purchase agreement and transfer of claims on debts of loan in Power Plant Business of Ua Withya Public Company Limited to Absolute Clean Energy Public Company Limited on August 21, 2020 Financial Status As

been a completion of COD of 4 SPPs since the fourth quarter of last year i.e. Bowin Clean Energy performed in the fourth quarter of 2016, Gulf VTP achieved on schedule the second quarter of 2017, Gulf

the end of last year. There has also been full-year recognition of Bowin Clean Energy’s performance which achieved COD in late 2016.  Financial costs decreased by 33.5%, mainly from the fact that the

four companies that are Asia Patana Land Co., Ltd (AP), Industrial Waste Management (Asia) Co., Ltd (IWMA). , Genco Renewable Co., Ltd (GR). And Genco Clean Energy Co., Ltd (GC). AP is in real estate

., Ltd (GR) and Genco Clean Energy Co., Ltd (GC) were setup to apply for licenses of power plant from the (ERC). Both GR and GC are now in the process of appealing to the office of the Ombudsman Thailand

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2020 of the Company and the subsidiaries

, increased by Baht 200 million or 28% from Q4/2017. The increase is mainly due to the rise in sales of electricity to Electricity Generating Authority of Thailand (EGAT) as the COD of both phases of IRPC Clean

addition, the Company will have the readiness of funds and financial liquidity which will bring benefits and profits to the Company as well as help create added value for shareholders in the long term. 7

in the year 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset value in AUD currency. 2.2 Share of Profits of Associates and Joint Ventures

which are: the sale of long-term investments (profits recorded in 2Q19) to reduce the impact from the closure of Dusit Thani Bangkok Hotel, the sale of Dusit Thani Maldives Hotel to Dusit Thani Freehold