(THIS REPORT DISCUSSES PRINCIPAL CHANGES TO THE UNREVIWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED 31

Assets” ) with the transaction size of 30.24% of net profit of the Company’ s consolidated financial statements as of 30 September 2017. The transaction size is higher than 15% threshold criteria but lower

”), with the highest transaction value of 45.04 percent base on the net tangible asset basis, calculated from the latest audited consolidated 9-month financial statements ending 30 September 2017 of the

size is equivalent 4 to 98.67 percent of the net tangible assets (NTA) of the Company as appeared in the reviewed consolidated financial statement of the Company ending June 30, 2019, and after computing

generate new sources of revenue. Banking operations were also continuously improved to reduce costs. On the regulatory front, the Bank of Thailand implemented a macroprudential policy to regulate the Loan-to

total loans 3.8% 3.9% 3.5% (0.1)% 0.3% Ratio of loan loss reserves to NPL 159.3% 160.2% 160.0% (0.9)% (0.7)% Total capital adequacy ratio 17.97% 18.17% 18.26% (0.20)% (0.29)% ** Less deferred revenue Bank

total loans 3.8% 3.7% 3.2% 0.1% 0.6% Ratio of loan loss reserves to NPLs 154.0% 151.2% 173.6% 2.8% (19.6)% Total capital adequacy ratio 18.73% 18.13% 18.32% 0.60% 0.41% ** Less deferred revenue Bangkok

% 0.64% (0.31)% ** Less deferred revenue For the first nine months of 2018, Bangkok Bank and its subsidiaries have reported a net profit attributable to owners of the Bank of Baht 27,229 million, an

% 17.96% 2.43% 2.75% ** Less deferred revenue Bangkok Bank and its subsidiaries reported a net profit attributable to owners of the Bank of Baht 9,438 million for the third quarter of 2019, an increase of

subject to the Company’s net tangible assets (NTA), greater than THB 20,000,000 and greater than 3 percent of the Company’s net tangible assets pursuant to consolidated financial statement for the period