(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

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

purchase of shares from an existing shareholder). 5.2 General Information (1) Overview of Hero Experience Name : Hero Experience Co., Ltd. Address of Principal Office : 48/27 Soi Rungrueng, Ratchadapisek

(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

2018, Cost of sales was 15,649 MTHB, increased by 209 MTHB comparing to 2017 or 1% as a result of greater main raw material prices despite of lower overall sales volume. Higher average Ethylene price

) 0.31 0.24 0.07 Unit : THB'000 Total revenue was THB 4,546.81 million, an increase of THB 1,482.31 million or 48.37%. The main businesses of the Company and its subsidiaries were as follows: (1) Real

) Million Baht % Million Baht % Million Baht % Revenues from main business Faucets business** 378.5 17.3 308.1 50.2 70.4 22.8 Palm oil trading business 1,804.3 82.3 303.3 49.4 1,501.0 494.9 Consulting and

partially offset by higher sales volume of all main products as a result of stable operation. The share of domestic and export sales has no significant change comparing with the previous year. * Note Please

of the main customers in South America expanded more branches and the new policy of the Company to sell products to only one customer in some country where the customer has high market shares in

THB 23.1 million from 2018. The company’s profit for the year was THB 48.6 million, increased by THB 27.5 million, and its profit margin for the year was increased 130.6% from 2018. The main reasons for