No. CAZ 1/2019 21st January 2019 Subject: Management Discussion and Analysis Quarter 3rd ending 30 September 2018 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

Company Limited (“The Company”) and its Subsidiary (“The Group”) would like to submit the operating results for the year ened 31 December 2017 with the following details as below : Overall Business The

Exchange of Thailand CAZ (Thailand) Public Company Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the 1stQuarter ended 31 March 2020, which

higher other income comparing to 1Q2019. The consolidated net profit margin in 1Q2020 was 8.82% of revenue from sales, improved from 5.74% in 1Q2019. GFPT Public Company Limited Interim Management

means that the Company has better efficiency in debt collection. In addition, in the 2Q/2023, there was income from the gain on sale of written-off receivables in the amount of 167 million baht. Expenses

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

project with the Department of Industrial Promotion. To reduce production costs and increase gross margin to sales and service income from 0.42 percent in 2016 to 9.19 percent in 2017. - The company focuses

subsidiaries as follows: Unit : Million Baht Operating results of the Company Q1/2019 Q1/2018 Changes % Revenues from sales and services 302.98 241.93 61.05 25.23 Printing Business 171.75 120.77 50.98 42.21

amounting to Baht 21.49 million arise from the calculation of annual income tax and the calculation of deferred income tax due to the fact that the Company has different criteria for determining taxable

, decreased by 6.6%. As a result, the Company reported net profit of Baht 0.4 million, decreased Baht 37.9 million. Earnings per share presented at Baht 0.02. Statement of Comprehensive Income Total Revenues