Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2022 of the Company and the subsidiaries (“the

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

Exchange of 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 2024 of the Company and the

shareholders attending the meeting and entitled to vote. BOD Resolution EGM 1-2020 EG (003)_Final Clean _New.pdf BBL Permata IM 1 Version EN_Final Clean (003).pdf

of UWC at introductory price in total of Baht 851,200,000 (Eight hundred fifty one million two hundred thousand Bath) to Absolute Clean Energy Public Company Limited (“ACE”) and/or its subsidiaries

sales. Moreover, oil packaging market significantly slacked during last year. 2. The consolidated gross profit margin was 12.55%, decreased from last year at 14.65% due to the average cost of plastic

prices highly adjusted following the crude oil price and uncertainty of global demand and supply, which finally caused the Company’s overall raw material prices jumped up to 238.74 million baht, and

southern economy dramatically declined in 2017. Trang’s economy depends heavily on agriculture sector. Prices of both the rubber and oil palm suffer in year 2017, and also the harvested volume was declined

ร้อยละ 80 ของ NAV เสี่ยงสูงมาก 8* กองทุนที่มีการลงทุนในทรัพย์สินทางเลือก - มีนโยบายลงทุนในทรัพย์สินที่เป็นทางเลือกใหม่ในการลงทุนหรือมีโครงสร้างซับซ้อน เข้าใจยาก เช่น commodity/gold fund /oil fund

The Derivatives Act The Derivatives Act B.E. 2546 SECTION 3. In this Act: “goods” means securities, gold, crude oil, or any other property as specified in the notification of the SEC with the