(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED AND AUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE SECOND

Director The Stock Exchange of Thailand Reference: 1. Information Memorandum on the Issuance and Offering of the Newly Issued Shares through Private Placement (PP) of Safari World Public Company Limited 2

(Enclosure 4) 1 (-Translation-) Information Memorandum on the Connected Transaction and Asset Acquisition of Master Ad Public Company Limited pursuant to Schedule 2 of the Notification of the Board

/2017 on December 12, 2017. The meeting unanimously approved significant matters as follows: 1. Approved the reduction of the Company’s registered capital by Baht 212.00 from the existing registered

(the “Company”) held the Board of Directors’ Meeting No. 6/2017 on December 12, 2017. The meeting unanimously approved significant matters as follows: 1. Approved the reduction of the Company’s

Public Company Limited (the “Company”) held the Board of Directors’ Meeting No. 6/2017 on December 12, 2017. The meeting unanimously approved significant matters as follows: 1. Approved the reduction of

Property Funds. “paid up capital” means the total amount of fully paid units. “related person” means a related person pursuant to the Notification of the Capital Market Supervisory Board concerning Rules on

financial advisor on the approved list of the SEC Office. “bondholders’ representative” means a bondholder’s representative whose name appears on the list of the persons who are qualified as bondholders

DCORP 011/2019 February 27, 2019 Subject: Report on the overall operation of the year 2018 ended December 31, 2018 and the decrease in the overall operation more than 20 percent Attention: President Stock

(the “Share Acquisition Transaction”). The Company will acquire shares equivalent to 37.5 percent, and has expended THB 324,999,779.28 in negotiation process in acquiring such shares.In carrying on TMX