Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2021 of the Company and the subsidiaries

90.13%. Summary of the company's and subsidiaries’ performance are as follows Unit : Million Baht Operating Performance of the Company and subsidiaries For the Year ended December 31, 2019 2018 (Restated

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

approximately USD 45 million. Currently, it is in preparation for construction. The COD is scheduled in September 2021. SPP Power Plant Project in Rayong Province by Nexif Ratch Energy Rayong Company Limited

revenues in the ledger and used such numbers in the company?s financial statements for Q2, Q3 and 2004. Consequently, PICNI?s financial statements in 2004 showed irregular profits of 178,440,072 baht, which

Products Public Company Limited (“Q-CON”) would like to clarify the main reason that caused operating result of the year of 2019 changed more than 20 percent that of 2018. Q-CON and subsidiary have profit

YONG THAI PUBLIC COMPANY LIMITED 633/14 Sathupradit Road, Yannawa, Bangkok 10120 Thailand Tel. (662) 2943364-8, Fax : (662) 2943373 YTC 28/2017 August 15, 2017 To : The President The Stock Exchange

YONG THAI PUBLIC COMPANY LIMITED 633/14 Sathupradit Road, Yannawa, Bangkok 10120 Thailand Tel. (662) 2943364-8, Fax : (662) 2943373 YTC 1/2018 February 28, 2018 To : The President The Stock Exchange

Share of profit on investment in associated company (27.61) 50.88 (78.49) (154.26) 132.50 64.03 68.47 106.93 Finance cost 58.36 55.46 2.90 5.23 114.50 97.25 17.25 17.74 Profit before income tax 10.47

83.95 51.57 32.38 62.79 132.13 117.88 14.25 12.09 Total expenses 194.66 152.85 41.81 27.35 515.15 490.90 24.25 4.94 Share of profit on investment in associated company 101.59 54.22 47.37 87.37 234.09