. Continued elevated levels of household debt will likely contribute to a contraction in private consumption, while private investment is also expected to fall as the business sector delays investment in order

Company is 7,074 million THB i.e. 2,862 million THB in 2017, 4,010 million THB in 2018, 202 million THB in 2019 and 356 million THB of the subsidiary companies. Performance in Q2/2017 and 2016 Consolidated

company. After Revision -Translation- 2 Performance in Q3/2017 and 2016 Consolidated financial statements The net profit of the Company and subsidiary companies decreases 106.78 million THB or 34.50% i.e

2016 Consolidated Financial Statements The net profit of the Company and subsidiary companies decreased 1,113.91 million THB or 51.19% i.e. from 2,176.23 million THB to 1,062.32 million THB. It was

-1 - Translation - Ref. LPN/SorKor/217/2562 7th August 2019 Re: Consolidated Financial Statements Analysis Q2/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/SorKor/208/2561 9th August 2018 Re: Consolidated Financial Statements Analysis Q2/2018 Dear: President The Stock Exchange of Thailand L.P.N. Development

regulations which will take effect in 2020, especially the Thai Financial Reporting Standards (TFRS9), and capital requirements, as well as other additional measures intended to mitigate the household debt

“Company” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the Nine months ended September 30

recorded in 2018. หนา้ 10 4.2.2 Liabilities and Shareholder’s Equity Consolidated Unit: Baht million 2019 2019 Change (% yoy) Liabilities Debt issued and borrowing 75,687.52 57,709.28 31.15 Accrued interest

)% 53,878 52,953 1.7% Non-interest income 12,295 13,534 11,321 (9.2)% 8.6% 36,145 39,385 (8.2)% Operating expenses 12,679 14,108 12,878 (10.1)% (1.5)% 38,975 38,832 0.4% Impairment loss of loans and debt