employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project development and expenses related to the bidding of the projects for

derived from employee benefit expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing

- Appropriated - Legal reserve 151.9 141.8 10.1 - Treasury shares 268.0 268.0 - - Retained earnings - Unappropriated 6,084.3 5,022.2 1,062.1 21.1% Treasury shares (268.0) (268.0) - - Deficit from business

is the ideal location for petrochemical, chemical, steel and utility- intensive customers requiring electricity and steam. After successfully acquiring 100% shares of Glow SPP1 from Glow Company

Wattanapat Samui Hospital Company Limited which will be set up a wholly- owned subsidiary under the Registered of Wattanapat Samui Hospital for the further proceeding of the Hospital’s business. According to

instruments or financial transactions: (1) shares of an investment company; (2) unit trust certificates; (3) instrument or evidentiary documentation showing the right in the assets of foreign collective

31 MARCH 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 2/22 Overview of Business Operation LH Financial Group Public

limited, or a public company limited incorporated under Thai law; (2) a foreign commercial bank whose branch the SEC Office has approved to operate commercial bank business in Thailand in accordance with

of 420 MW (contract capacity of 350 MW) with the well-known business partner in Vietnam, Xuan Cau group. The project is pursuing the 20-year Power Purchase Agreement with Electricity of Vietnam (EVN

commenced after all conditions are completed. For more detail, see “Resolutions of the Board of Directors Meeting Regarding Connected Transaction on the Offer to Tender the Entire Ordinary Shares of CSL