Announcement on behalf of Land and Houses Bank Public Company Limited for the independent directors express objection on BOD agenda

1.Meeting date of the board of directors, audit committee or remuneration
committee:2024/09/23
2.Contents of the resolution made by the board of directors, audit committee
or remuneration committee (please enter ”board of directors”,”audit
committee”or ”remuneration committee”):Board of directors
3.Name and resume of independent director(s) or member(s) of the
audit/remuneration committee that expressed an objection or reserved opinion:
(1)Mr. Piphob Veraphong/ LH Bank independent director
(2)Mr. Pichai Dusdeekulchai/ LH Bank independent director
4.Motion(s) against which the objection or qualified opinion was expressed:
Develop credit card to enrich the retail banking business line
5.Objection or reserved opinion by the aforementioned independent
director(s) or member(s) of the audit/remuneration committee:
Due to the high cost in the initial phase of credit card setup, independent
director recommends to have further analysis regarding the strategy of each
target audience, financial assumptions, and peer review.
6.Countermeasures:The Finance unit has calculated that issuing credit cards
will have limited impact on the bank’s financial indicators. Business unit
has provided competitive acquisition strategies along with the latest 2024
market and financial reference data, as well as peer review including the
market landscape, product offering, and business partnership during the
 board meeting materials
7.Any other matters that need to be specified:This proposal is approved by
the Board of Directors, and more than half directors agree the proposal
“Develop credit card to enrich the retail banking business line”