exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts, insurance claim and gain from business acquisition. Change QoQ Consolidated financial statements Change YoY 2

financial flexibility to lead, compete, and pursue growth prospect in any changing circumstances. The dividend payment shall still be made twice a year and is based on consolidated earnings and subjected to

that we have the financial flexibility to lead, compete, and pursue growth prospects in any changing circumstances. The dividend payment shall still be made twice a year and is based on consolidated

consolidated financials due to holding segment 230 212 389 185 350 328 348 445 724 775 1,004 1,441 11% 12% 13% 11% 12% 14% -10% -5% 0% 5% 10% 15% - 500 1,000 1,500 2,000 2,500 3,000 2559 2560 2561 2562 2564 Asia

14th March 2019 (the first day that GPSC has recognize GLOW’s performance in the consolidated financial statement) to reflects the company's true earnings from its normal operations. In Q4/2019, such

, 2018, primarily due to an increase in performance- based bonus payments to employees in accordance bonus policy, record of increased employee expenses in accordance with the Notification of State

for the health of customers. Regarding the business operation and progress tracking of the Company, the Company shall conduct in accordance with the laws, regulation and relevant notification of the

. 5. General Characteristics of the Transaction Transaction Type: Acquisition or Disposal of Assets of Category 2 as classified following the Notification of the Stock Exchange of Thailand Consideration

or 16.5 percent in net investments (including net investments in associates). Capital Reserves and Capital Adequacy Ratio Consolidated Million Baht Item Capital Capital Adequacy Ratio March 2018

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