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 <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:left>        In 2023, Thai economy gradually began to recover, largely driven by private consumption and tourism sector. Meanwhile, exports declined following the demand from trading partners which was affected by tighter monetary policy and surging energy prices. Overall investments decelerated during the government transition while waiting to see the clarity of government policy.<br><br></div>
<div style=text-align:left>        Economic outlook in 2024, Thailand’s economy is expected to expand continuously with many supporting factors including export sector, tourism sector, private consumption, employment in the service sector and government stimulus measures. However, economic recovery still requires monitoring of several risk factors in the period ahead, for instance, high policy rate of major economies, slowdown of Chinese economy, ongoing geopolitical problems such as the Russian-Ukrainian war, Israel-Hamas conflict, default risk of corporate bonds and high levels of household debt. All of these factors still pose challenges to the recovery of Thai economy in the next stage.</div>
<div style=text-align:left><br>        In 2023, LH Financial Group Public Company Limited reported good operating results with a net profit of Baht 2,096.3 million, increased by 32.8 percent from 2022 and assets of Baht 323,322.5 million, grew by 7.2 percent year on year. The company placed importance on operating a sustainable business by taking into account environmental, social and governance factors. The company has, therefore, established a sustainable framework for its operations as to drive the organization's operations towards the goal of lessening greenhouse gases and lowering environmental problems according to the Sustainable Development Goals (SDGs) of the United Nations. The company has reduced greenhouse gas emissions and set the target for reducing greenhouse gas emissions by 25 percent within 2030 plus the plan to eliminate greenhouse gas emissions among customer segments by providing loans to promote their business operations with environmental sustainability consciousness and investments during their transition to a low-carbon community.<br><br>Consequently, the company has received many awards as follows:</div>
<div style=text-align:left><strong>- Quality Assessment of the 2023 Annual General Meeting of Shareholders </strong>with the full score of 100 points<span style=font-size:inherit;font-weight:inherit><br></span><strong>- Good Corporate Governance of Listed Companies 2023 </strong>with the “Excellent” level of 109 percent or 5-star rating<strong><br></strong><strong>- SET ESG Ratings 2023<br></strong><strong>- Certificate of ESG100 Company for 2023</strong><strong><strong><br></strong></strong><strong>- Sustainability Disclosure Recognition 2023<br></strong><strong>- Plaque of Honor from the Climate Action Leading Organization </strong>: CALO in the Outstanding Category<strong><br></strong><strong>- Carbon Neutral Certificate</strong><strong><strong><br></strong></strong><strong>- Certificate of Carbon Footprint for Organization<br><br></strong></div>
<div style=text-align:left>        In 2023, <a href="https://www.lhbank.co.th/en/personal/" target=_blank rel=noopener>Land and Houses Bank Public Company Limited</a> reported good operating results, with net profit of Baht 1,693.0 million, increased by 54.84 percent from 2022, and assets of Baht 316,339.1 million, grew by 6.9 percent year on year. The bank placed importance on operating a sustainable banking by taking into account environmental, social and governance factors. The bank has, therefore, established a sustainable framework for its operations as to drive the organization's operations towards the goal of lessening greenhouse gases and lowering environmental problems according to the Sustainable Development Goals (SDGs) of the United Nations. The company has reduced greenhouse gas emissions and set the target for reducing greenhouse gas emissions by 25 percent within 2030 plus the plan to eliminate greenhouse gas emissions among customer segments by providing loans to promote their business operations with environmental sustainability consciousness and investments during their transition to a low-carbon community. The bank has an ambition to be a bank with sustainable growth through expanding the target customer base through digital channels, alliance network and deep expertise. For the strategy in 2024, the bank aims to grow the loan portfolio that generates good returns (Higher Net Interest Margin) by managing effective cost of fund and yield enhancement along with appropriate risk management, designing new products and services to expand the customer base in the target segment, increasing fee income from selling investment products, insurance and foreign exchange services, cross-selling products of the financial business group and enabling various digital capabilities as well as leaning work processes to be efficient and fast.</div>
<div style=text-align:left><br>        Land and Houses Fund Management Company Limited aims to be a company with the majority of funds whose performance ranked in quartile 1 or 2, by constantly developing an investment system for provident fund members according to their age groups (Life Path), improving an online account opening system to facilitate private fund customers and developing new systems to support ETF transaction.<br><br></div>
<div style=text-align:left>        Land and Houses Securities Public Company Limited has developed the digital technology systems to allow investors to access the company's products and services through digital channels. For the strategies in 2024, the company focuses on business expansion from enhancing service efficiency both in terms of technology systems and investment advisory services coupled with effective cost management as well as encouraging more engagement of existing customers from faster and more convenient 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 which encourage 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

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