3.5% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking

in joint ventures in the period ended 31 December 2019, the balance of Baht 5.30 million and Baht 3.53 million respectively were described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE

ventures in the first quarter of 2019, the balance of Baht 1 million was described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE”) is the joint venture that the Company holds 33.37%. Currently

2019, the balance of Baht 1 million was described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced

of Baht 1 million was described as followed: 1. SAFE Energy Holdings Company Limited (“SAFE”) is the joint venture that the Company holds 33.37%. Currently, the project has commenced the operation of

. 1. SAFE Energy Holdings Company Limited (“SAFE”) as the joint venture which the Company holds 33.37 %. Currently, the project has commenced the commercial operation. SAFE invest in PWGE 99.99%, Bina

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 2021 of the Company and the subsidiaries

Solutions (TPS) 8,364 17.0 8,998 19.2 10,321 22.0 - Mission Critical Infrastructure Solutions (MCIS) 990 2.0 1,137 2.4 1,052 2.2 EISBG (Energy Infrastructure Solution) 1,178 2.4 953 2.0 937 2.0 - PV Inverter

291,686 -41.0 Trade and other receivables 56,512 56,208 +0.5 Cost of property development 365,431 460,834 -20.7 Supplies 1,388 849 +63.5 Other current assets 303 991 -69.4 Total Current Assets 595,854

energy costs. Total expenses were Baht 426.8 million, increased by 7.1% mainly due to writing-off obsolete assets caused by the temporary shutdown of furnace for scheduled maintenance. Expense for the