subsidiaries 4/ EBITDA from BBGI Co., Ltd., its subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd

/ EBITDA from BBGI Plc., its subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP

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

the main contractor rather than owner. Due to the construction projects in the Petrochemical and Energy Group are large projects and project valuation have exceeding than Baht 10,000 Million. As a

), a project of Paju Energy Services Co.,Ltd. (Paju ES) (EGCO holds a 49.00% ownership interest), located in Gangdong-gu, Seoul, South Korea with a capacity of 19.80 MW. Gangdong will sell electricity to

for the launch of the production automation under the scheme of “Delta Smart Manufacturing”. The company believes that it would benefit the company by enhancing energy saving and improving the

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

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

solid waste into electrical energy for 25-year period started from the date of contract). As specified in the contract, the subsidiary shall transfer building, machine and equipment to Krabi Municipality

of Nido Petroleum Pty. Ltd., BCP Energy International Pte. Ltd., BCP Innovation Pte. Ltd., BCPR Co., Ltd. and share of profit from associated companies 6/ Others items and elimination As for the