Microsoft Word - Ref FPI.025.2017.doc Ref. FPI.025/2017 14 September 2017 Subject : Progress on investment in the Joint Venture Company Attention : Board of Directors and President of The Stock

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of

through private placement offering (the “Debentures”). The Debentures have a term of 15 years and an interest rate of 3.95% p.a. The proceeds from the issuance of the Debentures will be used to refinance

PROGRESS OF PROJECTS UNDER CONSTRUCTION 11 LK Solar Floating Project Type of Fuel Solar PV Installed Capacity 13 MW Economic Ownership 100.0% SCOD Q1’ 2021 Private PPA 13 MW / 25 years % Progress 16.3% Bo

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful Glow SPP1

Ownership 100.0% SCOD September 2020 Private PPA 13 MW / 25 years % Progress 16.3% Progress on track Bo Thong 1&2 Projects Type of Fuel Wind Installed Capacity 16 MW Economic Ownership 92.2% SCOD December

government and private organizations page 2/4 Registered capital 1,050 million baht divided into 10,500,000 shares Par value of 100 baht Shareholders structure of APCON No. Shareholders No. of shares

of APCON Engineering system design and supply, machine installation, manage and maintain engaging in power plant construction for both government and private organizations Registered capital 1,050