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Company Profile

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<p>LH Financial Group Public Company Limited is a non-operating holding company, established under the Bank of Thailand’s notification requiring that all financial institutions have to restructure the shareholding structure of its group to be in line with the guideline on consolidated supervision.</p>
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<p>LH Financial Group Public Company Limited was established on 22 April 2009 with the initial registered capital of Baht 100,000. The core objective is to act as the holding company of the financial business group. As a non-operating holding company, the company holds the shares in other companies for the purpose of their management control.</p>
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<p>On 19 June 2009, the company submitted the application for permission to establish the financial business group to the Bank of Thailand. On 28 October 2009, the Bank of Thailand approved the company and Land and Houses Bank Public Company Limited to set up the financial business group. The holding company is acting as the parent company of the financial business group and the bank is the subsidiary under the solo consolidation basis, and Land and Houses Fund Management Company Limited is the subsidiary of the non-solo consolidation basis. Moreover, the company has to operate its business under the supervision of the Bank of Thailand governed by the Financial Institution Business Act B.E. 2551.</p>
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<p>On 10 June 2009, the company restructured its shareholding structure according to the financial business group’s establishment plan approved by the Bank of Thailand. On 27 November 2009, the Securities and Exchange Commission approved the company to offer the new securities and the warrants according to the shareholding restructuring plan. On 1 December 2009, the company issued and offered the new ordinary shares to the existing shareholders of Land and Houses Bank Public Company Limited by exchanging with the existing ordinary shares of Land and Houses Bank Public Company Limited at the ratio of 1:1. Later, on 9 December 2009, the company registered the capital increase to exchange with the ordinary shares of the bank as paid-up shares with the Ministry of Commerce. After restructuring, the existing shareholders of Land and Houses Bank Public Company became the shareholders of the company and the company held 99.99% of the paid-up capital in Land and Houses Bank Public Company Limited.</p>
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<p>On 10 May 2011, the Stock Exchange of Thailand received the company’s ordinary shares as the listed securities and started its first trading day under the LHBANK symbol. And on 24 April 2018, the company changed the securities symbol to LHFG.</p>
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<p>On 22 January 2014, the company purchased a 99.80% of the paid-up capital of CIMB Securities International (Thailand) Public Company Limited and also purchased a 99.99% of the paid-up capital of CIMB Advisory (Thailand) Company Limited via CIMB Securities International (Thailand) Public Company Limited. Furthermore, on 15 January 2014, the Bank of Thailand allowed both of the mentioned companies to be included in the financial business group. The objective of the acquisition of stocks of the two entities was to expand the financial business of LH Financial Group Public Company Limited financial business group into the areas of securities business and financial advisory. Afterwards, the two companies have been renamed as Land and Houses Securities Public Company Limited and Land and Houses Advisory Company Limited respectively.</p>
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<p>For restructuring <a href=https://www.lhfg.co.th/en/shareholding-structure target=_blank rel=noopener>LH Financial Group Public Company Limited financial business group</a>, on 1 March 2016, LH Financial Group Public Company Limited acquired 2,999,995 ordinary shares, accounting for 99.99% of the paid-up capital of Land and Houses Fund Management Company Limited from Land and Houses Bank Public Company Limited.</p>
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<p>On 29 March 2016, the company signed the MOU in relation to share subscription agreement with CTBC Bank Company Limited (CTBC Bank) to be a strategic partner. The company agreed to issue 7,544,961,342 new ordinary shares or 35.617% of paid-up capital to be allotted to CTBC Bank under the private placement scheme at Baht 2.20 per share, totaling Baht 16,598.9 million. And on 27 July 2017, the transaction process was complete. As a result, CTBC Bank holds 35.617% of the paid-up capital which is equal to the combined portion of the shares held by Land and Houses Public Company Limited and Quality Houses Public Company Limited which are 21.879% and 13.738% respectively.</p>
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<p>On 8 September 2021, <a href=https://www.lhfg.co.th/en/ctbc-bank target=_blank rel=noopener>CTBC Bank</a> acquired LHFG shares from Ms. Piangjai Harnpanij and Mr. Pairoj Paisarnsrisomsuk, in aggregate of 10.99% of the paid-up capital, consequently CTBC holds LHFG shares in aggregate of 46.61% of the paid-up capital.
