business strengthened by CSL acquisition helped enhance AIS’ s capability to serve enterprise segment in areas such as enterprise data service and cloud which grew double digit while both AIS and CSL

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

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2021 of the Company and the

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 June 2022 of the Company and the subsidiaries (“the

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2022 of the Company and the subsidiaries

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2022 of the Company and the subsidiaries (“the

) 58.0 56.3 (1.7) Solar Energy Power Plant 55.8 60.0 60.4 0.4 4.6 55.2 60.2 5.0 Gross Profit Margin by Segment 28.3 26.8 26.1 (0.7) (2.2) 28.7 26.5 (2.2) Gross profit decrease 9.6% QoQ from Baht 466.2

a rebound in demand of enterprise customers from a clearer political situation and a sizable project closed in the quarter. The strategy for the enterprise segment continues focusing on high-margin

%) 11.1% 8.5 9.2 8.2% Solar energy system installation service - - 5.7 N.A.(>100) N.A.(>100) - 5.7 N.A.(>100) Gross Profit by Segment 464.1 421.6 458.7 8.8% (1.2%) 1,399.4 1,346.5 (3.8%) Gross Profit Margin

Energy Power Plant 3.0 3.2 3.0 2.7 (0.3) (10.0%) 10.9 11.9 1.0 9.2% Solar energy system installation service - - 5.7 - (5.7) N.A. - 5.7 5.7 N.A. Gross Profit by Segment 466.2 421.6 458.7 435.8 (22.9) (5.0