(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE UNREVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED

(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED 31

Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the six-month period ended June 30, 2019 Table 1

financial position for the fourth quarter and year ended December 31, 2019 with those of 2018. This report discusses principal changes in the audited consolidated financial statements. Overall market

and financial position for the third quarter and the nine months ending September 30, 2017 with those of 2016. This report discusses principal changes in the unreviewed consolidated financial statements

and financial position for the third quarter and the nine months ending September 30, 2017 with those of 2016. This report discusses principal changes in the reviewed consolidated financial statements

Plc. Financial Position (Bt mn/% to total asset) TFRS 15 Key Financial Ratio 1Q18 4Q18 1Q19 4Q18 1Q19 Cash 9,067 3.1% 20,498 6.9% Interest-bearing debt to equity (times) 2.1 1.9 1.8 ST investment 2,221

end of year 2016 of 11.80 percent, a decrease in long-term loan and financial lease liabilities due within one year of 38.32 percent and a decrease in loan interest payment of 22.36 percent. (5) Debt

loan and financial lease liabilities due within one year of 51.17 percent and a decrease in loan interest payment of 29.81 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk

) Public Company Limited (“the Company”) would like to clarify on operating results and the financial position had varied over 20 percent for the year 2018 ending on December 31, 2018 of the Company and its