expenses from services was not in line with budget. The Company recorded an impairment of inventory Baht 25.42 million. (4) Gross profit The Company and its subsidiaries’ total gross profit were Baht 34.04

million or 36.70%. (3) Golf Course and Property Management Business Since the opening of the new club house in February 2018, the new club house increased the Company’ s competitive advantage in services of

shall come into force as from 16 January 2016. Clause 2 1 In this Notification: The terms, “management company”, “mutual fund management company”, “private fund management company”, “derivatives” and

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

(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

Bangkok, 21 February 2019 ? The SEC has announced key achievements of the past year highlighting establishment of sustainable market foundation, regulatory reform in line with the changing global

a 4-storey office building with total area of 4,446.72 sqm from Noble Development Public Company Limited (Noble) at total investment of THB 800,000,000. MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14

ที่บชง Page 1 of 4 Ref. Bor Chor Ngor 0154 /2018 10 May 2018 Subject: Management Discussion and Analysis for the First Quarter ended 31 March 2018 To President The Stock Exchange of Thailand Quality

(increased by 0.5 percent from Q3/2019) due to the marketing budget management in line with sales, and the growing international sales while the selling and marketing expenses in international markets were, on

Management Discussion & Analysis( - translation - ) For operating result of 1Q18,ending 31 March2018 Raimon Land Public Company Limited| 14May2018 1 / 5 Major Eventsin 1Q18 and April 2018 February