Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2023 of the Company and the

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

1 No. ACE-ACC-3/2024 13 August 2024 Subject Management Discussion and Analysis for the period ended 30 June 2024 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company

1 No. ACE-ACC-4/2024 13 November 2024 Subject Management Discussion and Analysis for the period ended 30 September 2024 To President The Stock Exchange of Thailand Absolute Clean Energy Public

company’s energy expenses by approximately THB 0.20 million per month, with depreciation costs of around THB 0.06 million per month. 2. To support the use of clean and environmentally friendly energy.

the previous quarter following the same direction of molasses’ price which is the main raw material in domestic Ethanol production, due to a decrease in sugarcane market supply. In Q2/2017, the Ethanol

unit of ethanol fuel product; as its price adjusted upwards by 0.3% in this quarter, while average raw material cost adjusted downwards with respect to cassava price, the main raw material, as a result

after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the previous reported

well as enhancing security of the Company's raw materials, aiming at developing innovation and high value added products (HVA); 5) continual building business partnerships and establishing joint ventures

Group’s inventory as at September 30, 2019 accounts for 25.94 percent of the total assets, of which 20.79 percent are finished products, 21.45 percent are work in progress and 45.67 percent are raw