financial statements for the three-month period ended 31 March 2019 and 2020 Revenues Q1/20 Q1/19 Change +/(-) Revenue from hotel operations 232 367 (36.9) Revenue from property development operations 238 115

business, the number slows down as per usual with the decent direction of property rental. Existing clients remain unchanged. The company has a plan prepared since the end of 2019 as the real estate business

“Company” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the Nine months ended September 30

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction

(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE UNREVIEWED AND UNAUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE SECOND

for this situation as new promotions have already been added to the Q3’s marketing plan. For now, the company is slowing down other investments as they are waiting for the revenue figure of Q4/2019 to

Limited (“the Company”) would like to clarify on the change in the performance and the financial status over 20 percent for Q2/2019 ended June 30, 2019 of the Company and its subsidiaries as shown below

would like to clarify the change in operating results Quarter 3 Ending September 30, 2018 with details as follows: Unit : million baht Statement of financial position For three months until end of June 30

(THIS REPORT DISCUSSES THE PRINCIPAL CHANGES IN THE UNREVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THIRD QUARTER

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