RATCH Group – Saha Group Join forces to expand the power generation business.

‘RATCH Group’ jointly invests 51% in Sahacogen, joining forces to expand the power generation business. ‘Sahapat Group’

RATCH Group Public Company Limited and Saha Group Announced as a partner in investment and development of electricity generating projects both domestically and internationally Aims to drive Sahacogen growth, especially in renewable energy Including businesses related to the energy industry and other business cooperation. In this regard, RATCH Group will purchase the existing ordinary shares and the newly issued ordinary shares of Sahacogen (Chonburi) Public Company Limited from the Saha Group. 51% of the total issued and paid-up shares of Sahacogen The total investment value is 3,413 million baht (equivalent to a price of 5.75 baht per share). and the share subscription agreement has been signed today. All transactions are expected to be completed in December 2021.

For Sahacogen (Chonburi) Public Company Limited, operates the business of producing and selling electricity and steam. It has a maximum total power generation capacity of 214 megawatts and 96 tons/hour of steam using natural gas fuel. 90 megawatts of electricity produced are sold to the Electricity Generating Authority of Thailand (EGAT), and the rest, including steam, are sold to industrial plants in the Saha-Sriracha Industrial Park. In the biomass power plant business, another 2 plants are biomass power plants with a capacity of 9.6 megawatts located in Saha-Lamphun Group Industrial Park, Lamphun Province, operating under Sahacogen Green Co., Ltd. (wholly owned) selling electricity. to the Provincial Electricity Authority (PEA) in the amount of 8 megawatts and sell steam to industrial customers. and a biomass power plant with a capacity of 7.5 megawatts, located in Kamphaeng Phet Province. Operated by Saha Green Forest Co., Ltd. (75% stake), sells 7 megawatts of electricity to PEA and has a joint venture in Impact Solar Co., Ltd. (holds 21%) operates solar roof installation business in industrial park and direct electricity sales for business and industry by targeting approximately 53 megawatts

Ms. Chusri Kiatkajornkul President of RATCH Group Public Company Limited said that the success of this joint venture reflects the company’s commitment. To maintain and build a base of power generation business in Thailand to grow continuously It aims to invest in small power plants of the type of cogeneration that are operating commercially and have customers who have certain power and steam purchase agreements. for Sahacogen Power Plant At present, it produces electricity for distribution to industrial customers, including more than 70 locations, including Saha’s affiliates. The electricity demand of industrial customers will increase. According to the increasing number of customers of Saha Group Industrial Park, the Company also sees the opportunity and potential to further develop the business to support the transition of the electricity distribution system to the smart grid. and/or future microgrids as well.

The company is delighted with this success. The Saha Cogen Power Plant It is a cogeneration project. In Thailand, the seventh, more importantly, marks the beginning of a strategic partnership with Saha Group. which is the leader in the consumer goods business in Thailand Respond to the company’s sustainable alliance strategy. and has significant implications for the success of its goal of becoming a leading value-focused energy and infrastructure company in the Asia-Pacific region. jointly expanding the electricity generating business base and related By strengthening Sahacogen (Chonburi) Public Company Limited as a mechanism to drive the said goals. leading to success today Including cooperation that is continuously developing in the future.

Mr. Wichai Kulsompop, President of Saha Pathana Inter-Holding Public Company Limited, said that the Saha Cogen Power Plant in the Saha Group Industrial Park – Sriracha It is one of the small power plants. Thailand’s first cogeneration system Having an alliance like RATCH Group, which has a major shareholder is the Electricity Generating Authority of Thailand. It is a pleasure to invest in business expansion. and create energy stability for factories in the Sahapat-Sriracha Group Industrial Park in the long term It can also create new investment opportunities with the Raj Group in the future.