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

-1- AIT (VP-SEC) 018E/2018 August 9, 2018 Subject: Management's Discussion and Analysis of Operating Results for Q2-2018 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

-1- AIT (VP-SEC) 014E/2024 May 9, 2024 Subject: Management's Discussion and Analysis of Operating Results for Q1-2024 To: The President of the Stock Exchange of Thailand Summary of Operations Q1-2024

-1- AIT (VP-SEC) 016E/2021 August 10, 2021 Subject: Management's Discussion and Analysis of Operating Results for Q2-2021 To: The President of the Stock Exchange of Thailand Summary of Operations Q2

'2017 % change million Baht % million Baht % % Electricity sales Sales to EGAT 8,242 60% 9,715 62% 17.9% Sales to IUs - Thailand 4,312 31% 4,564 29% 5.8% Sales to IUs - Vietnam 578 4% 581 4% 0.4% Sales to

., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR005/2019 10 May 2019 Subject: Management Discussion and Analysis (MD&A) Report for the Three Month

, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th • There is no substantial change in both liabilities and assets. Please be informed accordingly, Yours faithfully

economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High

-Translated Version- No. ECF2 026/2019 May 15, 2019 Subject: Management Discussion and Analysis of the 1st quarter ended 31 March, 2019 To President The Stock Exchange of Thailand East Coast