President The Stock Exchange of Thailand Capital Engineering Network Public Company Limited (“the company” or “CEN”) hereby noticed that resolution from Board of Directors No.4/2020 held on August 14, 2020

, increased by Baht 200 million or 28% from Q4/2017. The increase is mainly due to the rise in sales of electricity to Electricity Generating Authority of Thailand (EGAT) as the COD of both phases of IRPC Clean

service of electricity engineering. • Property, plant and equipment has increased Baht 30.22 million, as a result of assets for solar energy. • Restricted cash decreased by Baht 6 5 . 2 4 million because

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

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

, the g ross profit from IRPC Clean Power Plant (IRPC-CP) has decreased by Baht 59 million due to the increase in natural gas cost in accordance with the usage volume and the increase in the price of

Baht 83 million or (22%) from Baht 383 million in Q3/2018 to Baht 466 million in Q3/2019. The increase was derived from all business units: engineering service, management service, solar energy, and

decrease was derived from the engineering service. • Overall gross profit margin increased from 11.9% to 13.8% at the same amount Baht 53 million. 2020 2019 Revenue 382 443 (61) -14% Cost 329 390 Gross

WELL GRADED ENGINEERING PLC. บริษัท เวล เกรด เอ็นจิเนียริง่ จ ำกัด (มหำชน) 50/1203 หมู่ 9 ต ำบลบำงพูด อ ำเภอปำกเกร็ด จังหวัดนนทบุรี 11120 โทร. 02-9817992-4 แฟกซ์ 02-9817995 No. WGE ELCID 2563/002

WELL GRADED ENGINEERING PLC. บริษัท เวล เกรด เอ็นจิเนียริง่ จ ำกัด (มหำชน) 50/1203 หมู่ 9 ต ำบลบำงพูด อ ำเภอปำกเกร็ด จังหวัดนนทบุรี 11120 โทร. 02-9817992-4 แฟกซ์ 02-9817995 No. WGE ELCID 2563/001