Microsoft Word - ACE MDA Q1 22 - EN - Final 1 No. ACE-ACC-2/2022 11 May 2022 Subject Management Discussion and Analysis for the period ended 31 March 2022 To President The Stock Exchange of Thailand

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

Microsoft Word - ACE MDA Q1 24 - EN V.Format Edited 090524 1 No. ACE-ACC-2/2024 13 May 2024 Subject Management Discussion and Analysis for the period ended 31 March 2024 To President The Stock

Ratio 2Q22 1Q23 2Q23 Interest-bearing debt to equity (times)* 1.1 1.0 1.0 Net debt to equity (times)* 0.9 0.8 0.9 Net debt to EBITDA (times)* 0.8 0.7 0.8 Net debt & lease liability & spectrum license

from lower interest-bearing debt which decreased slightly to Bt102,800mn. The company has a spectrum liability of Bt14,267mn to be paid to the NBTC in 2H18. Total equity was Bt56,069mn increasing 11

process of temporarily suspending their business or suspended business operations by SEC List of company licensed Securities Brokerage: Debt Securities (Securities Company) ชื่อย่อ ชื่อ เว็บไซต์ Company

boosting confidence in the bond market. Additionally, the SEC has amended the regulations on the issuance and offering of debt securities to enhance the approval rules and disclosure criteria in the bond

consider and approve the following matters:      (1)  Exemption from an event of default for the bond issuer’s  non-compliance with the requirement to maintain the Interest-Bearing Debt to Equity Ratio of

responsible financial management, proper financial values, and avoids unnecessary debt. These practices are expected to create a ripple effect of positive financial habits within educational communities.This

for consideration of approval as follows:   (1) A waiver in the case where the bond issuer is unable to maintain an interest bearing debt to equity ratio not exceeding 3:1, as reflected in the