) (7.10) (1,001.88) 0.00 (1,001.88) Allowance for devaluation of inventories 39.95 0.00 4.20 0.00 44.15 44.15 Gross profit (loss) by segment 78.99 0.00 7.09 (2.20) 83.88 1.48 85.36 Segment income (%) 95.26

(948.15) 0.00 (948.15) Allowance for devaluation of inventories 2.55 0.00 0.00 0.00 2.55 2.55 Gross profit (loss) by segment 79.15 0.00 5.48 0.00 84.63 1.06 85.69 Segment income (%) 96.64 0.00 3.25 0.00

services (4,799.36) 0.00 (128.82) (17.44) (4,945.62) 0.00 (4,945.62) Allowance for devaluation of inventories 4.00 0.00 40.00 0.00 44.00 44.00 Gross profit (loss) by segment 568.22 0.00 51.90 (7.66) 612.46

(1,319.00) 0.00 (1,319.00) 0.00 (1,319.00) Allowance for devaluation of inventories 0.00 0.00 0.00 0.00 Gross profit (loss) by segment 136.25 0.00 136.25 0.93 137.18 Segment income (%) 99.94 0.00 99.94 0.06

services (1,283.14) 0.00 (1,283.14) 0.00 (1,283.14) Allowance for devaluation of inventories 0.00 0.00 0.00 0.00 Gross profit (loss) by segment 121.16 0.00 121.16 1.40 122.56 Segment income (%) 99.90 0.00

re-opening the telecom shops in malls. Meanwhile, price competition remained fluid as operators continued offering low-end unlimited data plans in prepaid segment. Despite these challenges, we

as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2017 Page 3/22 Certified Companies of Thailand's Private Sector

Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2017 Page 3/22 Certified Companies of Thailand's Private Sector Collective Action Coalition

: Certified Companies of Thailand's Private Sector Collective Action Coalition Against Corruption LH Financial Group Public Company Limited, Land and Houses Bank Public Company Limited and Land and Houses Fund

securities (Whitewash) from the Securities and Exchange Commission, and the investment partner process will be completed in July 2017. Certified Companies of Thailand's Private Sector Collective Action