year, private investment slowed down as confidence in the election and the direction of investment from the government through large projects. In the second quarter of 2018, the Company have been

investment slowed down as confidence in the election and the direction of investment from the government through large projects. In the third quarter of 2018, the Company is more productive for our customers

proportion of 80% 1. Transaction date The Company entered into the Share Purchase Agreement and fully paid for the Transaction on 16 June 2015. 2.The parties involved and the relationship with the Company

increase of finance cost from liabilities under trust receipts for purchase of raw material. Income Tax The Company incurred income tax in Q2/2016 and Q2/2017 amounting to THB 14.5 mn and THB 4.7 mn

power plant business of Ua Withya Public Company Limited. As a result of the entering into the investment purchase agreement and transfer of claims on loans in all power plant business of Ua Withya Public

or Disposal of Assets Notifications"). Transaction No 1: The acquisition of assets transaction The Company will enter into a sell and purchase of land and buildings agreement located Rop Wiang, Mueang

. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management. What is more, the Company

1 No. ACE-ACC-2/2023 12 May 2023 Subject Management Discussion and Analysis for the period ended 31 March 2023 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company Limited

Goodwill In 2017 the Company experienced a loss in impairment of goodwill due to purchase of additional business valued at THB 121.71 million. In 2018, due to better performance of the Company’s subsidiary

Gas Power Plant, part of sales will be presented as a revenue from service under a Power Purchase Agreement. During the year ended 31 December 2017, Advance Agro Asia Company Limited, an indirect