Financial Group Public Company Limited’s shareholding structure is as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the year ended 31 December 2019 Page 3/22

sales of securities and gains on trading and foreign exchange transactions. Other operating expenses rose Baht 824 million, or 5.20 percent, over the same period of previous year. Major financial ratios

higher than the last year quarter of THB 165 million due to the strengthen in THB as compared to US dollar. There would be the material change in Q3 for the Balance Sheet structure of which expecting to

Trading Pte. Ltd. (“Cargill”)) and acquired the aforesaid debts in the amount totaling to USD 226,331,648 or equivalent to THB 7,810,529,136.75 (consisting of principal of USD 127,885,456 or equivalent to

service and LPG/CNG relevant equipment trading Paid-up Capital 50 Mil.Baht TAKUNI holds 99.99% Takuni Land Company Limited Property Development Paid-up Capital 1 Mil.Baht TAKUNI holds 99.99% CAZ (Thailand

Public Company Limited  Land and Houses Fund Management Company Limited  Land and Houses Securities Public Company Limited  Land and Houses Advisory Company Limited Shareholding structure of LH

, market, liquidity, operational, digital and strategic risks. KBank’s risk management structure clearly determines duties and responsibilities of relevant units, including an independent risk management

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition, regulatory changes, and technological advancements which affected consumer behavior. KASIKORNBANK has e...

E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles. Nonetheless, the business sector remained challenged by new modes of competition, the broade...