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 2020 of the Company and the

, the Company and Subsidiary Companies received a share of profits from investments (by the equity method) of Baht 9.1 million; namely, a decrease of Baht 2.9 million from Q3/2016 (or equal to -24.2%YoY

Disposition of Asset B.E. 2547 (2004) (as amended) (collectively, the “Notification of 3 Acquisition or Disposal of Assets”). The highest transaction value equals to 30.94 percent based on the net profits from

(2,741.1) (262.2) Profits (loss) from operations before income tax expenses (987.6) 945.3 (1,932.9) (204.5) Net profits (loss) (708.5) 806.7 (1,515.2) (187.8) Basic earnings per share (Baht) (0.034) 0.038

profits from operation calculated from two audited consolidated financial statements for a period of 9 months ending on 30 September 2018 of the Company. Once included the asset acquisition transaction(s

with the Notification of Acquisition or Disposal of Assets. The highest transaction value equals to 30.94 percent based on the net profits from operation calculated from two audited consolidated

profit decreased by Baht 128 million mainly due to the decrease in steam sales volume of Rayong Central Utility Plants (CUP) and IRPC Clean Power (IRPC-CP) decreased, even though the electricity sales

Authority of Thailand (EGAT) because of the reserved shutdown following EGAT dispatch instruction; IRPC Clean Power Phase 1 (IRPC-CP Phase 1) ceased the gas turbine generator to commissioning with Phase 2 in

profits and stabilizing the company in the future. 5 8. Total Value of Consideration and Payment Terms VIC will invest in Anypay by purchasing ordinary shares and newly issued ordinary shares in the amount

continuous growth in the Company’s assets, profits, and cash flows. 6. Sources of Funding Internal Working Capital 7. The Board of Directors regarding the transaction. The Board of Directors of WORLD