The Investment Committee serves a term of three years. A director retiring by rotation may be re-elected. The Committee report directly to the Board of Directors and perform their tasks as assigned by the Board of Directors as follows:

1. To determine strategic plan, goal, investment plan, investment budget, optimum investment return and other benefits from project investment to increase the Company’s electricity generation capacity and growth.
2. To carefully review and scrutinize project investment proposed by the Management to ensure that it is in line with the Company’s policy and target specified in its investment plan based on suitable return on investment and effective management to control risk factors at acceptable level.
3. To monitor, follow up and evaluate the approved investment project and report to the Board of Directors.

INVESTMENT COMMITTEE’S REPORT

As of 31 December 2025, the Investment Committee comprised4members namely Assoc. Prof. Kulyos Audomvongseree, Ph.D. as Chairman of the Investment Committee, Mr. Thidade Eiamsai, Assoc. Prof. Takoon Siriyutwatana, Ph.D. and Mr. Narin Phoawanich, Ph.D. as committee members. Mr. Sakarin Tangka vachiranon, Chief power Business Development Officer and Acting Executive Vice President – Related and New Businesses, served as the secretary to the Committee.

The Investment Committee’s duties and responsibilities are as follows:

1. Formulate guidelines for submitting projects for review and consideration by the Investment Committee and the Board of Directors, ensuring that each project contains comprehensive details including technical analysis, financial analysis, relevant regulatory and legal considerations, as well as risk assessment and mitigation measures, and has been systematically reviewed by the management.
2. Scrutinize investments in various forms including greenfield investment, brownfield investment, merger and acquisition, and divestment, by determining appropriate return levels taking into account risk exposure, cost of financing, and economic, political, social, and environmental contexts, as well as alignment with the Company’s strategy.
3. Review the quality of the Company’s completed investments by monitoring and evaluating project performance at all stages to assess whether results are in line with the feasibility study previously submitted for approval by the Board of Directors, and consider the necessity of adjustments, improvements, or revisions to investment strategies in response to rapidly changing investment conditions and environment.

In 2025, the Investment Committee convened a total of 8 meetings, with all members in office attending every meeting. The meetings were conducted in a systematic manner. Agenda items had been carefully reviewed by the Company’s Executive Committee, comprising chief executives of all functions. During the meetings, the Investment Committee carefully and comprehensively deliberated and provided opinions and recommendations, prioritizing the best interests of the Company, shareholders, and all stakeholders under the principles of good corporate governance, with the objective of ensuring stable and sustainable growth of the Company.

(Assoc. Prof. Kulyos Audomvongseree, Ph.D.)
Chairman of the Investment Committee