activity, not an entity or a project. In order to assess the eligibility of the activity under the Thailand Taxonomy, one must first dissect an entity or a project into separate activities that generate

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

and services was ฿ 319.91 million, ฿ 34.68 million decreasing or 9.78 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of sales and

7.25 % from the same period of last year. This is result from decreasing in normal administrative expense such as decreasing in staff cost. 4. Finance cost was Baht 11.19 million; increase Baht 3.80

costs of sales and services was ฿ 478.96 million, ฿ 44.34 million decreasing or 8.47 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of

฿ 604.31 million, ฿ 29.63 million decreasing or 4.67 %. Resulting in profit decreased the year ended December 31, 2018, the company has profit of ฿ 19.00 million, ฿ 70.78 million decreasing from the same

Subsidiaries’ Financial Statement as of March 31, 2019 MDX Public Company Limited (“MDX”) would like to explain major factors that affect Q1/2019 consolidated operating results as follows: ▪ A decreasing cost of

costs of sales and services was ฿ 457.41 million, ฿ 21.55 million decreasing or 4.50 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of

current operation. 3. Selling expense were Baht 43.35 million; decreased Baht 5.13 million or 10.58% from same period of last year This is the same trend of decreasing in Revenue from sale and service. 4

market competition on restaurant business and result of decreasing in number of branchs. 2. The Company’s cost of goods sold in the year of 2019 was Baht 654.40 million, decreased by Baht 59.48 million, or