Limited (“TSEO”) which is a subsidiary with 100% shareholding by Thai Solar Energy Public Company Limited equivalent to 74,000,000 ordinary shares at the par value of Baht 10 per share, totaling transaction

December 2016 mainly due to cash and cash equivalents increased from advance from share subscription for the period, trade and other receivables increased from advance to Safe Energy Holdings Company Limited

, service income from sales of energy saving technology Baht 10.21 million and revenue from other sales of Baht 2.69 million. Other income for the year 2019, Baht 114.02 million mostly consist of income from

Equity ratio stood healthily at 0.62x. Sbsequent Event:  Gulf TS3, the 4th Joint Ventures SPP between WHA Energy Company Limited (a wholly owned subsidiary of WHAUP) and Gulf MP Company Limited at

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

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

profits stand at 31.43%, down from 34.90% due to foreign exchange fluctuations and the increase in energy costs. Total expenses were Baht 1,990.21 million, decreased by 4.46% and net profits reported at

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

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