31 MARCH 2019 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2019 Page 2/19 Overview of Business Operation LH Financial Group Public

MARCH 2019 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2019 Page 2/19 Overview of Business Operation LH Financial Group Public Company

Board No. TorChor. 12/2554 Re: Rules, Condition and Procedures for the Acquisition of Securities for Business Takeovers (the “Notification on Securities Acquisition for Takeovers”). The Company and/or its

Thai restaurants in the UK in 4th quarter of 2017. In consideration with the total 526 branches of restaurant and bakery shop in both domestic and international business that company currently operate

competition in a restaurant business and a continuous economic slowdown in both counties. In 1Q18, the Company generated revenues from the food and bakery wholesales in the amount of THB 145 Million which

Income 407.35 471.24 (63.89) (13.56%) - LPG Trading 193.80 241.16 (47.36) (19.64%) 1 - Transportation 2.65 3.04 (0.39) (12.83%) 2 - Conversion Kit Installation 1.59 2.17 (0.58) (26.73%) - Construction

436.95 48.83 11.18% - LPG Trading 178.97 199.10 (20.13) (10.11%) 1 - Transportation 3.29 3.15 0.14 4.44% - Conversion Kit Installation 1.74 1.85 (0.11) (5.95%) - Construction 287.89 219.73 68.16 31.02% 2

(Decreased) Percentage Remark Sales and Services Income 485.79 436.95 48.83 11.18% - LPG Trading 178.97 199.10 (20.13) (10.11%) 1 - Transportation 3.29 3.15 0.14 4.44% - Conversion Kit Installation 1.74 1.85

of Intermediary to Handle Clients’ Complaints and participation in the SEC Office’s project to resolve disputes by arbitration. 4.3 Having a business plan and an operating system for establishing a

Law on Derivatives ; (17) derivatives business operator under the Law on Agricultural Futures Trading; (18) international financial institution; (19) Deposit Protection Agency; (20) Stock Exchange of