our overseas subsidiary, namely Intercarabao Limited (“ICUK”). Revenue from sales of our energy drinks under Carabao trademark to existing export markets amounted to THB 963 million and THB 1,772

Energy determined Biodiesel B10 to be distributed at all petrol stations in country since 1 March 2020. This circumstance caused CPO price continuously rose before the season of harvesting fresh fruit

sharing from investment in BBF increased Baht 13.38 million, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of biodiesel B10 and B20. 4

sell investment in Safe Energy Holdings Co., Ltd to the buyer following the sales-purchase agreement dated 25 February 2020 at the agreed price of Baht 222.90 million in which the value is lower than the

previous year, mostly from the increase in profit sharing from investment in BBF, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of

share of profit from SouthEast Asia Energy Limited, a joint venture in proportion of 33.33 percent, increased in the amount of Baht 51.81 million, mainly due to the higher electricity generation

Energy Regulatory Commission (ERC) for final approval. The project targets for 85% contracted by commercial operation date. The construction of the project has progressed 61.24% (The construction plan was

future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May

subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd. As for the

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2020 of the Company and the subsidiaries (“the