Microsoft Word - MD&A 3Q2020-E_Final by FA&Mark _3 Nov 2020_.docx 1 Ref: CSO. 034/2020 Date: 3rd November 2020 Subject: Management Discussion and Analysis Quarter 3 Ending 30th September 2020

Microsoft Word - MD&A 3Q2020-T_Final by FA&Mark _3 Nov 2020_.docx 1 ที สลบ. 034/2563 วนัที 3 พฤศจกิายน 2563 เรือง คําอธบิายและวเิคราะหข์องฝ่ายจัดการ ไตรมาสที 3 สิ/นสดุวนัที 30 กนัยายน 2563 เรยีน กรรม

10.5mn.  No. of Rabbit LinePay users reached 5.5mn users, an increase of 83.0% in 2018/19, surpassing the full-year target at 5.3mn users.  Delivered more than 200,000 smart product samples with Kerry

. Total revenue decreased of Baht 272.67 million or 108% mainly from:  Gain from investments decreased of Baht 242.20 million mainly from mark to market price of investment in listed securities decreased

1 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Operational Summary in 2Q18  Total revenue from core business was Bt848.81mn, an increase of 10.4% YoY

1 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Operational Summary in 2Q18  Total revenue from core business was Bt848.81mn, an increase of 10.4% 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

& beverage customers. - Cost of the sales and services of 2016 was 90.79% decreased to 89.83% on 2017 or decreased 0.96% from sales due to can mark-up price to the customers which new price of R/M. - Selling

”) – “District 9 Project: Digital Industrial Zones and Intelligent Communities”, which is a project to study the guidelines for smart city development to satisfy the demand of production, commerce, energy, and

(“Rabbit AEON”) จ ำนวน 1,633 ลำ้นบำท เพิ่มขึ้น 19.6% จำกชว่ง 9 เดือนที่ผ่ำนมำ  ส่งสินค้ำทดลองกว่ำ 150,000 ชิ้น ให้แก่กลุ่มลกูค้ำเป้ำหมำย (“smart sampling”) ผ่ำนชอ่งทำงกำรส่งของ เคอร์ร่ี เอก็ซ์เพลส (“Kerry