from 1 January 2016 onwards until reaching 2.50% in 2019. Land and Houses Fund Management Company Limited Land and Houses Fund Management Company Limited runs a business to manage mutual fund, property

estate investment trust declined, meanwhile mixed fund and fund of property fund increased in size. Analysis of the Operating Results The operating results of Land and Houses Fund Management Company

estate investment trust declined, meanwhile mixed fund and fund of property fund increased in size. Analysis of the Operating Results The operating results of Land and Houses Fund Management Company

decrease by Baht (20.13) million Investment in associate decrease by Baht (5.42) million Investment property increase by Baht 97.89 million Property, plant and equipment increase by Baht 548.52 million Cost

Limited is a non-operating holding company and a parent company of the financial business group consisting of the following companies:  LH Financial Group Public Company Limited  Land and Houses Bank

 Land and Houses Bank Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory Company Limited The LH

 Land and Houses Bank Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory Company Limited The LH

of the land are fair, reasonable and lower than the prices appraised by the independent appraiser, which are comparable to the market prices of immovable property in nearby areas. 9. Opinion of the

Profit 41,954 32,219 9,735 30.22 Gross profit margin (%) 54.98 55.78 (0.80) (1.44) Golf Services & Property Management Revenue 40,531 30,147 10,384 34.44 Gross Profit 17,223 14,118 3,105 21.99 Gross profit

Details N Hospital Co.,Ltd owns 10-2-99.6 rai of land and 21,887 square meters of buildings, 60 beds (The name of the hospital is pending consideration) hospital, located in San Sai district, Chiang Mai