rating at “BBB+“ with “Positive” outlook by TRIS Rating. Land and Houses Bank Public Company Limited is assigned the company rating of “A-” (Single A Minus), affirms the rating of LH BANK’s hybrid Tier 2

“Positive” outlook by TRIS Rating. Land and Houses Bank Public Company Limited is assigned the company rating of “A-” (Single A Minus), affirms the rating of LH BANK’s hybrid Tier 2 capital securities at “BBB

“BBB+” with “Stable” the rating outlook by TRIS Rating. Land and Houses Bank Public Company Limited was assigned the credit rating at “A-” (Single A Minus), “Stable” the rating outlook and affirms the

Minus), “Stable” outlook and affirms the rating of LH BANK’s Basel III Tier 2 capital securities at “BBB” (Triple B Straight) by TRIS Rating. LH Financial Group Public Company Limited Management

rating of “A-” (Single A Minus) with “Stable” outlook , and the rating of LH Bank’s Basel III Tier 2 capital securities is “BBB” (Triple B Straight). Branch Network As of the third quarter of 2020, Land

“BBB+” with “Stable” the rating outlook by TRIS Rating. Land and Houses Bank Public Company Limited was assigned the credit rating at “A-” (Single A Minus), “Stable” the rating outlook and affirms the

earnings 24,675 8.7% 22,098 7.7% 2027 9,000 - - - Others 25,752 9.1% 25,938 9.0% Total Equity 50,427 18% 48,036 17% Credit Rating Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Negative

year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year

106.2 Mn respectively, a decrease of THB 34.0 Mn or 24.2% and the net profit margin decreased from 4.7% to 3.4%. The main reason was the negative same store sales growth. However, excluding the 1-time

company loss on operating and negative equity. Then, the Company had tested impairment of investment in subsidiary by assessed the recoverable amount of cash generating units by Value-in-use method and