(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED 31

growth from baht appreciation and world-trade sluggish. However, the Thai economy is attributed mainly by number of factors, namely 1.) growth in private consumption continues despite a lower rate of

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

sentiment. Meanwhile, exports and tourism expanded at a slower pace, partly due to the impact of the US trade policies and a drop in Chinese tourist arrivals. Headline inflation in the third quarter of 2018

(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

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing

growth, the inconclusive trade war between the US and China, and concerns on foreign investment as the general election held in March 2019 has yet to reach an outcome. Having considered the above-mentioned

actual implementation of various projects will likely start from 2019 onward. Nevertheless, downside risks to exports likely stem from international trade disputes, particularly between the US and China

คนืเงนิกูย้มืระยะยาวและสนิเชือ่เชา่ซือ้ Consolidated 2563 2562 อัตราสว่นสภาพคลอ่ง (เทา่) 0.69 0.64 อัตราสว่นหนีส้นิทีม่ภีาระ ดอกเบีย้จ่ายตอ่สว่นของ ผูถ้อืหุน้ (เทา่) 2.41 2.49 กระแสเงนิสด หนว่ย : ลา้นบาท

Liabilities Non-current liabilities Trade accounts and notes payable 58,641,555.19 99,225,939.93 77,839,679.33 Income tax payable 0.00 362,461.43 1,912,461.58 Other current Liabilities 5,656,429.40 0.00 0.00