คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 15 May 2020 Re: To clarify the financial statements as of 31 March 2020 To: President The Stock Exchange of Thailand WHA Corporation Public Company Limited (the

was 42.3% decreasing from previous quarter, as a result of the ability to maintain profitability, the stock buyback, and the Company’s interim dividend payment. Quarter Quarter Quarter 3/2019 2/2020 3

-Translation- 11 August 2017 Subject : The establishment of Vanachai Wood Smith Company Limited To : President The Stock Exchange of Thailand According to the meeting of board committee of Vanachai

: The President The Stock Exchange of Thailand The Extraordinary Board of Directors’ meeting of Bangkok Airways Public Company Limited, (“Company” or “BA”) No. 1/2019 held on March 19, 2019 and the Board

(212.3) (101.7) Less: Dividend income 294.8 160.0 134.8 84.3 577.3 418.6 158.8 37.9 Interest received 28.5 31.5 (3.0) (9.6) 77.8 91.2 (13.4) (14.7) 9 ASIA’S BOUTIQUE AIRLINE July-September January

1,839.6 34.5 1.9 Income tax expenses 93.1 472.0 (378.9) (80.3) Less: Dividend income 418.6 389.6 29.0 7.4 Interest received 114.0 116.8 (2.8) (2.4) Gain on exchange rate 164.7 55.7 109.0 195.8 Non-operating

at Suvarnabhumi airport, together with new airline customers they engaged during the period. Besides, the increasing of revenue was from dividend received and gain on sale of assets. While, total

of 1,990.8 million baht, together with dividend received from investment. Besides, the increasing of revenue was from a constant growth by 6.6 percent in airport-related businesses. Nevertheless, the

has disclosed the issue about the procurement process of raw materials to The Stock Exchange of Thailand in Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 2Q2018

% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited