1,223.2 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 6/20 Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Dividend income

Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income

of the company has decreased in the amount of THB 124 million from THB 2,625 million to THB 2,501 million, which mainly resulted from the dividend payment 9M 2018 in the amount of THB 417 million The

dividend payment from the 2017 performance in the amount of Baht 778.0 million or at Baht 0.2034 per share paid on 21 May 2018.  In 2Q2018, TRIS Rating assigned the company rating and senior unsecured

interim dividend payment. Return on assets was 14.8%, slightly decreasing from previous quarter. The Company still focuses on managing assets to increase the asset utilization efficiency. Return on equity

Company had a total revenue of THB 546.45 million, increasing THB 36.17 million, or 7.09% from the previous year, while dividend received from subsidiaries increased from THB 27.71 million to THB 31.94

payment through trust receipt at Baht 25 million and dividend payment to shareholders paid Baht 88 million while the Company had an increase of short-term loan through trust receipt at Baht 8 million while

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 September 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

baht or 29.44% caused by the company taking some savings deposits to invest in investments. Short-term in low-risk mutual funds to manage returns better than savings deposits and the dividend was paid to

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways