down; Such Right Offering ratio is determined in such a way that the Company shall raise the total amount of the capital increase of THB 100,000,000 for its business operation through allocating newly

total of value of assets disposed is 925.11 Million Baht. 7. Basis used to determine the value of consideration The value of consideration is determined based on shares to be disposed, as 181.75 million

based on a referable rate or in accordance with the commercial practice applicable to such transaction. In the case where a management company has determined a policy or a guideline for setting up the

auction process and has started the auction process since 14 September 2018. The period for auction process has been scheduled during 14 September 2018 to 13 October 2018, and Modern Street determined the

at a price of Baht 9.645 per share in the amount Baht 407.50 million. The Company has determined the estimated value of assets by the WPS is worth more than book value, including the draft contract SPA

greatly, whether the ICO constitutes securities offering under the SEA shall be determined on a case-by-case basis. 2.2 ICO process • Technically, ICO process can apply to any types of securities. However

whether one or more administrative sanctions will be determined, the authority shall take into consideration the following factors: (1) nature of unlawful act which, in general, shall be considered from- 5

. In the case where a management company has determined a policy or a guideline for setting up the price or the rate for entering into a transaction with a connected person , and such policy or guideline

Microsoft Word - MD&A Q12018- ENG.doc 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

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