operation in 2018 and over the next five years in order to deliver an excellent customer experience. Meanwhile, we have upgraded our technological capability in order to act as a digital platform provider for

31 MARCH 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 2/22 Overview of Business Operation LH Financial Group Public

, CentralPlaza Rayong, CentralPlaza Khonkaen and CentralPlaza Phitsanulok. Revenue from hotel operations The Company adopted a new hotel revenue and cost recognition from 2019 onwards in which net revenue from

that the proceeds shall be used to support major expenses relating to sponsorships, marketing and operations to be incurred by ICUK; and (b) Primary shares made pursuant to the conversion of loans that

or approximately THB 846.7 million so that the proceeds shall be used to support major expenses relating to sponsorships, marketing and operations to be incurred by ICUK; and (b) Primary shares made

MARCH 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 2/20 Overview of Business Operation LH Financial Group Public Company

MARCH 2021 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter Ended 31 March 2021 Page 2/19 Overview of Business Operation LH Financial Group Public Company

Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk Management 7 2.3 Liquidity Risk Management 8 2.4 Digital Risk 8 3

SEC Office to suspend functioning as appraisal company in capital market or being under the period of time that the SEC Office could refuse to accept the application. Clause 11 A person would obtain an

total interests expenses together with the tax privileges from the exemption of income tax granted by the Government that helped save more corporate income tax. 1. Analysis of Business Operations (1