Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

Stock Exchange. Net Profit Net profit in 2019 was 114.66 THB mn or equivalnt to 7.56 percent. The net profit and net profit margin in 2019 was higher compared to 2018 due to the higher proportion of

expenses related to the preparation for listing on the Stock Exchange. Net Profit For the first nine-month of 2020, the company had a net profit of 5 0 . 2 4 THB mn, a decrease of 4 2 .53 THB mn from the

Stock Exchange. Net Profit For the first six-month of 2020, the company had a net profit of 29.12 THB mn, a decrease of 12.46 THB mn from the same period of year 2019 or 29.97 percent decrease. The main

travel expenses, share-based payment transaction, and stock destruction fee. During 9M17, administrative expenses were in the amount of Bath 107.14 million, an increase by Baht 17.76 million or 19.87% as

expansion, and stock destruction fee. Net Profit The Company’s net profit in 2Q17 was in the amount of Baht 15.60 million – a decrease by 47.88% when compared with that in 2Q16. This increase was mainly due

, decreased by 6.2% previous year due to the dividend payment of Bt473.96mn, treasury stock of Bt187.34mn and net profit of Bt583.10mn in 2018. Key Financial Ratio Quarter Quarter Quarter 4/2017 3/2018 4/2018

was 46.3% increasing from 2Q18, due to net profit and treasury stock. 5 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis 2019 Management Outlook The Company

efficiently. Return on equity was 44.5% increasing YoY, due to net profit and treasury stock. Quarter Quarter Quarter 1/2018 4/2018 1/2019 Current ratio 0.59 0.58 0.63 Debt to Equity ratio 1.77 2.13 1.75

interested rates after being listed on the Stock Exchange of Thailand. Net profit and net profit margin Unit For the year ended 31 March 2020 2020 Net profit THB mm 19 58 Net profit Margin % 3.7 11.4 For the