from the same period last year by 45.66 million baht or 54.69%. The increase from the revenue from services by the Company, as a result of continue increasing demand of Non-Destructive testing service

was Baht 142.58 million, increasing by Baht 45.52 million or 46.90 % when compared to that of Baht 97.06 million in the year 2017. The total revenue comprised:- - The revenue obtained from Telecom

subsidiary for the third quarter of the year 2018 was Baht 41.12 million, increasing by Baht 18.79 million or 84.15% when compared to that of Baht 22.33 million in the third quarter of the year 2017. The total

amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound

661 6664-5 www.indoramaventures.com Ref.No.IVL001/03/2020 9th March 2020 President The Stock Exchange of Thailand Subject: Formation of a 70:30 Recycling Joint Venture with Coca-Cola Philippines

Transaction 19/03/2020 12:47 Update on the construction of the integrated PTA-PET assets in Corpus Christi, Texas, USA 09/03/2020 17:26 Formation of a 70:30 Recycling Joint Venture with Coca-Cola Philippines

1 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Operational Summary 9M18 Operational Summary  Total revenue from core business was Bt2,523mn, increasing

271.42 million or increased 29.27% when compare to the same period of 2016, due to the increasing of the quantity of Sales. 2. Cost of goods sold was Baht 1,021.58 million, and the gross profit margin was

Baht. Mainly by the increasing of Revenue from sales 17% with the increasing from domestic sales and expansion oversea market. There are gross margin rate for the period is 21%, and 14 % in 2018. As the

Baht 20.16 Million or 1.38% when compare to the same period of 2019, due to the increasing of the quantity of Sales. 2. Cost of Sales was Baht 1,284.25 million, decreased 4.66% when compare to the same