The Board of Directors of KAB wishes to announce that KAB Gree Solar Thai Co., Ltd. [Company Registration No. 0125564027751)] (“KABGST” or “the Seller”), an indirect subsidiary of the Company had on 21 March 2022, entered into five (5) Rooftop Solar Power Generating System Construction and Power Purchase Agreement (“the Agreements”) dated 21 March 2022 with the following parties (“the Purchasers”) for the purpose of constructing and installing the solar power generating system which consists of PV modules, inverter(s), metering equipment, monitoring system(s) and other equipment to be installed by KABGST at the following locations having the specifications of the main equipment with the approximate value (“System”): -
No.
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Purchasers
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Locations
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Duration
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Aapico Ayutthaya comprises of four (4) projects:
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a.
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Aapico Hitech Public Company Limited
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No. 99 Moo. 1, Hitech Industrial Estate, Baan Lane Sub district, Bang Pa-In District, Phranakorn Sri Ayutthaya Province, Thailand .
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Fifteen (15) years period commencing from the Commercial Operation Date (“COD”)
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b.
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Aapico Hitech Parts Company Limited
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No. 99/2 Moo. 1, Hitech Industrial Estate, Baan Lane Sub district, Bang Pa-In District, Phranakorn Sri Ayutthaya Province, Thailand .
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Fifteen (15) years period commencing from the COD
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c.
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Aapico Hitech Tooling Company Limited
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No. 99/1 Moo. 1, Hitech Industrial Estate, Baan Lane Sub district, Bang Pa-In District, Phranakorn Sri Ayutthaya Province, Thailand.
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Fifteen (15) years period commencing from the COD
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d.
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Able Sanoh Industries (1996) Company Limited
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No. 98 Moo. 1, Hitech Industrial Estate, Baan Lane Sub district, Bang Pa-In District, Phranakorn Sri Ayutthaya Province, Thailand.
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Fifteen (15) years period commencing from the COD
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Siam Machinery and Equipment Co., Ltd.
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e.
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Siam Machinery and Equipment Co., Ltd.
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No. 58 Moo. 11, Baan Lane Sub district, Bang Pa-In District, Phranakorn Sri Ayutthaya Province, Thailand.
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Twenty (20) years period commencing from the COD.
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Please refer to the attachment for the details of the announcement.
This announcement is dated 22 March 2022.