%) Average price of natural gas (Baht/MMBTU) 250 251 255 2% 2% 259 251 (3%) Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis The gross profit of IRPC Clean Power Phase 1 in Q3

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2021 of the Company and the subsidiaries

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2023 of the Company and the

the same, thereby decreased in the gross profit of Q3/2018 of Baht 137 million or 14%. • IRPC Clean Power (IRPC-CP): Total revenue in Q3/2018 increased by Baht 37 million or 2% due to higher electricity

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

(6,915.0) (35.8%) Total Cost 11,414.6 5,001.5 (6,413.1) (56.2%) Gross Profit/2 7,446.9 6,475.5 (971.4) (13.0%) Net Profit 2,898.2 3,266.4 368.3 12.7% /1 Including other income and share of profit from

of Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 June 2020 of the Company and the

Plants and IRPC Clean Power (IRPC-CP) together with profit realization of Ichinoseki Solar Power 1 GK (ISP1) due to stable weather condition compared to Q1/18 in which there had been heavy snow in Japan

1 No. ACE-ACC-3/2021 13 August 2021 Subject Management Discussion and Analysis for the period ended 30 June 2021 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company

quarter of 2017, Padaeng Industry Public Company Limited announces a consolidated net profit of 210.75MB, compared to a net profit of 100.60MB for the same quarter of previous year. For the first half of