Transaction The Board of Directors has considered information and is of the view that the Transaction will benefit the Bank, and that the Transaction is reasonable and appropriate. 12. Approval of the
benefit expenses, fee and service expenses, interest expense and other expenses. LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page
. Total Expenses Total expenses were included employees’ benefit expenses, fees and service expenses, interest expenses and other expenses. In the first quarter of 2021, total expenses were Baht 70.9
ended 31 March 2020 2 | P a g e *Value may differ by one decimal point due to rounding Highlights 1/ One-time expenses in Q1/2019 were resulted from the employee retirement benefit (net after tax). 2
decrease was driven by the COVID-19 pandemic and an increase in employee benefit according to the new labour protection act effective in 2Q19. However, the Company had the positive impact on EBITDA of Baht
disposals of PPE 29 331 - NA NA - - Management benefit expense (35) (33) (40) 14% 23% (40) - Other financial cost 3 (0) (5) -254% 1772% (5) - EBITDA 18,868 19,366 19,576 3.8% 1.1% 22,777 3,201 EBITDA margin
& amortization 13,025 13,442 13,546 4.0% 0.8% 51,842 53,374 3.0% (Gain) loss on disposals of PPE 6 -7 26 349% n/m 30 26 -15% Management benefit expense -45 -37 -26 -42% -31% -168 -145 -13% Other financial cost -4
& amortization 13,546 13,222 13,118 -3.2 % -0.8 % 53,374 52,902 -0.9 % (Gain) loss on disposals of PPE 30 3 -8 -127 % -390 % 26 20 -23 % Management benefit expense -26 -36 -29 13 % -19 % -145 -133 -8.4 % Other
customers. • Broadband to benefit from TTTBB acquisition and continue the growth momentum with a larger subscriber base, leveraging a combined coverage across Thailand, innovative product offerings, and
points from every petroleum product purchased, along with goods and services under Bangchak brand, and developed Bangchak Mobile Application to benefit members in terms of convenience and speed. o The