Selling Electricity 623 250 1,553 523% 149% Other Income Revenue from finance lease agreement 141 130 183 41% 30% Other Income 1 - 4 n/a 300% Total Revenue 765 380 1,740 358% 127% Cost of Raw Materials

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

the Company has executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent

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

of UWC’s investment in Power Plants business as UWC entered into Share Purchase Agreement with Absolute Clean Energy Plc. on July 10, 2020 in the total amount of THB 851.20 million even though this

executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent of the total

of the Provincial Electricity Authority, the Construction project to improve the electricity distribution system to underground cables in Sisaket Province of the Provincial Electricity Authority, the

expense approximately by Baht 510 - 940 Million through the concession agreement period. 2. On June 28, 2018, the Company sold all 7.5 percent of investment in Xayaburi Power Company Limited (XPCL) to CK

% 2,499.3 3,061.1 22.5% Revenue from finance lease under power purchase agreement 101.6 102.3 95.3 (6.8%) (6.2%) 200.8 197.6 (1.6%) Cost of sales and services (920.4) (1,149.4) (1,174.0) 2.1% 27.6% (1,795.1

% Revenue from service under a Power Purchase Agreement 400.5 560.5 772.8 37.9% 93.0% 1,081.0 1,897.2 75.5% Sales of electricity to Industrial Users (IU) 1.2 0.8 0.8 - (33.3%) 3.7 2.6 (29.7%) Sales of steam