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

gas sector 95.75% compared to previous year. However, during 2017, the Group has completed property construction service, the property construction service income of Q3 2017 compare to the same period

2017, the Group has completed property construction service, the property construction service income for the year compare to last year was decreased. As at 31 December 2017, the Group has backlog for

according to TFRS15. Moreover, there was selling expense for Testing and Inspection service amounting of 0.36 Million Baht, or 130% compared to the previous year. 4. Financial cost slightly increased 1.20

56-1 | Financial | Tender Offer | Whitewash | Annual Report | 59-2 | Equity-News | All Document *  สำหรับผู้ที่ใช้งาน Internet Explorer version 7.0 (IE 7) เป็นต้นไป ในกรณีที่ท่านเลือกใช้งานเมนูต่างๆ

reasons of the increase of inventory, property, plant and equipment and also the investment in associates. 2. Total Liabilities and Shareholder’s Equity Statement of Financial Position June 30, 2018

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

or loss Consolidated financial statements (Thousand Baht) 30 Sep 20 % 30 Sep 19 % YOY %YOY Sales 718,548 71.96% 665,954 78.58% 52,594 7.90% Service income 110,265 11.04% 102,848 12.14% 7,417 7.21

PAGE 1 OF 4 GEL.CS.014/2563 16 November 2020 Subject: Management Discussion and Financial Analysis for the operating results of the third quarter of 2020, ended September 30, 2020 To: Director and

bridging loans from financial institution(s) for the Acquisition of Trust’s Units Transaction and will repay such loans with the proceeds from Disposition of Assets Transaction (if any).  Approved the