Company Profile

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<p>LH Financial Group Public Company Limited is a holding company, established under the Bank of Thailand’s notification requiring that financial institutions have to restructure the shareholding structure of the group to be in line with the consolidated supervision guideline. The company was incorporated 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. <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> 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.</p>
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<p>On 27 November 2009, the Securities and Exchange Commission approved the company to offer the new securities and warrants according to the shareholding restructuring plan. On 1 December 2009, the company increased its capital by issuing the new ordinary shares to the existing shareholders of <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> by exchanging with the existing ordinary shares of <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> at the ratio of 1:1. Later, on 9 December 2009, the company registered the capital increase to exchange with the issued ordinary shares of the bank as paid-up shares with the Ministry of Commerce. After restructuring, the existing shareholders of <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> became the shareholders of the company and the company held 99.99% of the paid-up share capital in <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a>.</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 99.80% of the paid-up share capital of CIMB Securities International (Thailand) Public Company Limited and also purchased 99.99% of the paid-up share 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 companies to be included in the financial business group. The objective of the acquisition of stocks of the two entities is to expand the financial business of the financial business group into the area 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>On 1 March 2016, the company restructured the financial business group and acquired 2,999,995 ordinary shares, accounting for 99.99% of the paid-up share capital of Land and Houses Fund Management Company Limited from <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a>.</p>
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<p>On 27 July 2017, <a href=https://www.lhfg.co.th/en/ctbc-bank target=_blank rel=noopener>CTBC Bank</a> partnered with the company by acquiring 35.617% of its the paid-up share 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, 21.879% and 13.738% of the paid-up share capital, 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 more shares from minority shareholders in aggregate of 10.99% of the paid-up share capital. As a result, CTBC holds 46.61% of the paid-up share capital.
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<h3 class="txt-head font-h-bold">Vision</h3>
<p class=txt-title>To be a highly respected <br><span style=color:#c0b300>financial group,</span><br>renowned for delivering exceptional financial solutions and setting industry benchmarks for excellence                </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">To achieve stable and sustainable growth</div>
<div class=txt-desc>by providing innovative and professional financial services tailored to our target customers’ needs</div>
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<div class="txt-title font-h-bold">To cultivate a high-performance culture</div>
<div class=txt-desc>that invests in employee expertise, growth, and holistic well-being</div>
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<div class="txt-title font-h-bold">To lead with integrity</div>
<div class=txt-desc>by adhering to principles of good governance to promote lasting economic and environmental benefits while maximizing value for society, stakeholders, and shareholders</div>
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<div class="txt-title font-h-bold">To generate strong and sustainable returns</div>
<div class=txt-desc>creating long-term value for 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-name font-h-bold">Dr. Vorapol Socatiyanurak</div>
                    <div class=txt-rank>Chairman</div>
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<div style=text-align:left>        During 2024, Thailand's economy gradually recovered, driven by expansion of the exportation and tourism sectors, coupled with the easing of monetary policy and lower inflation in the Kingdom and trading partners. Private consumption was also fostered by the government’s economic stimulus packages. However overall investment was pressured by the delay in the disbursement of the 2024 budget.<br><br></div>
<div style=text-align:left>        In 2025, Thailand's economy is expected to continue to expand, mainly driven by private consumption which is boosted by the government's economic stimulus packages. Public investment is likely to expand well, which will help igniting private investment to improve in the same direction. The exportation and tourism sectors will continue to grow in line with the recovery of the global economy. However, the Thai economy still faces several risk factors: including trade tensions between the United States and China, the slowdown in the Chinese economy, ongoing geopolitical issues, the structure of Thai exports concentrated in low-technology products, and persistently high household debt levels. These factors may be obstacles to an overall economic recovery.</div>
<div style=text-align:left><br>        In 2024, <a href=https://www.lhfg.co.th/en/home target=_blank rel=noopener>LH Financial Group Public Company Limited</a> reported good operating results with a net profit of Baht 2,047 million, increased by 7.3 percent from 2023 and assets of Baht 346,863 million. The company placed importance on sustainability growth with the vision to be a highly respected financial group, renowned for delivering exceptional financial solutions and setting industry benchmarks for excellence and paid attention to sustainable business operations by taking into account the environment, society and governance as well as supporting the goal of lessening greenhouse gases including lowering environmental problems according to the Sustainable Development Goals (SDGs) of the United Nations. Therefore, the company has set the target for greenhouse gas emissions to net zero by 2050.<br><br>In 2024, the company won the <a href=https://investor.lhfg.co.th/en/awards-and-certificate target=_blank rel=noopener>awards of success</a> as follows:</div>
<div style=text-align:left><strong>- Quality Assessment of the 2024 Annual General Meeting of Shareholders </strong>with the full score of 100 points<span style=font-size:inherit;font-weight:inherit><br></span><strong>- Investors’ Choice Award 2024</strong><strong><br></strong><strong>- Good Corporate Governance of Listed Companies 2024</strong> with the “Excellent” 5-star rating<strong><br></strong><strong>- SET ESG Ratings 2024</strong><strong><strong><br></strong></strong><strong>- ESG100 Certificate 2024<br></strong><strong>- Sustainability Disclosure Recognition 2024</strong><strong><br></strong><strong>- Plaque of Honor from the Climate Action Leading Organization : CALO </strong>in the Outstanding Category<strong><strong><br></strong></strong><strong>- Carbon Neutral Certificate<br></strong></div>
<strong>- Certificate of Carbon Footprint for Organization<br><br></strong>
<div style=text-align:left>        <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> reflected a sound performance with net profit of Baht 2,010.34 million, an increase of Baht 317.37 million or 18.75 percent when compared to 2023. The bank continues to focus on sustainable banking by focusing environmental, social, and governance factors. The bank also plans to support its customers in reducing their emissions by providing sustainable finance through green loan and sustainability-linked loan, and green transition loan, funding for work process enhancement, replacing machines and energy-saving equipment to promote the transition to low carbon society.</div>
<div style=text-align:left><br>        Land and Houses Fund Management Company Limited has been constantly developing its digital system to streamline the work process, enhance private fund service since customer onboarding process, improve the investment Life-Path type of provident fund. For the strategies in 2025, the company plans to enhance the other systems like property fund and REITs by focusing on data digitization and expanding portfolio management in global equity fund even more.<br><br></div>
<div style=text-align:left>        Land and Houses Securities Public Company Limited has developed its digital technology systems to allow investors to access its products and services through digital channels. For the strategies in 2025, the company plans to develop new investment products and services, enhance service efficiency both in terms of technology and investment advisory services coupled with effective cost management as well as encouraging more engagement of existing customers while growing new customer base via faster, more convenient and secure services.<br><br></div>
<div style=text-align:left>        <a href=https://www.lhfg.co.th/en/committees-and-management/board-of-directors target=_blank rel=noopener>The Board of Directors</a> gives priority to good corporate governance, sustainable business with the awareness of environmental, social and governance principles and transparent management. This enables the company to adhere to the compliance guidelines on market conduct and personal data protection (PDPA).<br><br></div>
<div style=text-align:left>        The company would like to thank our valued customers, shareholders and all stakeholders for their trust and continued support for the financial business group, LH Financial Group Public Company Limited.</div>                    </div>
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Company Profile

Company Profile

Vision and Mission

Nature of Business Operation

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