progress reached 91%. The project is due to complete in 3Q19. • In February, the Company partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited

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28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and

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1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways