23 April 2018 At: ACC/HO 016/61 Re: Management Discussion and Analysis for the three-month period ended 31 March 2018 To: President The Stock Exchange of Thailand During the first quarter of 2018 the

period of year 2018, varied to the decreasing of revenue from sales of land and houses, details as presented in operating revenue table. Gross profit margin of land and houses in the first six months of

, varied to the decreasing of revenue from sales of land and houses, details as presented in operating revenue table. Gross profit margin of land and houses in the first six months of 2019 and 2018 were

Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the First Quarter of year 2018 ended 31 March 2018 Executive Summary

Bangkok Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the First Quarter of year 2018 ended 31 March 2018 Executive Summary Thai economy in the first quarter of

well, the Company also intends to expand our business to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), which obtain an interesting direction of business growth. In the first quarter of , the

619 -9% -6% -4% 4% -14% -4% 38% 6% 3,754 5,940 321 1,143 3,359 5,980 489 1,212 -11% 1% 52% 6% Total Revenues 5,664 5,656 5,384 -5% -5% 11,157 11,040 -1% 2 Revenues In the first half of fiscal year 2020

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

175.41 56.43 90.58 56.20 84.83 93.66 Financial Performance for the six months ended 30th June 2020 For the first six months of 2020, the Company’s net profit was THB 85 million that increased by THB 49

[ ] Executive (please specify title in the company) Date of Appointment : Part 1 : General Information 1.1 First name / Last name (in Thai) : Title First Name Last name First name / Last name (in English) : Title