MD&A Q3Y2017 _E_ 13.11.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Management Discussion

ES) (EGCO holds a 49.00% ownership interest), located in Gangdong-gu, Seoul, South Korea with a capacity of 19.80 MW. Gangdong will sell electricity to Korea Electric Power Corporation (KEPCO), the

LIMITED Please enter search criteria Search Company CMC: CHAOPRAYAMAHANAKORN PUBLIC COMPANY LIMITED TCMC: TCM CORPORATION PUBLIC COMPANY LIMITED   Reset CHAOPRAYAMAHANAKORN PUBLIC COMPANY LIMITED

10 บมจ.0107537002109 Page 1 of 9 บริษทั ดีมีเตอร ์คอรป์อเรชัน่ จ ำกดั (มหำชน) Demeter Corporation Public Company Limited เลขท่ี 191/43 อำคำรซีทีไอ ทำวเวอร ์ชัน้ 21 ถนนรชัดำภิเษก แขวงคลองเตย เขต

6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654

Corporation (KEPCO), the sole off-taker of wholesale power generation in South Korea, through the Korea Power Exchange (KPX). Gangdong also sells thermal energy, and receive renewable credits in the form of

’ Meeting No. 3/2018 of Bangchak Corporation Public Company Limited (the “Company”) held on Wednesday, February 28, 2018, has resolved to approve the following material matters: 1. Approved to propose to the

ventures over 141.2 million Baht (in proportion to the holding of 51%) Million Baht Description Consolidate Joint Venture Total Differentiate % First Quarter 2019 First Quarter 2020 First Quarter 2020 First

. 2. As the restructure of the shareholding in Irving Corporation Company Limited (“IRV”) (a subsidiary which the Company holding 100.0%), in order to make business structure clearly in the future, the

Unicorn Enterprise Company Limited ( “UE” ) , a subsidiary in which BTS Group Holdings Public Company Limited (“BTSG”) holds 100 percent of its total shares where UE engages in business through holding