share of profit from SouthEast Asia Energy Limited, a joint venture in proportion of 33.33 percent, increased in the amount of Baht 51.81 million, mainly due to the higher electricity generation

generated more electricity than the previous year. 2.2.2 The profit of SouthEast Asia Energy Limited, a joint venture in the portion of 33.33 percent, increased in the amount of Baht 158.21 million due to the

entered into the Power Purchase Agreement for Hin Kong Power Project in Hin Kong Sub-district, Muang District, Ratchaburi Province with Electricity Generating Authority of Thailand. The agreement is

ENGINEERING PUBLIC COMPANY LIMITED ELECTRICITY GENERATING PUBLIC COMPANY LIMITED EMC PUBLIC COMPANY LIMITED ENERGY ABSOLUTE PUBLIC COMPANY LIMITED ENERGY EARTH PUBLIC COMPANY LIMITED ENERGY FIRST COMPANY

the first quarter of 2018, the company had a gain from the sale non-current assets held for sale in the amount of Baht 32.02 million. 1.2 The company’s income from energy business in Q1/2019 was Baht

MANAGEMENT PUBLIC COMPANY LIMITED EKACHAI MEDICAL PUBLIC COMPANY LIMITED EKARAT ENGINEERING PUBLIC COMPANY LIMITED ELECTRICITY GENERATING PUBLIC COMPANY LIMITED EMC PUBLIC COMPANY LIMITED ENERGY ABSOLUTE

accounts 56.85 - 56.85 Earnings before interest and tax (29.90) 91.79 Finance costs - Main businesses 15.25 19.63 (4.37) -22% Finance costs - Solar energy 26.77 26.33 0.44 2% Profit before income tax (71.91

of UWC’s investment in Power Plants business as UWC entered into Share Purchase Agreement with Absolute Clean Energy Plc. on July 10, 2020 in the total amount of THB 851.20 million even though this

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2020 of the Company and the

energy business incurred a gross loss because the company sold rooftop solar power to tenants of building space within the Wincoast Industrial Park as Page 3 of 4 only one project, capacity 0.75 megawatts