Absolute Clean Energy Public Company Limited announces an Equity Buyback for 400,000,000 shares, representing 3.93% for THB 1,000 million.

Absolute Clean Energy Public Company Limited (SET:ACE) announces a share repurchase program. Under the program, the company will repurchase up to 400,000,000 shares, representing 3.93% of its issued share capital for THB 1,000 million. The shares will be repurchased at a price not exceeding 115% of the average closing share price of five business days prior to each repurchase date.

The purpose of the program is to manage the company's liquidity efficiency, to build confidence on the solid financial position and capability to generate return of the company and to increase the return on equity and the earnings per share. The repurchase program will expire on December 31, 2022. As at March 15, 2022, the company had 10,175,999,960 issued and outstanding shares.