Evaluation of Corporate Governance Thai Institute of Directors Association (IOD) disclosed the 2018 Corporate Governance evaluation result of Thai Listed Companies, LH Financial Group Public Company Limited

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

Regulators Group (AARG) ครั้งที่ 6 วันที่ 26 สิงหาคม 2559 ณ ประเทศสิงคโปร์Accounting and Corporate Regulatory Authority (ACRA) เป็นเจ้าภาพในการจัดการประชุมครั้งนี้ โดยมีผู้เข้าร่วมประชุมกว่า 100 ราย ประกอบด้วย

3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development and Corporate Governance 7 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of

. Assets 5. Legal disputes 6. General information and other material facts Part 2: Management and Corporate Governance 7. Securities and shareholders 8. Organizational structure 9. Corporate governance 10

, holding the largest market share in new business premiums. All of the above endeavors and satisfactory operating performance, together with sound corporate governance, allowed KBank and K Companies to meet

Net securities business income 378.53 382.36 Operating expenses (361.03) (349.47) Corporate income tax (2.90) (10.79) Net income 14.60 22.10 - Share of loss from the operating results of Scentimental

405.94 Selling and Administrative expenses (79.68) (116.83) Share of Gain/(Loss) from equity method (4.39) 12.86 Finance cost (18.06) (0.02) Profit/(Loss) before tax 96.38 301.95 Corporate Income Tax 0.39

price and time. Discussion and Analysis of the Company and its subsidiaries Operational Results in 2018 and 2017 Corporate Revenue In 2018 the Company and its subsidiaries’ total earnings amounted to 880

the year 2018 and 2017 as follows:- Unit : Million Baht For the year 2018 2017 Net securities business income 1,335.88 1,491.77 Operating expenses (1,396.22) (1,381.42) Corporate income tax – income