BCPG Public Company Limited (SET:BCPG), Phatpuree Chinkulkitnivat and Niwat Adirek entered into a Share Sale and Purchase Agreement to acquire RPV Energy Company Limited from Eternity Power Public Company Limited, Yuth Chinsupakul, Sumalee Aongjarit and Charan Rattanachotnan for approximately THB 870 million on July 31, 2020. Consideration shall be paid in 3 instalments as follows: First instalment of THB 601 million which is paid on the Completion Date when shares are transferred to. Second instalment of THB 120 million which is paid (1) within 30 days after Completion Date or (2) within 30 days after the consolidated financial statements for the interim period ending on 31 June 2020 audited by the auditor of the Company (which ever occurs later). In this regard, such price will be based on the adjustment in accordance with the method as specified in the Sale and Purchase Agreement. Final instalment: THB 150 million which is paid (1) on 17 October 2022 in case that the power purchase agreements have been validly renewed and no termination is made by the Provincial Electricity Authority due to such expiry or (2) on the date in which BCPG Public Company transfers the sale shares of RPV to any third party that is not a subsidiary of BCPG Public Company (which ever occurs first). Eternity Power Public Company holds 99.99% stake in RPV Energy Company Limited, Yuth Chinsupakul holds 10 shares, Sumalee Aongjarit holds 10 shares and Charan Rattanachotnan holds 500 shares in RPV Energy Company Limited. For the year ended March 31, 2020, RPV Energy Company reported total assets of THB 1.5 billion, total debt of THB 801.2 million and net profit of THB 208.8 million. The new directors of RPV Energy Company post transaction shall be Phatpuree Chinkulkitnivat, Niwat Adirek and Charnvit Trangadisaikul. Board of Eastern Power Group Public Company Limited (SET:EP) approved the transaction as on July 31, 2020. BCPG Public Company shall use the proceed to support the Company’s business expansion and investment in the future. BCPG Public Company Limited (SET:BCPG), Phatpuree Chinkulkitnivat and Niwat Adirek completed the acquisition of RPV Energy Company Limited from Eternity Power Public Company Limited, Yuth Chinsupakul, Sumalee Aongjarit and Charan Rattanachotnan on August 11, 2020.