businesses since we focus on expanding customer base with business expertise • Overall gross profit margin increased from 9.8% to 11.3% amount Baht 45 million. 2019 2018 Change % Change Revenue 1,839 1,673 167

20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...

-border investments, competitiveness of the Thai capital market. 3.3 Changes in social structures, including an aging society, economic and social inequality, degradation of resources, and focus on

investment results. Climate change, water scarcity, community conflicts, resource depletion, supply chain breakdowns, worker well-being and economic inequality, coupled with instantaneous communication, can

29.3% YoY. FSMART has continued the strategic plan of expanding the number of Boonterm kiosk effectively and maintaining the ARPU (average revenue per unit) level efficiently. In 2017, the average ARPU

hemodialysis center in Bangkok, 3 hemodialysis centers in northeastern and 2 hemodialysis centers in western, which patients are increase as continuously to fully capacity. And, continue to focus on expanding

Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition This transaction will enable the company to acquire 85.65% of ordinary shares and will be expanding the opportunity to

million baht due to being in the beginning and expanding period. Expenses of GWM increased from the same period of last year by 3.37 million baht and expenses of NCL Singapore subsidiary increased by 1.92

accommodate patients increase. Currently, the Hemodialysis Center continues to focus on expanding. And Medical Vision Co., Ltd. has distributed medical equipment. In the 1st quarter 2017, it recognized income

from expanding Boonterm kiosk. 2) Sales profit was Bt0.88mn, a decrease from 2Q2017 which was Bt1.44mn, represented 38.9%. In 2018, the Company emphasize efficient Boonterm kiosk spot, meanwhile in 2Q17