Ratch Public : The Entering into a Connected Transaction of a Subsidiary

(Translation)

RATCH 327/2021

21 September 2021

Subject:	The Entering into a Connected Transaction of a Subsidiary
Attention:	President of the Stock Exchange of Thailand

RATCH Group Public Company Limited (the "Company") would like to notify that the Company's Board of Directors at the meeting No. 10/2021 held on 21 September 2021 resolved to approve the entering into a connected transaction between Hin Kong Power Company Limited ("HKP") (an indirect subsidiary in which the Company held 51 percent stake) and Electricity Generating Authority of Thailand ("EGAT") (the Company's major shareholder with 45 percent stake). The details of connected transaction can be summarized as follows:

Contract	Operation and Routine Maintenance	Owner's Engineer Services;
	Contract	Site Supervision
Detail
Transaction date	Approximately October 2021
Parties involved	Employer: Hin Kong Power Company Limited
	Employee: Electricity Generating Authority of Thailand
General Description of	HKP hires EGAT for operation and	To provide services for audit and
the Transaction	routine maintenance services for	quality control of the Power Plant's
	the Power Plant with consumables	Construction after the start of
	according to the conditions of	construction (Post NTP) Owner's
	Operation and Routine Maintenance	Engineer Services; Site Supervision
	Contract.	for a total period of 38 months after
		HKP sends a letter notifying EGAT
		to start work.
Transaction value	Not exceeding Baht 200 million per	T h e t o t a l c o n t r a c t v a l u e i s
	year for 10-12 years with the total	Baht 113.87 million (excluding VAT).
	contract value of not exceeding
	Baht 2,400 million (excluding VAT).
Method of payment	The first payment would be paid	The first payment would be paid
	within the first 8 months after the	within at the start of work totaling
	start of work totaling Baht 35 million.	Baht 12 million. The remaining fee
	The remaining fee would be paid	would be paid equally every three
	equally every year in monthly	months.
	installments.
Transaction type	A normal business support transaction with general trading conditions whose
	value of consideration can be calculated from assets or underlying value
Transaction size	The transaction size is 3.83 percent.	The transaction size is 0.18 percent.
percent of Net Tangible	Therefore, it is classified as "large	Therefore, it is classified as "medium
Asset (NTA) according to	transaction size" due to its total	transaction size" due to its total
the Company's consolidated	value that is 3 percent or higher to	value that is greater than 0.03 per
financial statement as at	the Company's NTA.	cent but not exceeding 3 percent of
30 June 2021		the Company's NTA.
Transaction size in the	The Company does not have any connected transaction and there has not
previous 6 months	been any same type of kind of transaction with Electricity Generating
	Authority of Thailand during such period.

Contract	Operation and Routine Maintenance	Owner's Engineer Services;
	Contract	Site Supervision
Detail
Opinion of the Board of	The Company's Board of Directors, at the Meeting No. 10/2021 held on
Directors and the Audit	21 September 2021 approved such connected transaction as agreed by
Committee	the Company's Audit Committee after having duly considered the
	substances in the Agreement and dissolved that the Agreement is
	appropriate and conducted for the optimum benefit of the Company.
	In this regard, the directors representing EGAT, the Company's major
	shareholder who is the connected person, were not present and had no
	rights to cast their votes in the agenda of this transaction

However, the completion of the transaction is subject to the approval of the meeting of the Board of Directors of Hin Kong Power Company Limited.

Such transaction does not require the disclosure of information according to the Notification of the Capital Market Supervisory Board No. TorJor. 21/2551 Re: Rules on Connected Transactions and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions 2546 (B.E.). However, this disclosure is done for the Company's transparency.

Please be informed accordingly.

Sincerely yours,

(Mr. Kijja Sripatthangkura)

Chief Executive Officer

Company Secretary Office

Tel. [phone]

Fax. [phone] Ext. 9510