Microsoft Word - MD&A Y2017 - ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2017 Bangkok Airways Public Company Limited and Its Subsidiaries

Determination of Type of Transactions in Capital Market Eligible for Trust Creation

Rules on Application for and Granting of Approval to Undertake Trust Business (No. 2)

Rules Conditions and Procedures for Establishment and Management of Property and Loan Funds (No. 2)

Establishment of Mutual Funds and Execution of Agreements for Management of Private Funds (No. 4)

Establishment of Mutual Funds and Execution of Agreements for Management of Private Funds (No. 3)

Forms and Procedures for Filing or Changing Information on Issuing Company Directors and Executives

Additional Particulars in Trust Instrument for Creating Reserve Account or Sinking Fund

Rules, Conditions and Procedures for Approval of the Securitization Project (No. 2)

Establishment of Mutual Funds and Execution of Agreements for Management of Private Funds (No. 8)