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

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

the amount of Baht 1,360 million during Q3’2017. The remaining proceed will be reserved for our investment in a next few years Development of SPP Replacement Projects Energy Regulatory Commission (ERC

No. TorChor. 72/2558”), calculated from the weighted average market price per share of the Company’s ordinary shares traded in the SET for retroactively 7 business days but not more than 15 consecutive

-o-y) and 2.2%(y-o-y) respectively. For the income proportion separating by business structure consisted of Aviation refueling services at 82% and Fuel pipeline transportation services at 18

) respectively. Page 4 of 8 For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others

increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

having outstanding sustainability performance. These mark another step for us to be a world-class energy company with solid fundamental and sustainable growth. We wish all shareholders and investors would