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

Shareholders’ Annual General Meeting of the Company had approved the change of the Company’s name and seal from Ratchaburi Electricity Generating Holding Public Company Limited to RATCH Group Public Company

entered into the Power Purchase Agreement for Hin Kong Power Project in Hin Kong Sub-district, Muang District, Ratchaburi Province with Electricity Generating Authority of Thailand. The agreement is

sales and rendering of services and cost of sales and rendering of services (excluding fuel costs). Also, the revenue from sales of Ratchaburi Electricity Generating Company Limited increased due to the

pollution, and is a method to support farmers producing which is currently in a state of market oversupply and are selling at low price levels. March o The Company detected an irregularities in the

was 62.0 million baht of Mushroom Group Company Limited which Production of television content and programs. The impairment testing considered the recoverable amount of the cash generating units have

participating profit from investment in associated companies and the joint venture in 2018, compared to the same period last year, comes mainly from the increase in electricity generating to the EGAT’s system of

Meeting of the Company had approved the change of the Company’s name and seal from Ratchaburi Electricity Generating Holding Public Company Limited to RATCH Group Public Company Limited. The Company has

MD&A Q1Y2018 _E_ - 10.5.61 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Management Discussion and Analysis For the 1 st

investment in 3 biomass power plant with total generating capacity of 26.9 MWs, by the disposal of ordinary shares in its three subsidiaries of UWC and the transfer of claims in relation to outstanding loans