(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER ENDED 30

expanding capacity in tap water concession. - Other non-current assets were 390.41 million Baht, increased by 39.50 million Baht from advance payment of the investment project. 2) Liabilities At the end of

accounts receivable of Baht 9 million, increase in other current assets and other non-current assets of Baht 1.31 million and there were payment of accrued corporate income tax for year 2017 of Baht 35.31

in inventory of Baht 112.38 million, increase in other current assets and other non- current assets of Baht 0.91 million and payment of accrued corporate income tax for year 2017 of Baht 35.31 million

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73

by SREIT, the Company’s wholly owned subsidiary and REIT manager of SPRIME. Net proceed was recorded as unearned revenue in the Company’s consolidated financial statement and would be recognized as

in OOH media, payment system and CRM royalty programme business in Indonesia. November • Received the approval to renovate street furniture media on BTS columns by the Bangkok Metropolitan

dividend payment shall still be made twice a year and is based on consolidated earnings and subjected to the availabil ity of retained earnings on the separate financial statements . In all cases, dividend

subsidiaries as details below: (Unit: Baht millions) For the year ended 31st March Consolidated financial statement Apr 2019 - Mar 2020 Apr 2018 - Mar 2019 Change % Change Revenue from sales & service 2,756.44

MDA_EN_1Q20 Management Discussion and Analysis For the 1 st Quarter 2020 ended May 31, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated