projects would be from year 2020 onwards. Expansion in Cambodia, the Philippines and Oman B.Grimm has expanded renewable power business to the Philippines through the 6 MW solar rooftop project, to Oman
business of 1,473 million Baht (25% of total revenues from property business); significantly increased by 326% as compared to the year 346 million Baht. The significant increase was primarily due to the
87,000,000 shares at par value of 0.50 Baht or 50% of IPO (174,000,000 shares) Spin-off Plan is consistent to UAC Plan by growing UAPC with business competency, strong financial position and being able to
household debt. Domestic industries remaining expanded and some large corporates invested in long-term big projects. For example; petroleum products business which having investment plan in Eastern part and
because of Baht appreciation. Business outlook for Q1/2020 was expected that Thailand economy would be depressed compared to the same period of 2019, in line with economic and the slowdown of private
incentives of a property fund for exemption of the value added tax, the specific business tax, and the stamp duty due to the conversion of a property fund into a real estate investment trust, as well as the
compared to Q1 2017 of 817 million Baht, comprising of: (1) gross profit from property business of 156 million Baht (29% of total revenues from property business); significantly decreased by 70% as compared
marketing with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains
QUARTER ENDED 30 SEPTEMBER 2017 LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2017 Page 2/22 Overview of Business Operation LH