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

approval process of the project, which delays due to change in policy on procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the

ที่บรษัท ราช-ออสเตรเลีย คอรปอเรช่ัน จํากัด ถือหุนทั้งจํานวน ไดลงนามสัญญาทางการเงนกับ Clean Energy Finance Corporation ผูใหกู ในวงเงน 179 ลานเหร`ยญออสเตรเลีย เพj ่อนําไปใช ในการกอสรางและพัฒนา

means short-term investments with high liquidity ready to be converted into definite amounts of cash, and low risk of value changing or pertaining insignificant value changing, most of which are bills or

high liquidity ready to be converted into definite amounts of cash, and low risk of value changing or pertaining insignificant value changing, most of which are bills or promissory notes issued, accepted

short-term investments with high liquidity ready to be converted into definite amounts of cash, and low risk of value changing or pertaining insignificant value changing, most of which are bills or

. Liquidity and Capital Resources 1. Provide information about the issuer’s short-term and long-term liquidity, i.e., its ability to generate adequate amounts of cash to meet its cash obligations. 2. Identify

assets Cash and cash equivalents 591 623 (5%) Temporary investment-trading security 12 - 100% Trade accounts receivable 48 272 (82%) Amounts receivable from related parties - - Inventories 4,110 1,992 106

Assets 2017 2016 + / (-) Current assets Cash and cash equivalents 591 623 (5%) Temporary investment-trading security 12 - 100% Trade accounts receivable 48 272 (82%) Amounts receivable from related parties

% Trade accounts receivable 456 272 67% Amounts receivable from related parties - - 0% Inventories 2,597 1,992 30% Receivables from scrap sales - - 0% Other current assets 318 200 59% Total current assets