, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

Company expects that the completion of the Transaction will occur within 2 weeks following the date of the Share Purchase Agreement. The Transaction is considered an acquisition of assets in accordance with

has shown consistency in the sales of both electricity and steam to industrial users when comparing to the previous quarter showing the ability and capability of both companies to operate stably

Power Purchase Agreement in Feed-in-Tariff (FiT) basis between SBM and Electricity Generating Authority of Thailand (“EGAT”) (the “FiT PPA”) on or before the Completion Date, the consideration for the

operation of transmission line system and substation from Nam San 3A and Nam San 3B to the substation of Vietnam Electricity ( “EVN” ) at the border of Lao- Vietnam respectively ( “Transmission Line System

9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central

addition, the increase was also from higher electricity revenue from IRPC-CP plant, which is the result of higher natural gas prices. The operating revenue of Q3/2018 significantly increased by Baht 2,418

for doubtful account from the delayed project 56.85 million baht had the detailed explanation as follows:- In November 2015, the Company was hired as a contractor to install electricity transmission

% resulted from the demand in electricity and steam from industrial customers slightly fall during Q2/2017. Performance of the company’s operating power plants in Q2/2017 compared to Q1/2017 (QoQ): • Sriracha

Derivative Warrants | EGCO13C2512A | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN DECEMBER 2025