160.83 million or 3.90% down from 1Q2017 mainly from lower revenue of chicken processing business which decreased by THB 218.75 million or 11.85% down comparing to 1Q2017 mainly from lower revenue from

supervision of securities business in the category of management of other persons’ funds, whether it be the mutual fund or private fund management, has the common objective to protect and maintain the best

securities business in the category of management of other persons’ funds, whether it be the mutual fund or private fund management, has the common objective to protect and maintain the best interest of

business in the category of management of other persons’ funds, whether it be the mutual fund or private fund management, has the common objective to protect and maintain the best interest of investors based

of the Company, enabling the Company for partial debt repayment to the debenture creditor and enable to continuously business operation. Thus, the Company has the outstanding debts with the debenture

MARCH 2021 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter Ended 31 March 2021 Page 2/19 Overview of Business Operation LH Financial Group Public Company

% Total Revenue 293.33 305.19 -11.86 -3.89% 288.96 302.33 - 13.36 -4.42% Sharing of gain (loss) from investment value of the associate and joint venture 3.54 -0.53 4.07 N.A. In the furniture business, the

320.85 Million Baht or 180.58 percent in comparison with the same quarter of 2019. The higher revenue was attributed from subsidiary company called Advance Prefab Company Limited. The main business of the

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS HIGHLIGHTS – 2Q 2020/21 MACO’s performance was

QUARTER ENDED 30 JUNE 2017 LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2017 Page 2/22 Overview of Business Operation LH Financial Group