(“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2023 of the Company and the subsidiaries (“the Group”) as follow: Consolidated financial

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

structure from 1 April 2020 to strengthen the business for the group in terms of Efficiency, Availability and Reliability in delivering electricity and steam, as well as focusing on synergy in the operation

2019. • The company's project 3 projects under construction as follow: - Nava Nakorn Electricity Generating Company Limited (NNEG) (progress at 85.7%) - Rayong Waste to Energy: WTE (progress at 36.8

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

MD&A Q2Y2017 _E_ 09.8.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Management Discussion and

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

: Lessor and lessee have a common indirect shareholder as follows; - Inoue Rubber Co., Ltd. Transaction Details: The short-term property rental and services are as follow; 1) Property location: 258

THB 664 million, a reduction of THB 42 million, with factors affecting operations as follow: 1. Solar power plant projects in Thailand recorded a total electricity sales in adjacent to the previous year

, in the amount of electricity sold decreased because tenants used the rented space to store products, causing electricity usage to decrease. As a result, there was a gross loss from the depreciation of