SET requests to clarify news or information


Subject (Update)                         : Clarification of additional 
information in the financial statements for Quarter 2, 2025 as requested by the
Stock Exchange of Thailand (Amended)
Description (Update)                     :
Subject : 	Clarification of additional information in the financial statements 
for Quarter 2, 2025 as requested by the Stock Exchange of Thailand (Amended)
Attention: 	The Board of Directors and Managing Director
	The Stock Exchange of Thailand
Attachment:	1.	The Company's Financial Statements for the Second Quarter of 2025
	2.	Company News dated 26 November 2024
	3. 	The Notification of the Board of Governors of the Stock Exchange of 
Thailand Re: Disclosure of Information and Other Acts of Listed Companies
Concerning the Connected Transaction
As notified by the Listed Company Supervision Department of the Stock Exchange 
of Thailand, Eastern Power Group Public Company Limited (the "Company") has been
requested to provide additional information regarding the Company's financial
statements for the second quarter of 2025 on 17 September 2025, and to disclose
such additional information through the SET information disclosure system within
 24 September 2025. The Company hereby informs as follows:
1.	Progress on the Disposal of Ordinary Shares in EPVN W2 (HK) Co., Ltd.
As the Company has notified regarding the disposal of the ordinary shares in 
EPVN W2 (HK) Co., Ltd. on 22 November 2024, the Board of Directors meeting of
the Company was resolved to approve EP Group (HK) Co., Ltd. ("EP-HK" or
"Seller"), an indirect subsidiary of the Company holding 100% of the shares,
through Eternity Power Public Company Limited ("ETP"), a subsidiary of the
Company in which the Company holds 81.40% of the shares, to sell 100% of the
ordinary shares issued and paid-up of EPVN W2 (HK) Co., Ltd. ("EPVN") to BCPG
Investment Holdings Pte. Ltd. ("BCPGI" or "the Buyer") for a total amount of VND
3,394,932 million (or approximately THB 4,613.71 million) ("Share Sale
Transaction"). EPVN operates 2 wind power plant projects with a combined
installed capacity of 99 megawatts (MW) in Chu Prong District, Gia Lai Province,
Socialist Republic of Vietnam ("Project Gai Lai") i.e. project CBTN and project
PTMN ("Project"), with a combined installed capacity of 49.5 megawatts (MW) of
each project. The Company hereby the report of the progress on the disposal of
ordinary shares in EPVN W2 (HK) Co., Ltd. as follows:
Currently, project CBTN and project PTMN have been approved to conduct the power
quality test by the Central System Operation Center and the testing is
scheduled to commence within September 2025. Upon completion thereof, the
Project will proceed to request the approval for Commercial Operation Date
("COD"), which is expected that COD will be achieved and commenced within 2025.
In this regard, the Company and BCPGI are in the process of fulfilling the 
conditions precedent under the Share Sale and Purchase Agreement ("SSPA"), the
key condition precedent is the commercial operation of the CBTN Project and the
PTMN Project. The Company expects to be able to satisfy such conditions
precedent under the SSPA and receive the first installment of the share transfer
 payment within 2025.
However, a long-stop date of SSPA is 30 September 2025 and in the event that the
parties are unable to satisfy the conditions precedent within such period. The
Company and BCPGI will jointly consider the extension of the completion of
conditions precedent.
In addition, the Company has obtained project financing from Bank for Investment
and Development of Vietnam ("BIDV") in the total amount of approximately THB
3,000 million (equivalent to 70 percent of the project value). The first loan
drawdown, in the amount of approximately THB 1,500 million, will be available
immediately upon the COD of the CBTN and PTMN projects have commenced, which
will be earlier than the receipt of the first payment from BCPGI.

