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RATCH Group hands over mission of increasing generation capacity to 10,000 MW to new CEO Choosri Kietkajornkul

Nonthaburi – RATCH Group Public Company Limited (RATCH) today announced a change in its corporate leadership with the appointment of Ms. Choosri Kietkajornkul as the company’s seventh Chief Executive Officer. As the RATCH Group’s first female leader, she will continue the company’s mission of ensuring sustainable business growth, increasing cooperation with a network of partners, and strengthening its environmental, social, and corporate governance standards. Ms. Choosri replaces Mr. Kijja Sripatthangkura, who will retire on September 30, 2021.

Mr. Kijja Sripatthangkura, Chief Executive Officer of RATCH Group Public Company Limited, announced the company’s 2025 strategic plan has set a goal of increasing generation capacity to 10,000 megawatts. Over the past four years, RATCH Group has invested in power plant projects that grew its production capacity, giving the company a stable income and solid financial position and consistently generating returns for shareholders. In addition, the company has diversified its investments into infrastructure projects and other businesses with strong long-term growth prospects by setting a target of 5% per year of its investment budget in this area. RATCH Group continues expanding into foreign countries, which it considers a mechanism to make the extension of its investments more resilient and efficient. The company has invested in countries including Lao PDR, Australia, Indonesia, and, most recently, Vietnam.

“Over the past four years, the company has added more than 2,000 megawatts to our generation capacity, which has now reached 8,292 megawatts. We will soon present the Paiton power plant project for consideration and approval at an Extraordinary General Meeting of Shareholders. If successful, this will add around 900 megawatts to our generation growth. Worth approximately 120 billion baht, the Paiton transaction aligns with the investment model that we already have in place and will help create even greater enterprise value. I am confident that Ms. Choosri's unrivaled experience of more than 30 years in financial management and investment will help RATCH Group drive our investment goals and grow the company’s business value even more efficiently," said Mr. Kijja.

Ms. Choosri Kietkajornkul, who will assume the position of Chief Executive Officer of RATCH Group Public Company Limited on October 1, 2021, assures everyone that she will continue with RATCH Group’s mission of creating sustainable business growth by seeking cooperation with strategic partners that enhance the company’s strengths and capabilities. This includes expanding both international and domestic investments while adhering to environmental, social, and good governance practices that conform with relevant international standards.

According to Ms. Choosri: “Financial management and planning are key factors that should be implemented side-by-side with investments to drive the company forward to achieve its goal of increasing generation capacity to 10,000 megawatts and a total enterprise value of 200 billion baht. Therefore, I commit my knowledge and experience to sound financial investment management including administrating investments efficiently, identifying funding sources or financial instruments with reasonable costs that support the nature of our investment projects over the next five years, and managing return or income from investment entities to provide the company with a strong and stable cash flow.”

“As the new Chief Executive Officer of RATCH Group, I will leverage my knowledge and experience gained during 30 years in both financial management and investment in power and energy businesses to help drive RATCH Group’s three missions forward so the company achieves its goals,” added Ms. Choosri.

RATCH Group Public Company Limited was established on March 7, 2000, with registered capital of 14.5 billion baht. The Electricity Generating Authority of Thailand (EGAT) is the major shareholder, holding a 45% stake. As a holding company, RATCH Group seeks investment in subsidiaries and joint ventures, both internationally and domestically, in power, infrastructure, power and energy-related businesses, and healthcare businesses. At present, the company has operational bases in Thailand, Lao PDR, Australia, China, Indonesia, and Vietnam, with Thailand as its core business operating base.

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