QUARTER ENDED 30 JUNE 2019 LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2019 Page 2/21 Overview of Business Operation LH Financial Group

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

product prices, and low inflation rate of 0.5%. The policy rate remained unchanged at 1.50%. Central Pattana Public Company Limited (“The Company” or “CPN”) carried out its business plan, while continued

providing seamless financial services whether in commercial banking or capital market business. All companies will use a new logo designed based on a combination of the existing logos of Kiatnakin Bank and

Microsoft Word - FY19 MDA edited after comment.docx 1 FY19 MD&A Advanced Info Service Plc. Executive Summary Mobile business grew amid competition In FY19, despite slow economic growth and continued

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

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

the accelerating growth both in terms of value and percentage change of sales of energy drink in overseas. Revenue from sales by business Unit: THB million 31 Mar 17 31 Mar 18 Amount Percent Branded

group’s domestic energy drink business in 2Q2018, indicated by 2.8% growth rate in 2Q/2018 which reflect the recovery from 8.9% shrink in 1Q/2018. However, the recovery of the Group’s domestic energy drink

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan