26 February 2020 Subject : Management Discussion and Analysis for 2019 To : Director and the President, The stock Exchange of Thailand Yggdrazil Group Public Company Limited (“Company”) would like to

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Cost of service 300.99 78.03% 331.19 77.17% 271.60 76.36% 59.59 21.94 Expenses of sales 9.81 2.54% 12.69 2.96% 14.42 4.05% (1.73) (12.01) Expenses of management 49.30 12.78% 48.24 11.24% 32.56 9.15

73 1 / 5 (Translation) Pef. MD 033/2020 14th August 2020. Subj Management Discussion and Analysis (MD&A) Q2/2020 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary

share of BAFS held by the Company accounted for 9.5 percent. (May 2018) 11. The Company’s Board of Directors approved Share Repurchase Program for financial management purpose. The maximum amount of share

subsidiary companies are established to provide the following services in relation to real estate development: 1) Community management 2) Management of residential property for rent 3) Parking space management

Microsoft Word - UPF61MD&A-E.doc ( Translation ) 25th February 2019 Subject: Management Discussion and Analysis (MD&A) for the year ends on 31st December 2018 To: Managing Director of the Stock

(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

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

-TRANSLATION- 25 February 2019 Subject : Management Discussion and Analysis for 2018 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in