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<h3 class="txt-head font-h-bold">Vision</h3>
<p class=txt-title>To be a <br class=show-xs><span style=color:#c0b300>financial group</span><br>with quality growth                </div>
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<h3 class="txt-head-box font-h-bold">Mission</h3>
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<div class="txt-title font-h-bold">Aim to be</div>
<div class=txt-desc>a financial group with stable and sustainable growth</div>
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<div class="txt-title font-h-bold">To be professional</div>
<div class=txt-desc>in providing financial services through innovations, innovative products and services which address <br class=hide-xs>all customer needs</div>
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<div class="txt-title font-h-bold">To support</div>
<div class=txt-desc>human resources management <br>for both knowledge and benefits of employees</div>
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<div class="txt-title font-h-bold">Conduct business</div>
<div class=txt-desc>with good governance principles, taking into account the best interests of societies, all stakeholders and shareholders</div>
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<h3 class="txt-title font-h-bold" style=text-align:center>LH Financial Group Public Company Limited</h3>
<p class=txt-des>        is a non-operating holding company and a parent company of the financial business group. Therefore, business operations of the company can be categorized by the business of its subsidiaries which provide various forms of financial services to satisfy financial needs of customers comprehensively as follows:
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<div class=txt-des><strong>Investments :</strong> <br class=show-xs>LH Financial Group Public Company Limited</div>
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<div class=txt-des><strong>Commercial Banking :</strong> <br class=show-xs><a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a></div>
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<div class=txt-des><strong>Fund Management :</strong> <br class=show-xs>Land and Houses Fund Management Company Limited</div>
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<div class=txt-des><strong>Securities :</strong> <br class=show-xs>Land and Houses Securities Public Company Limited</div>
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<div class=txt-des><strong>Financial Advisory :</strong> <br class=show-xs>Land and Houses Advisory Company Limited</div>
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                    <div class="txt-name font-h-bold">Dr. Vorapol Socatiyanurak</div>
                    <div class=txt-rank>Chairman</div>
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<div style=text-align:justify>        In 2022, the Thai economy showed the signs of improvement with a myriad of supporting factors, especially a recovery in private consumption and tourism sector as the COVID-19 pandemic eased and the international travel restrictions were relaxed, resulting in a rising number of foreign tourist arrivals.<br><br></div>
<div style=text-align:justify>        The trends for 2023, Thai economy will continue its recovery path, buoyed by a continued recovery in the tourism sector, sound expansion in private consumption and increasing private investment, mainly in machinery and construction. Meanwhile, the export sector is expected to grow at a slower pace in accordance with a slowdown in demand from the major partner countries. However, there are other downside risks to Thailand's economic recovery that must be monitored, such as concerns about the recovery of household income and vulnerable business sectors; tightening monetary policy in major countries, particularly the United States and the European Union; and geopolitical risks stemming primarily from the ongoing conflict between Russia and Ukraine that may cause food and energy insecurity and global supply chain shortages.</div>
<div style=text-align:justify><br>        In 2022, the financial business group, LH Financial Group Public Company Limited had an outstanding performance with profit growth of 14% yoy, while asset also grew at the same rate mainly from 21% loan growth, reflecting financial stability and continued expansion. The company received multiple awards reflecting its well-balanced business operations and continuous commitment to a better society. Awards and recognitions are as follows:</div>
<div style=text-align:justify><strong>- Quality Assessment of the Annual General Meeting of Shareholders </strong>Having been graded a full score of 100 points in the quality assessment for the 2022 Annual General Meeting of Shareholders for the 10<sup style=font-weight:inherit>th</sup><span style=font-size:inherit;font-weight:inherit> consecutive year by the Thai Investors Association, the company won the </span><strong style=font-size:inherit>Investors’ Choice Awards</strong><span style=font-size:inherit;font-weight:inherit>.<br></span><strong>- Good Corporate Governance of Listed Companies 2022 </strong>The company received the “excellent” score of 95 with 5 Stars for the 8<sup style=font-weight:inherit>th</sup><span style=font-size:inherit;font-weight:inherit> consecutive year from the Corporate Governance Survey Report of Thai Listed Companies 2022 by Thai Institute of Directors.</span><br><strong>- Sustainability Disclosure Recognition </strong>Hosted by Thaipat Institute, the Sustainability Disclosure Recognition 2022 award is based on the information disclosure on environmental, social and governance (ESG) to public and stakeholders.<br><strong>- Carbon Neutral Certificate </strong>The company received the Carbon Neutral Certificate after offsetting corporate carbon footprint of 2,155 tons of carbon dioxide equivalent.<br><strong>- Certificate of Carbon Footprint for Organization<br><br></strong></div>
<div style=text-align:justify>        <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> has a vision to be a bank that delivers great experiences to customers beyond their expectations through innovations, products, services and advisory with quality. In 2023, key strategies of the bank are to grow high yield portfolio with balanced risk management, expand customer bases, cross sell products of the financial business group, enhance digital capabilities, digital transformation and effective work processes by applying technologies and data analytics. The bank places    the importance on sustainable banking by focusing on sustainable growth by conducting business with the accountabilities on environmental, society and governance together with good corporate governance principles. Moreover, the bank also provides continued assistance to customers affected by COVID-19 pandemic so that they can continue their businesses, which will result in better economy for the country.</div>
<div style=text-align:justify><br>        Land and Houses Fund Management Company Limited. has developed investment system for provident fund members according to their life path, online account opening to facilitate private fund’s clients. In 2023, the world economic cycle may experience recession in some periods, especially in developed market while the emerging market may have a positive impact. It would be a good year to expand the fund services to institutional clients.<br><br></div>
<div style=text-align:justify>        Land and Houses Securities Public Company Limited is moving forwards according to its strategic plan by focusing on digital capability enhancement, adding more service channel via digital platform to facilitate and secure client’s investments, product varieties and customer base, and exploring new business opportunities among corporate customers based on financial expertise combined with the strengths of the financial business group, LH Financial Group Public Company Limited.<br><br></div>
<div style=text-align:justify>        <a href=https://www.lhfg.co.th/en/committees-and-management/board-of-directors target=_blank rel=noopener>The Board of Directors</a> gives the top priority to good corporate governance and transparent management, and encourages the company to adhere to the compliance guidelines on market conduct and <a href=https://www.lhfg.co.th/en/personal-data-protection target=_blank rel=noopener>Personal Data Protection Act (PDPA)</a>. The company would like to thank our valued customers, shareholders and all stakeholders, employees, public and private financial institutions and government agencies for their trust and continued support that they have placed in the financial business group, LH Financial Group Public Company Limited.</div>                    </div>
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