period at the previous year. It is mainly due to the selling promotion and advertising expenses from Wuttisak Cosmetic launching Wuttisak Beauty Station to expand its business into the total beauty

through franchise models • Focus on regional branch expansion throughout major cities in order to create opportunities to capture more customers • Target to expand to total of 100 branches by the end of

operation in total of 10 branches. In 2023, the Company continues to expand more branches by opening additional 4-5 new Mikka Café branches In addition, the Company still gives high importance to the

revenue of Bt31,364mn, growing 1. 1% YoY and 1. 6% QoQ while ARPU declined 0. 7% YoY but improved 0. 2% QoQ. Growth in postpaid segment continued to expand to 20% of total subscribers, compared to 18% last

exceed 105 million baht to expand new subsidiary. 3.2 Total Value of the Transaction The transaction is considered an asset acquisition transaction. according to the notificationof the acquisition or

equipment and information technology system approximately 5.00 million baht. Total costs are not exceed 105 million baht to expand new subsidiary. 3.2 Total Value of the Transaction The transaction is

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

aims to expand Boonterm kiosk to reach 122,000 kiosks nationwide and the total usage amount of Bt32,000mn. The Company focuses on being the leader of payment solutions by 5 digital retail channels

1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY

: Performance Overview In 2018, the domestic economic have signed to expand from the tourism sector improvement, Private consumption and private investment also improved, This was the company achieved expansion