Annual General Meeting of Shareholders of 2015 on 29 April 2015 at 10:00 a.m., at Thai Army Club, Makawan Room, Zone C

Thai Solar Energy Public Company Limited, or TSE, started its securities trading in MAI for the first time on Oct 30st, 2014, being confident on positive investors’ responses backed by the company’s business potentials after it saw significant demand at the subscription price of 3.90 Bath/share. Executives emphasized on strengthening TSE, aiming for another government-sponsored solar energy project. Bualuang Securities PCL., TSE’s financial advisor, suggested a bright future for energy sector, supported by Thai government’s plan to generate additional solar power production of 3,000 MW by 2021.

Dr. Cathleen Maleenont, President and Chief Executive Officer of Thai Solar Energy PCL (TSE), a Thai solar-based power producer that supplies electricity to the government following the policy of Energy Policy and Planning Office, Ministry of Energy to encourage production and consumption of renewable energy, and distributes electricity to Provincial Electricity Authority (PEA) and Metropolitan Electricity Authority (MEA) revealed that the TSE stock will begin trading in MAI for the first time on October 30th, 2014 using the symbol “TSE” after it completed IPO for its 450 million shares with the par value of 1 Bath/share and the subscription price of 3.90 Bath/share between October 21st-24th, 2014, having confidence that TSE share will be warmly welcomed by the investors.

TSE’s vision is to be the leader of renewable energy with emphasis on solar power plants using the right technology on the proper location to ensure high and sustainable returns. It also aims to expand into other types of renewable energy, such as wind power, biomass, biogas, and waste-to-energy, and expand its investment in solar power plants to other regional countries in the forms of solar farms and solar rooftops in order to put itself at the forefront of renewable energy business both in Thailand and Asia region.

Currently, TSE is a solar-based electricity producer and distributor with 25 projects in operation, totaling 98.5 MW. The projects are divided into 2 categories: solar thermal energy (STE) plants and photovoltaic (PV) plants. One STE plant, with its electricity production capacity and sale volume of 4.5 MW, has commercially operated. For PV plants, the company co-invested with Global Power Synergy Co., Ltd. (GSPC), a company specialized in electricity production in the PTT Group, to construct 10 PV projects with total capacity of 80 MW in Kanchanaburi province and Suphanburi province. All 10 projects have now commercially operated. Furthermore, TSE also co-developed 14 commercial rooftop PV solar projects with its business alliances, HomePro Group and The Mall Group. The projects, each producing 1 MW and totaling 14 MW of electricity generated, have started to commercially operate and are expected to reach CODs within this year. This results in the company being the biggest solar rooftop producer and distributor in Thailand.

“We are highly confident in the growth potentials of our company. Our capability to expand in solar power business following the government policy will place us at the top of renewable energy industry both in Thailand and Asia.”, stated Dr Cathleen.

The capital raised from IPO at around 1,755 MB will be used to expand TSE’s business both in Thailand and abroad, such as investment in solar power plants and other renewable energy plants and EPC business for solar power plants. Part of the funds will also be used to repay TSE’s existing long-term debts and to support the company’s working capital needs.

Mr. Pichet Sithi-Amnuai, President of Bualuang Securities PCL and TSE’s financial advisor and underwriter, stated that renewable energy business in Thailand is looking at a bright future supported by Thai government’s policy to encourage participation from private sector in the production of renewable energy. Thai government increased the production target of renewable energy in its Alternative Energy Development Plan 2012-2021 to 25% of total electricity generation, and recently gave approval to increase the production target of renewable energy in 2021 by 4,726 MW to 13,927 MW. This will benefit solar-based electricity sector, which currently has target production of 3,000 MW by 2021, as it is expected that the government may raise its solar electricity purchase from private producers.

TSE’s solid foundation in solar power business in Thailand and its plan to expand into Asia region clearly reflect its unmatched potential and unequivocal determination to seize the leading position in renewable energy business both in Thailand and Asia. This will secure investors’ trust and assurance towards the company’s business direction, performance and future growth.

