Structure of Business Groups

CK Power PCL (CKP) was established by Chor. Karnchang PCL (Chor. Karnchang Group) and was registered on June 8, 2011, with the registered capital of 1,000,000 million Baht. The objective of the Company is to be the leader of Chor. Karnchang Group that focuses on power production from different energy sources. The Company operates by holding shares in other companies (holding company) that produce and deliver electricity from different energy sources. The major source of revenue is from dividends received from investments in subsidiaries and affiliates.

The Company then got listed as a public company on February 6, 2013, and the Company’s common stocks were listed as registered securities available for trading in the Stock Exchange of Thailand (SET) on July 16, 2013, with the registered capital of 5,500 million Baht and it was fully paid up. On April 10, 2015, the Company increased capital injection to 9,240 million Baht and currently, the Company’s paid-up capital amounts to 8,129 million Baht. (As at September 30, 2019)

The Company currently invests in companies operating the business of production and distribution of electricity in three types of power projects, i.e., hydroelectric power project, cogeneration power project, and solar power project, divided into investment in a total of six subsidiaries and associated companies, as follows:

Investment in power projects of three subsidiaries, comprising:

1. Southeast Asia Energy Co., Ltd. (“SEAN”) accounts for 61.3%, whereby SEAN has a 75% stake in Nam Ngum 2 Power Co., Ltd. (“NN2”). NN2 is a core company of CKP
2. Bangpa-in Cogeneration Limited (“BIC”), whose shares are held by the Company representing 65%
3. Bangkhenchai Company Limited (“BKC”), whose shares are held by the Company representing 100%

Investment in power projects of three associated companies, comprising:

1. Xayaburi Power Company Limited (“XPCL”), whose shares are held by the Company representing 37.5%
2. Chiangrai Solar Company Limited (“CRS”), whose shares are held by the Company representing 30%
3. Nakhon Ratchasima Solar Company Limited (“NRS”), whose shares are held by the Company representing 30%