Evaluation of Corporate Governance Thai Institute of Directors Association (IOD) disclosed the result of the 2017 Corporate Governance Report evalution of Thai Listed Companies, LH Financial Group Public

cost) (meaning total expenses from the standalone financial statements net loss on sales of investment, loss on sales of leasehold right and fuel expense) divided by ASK.

2017 increased 13.38 percent from year 2016, due to higher sale volume, higher raw material cost and expense from major overhaul in the beginning of year 2017. Comparing to 4th quarter, cost of goods

percent from the same period of last year affected by foreign exchange volatility during the Covid-19 pandemic in first quarter that lead to accumulated loss on exchange rate. 2. Cost of goods sold and

. Interest expense projects had been stopped for cost recognition when the first unit was transferred. Please be informed accordingly. Yours truly, (Mr. Surasak Mandaeng) Chief Financial Officer

% Total cost 7,693.4 6,897.6 795.8 11.5% Selling and administrative expense 2,104.9 1,876.7 228.2 12.2% Finance costs 40.0 -12.0 52.0 434.3% Share of profit from investment in associates 174.8 245.1 -70.3

of intangible asset from the acquisition of GLOW 2. From the second quarter of 2019, the company has changed the classification of operating income and cost of sales resultin g in the operating income

18 Revenue from sale of goods 2,672.4 2,623.2 49.1 1.9% Cost of Good sold 1,915.5 1,866.6 48.9 2.6% Selling and administrative expense 535.7 518.1 17.6 3.4% Finance costs -1.8 24.3 -26.1 -107.4% Share

(23.36) (15.60) Cost of Sales and Service 115.07 149.55 (34.48) (23.06) Administrative expenses 29.26 38.89 (9.63) (24.76) Total Revenue 130.93 157.50 (26.57) (16.87) Total Expense 155.46 206.65 (51.19

project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In Quarter 3 of 2020 , cost of