22% Net Profit for the Period 58.12 167.41 -109.29 -65.28% Net Profit for Shareholders of the Company