(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE UNREVIEWED AND UNAUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD

(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER ENDED 30

Management Discussion and Analysis (MD&A) for 2019 Page 1/5 - Translation - J63/002 25 February 2020 Re: Management Discussion and Analysis (MD&A) for 2019 To: President The Stock Exchange of

Quarter3/2019 Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 3,224.7 79.9 3,153.6 86.9 ( 71.1 ) (2.2) Revenues from project management 433.7 10.7 358.4

TACC-003/2020 February 20, 2020 Subject: Management Discussion and Analysis for the year ended December 31, 2018 To: President The Stock Exchange of Thailand T.A.C. Consumer Public Company Limited

Page 1 Date 25 February 2020 Re: Management Discussion & Analysis for the Year Ended 31 December 20020 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN PUBLIC COMPANY

of the license to use the spectrum to provide Digital Television Services. The service users who had intended to return the license was required to inform in writing within 10 May 2019. The request for

registered and paid-up capital and Silom Road Limited will pay the price for the offered shares within October 31, 2018. Silom Road Limited is a company limited by shares, incorporated in the British Virgin

market by this investment. Also, the Company will have in general greater management participation in SGAH to give more support and necessary controls in the weak areas with the increase in the Company’s

utilization at around 90% with conversion costs matching the first quartile plants. Accordingly IVL management believes the acquisition of balance 26% stake now will help integrate the PTIP assets with other