1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

EQCR KPMG 3 3 (Acceptance and Continuance of Client Relationships and Specific Engagements) KPMG KPMG KPMG KPMG 4 KPMG 3.4 (Human Resources) KPMG classroom training virtual online training KPMG 3.5

discipline, training students on correct financial management principles, encouraging responsibility and instilling the habit of spending time on activities that are beneficial to the community by

, morality and ethics, which will be useful for the fourth and fifth-year reserve officer training cops students to live their lives and do their work in the future. The SEC officials will give lectures on

2018 MDA_ENG (rev 18 2 2019) Ocean Glass Public Company Limited Page 1/ 6 Management’s Discussion and Analysis Ocean Glass Public Company Limited Management’s Discussion and Analysis Performance for

[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

or investing in capital market product whether or not the analysis is fundamental or technical, in conjunction with such consultation. “ fundamental analysis ” means an analysis to seek an appropriate

whether or not the analysis is fundamental or technical, in conjunction with such consultation, and shall mean an ASEAN investment analyst as well; “ ASEAN investment analyst ”9 means a person eligible to

investors and eligible to analyze investment related to the value or appropriateness for trading or investing in capital market products whether or not the analysis is fundamental or technical, in conjunction

- Information technology system services fees - Training fees Baht 30 million Expense item - Design and renovation fees - Movable property rental fees - Training fees Baht 40 million …/3 - 3 - 4. Remuneration