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

the fund to be higher or lower than the principal amount invested. ▪ Medium-term and long-term investors who expect the returns in the long-run to be better than investing in fixed income securities

cause the return on investment in the fund to be higher or lower than the principal amount invested. ▪ Medium-term and long-term investors who expect the returns in the long run to be better than

cause the return on investment in CIS to be higher or lower than the principal amount invested. ▪ Medium-term and long-term investors who expect the returns in the long-run to be better than investing in

) COMPANY LIMITED PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED PRUDENTIAL LIFE ASSURANCE (THAILAND) PUBLIC COMPANY LIMITED PI SECURITIES PUBLIC COMPANY LIMITED PINNACLE ADVISORY COMPANY LIMITED PLOENCHIT

Million Baht decreased from the last year 130.51 Million Baht. In 2016, get hold of the debtor to repay its debt for a long time amount 288.81 Million Baht and Loss from reducing the principal debt and

payables repayment.  Short-term borrowings from related companies decreased THB 20.00 million from THB 238.50 million as at December 31, 2018 to THB 218.50 million due to principal repayment.  Realization

equivalent to THB 3,160,689,724.68 (divided into principal of USD 58,392,108 or equivalent to THB 2,015,066,231.00, and interest of USD 33,197,604, or equivalent to THB 1,145,623,493.68) (the “Trade Debt”). 2

a letter from ACO I to confirm the amount of transferred debt as at January 31, 2017, of USD 91,589,712, or equivalent to THB 3,160,689,724.68 (divided into principal of USD 58,392,108 or equivalent

company holding the shares in other companies which engage in the business 4 of aesthetic clinic, retailing and wholesaling of cosmetic products Principal office: 35/62 Moo 2 Kwamwongwan rd., Bangkhen