(THIS REPORT DISCUSSES PRINCIPAL CHANGES TO THE UNREVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER ENDED

1,386 million, or earning per shares of THB 1.01. The company and its subsidiaries performance improved, especially the Refinery Business Group which still maintains its average crude run at a high level

Enclosure 3 1 INFORMATION MEMORANDUM ON THE CONNECTED TRANSACTIONS OF G STEEL PUBLIC COMPANY LIMITED July 14, 2017 After the SSG group, led by SSG Capital Holdings Limited (“SSG CH”) expressed its

has work experience with ArcelorMittal engaging in the steel industry at the international level (Sudhir has over 27 years (1989 and 2015) of work experience with ArcelorMittal as Group Management Board

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2018, East Water Group had total consolidated sales and services income of 1,045.39 million Baht, decreased by 117.85 million Baht or 10.13% compared to

derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project officially opening on 1 September 2019. 9M19 Net profit at THB 702m, or 33% decline YoY

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2019, East Water Group had total consolidated sales and services income of 1,164.83 million Baht, increased by 119.44 million Baht or 11.43% compared to

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 9 months ended September 2018, East Water Group had total consolidated sales and services income of 3,170.91 million Baht, decreased by 97.23 million

period 5,126.4 9.66 4,928.8 10.01 197.6 4.01 5,516.3 11.77 (389.9) (7.07) Breakdown of sales revenues by business group Product Group 2018 2017 2016 revenue % revenue % revenue % Power Electronics Group

(1,516.7) (98.78) Net profit for the period 2,951.7 5.77 5,126.4 9.66 (2,174.8) (42.42) 4,928.8 10.01 (1,977.2) (40.11) Breakdown of sales revenues by business group Product Group 2019 2018 2017 revenue