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

growth in line with improvement in the overall global economy. Moreover, domestic spending enjoyed promising growth, as evidenced by brighter consumption, private investment and public spending. Overall

decrease by 75.88 million Baht or 2.47% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 881.03 million

Company started trading its newly issued stock on 15 February 2017. Issued and paid-up share capital Ownership interest 30 June 2017 30 June 2017 Name of the entity Type of business Baht % 80.00 99.27 Car

loss attributable to equity holders of the Company at the amount of 142.5 million baht. Loss per share equaled to 0.07 baht. Notable Events Notable events in the third quarter of 2017: 1. In July 2017

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

Exchange of Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2024 of the Company and the

million due to decline of Front end fee. The company also has a better management in credit line for the group of the company. Moreover, audit fees also decline because in 2016 the company prepared to be a

decreased by Bt158.1 million or 15.4%(y-o-y) and the services income was of Bt859.1 million decreased by Bt140.4 million or 14.0%(y-o-y) in line with the reduced growth of the total fuel volume that the Group

year, which was still better than the set target. In this quarter, our impairment loss on loans and debt securities decreased Baht 1,314 million, or 14.39 percent, in line with the prevailing