the Requirement to Make the Tender Offer for all Securities of the Business by Virtue of the resolution of the Shareholders’ Meeting (Whitewash), Appointment of the Independent Financial Advisor and

QUARTER ENDED 30 JUNE 2017 LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2017 Page 2/22 Overview of Business Operation LH Financial Group

QUARTER ENDED 30 JUNE 2017 LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2017 Page 2/23 Overview of Business Operation LH Financial Group

(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 83.98% (The construction plan was 84.12%). The

household debt. Domestic industries remaining expanded and some large corporates invested in long-term big projects. For example; petroleum products business which having investment plan in Eastern part and

because of Baht appreciation. Business outlook for Q1/2020 was expected that Thailand economy would be depressed compared to the same period of 2019, in line with economic and the slowdown of private

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 48.06% (The construction plan was 37.50%). The commercial

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 89.83% (The construction plan was 88.38%). The commercial

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 93.69% (The construction plan was 92.41%). The commercial

marketing with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains