Project Site Procurement and Rendering of Services Business

SAAM Group invests in the procurement of the right to land, whether in the form of leasehold rights or land ownership transfer, for use as project site location for BSP, as well as provides services relating to security and cleaning of equipment and the surrounding area throughout the period of the agreement for a total of 17 projects with total capacity of approximately 41.1 MW on 750-3-48.5 rais of land. 3 of such projects are in operation under SAAM on a total land area of 167-3-71.0 rais with total capacity of 6.1 MW, while the remaining 14 are in operation under SAAM’s wholly-owned subsidiaries, namely SAAM-1, SAAM-2, and SAAM-3, on a total land area of 582-3-77.5 rais with total capacity of 35.0 MW. SAAM Group entered into 7 Joint Venture Agreements and 10 Cooperation Agreements with BSP, and receives compensation for the provision of such services to the project on a monthly basis for the duration of the agreement of 20 or 25 years (as may be the case). 17 ground-mounted solar power projects in Thailand which SAAM Group jointly developed with BSP Group have all commenced commercial operations.