& amortization 8,556 9,052 9,572 12% 5.8% 24,960 27,471 10% (Gain) loss on disposals of PPE 12 15 (3.2) -127% -121% 22 40 82% Management benefit expense (41) (47) (30) -27% -36% (145) (112) -23% Other financial

, Mueang Samut Prakan District, Samut Prakarn Province, which can still be utilized and benefit to the Company. 10. Conditions for the entering into the transaction This entering into the transaction is

Transaction The Board of Directors has considered information and is of the view that the Transaction will benefit the Bank, and that the Transaction is reasonable and appropriate. 12. Approval of the

benefit expenses, fee and service expenses, interest expense and other expenses. LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page

. Total Expenses Total expenses were included employees’ benefit expenses, fees and service expenses, interest expenses and other expenses. In the first quarter of 2021, total expenses were Baht 70.9

ended 31 March 2020 2 | P a g e *Value may differ by one decimal point due to rounding Highlights 1/ One-time expenses in Q1/2019 were resulted from the employee retirement benefit (net after tax). 2

decrease was driven by the COVID-19 pandemic and an increase in employee benefit according to the new labour protection act effective in 2Q19. However, the Company had the positive impact on EBITDA of Baht

disposals of PPE 29 331 - NA NA - - Management benefit expense (35) (33) (40) 14% 23% (40) - Other financial cost 3 (0) (5) -254% 1772% (5) - EBITDA 18,868 19,366 19,576 3.8% 1.1% 22,777 3,201 EBITDA margin

& amortization 13,025 13,442 13,546 4.0% 0.8% 51,842 53,374 3.0% (Gain) loss on disposals of PPE 6 -7 26 349% n/m 30 26 -15% Management benefit expense -45 -37 -26 -42% -31% -168 -145 -13% Other financial cost -4

& amortization 13,546 13,222 13,118 -3.2 % -0.8 % 53,374 52,902 -0.9 % (Gain) loss on disposals of PPE 30 3 -8 -127 % -390 % 26 20 -23 % Management benefit expense -26 -36 -29 13 % -19 % -145 -133 -8.4 % Other