(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED AND AUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE SECOND

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

total value of consideration criterion, which gives the highest transaction value (according to the reviewed consolidated financial statements of the Company for the period ended June 30, 2017). After

assets of the Company, calculated from the reviewed interim consolidated financial statements of the Company for the six-month period ended June 30, 2018. The Company has a duty to disclose the information

percent of the value of the net tangible assets of the Company, calculated from the reviewed interim consolidated financial statements of the Company for the six-month period ended June 30, 2018. The

date possible. Any project worth 10 percent or more of the total income in the consolidated financial statements of the latest financial year shall be disclosed with expected turnaround schedules during

of the most recent date possible. Any project worth 10 percent or more of the total income in the consolidated financial statements of the latest financial year shall be disclosed with expected

or may cause a significant decrease in the value of the ordinary shares of the Business; or Tender Offer for Securities of Glow Energy Public Company Limited Form 247-4 Part 1 Page 5 9.3 any act

to the consolidated Audited Financial Statement of the Company, as of December 31, 2017. As a result, the Company is required to comply with the Connected Transaction Notifications, by disclosing

Notifications”) whose transaction size is equivalent to 87.59 percent of the net tangible assets (NTA) of the Company and its subsidiaries according to the reviewed consolidated financial statements of the