increase and debenture issuance result in an appropriate capital structure and financial ratio that could be fairly to peers comparison in the same industry as well as support the investment in current and

City Industrial Zone. HSMC has the shareholding structure as follow: HSMC shall operate the project on a basis of B.O.T (Build-Operate-Transfer), which is granted the concession in build and operate the

project worth approximately THB 150 million. This project integrates several Smart Energy technology including blockchain-based smart grid for management of solar power generation, Artificial Intelligence

Smart Grid, Microgrid and Energy Storage. As a result, ERC is in the process of adjusting the power structure in order to better operate and facilitate the electricity related activities including the

the newly shares allocated to ACO I. (2) In case (a) Superior including the entering into transactions as prescribed the Notifications on Connected Transactions, which are conditions of the allocation