On July 3, 2014 the representatives of the Securities and Exchange Commission and the Stock Exchange of Thailand visited Thai Solar Energy Public Company Limited.

On June 23, 2014, The representatives of Securities and Exchange Commission (SEC) and the representatives of The Securities Exchange of Thailand visit TSE’s Site at Kanchanaburi Province to prepare for the registration in The Listed Companies in The Securities Exchange MAI

Dr. Cathleen Maleenont (CEO) and Management Team of Siam Solar Energy 1 Company Limited and Mr. Jakchai Barlee, President Global Power Synergy Company Limited, a subsidiary of PTT Group have joined the grand opening ceremony at Siam Solar Energy 1 Company Limited at the branch of SSE1-PV4 and SSE1-PV5 at Tambon Nongkrathum, Amphur Doembangnongbuat , Suphanburi Province from 10 photovoltaic solar power plants with combined output of 80MW ac in the provinces of Kanchanaburi and Suphanburi with investment worth more than 7 billion baht. At present, 7 photovoltaic solar power plants have been commercial operating and all will be completely operating within June 2014.

Siam Solar Energy 1 Company Limited is the joint venture between Thai Solar Energy Company Public Company Limited and Global Power Synergy Company Limited, a subsidiary of PTT Group. This will be developing and creating clean energy to both domestic consumption and likewise those within the Southeast Asian region. Thoroughly, there will be the opportunity to expand the business and to be the leader of renewable energy business in the near future.

Siam Solar Energy 1 Co., Ltd. won two awards at the Asian Power Awards 2013:

1. Fast Track Power Plant of the Year
2. Power Utility of the Year (Thailand)

Asian Power Awards 2013 hails outstanding power companies in Asia

Nearly 100 executives from power companies gathered for the awards night.

Now on its 9th year, Asian Power Awards 2013 recognized the best initiatives and projects in Asia. The ‘Oscars’ of the power industry held in Bangkok, Thailand was graced by nearly 100 key executives from exceptional companies in the industry who relentlessly strive for great quality and excellence in their respective categories.

The judges were John Goss, Managing Director at Ceejay International; Narayan Bhat, Head, Power Asia at Lloyd´s Register Group; and John Yeap, Partner and Head of Energy – Asia at Pinsent Masons.

Addressing the winning companies during the awards night, Yeap said, “We are always impressed by your nominations every year and the projects have been improving significantly. Congratulations to all the winners.”

Asian Power congratulates the companies who made it to this year´s Asian Power Awards. The winning companies

Solar Power Project of the Year:

Gold – Pratapghar 9 MWp Solar Power Plant powered by Integrated Coal Mining Limited

Silver – 100kW Offgrid Hybrid Inverter HITC for island electrification powered by Zigor HK Ltd.

Bronze – SPP2, SPP3, SPP4, and SPP5 Tracking Solar Power Plants powered by Electricity Generating Public Company Limited [EGCO]

Hydro Power Project of the Year:

– SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Biomass Power Project of the Year:

– Metso

Wind Power Project of the Year:

– Longyuan Offshore Demonstration Wind Farm – Jiangsu Longyuan Offshore Wind Power Co.Ltd

Coal Power Project of the Year:

Gold – Hubei Xisaishan Power Project powered by Meiya Power Company

Silver – Trouble free operation for 5,000 days of Boryeong thermal power plant unit #3 powered by KOMIPO

Bronze – Mong Duong II, Vietnam powered by Victaulic

Gas Power Project of the Year:

Gold – Dangjin 3 CCPP – More than 60 percent efficiency for the first time in Asia – GS EPS Co. Ltd.

Silver – Paju Co-Generation Combine Cycle Power Plant Korea District Heating Corp. (KDHC) powered by EMERSON PROCESS MANAGEMENT ASIA PACIFIC PTE LTD

Fast-Track Power Plant of the Year:

Gold – SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Silver – Siam Solar Energy 1 Co., Ltd.

Bronze – Mong Duong II, Vietnam powered by Victaulic

Environmental Upgrade of the Year:

Gold – Hubei Xisaishan Power Project powered by Meiya Power Company

Silver – NOx Emission Reduced Project of the Gas-Fired Combined Cycle unit at NanPu Power Station powered by Taiwan Power Company

Bronze – GE

Transmission & Distribution Project of the Year:

Gold – Chui Ling Road 132KV Substation: A Showcase of Stakeholder Participative Model and Sustainable Design in Hong Kong powered by CLP Power Hong Kong Ltd.

Silver – Integrated Call Centre with SAP BCM Support powered by Tata Power Delhi Distribution Ltd.

Bronze – A Successful Case in Preventive Maintenance Management powered by Taiwan Power Company

Power Plant Upgrade of the Year:

Gold – Eco-friendly and high-efficiency Energy Complex for Yeongheung Units 5 and 6 powered by Korea South-East Power Co.

Silver – Shinincheon Combined Cycle Power Plant Improvements powered by Korea Southern Power Co., LTD

Bronze – ZhuZhou Power Plant, China powered by Victaulic

Innovative Power Technology of the Year:

Gold – Achievement of trouble-free operation during 3,000days powered by Korea Southern Power Co., LTD

Silver – Ongrid/Offgrid Three Phase Hybrid System HITD powered by Zigor HK Ltd.

Bronze – Improving power system efficiency with Fast Flexible Power – Case Thailand. Powered by Wärtsilä

Smart Grid Project of the Year:

– Development and Establishment of A Data-Management Platform for Monitoring of Lightning Arresters powered by Taiwan Power Company

Information Technology Project of the Year:

Gold – Origin’s Information Technology Project of the Year – Origin

Silver – Load Forecasting Solution powered by Reliance Infrastructure Ltd

Bronze – Integrated Call Centre with SAP BCM Support powered by Tata Power Delhi Distribution Ltd.

Power Utility of the Year:

(Thailand) Siam Solar Energy 1 Co., Ltd.

Power Utility of the Year:

(Vietnam) SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Power Utility of the Year:

(China) Hubei Xisaishan Power Project powered by Meiya Power Company

Power Utility of the Year:

(India) 382.5 UNOSUGEN CCPP – TORRENT POWER LIMITED

Power Unitility of the Year:

(Korea) Trouble free operation for 5,000 days of Boryeong thermal power plant unit #3 powered by KOMIPO

Independent Power Producer of the Year:

Gold – SINGRAULI SUPER THERMAL POWER STATION powered by NTPC Limited (Govt. of India Enterprise)

Silver – 382.5 UNOSUGEN CCPP – TORRENT POWER LIMITED

Bronze – Rays Solar Park powered by Rays Power Experts Private Limited

CEO of the Year

Mr. Lee, Sang Ho, Korea Southern Power Co., LTD.

Dr. Cathleen Maleenont, Chief Operating Officer, as well as the management team, both of Thai Solar Energy Co., Ltd. (TSE) which generates electricity using heat power from the solar energy.

The company has realized at present the effects of the global warming, as well as an increase in energy consumption within the country (Thailand) in the future in line with the Provincial Electricity Authority’s (PEA) plan to purchase electricity from the so-call rotating energy; therefore, the company has made investment in the area of photovoltaic solar power plants, in process directly converting and making use of the solar energy into electricity power. In light of this investment in particular, the company has received financial support from Bangkok Bank Public Co., Ltd. up to 5,400,000,000 (5.4 billion) Baht. However, 10 projects together, with production capacity of 80 megawatts, worth more than 7,000,000,000 (7 billion) Baht in investment value, are expected to generate more than 1,000,000,000 (1 billion) Baht in annual income.

Under the management of Siam Solar Energy 1 Co., Ltd. which is the joint management between Thai Solar Energy Co., Ltd. and PTT Public Company Limited., the representatives from both parties will incorporate into business management which means will set up the policy, direction and guidance by getting approval from the management committees.

