, 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

Singapore Type of Business To engage in the business of generating and selling electricity from solar energy in Thailand Registered Office 30 Raffles Place #10-04 Chevron House Singapore 048622 Company

of land with Title Deeds No. 4064 and No. 4065 located in Klong-Nueng Sub-district, Klong Luang District, Pathum Thani Province, at the contractual price of Baht 5.00 million, generating a profit from

. - To increase and expand business channel by having a subsidiary which has certain part of business having nature differently from the mother company, of which is the channel for generating continued

737 million resulting from long-term loan agreements with the financial institution. “Electricity and Steam sales volume increased due to the expansion of power generating capacity after COD of both

in the decrease in gross profit by Baht 26 million or 25%. “Electricity and Steam sales volume increased due to the expansion of power generating capacity after start-up of IRPC-CP (Phase 2) and ISP1

of services that have increased. The additional services have been available since late June 2023 and are expected to start generating revenue clearly in 3Q2023. In 6M2023, the Company had services

carry out a soil and coal extraction and transportation work project at Mae Moh mine, Lam Pang of the Electricity Generating Authority of Thailand (“EGAT”), with both venture partners having a 50

favourable price and conditions. The company will benefit from increasing the business opportunity and generating the better returns on a long-term basis. (15) Opinions by The Audit Committee and/or Director

joint venture agreement, NWR(SBCC Joint Venture, to carry out a soil and coal extraction and transportation work project at Mae Moh mine, Lam Pang of the Electricity Generating Authority of Thailand