widely used basis for determining the value of companies engaging in the business of power generation and distribution, which typically have a consistent cash flow, as it appropriately reflects the nature

. The sales of power under the PPA starts from the project’s first energy generation within 2020 and the PPA will expire on December 31, 2030. On March 24, 2020, RAC achieved a long-term PPA with a

water resource in a sustainable way. Most of water used in co- generation power plants comes from recycle process or treated waste water from factories while the company's plan to manage electricity

income, and the lagging recovery in household purchasing power. Regarding Thai monetary policy, the Bank of Thailand’s policy rate is expected to stay at a low 1.50 percent for the entirety of 2017 through

every page by the leader of the audit firm and authorized signatory of the audit firm. Department of Business Development 3) Certification of the Applicant via SEC Office Online Form Original: 1 copy

2019-04-09_Notification for Resolution of BOD No. 3-2019 regarding the Acquisition and Disposition -Translation- Seven Utilities and Power Public Co., Ltd. 73 Mahachol Building, Soi Sukhumvit 62

2019-04-18_Notification for Resolution of BOD 3-2019 regarding the Acquisition and Disposition _Edit2_ -Translation- Seven Utilities and Power PublicCo.,Ltd. 73 Mahachol Building, SoiSukhumvit 62

operating results and financial condition of UWC will improve as a 12 result of the reduction in accumulated losses in connection with the power generation business, coupled with the decrease in the debt to

1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into

or equivalent to 60 percent of the total shares in Oversea Green Energy Company Limited which invests in the project management service of Iwaki-Fukushima and Ueda Solar Power Projects in Japan to the