Quarter ended 30 September 2020 Page 3/19 Thailand's Private Sector Collective Action Coalition Against Corruption Certificate LH Financial Group Public Company Limited, Land and Houses Bank Public Company

contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has

shareholders structure is as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2019 Page 3/22 Thailand's Private Sector Collective

, public spending and tourism sector still expanded which resulted from low base in the previous year. (Source: BOT Press Release No.64/2019 on the Economic and Monetary Conditions for September and the

of THB 55.38 million, decreased by THB 16.73 million or -23.21% YoY, due to the decline in user spending through the solutions that the Company provided for clients in mobile operator sector. In

in mobile operator sector. In addition, gross profit from digital solutions was THB 9.90 million, increased by THB 10.46 million or +1862.07% YoY. The gross profit margin in 2Q2024 was 40.46

that the Company provided for clients in mobile operator sector. In addition, gross profit from digital so- lutions was THB 13.42 million, increased by THB 7.77 million or +137.65% YoY. The gross profit

% in 2Q19 compared to 12.9% in the same period in the previous year. Selling expense, such as freight costs and sales commissions, decreased compared to 2Q18 in line with lower sales. Administrative

the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of

administrative expense amounted to Bt322.1 million in 2Q20, or 15.13% of sales, a decrease from Bt415.5 million in the same period last year. Selling expense, such as freight costs and sales commissions, decreased