) จํานวนเงนิ (หน่วย: พนับาท) ร้อยละของมูลค่า สินทรัพย์สุทธิถวัเฉลีย " t##ก %!ก (Management Fee) 2,187.23 1.06 " t##ก 6 +$ (Share Registrar Fee) 174.98 0.08 " 2กN ก (Advisory Fee) - - " 8O% 8ก %!8# +ก

(หน่วย: พนับาท) ร้อยละของมูลค่า สินทรัพย์สุทธิถวัเฉลีย " k##ก %!ก (Management Fee) 1,158.08 1.06 " k##9ก 7 +$ (Share Registrar Fee) 92.65 0.09 " k## ,%$$!YH (Audit Fee) 17.40 0.02 " 3กd ก (Advisory Fee

of 200,000,000 newly issued shares at the par value of THB 1 per share 4 เลขท่ี 1 อาคาร ทีพี แอนด์ ที ชัน้ 14 ซอยวิภาวดีรังสติ 19 14th Floor, TP&T Tower 1 Soi Vibhavadee-Rangsit 19 Tel : (662) 936-1661

(Decrease) % December 31, 2018 December 31, 2017 Assets 954.82 787.13 167.69 21.30% Liabilities 283.75 123.43 160.32 129.89% Shareholders' equity 671.07 663.70 7.37 1.11% Issued and fully paid-up common share

million or 10.3%(y-o-y) , representing Net profit margin of 26.9% and 27.5% respectively. Thus have earnings per share of Bt0.40 and Bt1.22. In Q3/2019 and the nine months of 2019, the Group has been

which decreasing by Bt66.2 million or -27.3%(y-o-y) and of Bt40.9 million or -7.2%(y-o-y), representing Net profit margin of 19.2% and 27.8% respectively. Thus have earnings per share of Bt0.28 and Bt0.82

of up to 177,777,776 newly issued ordinary shares with a par value of THB 3.00 per share to specific investors (Private Placement) as detailed below (collectively, “PP Transactions”); 3.1 The issuance

% 94 -1,161 -108% EPS (Baht/share) 0.19 0.43 -56% -0.09 -311% 0.09 -1.13 -108% Methyl Ester Fatty Alcohols Global Green Chemicals Public Company Limited Management Discussion and Analysis | 5 Market

) (39.07) Average return on assets*** (%) (5.29) (1.20) (3.16) Net profit (loss) per share (Baht) (0.24) (0.06) (0.15) Net book value**** (Baht) 0.03 0.29 0.31 * Calculate from the profit (loss) of the

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 2021 of the Company and the