2.	Connected Transaction
According to Article 6 of the notes to financial statements, there is a 
short-term loan from a related company in the amount of THB 115 million, which
is a short-term loan from Aqua Corporation Public Company Limited (AQUA), with
the following details:
Loan Date	Maturity Date	Loan Amount (THB)	Interest Rate (%)	Interest Amount 
(THB)	Collateral	Purpose
7 Mar 2025	30 Sep 2025	15,000,000.00	8.50	726,575.34	Ordinary shares in Eternity
Power Public Company Limited (ETP)	For business working capital and/or
repayment of loans
12 Mar 2025	30 Sep 2025	55,000,000.00	8.50	2,600,068.49	Ordinary shares in 
Eternity Power Public Company Limited (ETP)	For payment of debenture interest
due in March 2025
31 Mar 2025	30 Sep 2025	5,000,000.00	8.50	214,246.58	Ordinary shares in Eternity
Power Public Company Limited (ETP)	For business working capital and/or
repayment of loans
26 Jun 2025	25 Jun 2026	40,000,000.00	14.50	5,800,000.00	Ordinary shares in 
Eternity Power Public Company Limited (ETP)	For payment of debenture interest
due in June 2025
Total	115,000,000.00		9,340,890.41		

In entering into the aforementioned financial assistance transactions, the Board
of the Company has authorized the Executive Committee to consider the request
for financial assistance as follows:
1.	Executive Committee Meeting No. 1/2025 on 20 January 2025 resolved to approve
the request for financial assistance in the amount of THB 20.00 million, with
an interest rate of 8.50%, maturing on 30 September 2025. The collateral
consists of ordinary shares in ETP equivalent to twice the loan amount,
calculated based on book value (as of 30 September 2024, the separate financial
statements of ETP showed the shareholders' equity in an amount of THB 2,589.96
million and issued and paid-up 2,400 million shares with a par value of THB 0.50
each, resulting in a book value of THB 1.08 per share). The Company has already
received the loan of THB 20.00 million from AQUA, divided into 2 (two)
tranches: the first tranche in an amount of THB 15.00 million on 7 March 2025,
and the second tranche in an amount of THB 5.00 million on 31 March 2025.
2.	Executive Committee Meeting No. 3/2025 on 11 March 2025 resolved to approve 
the request for financial assistance in the amount of THB 55.00 million, with an
interest rate of 8.50%, maturing on 30 September 2025. The collateral consists
of ordinary shares in ETP equivalent to twice the loan amount, calculated based
on book value (as of 31 December 2024, the separate financial statements of ETP
showed the shareholders' equity in an amount of THB 2,757.41 million and issued
and paid-up 2,400 million shares with a par value of THB 0.50 each, resulting in
 a book value of THB 1.08 per share).
3.	Executive Committee Meeting No. 5/2025 on 16 June 2025 resolved to approve 
the request for financial assistance in the amount of THB 40.00 million, with an
interest rate of 14.50%, maturing on 25 June 2026. The collateral consists of
ordinary shares in ETP equivalent to twice the loan amount, calculated based on
book value (as of 31 March 2025, the separate financial statements of ETP showed
the shareholders' equity in an amount of THB 2,739.08 million and issued and
paid-up 2,400 million shares with a par value of THB 0.50 each, resulting in a
book value of THB 1.14 per share).

Following the execution of all 3 (three) financial assistance transactions as 
approved by the Executive Committee, the Company submitted the matter regarding
the said 3 (three) financial assistance transactions to the Board of Directors
of the Company for ratification. The Board of Directors of the Company resolved
to ratify and approve the said transactions at the Board of Directors Meeting
No.5/2025 held on 13 August 2025.
The Company has reported the first financial assistance transaction in the 
amount of THB 20.00 million on 27 January 2025. However, the Company did not
disclose to the Stock Exchange of Thailand (SET) regarding the second and third
financial assistance transactions. When aggregating the principal amount and the
interest payable from the said financial assistance transactions, the total
transaction value amounts to THB 124.34 million, which constitutes a connected
transaction pursuant to the Notification on Connected Transactions, as the
financial assistance was obtained from AQUA, which is a connected person of the
Company.
The transaction value represents 0.32 percent of the value of the Company's net 
tangible assets (NTA) according to the Company's consolidated financial
statements as of 30 June 2025, which reported a total NTA of THB 2,917.51
million. Additionally, the Company had no connected transactions during the past
six months, such transaction size exceeds 0.03 percent but does not exceed 3.00
percent of the Company's NTA, and does not exceed THB 20.00 million. Therefore,
the Company has disclosed the said transactions to the Stock Exchange of
Thailand.

