1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net

lessen countrywide spread control measurements, Thai economy was slowly recovering from the world economy contraction. Private consumption slightly recovered from the ease of measurements. Export sector

business/ restaurants. • However, regarding to COVID 19 measurements in March, sales from rice business were adjusted in positive results, while food center business were presented in negative results

a number of measurements to control selling and administrative expenses as mentioned above. 3/5 Oishi Group Financial Performance for the nine-month period ended June 30, 2020 Revenue Total sales and

-o-y) to 287,701 flights. This is attributed to the slowdown growth rate of aviation fuel consumption this year as it has been negatively impacted by a number of external factors, such as measurements

business and consumer segments, and can be lingering for the extended period. Thai government has issue many measurements to alleviate the effect, including a free data package and a free voice package to

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

investment start to flow back to USA, US Dollar start to get stronger in the long term (Source: The bank of Thailand). The overall global aviation industry in the first quarter of 2018, a growth in passenger