Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Page 1 Abbreviation The Company RATCH Group Public Company Limited EGAT Electricity Generating Authority of Thailand COD Commercial

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

generate income to the group companies, to decrease electricity expense of the group companies and company to gain dividend from the subsidiaries. 8) Source of funds : Vanachai Group Public Company Limited

electricity production which can generate income to the group companies, to decrease electricity expense of the group companies and company to gain dividend from the subsidiaries. 8) Source of funds : Vanachai

17 solar power plant projects in Thailand, and revenue from sales of electricity from its own solar power plant operated by its subsidiary. For the year 2016 and 2017, revenues are THB 73.79 million

%) Raw Water 101.02 65.16 (35.85) (35.49%) Electricity 208.67 191.91 (16.76) (8.03%) Depreciation 147.91 145.85 (2.06) (1.39%) Maintenance 21.61 24.98 3.37 15.58% Others 103.79 64.49 (39.30) (37.86%) Gross

resolution of the Annual General Shareholders Meeting for the year 2019 on 23 April 2 0 1 9 had approved the dividend payment of 0.47 Baht per share (Dividend for the year 2018 was 0.47 Baht per share) or

held on 9 August 2018 had a resolution on the interim dividend payment, based on the operating results of six months end at 30 June 2018, at Baht 0.20 per share. The record date which shareholders had

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

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 009/2019/EN 15 May 2019 Subject: Notification of the Board of Directors resolution regarding the approval of interim dividend payment and schedule for the