FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 ORGANiZATiONAl STRuCTuRE 15 SEC GOvERNANCE 23 ECONOMiC ANd CApiTAl MARkET REviEw 31 SEC STRATEGiC plAN

, 2017, CTBC Bank Company Limited has entered into the shareholder of the company amount of 7,544,961,342 shares or 35.6169% of the paid-up capital. As a result the shareholders structure as follows

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

Revenue Structure ILM operates as a retailer of furniture and home furnishing products. The Company‘s sources of revenue can be divided into 4 main businesses as follows: Retail Stores 76.3% Projects 12.9

. 2/2018 held on February 27, 2018, the Board of Directors has considered additional facts and the study results of the changed cost structure. It was found that the continuation of the project on the

December 2019 was Baht 37,066.12 million which decreased by Baht 4,782.89 million, or equivalent to 11.43% from amount recorded in 2018. Such change on Capital Structure was due to - The profit from company

on the US economic and foreign trade policies, China’s economic structure reforms, as well as geopolitical risks that could undermine export recovery. For the banking sector in the second quarter of

regulatory risks in markets where the Company op- erates; dependence on availability, sourcing and cost of raw materials; ability to maintain cost structure and efficient operation of manufacturing facilities

growth in the period ahead still challenge with uncertainties on the US economic and foreign trade policies, China’s economic structure reforms, as well as geopolitical risks that could undermine export

and SingTel agrees to sell all of CSL’s shares in the VTO at the offer price of 7.80 bath per share (Collectively as “Asset Acquisition Transaction” or “Transaction”). The shareholding structure of the