วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 015/2020/EN 14 August 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 30 June 2020 To: The President of the

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 Management Discussion and Analysis Q2-2020 13 August 2020 KEY EVENT IN Q2-2020 In the 3-month and 6-month period of Q2-2020, UWC reported gross

by Baht 8.87 million or 8.02% as compared to the same period of last year which incurred the realized net profit of Baht 110.64 million. However, the Company reported EBITDA in amounting of Baht 150.59

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

10th May, 2018 Subject: Management Discussion and Analysis (MD&A) of the financial as at and for three months’ period ending 31st March, 2018 Attention: President The Stock Exchange of Thailand P.C.S

period amounting to of Baht 64.61 million, an increase of Baht 49.20 million or 319.22% over the same quarter last year, due to the following significant factors : 1. Profit from underwriting rose by 28.66

a decrease of 6.78% when compared to the previous quarter and decrease 6.19% when compared to the same period of last year. Due to fluctuated situation of raw material price which effected to our

same period last year, which could be largely attributed to the factors as follows : 1. The company registered total sales revenue of Baht 1,150.03 million, representing an increase of Baht 132.90

million baht which is equivalent to 0.06 baht per share for the third quarter of 2017, compared to a net profit of 85 million baht for the same period in the previous year, representing a total decrease in

the Company was Baht 14.64 million decreased by Baht 49.21 million or 142.34% from the same period of last year. The main reasons were as follows:- 1. The consolidated sales decreased by Baht 55.59