[COMPANY NAME] Ref.:EFORL020/2018 May 15, 2018 Subject: Management Discussion and Analysis for the first quarter ended 31 March 2018 To President The Stock Exchange of Thailand 1. Overview financial

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE

Transaction Notification”). The transaction size is 2.17 percent of the Company’s net tangible assets calculated from the financial statement ended on 31 December 2017. The transaction size is more than 0.03

(“the Company”) would like to submit the management’s discussion and analysis of our operating results for quarter 1/2018 period ended March 31, 2018, as follows: (Unit: Baht million) Quarter 1 2018

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 June 2018 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim

three-month period ended June 30, 2018. The Group's sales and net profit totaled Bt3,643.3 million and Bt558.0 million, respectively, compared to Bt3,663.5 million and Bt672.3 million in the second

million, whereas the gross profit margin was going up to be at 17.2%. Revenues The structure of revenues for the three-month and six-month period ended 30 June 2018 and 2017 are as follows; Unit: THB

Food Public Company Limited (the “Company”) would like to send the financial statements for the second quarter ended June 30 th , 2018, which have been reviewed by the independent auditor. The Company’s

(“the Company”) would like to submit the management’s discussion and analysis of our operating results for quarter 2/2018 period ended June 30, 2018, as follows: (Unit: Baht million) Quarter 2 2018

companies 3.43 0.89% 6.09 1.42% 4.57 1.28% 1.52 33.24 The Company's service income for the three month period ended June 30, 2018 and June 30, 2017, the Company and its subsidiaries recorded has increase