products altogether.Such behavioral information poses a big question for the SEC as to how best to supervise and develop the overall mutual fund business to ensure that products and services would truly

performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is

Enterprise businesses which rose on digitization demand from home and business customers. The mobile business leadership was sustained with AIS focusing on quality acquisition and profitable segments despite

the Company, the “Group”. Business categories by 12 mo. Ended 31 Dec. % Change 2018 2017 THB Mil % THB Mil. % Sales 1. Sales from dessert café Company 838.23 95.17 704.29 95.77 19.02 2. Catering/ OEM

1 Translation CEN 015-2019 November 14, 2019 Subject : Management Discussion and Analysis for business operation in Quarter 3-2019 To : The Manager and President The Stock Exchange of Thailand

-74.72% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change (%) Revenue from External

Finance cost 1.3 0.1 103.9 1.6 102.5 7,630.1 Profit before income tax expense 524.4 25.5 1,954.2 29.4 1,429.7 272.6 Income tax expenses 114.0 5.5 445.9 6.7 332.0 291.3 Profit for the period 410.5 20.0

13% y-y. In the third quarter of 2018, the Company’s revenues were 5,225 million baht, an increase of 548 million baht or 12%y-y. This is the result of an increase in core business revenues by 11% y-y

of the fiscal year of 2022, the Company has total sales (turnover) increase by 23.4% y-y, with the focus on credit card business, as a result of new product launching in accordance to the

MARCH 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 2/20 Overview of Business Operation LH Financial Group Public Company