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

will consider with the value of the return on investment in with this method of estimating the income and profit and loss of the project in the future including evaluating business risks. Howerver, based

estimating the income and profit and loss of the project in the future including evaluating business risks. Howerver, based on the opinion of financial advisor, Absoluted Advisory Company Limited chose the

profit and loss of the project in the future including evaluating business risks. However, based on the opinion of financial advisor, Absoluted Advisory Company Limited chose the discount cash flow

Thailand In reference to the Board of Directors' meeting of Safari World Public Company Limited (the "Company") No. 6/2561 on May 25, 2018, the Board of Directors had a resolution for the Company to enter

. Vienna House has also been evaluating future hotel opportunities that are located not only in new and existing destinations in Europe but also in Asia where a hotel under the Vienna House (Thailand) JV

a guidance for companies to evaluate their internal control adequacy. This evaluation form is based on COSO1s framework (The Committee of Sponsoring Organizations of the Treadway Commission) revised

formerly only managed by Vienna House for EUR 8.9mn (THB 347mn). On 1 March 2018, all economic benefits, risks, obligations, and rights attached to the hotel were transferred to the purchaser, while the

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

times its total foreign-currency-denominated debt. The Thai baht stood at 32.55 THB/USD at the end of 2018, easing by 0.75 percent from 32.31 THB/USD at the beginning of the year. On the domestic front