Dr. Pailin Chuchottaworn, Chief Executive Officer and President of PTT Public Company Limited has acquired a 40 per cent stake in Thai Solar Renewable (TSR) which owns 100 per cent of Siam Solar Energy 1 (SSE1).

This joint venture will build the business opportunities and support business expansion in order to strengthen in solar power plant business and be a leader in other renewable energies to sustainable energy in the future .

Mr. Somphop Prompanapitak, Chief Operating Officer, Thai Solar Energy Co., Ltd. stated that the company is considering fund raising by preparing for the registration in The Listed Companies in The Securities Exchange MAI in next 12 months. The company also studies the other fund raising from other sources such as Infra-structure fund. Besides, the company is interested to expand the business for renewable projects such as wind, biomass, napier grass which the government encourages at the moment.

Mr. Vic Kichodhan, Chief Technical Officer, Thai Solar Energy Co., Ltd. stated that the company has invested in the building of photovoltaic solar power plants in Thailand using technologies from world leading suppliers from Europe and America which different from the previous project at Huai Krachao. However, the 10 photovataic solar power plants projects under construction are all expected to be finished by June 2013.

Dr. Cathleen Maleenont, Chief Operating Officer, as well as the management team, both of Thai Solar Energy Co., Ltd. (TSE) which generates electricity using heat power from the solar energy.

The company has realized at present the effects of the global warming, as well as an increase in energy consumption within the country (Thailand) in the future in line with the Provincial Electricity Authority’s (PEA) plan to purchase electricity from the so-call rotating energy; therefore, the company has made investment in the area of photovoltaic solar power plants, in process directly converting and making use of the solar energy into electricity power, whereby Siam Solar Energy 1 Co., Ltd. (SSE1) has been founded accordingly and working in 10 projects together, with the total production capacity of 80 megawatts.

The said investment has been divided into two (2) phases, each boasting its own production capacity of 40 megawatts. In light of this investment in particular, the company has received financial support from Bangkok Bank Public Co., Ltd. up to 5,400,000,000 (5.4 billion) Baht.

Phase 1 consists of 5 projects with production capacity of 8 megawatts, in both Suphanburi province and Kanchanaburi province. Project subcontractors are Conergy (Thailand) Co., Ltd. and SunEdison Energy (Thailand) Co., Ltd. It is expected that through these projects, electricity should be distributed to Provincial Electricity Authority from anytime in February or March 2013 onwards. Phase 1’s construction is nearly finished for the time being.

Phase 2 consists of 5 projects, each with production capacity of 8 megawatts, thus equal to 40 megawatts in total, likewise in both Suphanburi province and Kanchanaburi province. The projects under construction, are all expected to be finished by June 2013.

However, 10 projects together, with production capacity of 80 megawatts, worth more than 7,000,000,000 (7 billion) Baht in investment value, are expected to generate more than 1,000,000,000 (1 billion) Baht in annual income.

Mr. Chartsiri Sophonpanich, President of Bangkok Bank Public Co., Ltd., has revealed that Bangkok Bank is very pleased to provided financial support for Siam Solar Energy 1 Co., Ltd.’s solar power plant projects, backing up the latter’s investment in total of 5,400,000,000 (5.4 billion) Baht worth of loans. This great success indeed reflects upon trust and faith embedded in the overall project, as well as the company’s management team as a whole, as it signifies one of several major projects implemented under the energy policy by which substitute energy is to be substantiated; the said policy has also garnered warm welcome and support by the Thai government in every possible format to such an extent that it has been determined as national agenda. Moreover, this substitute-energy policy should be of importance to Thailand’s stability in terms of energy as a result of diversifying the use of electricity-generating in long term. It is therefore another opportunity for Bangkok Bank proudly to become part of the said (overall) project; this truly serves as an epitome of Bangkok Bank’s ongoing support for Thailand’s energy stability and energy development from here to the future.