Deal #9494 Version #91836

Land area is an estimate based on the 103 turbines in operation and estimate of " 50 acres of space per megawatt on average" from Arcadia article (https://blog.arcadia.com/common-sizes-wind-turbines/#:~:text=Overall%2C%20they%20take%20up%20about,are%20better%20to%20use%20offshore.)

Wind Farm with 5 total projects and a capacity of 260 MW; In the year 2022, the Company is extremely proud that it has signed the purchase-sale agreement of carbon credits as a result of its electric bus operation business with the Swiss Federation.

This agricultural land is owned by the government and leased to farmers on what is called “Sor Por Kor” land. Deeds are issued and managed by the Agricultural Land Reform Office (ALRO).

In the year 2022, the Company is extremely proud that it has signed the purchase-sale agreement of carbon credits as a result of its electric bus operation business with the Swiss Federation. Thailand and the Swiss Federation are the first partners in buying carbon credits between countries. Following Article 6.2 of the Paris Agreement, which has resulted in an estimated 500,000 tons of carbon credits exchanged between 2023-2030.

Full operation of all 5 projects was on April 13, 2019. First 2 projects began operation in January 25, 2019

ADB is considering a THB 3 billion (~USD 95 million equivalent) investment into EA’s 2019 green bond issuance. The bond is proposed to be issued as a corporate bond with all proceeds used to refinance the debt associated with EA’s 260 MW Hanuman Wind Farm in Chaiyaphum Province in north eastern Thailand. The proposed issuance is to be EA’s first green bond and is proposed to be verified and certified under the Climate Bonds Initiative (CBI) Climate Bonds Standard (CBS) and also the ASEAN Green Bond Standards (ASEAN GBS).