appointed Capital Advantage Company Limited as the independent financial advisor to give opinion on the transaction for consideration by shareholders. The details on the increase of investment cost in

any facts that are material. 3. Opinions of the independent expert on the entering into the transaction The Company has appointed Capital Advantage Company Limited as the independent financial advisor

Company Limited would like to clarify the operating results of the Quarter ended June 30, 2019 that has net Profit of Baht 34.81 million, increased from the same period of previous year that has net profit

“Company”) would like to clarify in operating performance for the 2nd quarter (three months period) ended June 30, 2019. The Company’s net profit was Baht 74.50 Million which increased by Baht 42.78 Million

has expertise and knowledge in manufacturing which will be advantage for production development of NDR. iii) Financial Status – Based on the past 3 year business performance, FKRMM has profit from

Microsoft Word - MD^0A_FY2019_EN_Final 1 Forth Smart Service Public Company Limited (FSMART) FY2019 Management Discussion and Analysis Operational Summary in FY2019  Net profit was Bt584mn

is a transaction of which NDR expects immediately benefit because FKRMM has been a customer of NDR for more than 10 years, and has continuously increase in sales of motorcycle of tires and tubes in

used for calculation of other transactions.) The acquisition of FKRMM's shares is a transaction of which NDR expects immediately benefit because FKRMM has been a customer of NDR for more than 10 years

future. 4) After paying some debts, the Company still has some money left to use for internal operation. 5) The general financial statement status will be better. 6. Benefit from the Transaction According

American continent and create opportunity for more income in the long term 3. To gain access to new manufacturing technologies, which will give the company an advantage in developing its products in the