The Company would like to clarify additional information in the financial 
statements for Quarter 2, 2025, as requested by the Stock Exchange of Thailand
(SET), as follows:-
1.	Progress on the Sale of Ordinary Shares in EPVN W2 (HK) Co., Ltd.
Note 3 to the financial statements shows information on the shareholding in EPVN
W2 (HK) Co., Ltd. ("EPVN"). Meanwhile, on November 22, 2024, the Board of
Directors resolved for the Company to sell 100% of the shares in EPVN, which
operates two wind power projects in Vietnam totaling 99 MW, to BCPG Investment
Holdings Pte. Ltd. (a 100% subsidiary of BCPG Public Company Limited ("BCPG"))
for a value of Baht 4,614 million. The purpose is to use the proceeds to repay
short-term debt and debentures. The transfer of 90% of the shares was set to
occur within Quarter 1, 2025, and the remaining 10% within two years from the
initial transfer. This is subject to the condition precedent that both projects
must obtain licenses for power plant operation from the relevant authorities,
which were expected to be received within Quarter 1, 2025, and must begin
commercial operation (COD) within Quarter 2, 2025. Details are in the Company's
news dated November 26, 2024.
The SET requests the Company to clarify the progress of the transaction, the 
changes in conditions and timeline, and the impact on the Company's plan for
using the funds. The Company is also asked to report the progress of this
transaction on the same day as the deadline for submitting financial statements
each quarter, or when there is progress concerning the transaction, whichever
occurs first, until the transaction is completed within the specified timeline.
The Company's Clarification:- The Company would like to state that it has 
clarified the details in the SET's system on September 25, 2025, and there has
been no change since then. In addition, this progress information will be
reported to the SET on the due date for submitting the financial statements each
quarter or when there is progress concerning the transaction, whichever occurs
first, until the transaction is completed within the specified timeline.
Furthermore, the reason for receiving the project loan from the bank ("BIDV")
before receiving payment from BCPGI is that the condition in the credit
agreement for the first drawdown is only when the project has achieved COD while
the condition for receiving the first or third payments from BCPGI is that
after the COD the projects must receive the first revenue payment from
electricity sales from EVN. This process will take a period of collecting data
and figures after the end of the COD month, issuing the invoice, and then
waiting for the first payment, totaling no less than 90-120 days. Therefore, the
disbursement of the loan from BIDV will be received before the payment from
BCPGI.
2.	Connected Transactions
Note 6 to the financial statements shows short-term loans from related parties 
totaling Baht 115 million. This consists of: (1) A loan of Baht 75 million with
an interest rate of 8.5%, due for repayment within September 2025, and (2) A
loan of Baht 40 million with an interest rate of 14.5%, due for repayment within
June 2026. Both agreements have shares of a subsidiary as collateral. This
qualifies as a connected transaction, but the disclosure of the Board of
Directors' resolution to enter into the transaction was not shown through the
SET's information dissemination system. The SET requests the Company to clarify
whether the aforementioned short-term loans are subject to the criteria for
connected transactions, and whether the Company has complied with these criteria
 and how.
The Company's Clarification:- The Company would like to state that the Executive
Committee was authorized by the Board of Directors to seek financial assistance
from related persons and to report it to the Board of Directors for
acknowledgment. The Company initially reported the receipt of financial
assistance to the SET for the first time on January 27, 2025, for a loan amount
of Baht 20 million but had no transaction to be done. Concequently, the Company
reported the receipt of financial assistance for Baht 55 million and the third
time for Baht 40 million additionally through the SET's information
dissemination system on September 25, 2025. The Company would like to inform you
that the interest rate for the loan for the third transaction is 14.50%, which
is higher than the previous rate of 8.50%. This is due to the lender having a
higher cost of borrowing. Regarding the reasonableness or necessity of pledging
ETP shares with a value of 2 times the debt to be used as collateral, the
Company would like to state that it also borrows money from external parties
using ETP shares with a value of 2 times the debt as collateral in the same way.
However, for the Company's borrowing, it will carefully consider both the
collateral and the appropriate interest rate based on the necessity of fund
usage each time. The Board of Directors has considered and approved this
financial assistance for the highest benefit of the Company.


                         Signature ___________________________
                                    ( Mr. Arak Ratboriharn  )
                                    Chief Executive Officer
                         Authorized to sign on behalf of the company

______________________________________________________________________

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