October 3, 2019 Re: Clarification of the operating results of company and its subsidiaries for the six month periods ended June 30, 2018 To: President The Stock Exchange of Thailand K.C. Property

DOD BIOTECH PUBLIC COMPANY LIMITED 111 Moo 2 TambonThachin, Amphurmuangsamutsakhon, Samutsakhon 74000 Page 1 of 3 No. DOD026/2563 February 26, 2020 Subject Management Discussion and Analysis of for

overall liquidity and it could also save finance cost. ➢ Expenses on investments in 2 new subsidiaries; ETG Energy Company Limited (for participation in solar power plant phase 2) and Glow Trading and

of Thailand Enclosure : 1. Financial Statements for the Second quarter ended June 30,2019 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed

Microsoft Word - SHR MDA YE19_EN 20200226 vf Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page

-Australia Corporation Limited (“RAC”) (an indirect subsidiary in which the Company held 80 percent stake) has achieved financial close in order to start the construction of Collinsville Solar Power Project

Revenue from finance lease contract 2,923.23 3,335.81 (412.58) (12.4) Share of profit of associates / joint ventures 3,968.38 4,735.47 (767.09) (16.2) Gain on bargain purchase - RATCH Cogeneration Company

year of 2019 and more efficient cost management that caused selling and administrative expense to decrease by 1.5% from the year of 2018. For the branches expansion in the year of 2019, the company

doubtful accounts 56.85 - 56.85 Earnings before interest and tax (12.13) 135.08 Finance costs - Main businesses 20.06 23.05 (2.99) -13% Finance costs - Solar energy 35.41 35.69 (0.28) -1% Profit before

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2022 of the Company and the subsidiaries