that showed sign of recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of
shareholders structure as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2019 Page 3/21 Thailand's Private Sector Collective Action
completed; or b. by a private placement of the Company’s newly issued shares offered to the Seller, with the offering price of 1.00 Baht per share, and the number of issuing shares equal to the amount of
Thailand's Private Sector Collective Action Coalition Against Corruption’s Certificate LH Financial Group Public Company Limited, Land and Houses Bank Public Company Limited and Land and Houses Fund Management
in Q4/2018 continuously grew. Export-oriented manufacturing businesses continuously expanded but domestic-oriented manufacturing was rather stable as slow recovery of private consumption and high
business. Similarly, private investment sector was slowdown regarding to the concern about uncertain government spending except in the electronics group that moved production base from abroad and the
Baht appreciation, affected to production competitiveness that manufacturers made decision to shift production base or import materials from foreign. Similarly, private investment sector and employment
of international tourists. Private investment is prone to recover in the second half of 2017 especially in automobile equipment, consistent with significant growth of passenger car sales in Q3
Chinese. Meanwhile, level of domestic economic activities gradually increased, though not accelerating. Consumption and investment of private sector steadily expanded consistent with the improving consumer