to the company received tax refund of year 2016 from the Revenue Department of Baht 1.57 million therefore has a gain on reserve. - Administrative expenses for the third quarter of 2019 decreased by

Page 1 of 2 บริษัท เอน็.ดี.รับเบอร์ จ ำกดั (มหำชน) N.D. RUBBER PUBLIC COMPANY LIMITED 129 หมู่ 3 ถนนหนองชาก-พนัสนิคม ต าบลหนองอิรุณ อ าเภอบา้นบึง จงัหวดัชลบุรี 20220 129 Moo 3 Nongchak-Phanasnikom Rd

which affected employment and domestic demand*.  However, the Company sees that the lower interest rate gives a positive impact to overall real estate industry due to a potential lower cost for both, real

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2023 of the Company and the subsidiaries (“the

29 million. 5 Including selling agent fee received from subsidiary company 6 Additional, DI also had foreign exchange gain Baht 28 million. Total DI gain was Baht 292 million 7 Income before deducting

higher than VWAP but still lower than the book value per share of MK. 7. Expected Benefits to the Company The Company will have opportunities to receive capital gain and dividend at the appropriate rate

revenues from project management service to joint venture company, (With“Nomura Real Estate Development” (NRED)) 3. Gain from transfer of right for land purchase and sale agreements, in the period for year

of other companies with a purpose to gain control in such companies rather than to invest for ordinary returns; (8) “Subsidiary company” means (a) Any company whose 75 percent or more of its total

of other companies with a purpose to gain control in such companies rather than to invest for ordinary returns; (8) “Subsidiary company” means (a) Any company whose 75 percent or more of its total

undertaking core business in holding shares of other companies with a purpose to gain control in such companies rather than to invest for ordinary returns; (8) “Subsidiary company” means (a) Any company whose