ACE Claims the Movement of Its Major Shareholder Has No Impact on the Operation

In the afternoon of January 24, 2020, after the share price of Absolute Clean Energy Public Company Limited (ACE) hit the floor in the morning session along with the report of its major shareholder received a transfer order from Thai Prime Minister.

ACE reported that the movement of one of its major shareholders, within the Royal Thai Police has no impact on the company’s operation, as he is not ACE’s Director or Management or Representative.

Moreover, ACE has established Board of Directors and Board of Management, consisting of highly-qualified management and experts in energy business and investment while making a good governance with a strong business and investment plan.

In addition, ACE has ensured investors that its business operation, new project development and future business expansion are going well as planned.