Analysis Report of the Financial Positions and Result of Business Operations. (Revise) To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and

QUARTER ENDED 30 JUNE 2018 LH Financial Group Public Company Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2018 Page 2/19 Overview of Business Operation LH Financial Group

future cash flows, the terminal growth rate and discounted rate used in the assumptions are based on management of the subsidiary and indirect subsidiary’s judgment and past experience and business plan

AEONTS and its subsidiaries companies: Company Business Relationship with AEONTS AEON Financial Service Co., Ltd. (“AFS”) Finance -Major shareholder of AEONTS, holding 35.12% of AEONTS’ s shares AEON

”. Revenue Business categories For the 3-month period ended 30/9/18 % Change Inc. (Dec) For the 9-month period ended 30/9/18 % Change Inc. (Dec) 2018 2017 2018 2017 THB mm % THB mm % THB mm % THB mm % Sales 1

. For the growth of sale order, due to the expansion to non-automotive business in the past few years, bring us more sale order. 2. The cost of sales and services to sales ratio for the Group were 71.76

from 7.4% to 11.9%, which was mostly caused by strong contribution of Epicerol® business. Gross profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net profit margin = Net Profit to

from Chiang Mai Ram Medical Business Pcl., (CMR) amount Baht 997.04 million. comparing at the same period in 2017 representing 5.60% decreased due to Social Security Office reimbursement of 2015 amount

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Explanation and Analysis Report of the Financial Positions and Result of Business Operations To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and