electricity has risen following the Weight Factor and the increase in price of natural gas. Comparing Q1/2019 vs Q4/2018 Comparing Q1/2019 vs Q1/2018YoYQoQ IPP PAGE 10PAGE 10 MANAGEMENT DISCUSSION & ANALYSIS

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

raw materials and electronics, electricity supply industry not growth due to economic slowdown. - Cost of the sales and services of 2018 was 88.84% decreased to 88.13% at 2019 or decreased 0.71% from

MANAGEMENT PCL. Filing FinancialStatement 56-1 56-2 Ranking EKH EKACHAI MEDICAL CARE PUBLIC COMPANY LIMITED Filing FinancialStatement 56-1 56-2 Ranking EGCO ELECTRICITY GENERATING PUBLIC COMPANY LIMITED Filing

force to accommodate both public and private sectors to set up infrastructure funds. Currently, three sizable infrastructure funds investing in rail transportation, electricity, and telecommunication have

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Bangkok, January 20, 2011 ? The SEC regulations on establishment and management of infrastructure fund have become effective since January 16, 2011. Asset management companies and the investing

Absolute Clean Energy Public Company Limited 140/6 ITF Tower 7th floor Silom road, Suriyawong, Bangrak, Bangkok 10500 No. ACE-ACC-1/2019 12 November 2019 Subject Management Discussion and Analysis