) Consolidated Financial Statements Increase (Decrease) Separate Financial Statements Increase (Decrease) 2019 2018 thousand % 2019 2018 thousand % Total revenues 1,648,292 1,610,968 37,324 2.3 1,606,649 1,529,168

ventures. 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 September 2018 31 December 2017 % Change Cash and cash equivalents 108 100 +7% Trade receivables 647 781 -17

its sales revenue is vigorously increased and the Company is able to generate higher gross margin in certain projects. 2 Financial Status 2.1 Assets At the end of 2016 and of Q3/2017, the Company

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in

liabilities under financial lease 1 0 27% Other current liabilities 53 38 37% Total current liabilities 4,299 3,707 16% Non-current liabilities Trade accounts payable Other payables and accrued expenses 189 232

383.52 million (or 20.23 percent of total assets) and Baht 542.31 million (or 25.60 percent of total assets) respectively. Trade receivables decreased in following to the lower sales. 2.1.3 Financial

equivalents 270.16 13.77% 211.33 9.98% Financial Assets (Short-term investment) 83.70 4.27% 107.03 5.05% Account receivable, trade and others 458.26 23.36% 542.31 25.60% Inventories 493.23 25.14% 588.75 27.79

(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

Ocean Commerce Public Company Limited ( Company) No. 1/2018 held on February 14, 2018 , has approved the financial statements and results of operations of the Company. For the year ended December 31, 2017