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

items 272(2) - n.a. - - -1,648(3) - n.a. Net Profit 443 251 76% 185 139% -1,161 521 -323% EPS (Baht/share) 0.43 0.24 79% 0.18 139% -1.13 0.56 -302% Note : (1) Adjusted EBITDA refers to EBITDA excluding

-200% 0 -1,789 -100% EPS (Baht/share) -0.02 -1.81 -99% 0.02 -200% 0.00 -1.75 -100% Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV (2) Extra items were expenses

%) (43.31) 29.4% Gross Profit 126.54 46.2% 164.91 46.4% 38.37 30.3% SG&A (48.13) (17.6%) (69.08) (19.4%) (20.95) 43.5% Operating Profit 78.41 28.6% 95.83 26.9% 17.42 22.2% Share of Profit in Associates 0.15

1st quarter of 2021, as follows: Business Overview The Thai economy in the first quarter of 2021 was pressured by the domestic COVID-19 situation that impacted the country’s economic recovery momentum

to regulation. 5. Scope of interests of Connected persons KYE and MTC got a joint major shareholders as follows:- - Mitsubishi Electric Corporation holds 9,048,020 shares or 41.13% of the share in KYE

for the year from discontinued operations. - - - - - (8) 8 100% Profit (loss) attributable to Equity holders of the Company 158 9 149 1650% 309 176 134 76% Earnings per share (THB/share) 0.26 0.02 0.25

to purchase land and the copany make decision to sell for receive high benefit. So, the company will remain only land with lease contract for operating business. The details of transaction are as

, determine the details, conditions and take any actions necessary for the purpose of stock trading, signed ALP FPI's share purchase agreement, as well as other operations necessary and appropriate in relation

to the share price but not yet publicly disclosed. After Mr. Itthipat (CEO and director) and Mr. Nutchatpong (Managing Director – Business Support), knew or possessed such inside information, Mr