decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles

have risen abruptly, especially the rapid evolution of digital technology, intensified effects of climate change, and regulatory changes in the financial business. To cope with these issues, most

gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1

sharing from four associates companies are as follows: First quarter (Unit: Million Baht) 2018 2017 Change Change (%) Home Product Center Plc. 248 208 40 19 LH Financial Group Plc.* 106 125 (19) (15

4 associate companies are as follows: (Unit: Million Baht) 2019 2018 Change Change (%) Home Product Center Plc. 1,232 1,115 117 10 LH Financial Group Plc. 442 427 15 4 Quality Houses Leasehold

2018 Change Change (%) Home Product Center Plc. 304 261 43 16 LH Financial Group Plc. 104 111 (7) (6) Quality Houses Leasehold Property Fund 49 43 6 14 Quality House Hotel and Residence Freehold and

Change Change (%) Home Product Center Plc. 247 282 (35) (12) LH Financial Group Plc. 132 111 21 19 Quality Houses Leasehold Property Fund 41 46 (5) (11) Quality House Hotel and Residence Freehold and

(%) 62.6% 58.7% (3.9%) EBITDA margin (%) 26.4% 31.5% 5.1% Net profit margin (%) 5.9% 6.6% 0.7% Number of branches as at March 31 39 39 0% Change +/(-)Q1/20 Q1/21 Operating highlight in Q1/2021 Revenue

- Translation - No. LMJG/SET/2020/013 May 18th, 2020 Subject: Clarification for the change of Operating Results more than 20% Attention: The President The Stock Exchange of Thailand Impact from the

significantly, even though, the revenue from take- away and home delivery considerably increased, it was not enough to offset the dine- in sales. Domestic revenue from sales and services of THB 816 million