(THIS REPORT DISCUSSES PRINCIPAL CHANGES TO THE UNREVIWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED 31

14 March 2019. Consequently, the company has consolidated GLOW’s operating results for 18 days after the acquisition into the consolidated financial statements of the company. For the preparation of

Company’s consolidated financial statement ended 31 December 2018. However, the Board of Directors has considered that the investment cost is a part of the same project that has been ratified by shareholders

Transfer Plan between the Company and a new incorporated limited company, SUT Holding Company Limited (“SUTGH”), which shall be incorporated within 30 April 2018. SUTGH shall have three shareholders, which

between the Company and a new incorporated limited company, SUT Holding Company Limited (“SUTGH”), which shall be incorporated within 30 April 2018. SUTGH shall have three shareholders, which are

674,235,360 or approximately 34% of the net profit of consolidated financial statements, which will be paid from the unappropriated retained earnings with 30% corporate income tax, wherein individual

14th March 2019 (the first day that GPSC has recognize GLOW’s performance in the consolidated financial statement) to reflects the company's true earnings from its normal operations. In Q4/2019, such

securities of Baht 117,676 million, private enterprise debt securities of Baht 66,270 million, and net investment in equity securities of Baht 101,199 million. Million Baht Investments by Investment Holding

Holding March 2018 December 2017 March 2017 Change (%) December 2017 March 2017 Trading securities 17,880 15,113 22,180 18.3% (19.4)% Available-for-sale securities 463,842 533,651 452,056 (13.1)% 2.6% Held

(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE AUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED 31 DECEMBER