As RATCH Group Public Company Limited notified the Stock Exchange of Thailand regarding the establishment of Xekong 4 Power Company Limited ("XK4") with direct shareholding proportion of 60% to develop and operate the Xekong 4A and 4B Hydroelectric Power Project with an installed capacity of 355 megawatts which is located in Xekong Province, Lao People's Democratic Republic ("Lao PDR"). The Company would like to notify that on 25th December, 2023, XK4 has entered into the Power Purchase Agreement for Xekong 4A and4B Hydroelectric Power Project with Electricity Generating Authority of Thailand ("EGAT") for 27 years. It is scheduled for commercial operation in 2033 to produce and sell all the electricity to EGAT.

The investment of this renewable energy Project aims to foster the growth of the renewable portfolio while broadening investment initiatives throughout the ASEAN region. This will promote sustainable growth to achieve goals in alignment with the strategy of Company.