Management Discussion and Analysis for the 3rd Quarter 2021 Ended November 30, 2021 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated reviewed

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2021 of the Company and the

Company 12 15 25% Gross Profit Margin (%) 58.7% 60.6% 1.9% EBITDA Margin1 (%) 31.5% 29.0% (2.5%) Net Profit (Loss) Margin 1 (%) 6.6% 7.5% 0.9% Number of branches as at March 31 39 39 - • After You Public

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 June 2022 of the Company and the subsidiaries (“the

% Net Profit (Loss) Margin 1 (%) (5.1%) 14.5% 19.6% 1.3% 11.3% 10.0% Number of branches as at December 31 40 43 7.5% 40 43 7.5% • After You Public Company Limited (“the Company”) reported consolidated

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2022 of the Company and the subsidiaries

% 32.6% 6.4% Net Profit (Loss) Margin 1 (%) (11.2%) 13.7% 24.9% (2.1%) 12.0% 14.1% Number of branches as at September 30 39 44 12.8% 39 44 12.8% • After You Public Company Limited (“the Company”) reported

% Net Profit (Loss) Margin 1 (%) 6.7% 13.4% 6.7% 0.6% 12.4% 11.8% Number of After You dessert café branches as of 31 December 40 51 27.5% 40 51 27.5% • After You Public Company Limited (“the Company

, Tambol Ban Lane, Amphur Bangpa-in, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com บริษัท อาปิโก ไฮเทค จ ากดั (มหาชน) AAPICO HITECH PUBLIC COMPANY LIMITED Ref

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2022 of the Company and the subsidiaries (“the