in line with the decreased revenue at a similar rate. -3- Administrative expenses Administrative expenses in Q1–2023 decreased from Q4–2022 in the amount of46. 6 MB, or a decrease by 32.5%. This is

3,333.5 3,431.5 98.0 2.9% Inventories 1,059.0 1,152.2 93.2 8.8% Restricted deposits at financial institutions 445.0 483.5 38.5 8.7% Investment property (net) 123.8 123.8 - - Property, plant and equipment

Houses Bank Public Company Limited is assigned the company rating of “A-” (Single A Minus), affirms the rating of LH BANK’s hybrid Tier 2 capital securities at “BBB” and the results also affirmed the

the Year Ended December 31, 2018 Page 1 (Translation) 1. Significant Events of the Year 2018 1.1 The Repurchase of Existing Notes and the Issuance and Offering of Newly-Issued Notes On March 27, 2018

issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation & Amortization, EBIT = Earnings before Interest & Tax, NP

)* 2.02 1.90 0.12 6.32 Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury stock The Corporate Group’s total assets as at September 30, 2017

Conversion Plan of the Company of which a plan for allocation and offering of the newly issued ordinary shares of the Company according to the Debt to Equity Conversion Scheme, was a part thereof. This would

. “liquid assets” means the following assets without binding obligation: (a) cash and bank deposit; (b) a certificate of cash deposit or promissory note issued by a commercial bank, bank established under

issued shares; (2) a company relating to the intermediary by having control between each other; (3) a company and the intermediary have mutual control by any person. “ control ” means control as determined

issued shares; (2) a company relating to the intermediary by having control between each other; (3) a company and the intermediary have mutual control by any person. “control” means control as determined