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

energy saving project, thereby saving the utility costs, and also resulted from the significant increase of revenue from the hospital operations. Administrative Expenses For the 2nd Quarter of the year

sell investment in Safe Energy Holdings Co., Ltd to the buyer following the sales-purchase agreement dated 25 February 2020 at the agreed price of Baht 222.90 million in which the value is lower than the

previous year, mostly from the increase in profit sharing from investment in BBF, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of

million respectively were 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

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

price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

changing in many key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy

from sales and services decreased Baht 321.01 million or 53.91% from the corresponding period of the previous year, mostly from revenue from Trading in Energy & Petroleum which decreased Baht 310.21

/ EBITDA from Natural Resources business of Nido Petroleum Pty. Ltd., BCP Energy International Pte. Ltd., BCP Innovation Pte. Ltd., and share of profit from associated companies 6/ Others items and