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

2018 LH Financial Group Public Company Limited Management Discussion and Analysis for the year ended 31 December 2018 Page 2/21 Overview of Business Operation LH Financial Group Public Company Limited is

2019 LH Financial Group Public Company Limited Management Discussion and Analysis for the year ended 31 December 2019 Page 2/22 Overview of Business Operation LH Financial Group Public Company Limited is

:.....................................Baht per share Book Value:………………...Baht per share Price determination process and comparable financial statistics for determining offering price:  Explain the manner of determination of the offering

expenses Baht 497.34 million Baht 405.92 million Baht 91.42 million 22.52 1.7 Finance cost Baht 224.38 million Baht 196.43 million Baht 27.95 million 14.23 2. Operation performance for the year ended

operation, CCET purchased the custom-made calculators from Kinpo to support the Company’s manufacturing purpose. 2nd transaction Partners of Contract Seller: Kinpo International Ltd. (“Kinpo-Inter”) Buyer

operation, the same as those of previous year. The total sugar volume sale decreased from 202,451 tons (Q3- 2016) to 196,221 tons (Q3- 2017) (2) Oversea Sugar Business, in year 2017, the company exported raw

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of

54,750,000 cubic meters per year for phase 1A which has commenced operation since the first quarter of 2019. SDWTP is undergoing the phase 1B expansion of another 54,750,000 cubic meters per year, which is

2019, Mrs. Pakporn Lohavibulkij had offered the price 146,000,000 baht which was under the minimum price, but the Company needed the money using for the internal operation, furthermore, there were a lot