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 2020 of the Company and the
Bhumibol Adulyadej has been graciously pleased to proclaim that: Whereas it is deemed expedient to enact the law governing provident funds; Be it, therefore, enacted by His Majesty the King, by and with the
Kingdom of Thailand Amendment (No.5) B.E. 2538 (1995), is therefore graciously pleased to proclaim an Emergency Decree as follows: Section 1. This Emergency Decree is called “Emergency Decree on Special
Bhumibol Adulyadej has been graciously pleased to proclaim that: Whereas it is deemed expedient to enact the law governing provident funds; Be it, therefore, enacted by His Majesty the King, by and with the
amended by the Constitution of the Kingdom of Thailand Amendment (No.5) B.E. 2538 (1995), is therefore graciously pleased to proclaim an Emergency Decree as follows: Section 1. This Emergency Decree is
pleased to proclaim a Royal Enactment as follows: Section 1. This Royal Enactment is called “Royal Enactment on Special Purpose Juristic Persons for Securitisation B.E. 2540” Section 2. This Royal Enactment
leads to a lower finance cost and increase financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of
and bills of exchange which leads to a lower finance cost and increase financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty
or warranty, express or implied, as to the accuracy or completeness of the information contained in this document or otherwise made available nor as to the reasonableness of any assumption contained
PROJECTS UNDER CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty