juristic offenders in eight cases and the total remittance of more than 50 million baht as public revenue.  Mr. Somchai Pongpattanasin, SEC Assistant Secretary?General in charge of the Enforcement Division

M PHP M THB M PHP M THB Revenue 192 M 134 M 707 M 492 M 6,594 M 4,588 M 1,815 M 1,263 M 5,099 M 3,548 M 5,407 M 3,762 M Gross Profit 58 M 40 M 188 M 131 M 209 M 145 M 206 M 143 M 213 M 148 M 330 M 229

May 12, 2020 Re : Management Discussion and Analysis for Q1/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

Revenue from sale of real estate 2,765,321 2,647,552 117,769 4.45 Gross Profit : Reals estate 904,529 896,131 8,399 0.94 Gross profit margin (%) 32.71 33.85 (1.14) (3.36) Rental and other services Revenue

presenters and should not be treated as those of the SEC Thailand. • These slides are not to be posted (on any websites or public domains), cited, copied or circulated. 2 Revenue recognition 3 Revenue

again after the slowdown in 2016. Moreover, the Company has been more capable in participating new major projects which are in correspondence to the stimulus policy from the government side. Sales revenue

and increasing funding sources for those who intend to raise fund from onshore lands legally designated for reforestation or afforestation such as farmers and communities capable of converting such

Company’s operating performance in 2017 and 2016 is shown in the following table: FY2017 FY2016 % Change FY2015 % Change [Amount in Baht Million] Y-o-Y Y-o-Y [2017 VS. 2016] [2016 VS. 2015] Sales Revenue

stories reflecting high growth potential of the industries.At present, lots of potential and capable digital content providers in Thailand lack adequate funding or need professional managers to help

] FX: THB/USD 32.0754 33.7691 35.018 Sales Revenue 13,982.5 14,195.4 -1.5% 13,797.5 +2.9% [ Sales Revenue, USD $435.9 $420.4 +3.7% $394.0 +6.7% ] Cost of Sales 10,351.4 9,933.1 8,985.0 Gross margin