Energy-Related Business

(1) Operation and Maintenance Business

ESCO - EGCO’s wholly owned subsidiary which provides operation, maintenance, engineering and construction services to power plants, petrochemical plants, oil refineries and other industries.

E&E - EGCO indirectly holds 40% stake in E&E Engineering and Service Company Limited, which provides operation and maintenance services to NT1PC power plant through a long-term operation and maintenance agreement and provides the various service to other power plants and industries in the Laos PDR.

PEPOI - EGCO indirectly holds 100% stake in PEPOI, which provides operation and maintenance services for Quezon and SBPL power plant through a long-term operation and maintenance agreement.

(2) Management Services Business for Power Plant

EGCO indirectly holds 100% stake in QMS, which provides management services for Quezon and SBPL power plant through a long-term management service agreement.

(3) Coal Mining Business

EGCO indirectly holds 40% stake in MME, which owns and operates a coal mining project (an open-pit mine), located in Muara Enim, South Sumatra, Indonesia. It is awarded a concession agreement from Indonesian government for 28 years since March 2010 to March 2038. It has mineable coal reserves of 134 million tons.

(4) LNG Shipper Business

The Energy Regulatory Commission (ERC) approved EGCO to acquire the LNG Shipper License to import the Liquefied Natural Gas (LNG) in the greatest amount of 200,380 tons per year with 10 years. Enable to supply of such fuel to the 3 Small Power Plants (SPPs) in EGCO, comprising 1) Banpong power plant in Ratchaburi province, 2) Klongluang power plant in Pathum Thani province, and 3) EGCO Cogeneration power plant in Rayong province.

(5) A Clean Energy Project Development

EGCO indirectly holds 17.46 % stake in APEX TopCo which is a private utility scale renewable development company, located in the State of Virginia in USA. Its business is based upon the development of renewable projects through the point of Notice to Proceed (“NTP”) for construction or up to the project’s Commercial Operation Date (“COD”), and the subsequent sale of these projects to third party investors.

(6) An Online Electronic Platform Company

EGCO holds 24.24% stake in Peer Power Company Limited. Peer Power is a fintech startup, focusing on an online electronic platform for bond and equity crowdfunding that connects investors to Small and Medium-sized Enterprises.

(7) An Oil Transportation Service

EGCO holds 44.6% stake in TPN, which is an oil transportation service that utilizes a pipeline network to deliver oil to the Northeastern Region of Thailand. The pipeline system covers a total distance of 342 kilometers and boasts an annual transport capacity of up to 5,443 million liters. This infrastructure facilitates a connection between the storage facility of Thai Petroleum Pipeline Co., Ltd. (“Thappline”) in Saraburi Province and TPN’s proprietary storage terminal, capable of holding 157 million liters, located in the Ban Phai District of Khon Kaen Province.

(8) Solar Panel Performance Testing Service Business

EGCO indirectly holds 60% stake in RES, which is a service provider for solar panel testing conducted by internationally certified operators and laboratory.

(9) An Infrastructure and Utility

EGCO indirectly holds 30% stake in CDI, which is an infrastructure and utility investment company with a portfolio of various businesses, encompassing electricity generation and distribution, water supply, storage/tank, and jetty management and logistic