Annual sahacogen 2552(th eng) by SAHACOGEN Group

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CONTENTS General Information Message from the Chairman Report of the Audit Committee Supplementary Information & Shareholding in Subsidiaries Nature of Business Performance Review & Revenue Structure Shareholders and Management Structure Transaction with Related Companies Risk Factors and Management Corporate Governance Corporate Social Responsibility Performance Summary and Financial Highlights Financial Ratio Analysis of Operating Results and Financial Status Report on the Board of Directorsû Responsibility on Financial Statements Auditor Fees of the Auditor Financial Statements Sahacogenûs Board of Directors

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¢âÕ¡Ÿ≈∑—Ë«‰ª/General Information

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

™◊ÕË ∫√‘…∑— ™◊ËÕ¬àÕ ‡≈¢∑–‡∫’¬π∫√‘…—∑ «—π∑’Ë®¥∑–‡∫’¬π°àÕμ—Èß∫√‘…—∑ «—π∑’Ë®¥∑–‡∫’¬π‡ªìπ∫√‘…—∑¡À“™π «—π∑’Ë‡ªî¥¢“¬Àÿâπ„πμ≈“¥À≈—°∑√—æ¬å ª√–‡¿∑∏ÿ√°‘® ∑’Ëμ—Èß ”π—°ß“π„À≠à ‚∑√»—æ∑å ‚∑√ “√ ‡«Á∫‰´∑å∫√‘…—∑ ∑ÿπ®¥∑–‡∫’¬π·≈–∑ÿπ∑’Ë™”√–·≈â« ∫ÿ§§≈Õâ“ßÕ‘ßÕ◊πË Ê π“¬∑–‡∫’¬πÀÿâπ

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) SCG (®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬) 0107545000306 (∫¡®. 40854500703) 20 æƒ»®‘°“¬π 2539 4 μÿ≈“§¡ 2545 7 ¡°√“§¡ 2547 ¥”‡π‘π∏ÿ√°‘®º≈‘μ·≈–®”Àπà“¬‰øøÑ“·≈–‰ÕπÈ” 636 À¡Ÿà∑’Ë 11 ∂ππ ÿ¢“¿‘∫“≈ 8 μ”∫≈ÀπÕß¢“¡ Õ”‡¿Õ»√’√“™“ ®—ßÀ«—¥™≈∫ÿ√’ 20230 66-3848-1555 66-3848-1551 www.sahacogen.com 955 ≈â“π∫“∑ (Àÿâπ “¡—≠ 955,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑)

∑’Ëª√÷°…“∑“ß°ÆÀ¡“¬

ºŸâμ√«® Õ∫¿“¬„π

ºŸâ Õ∫∫—≠™’

∂“∫—π°“√‡ß‘π

∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ 62 Õ“§“√μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ™—Èπ 4 ·≈– 7 ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡μ¬ ‡¢μ§≈Õß‡μ¬ °√ÿß‡∑æœ 10110 ‚∑√»—æ∑å 0-2229-2800 ‚∑√ “√ 0-2359-1259 ∫√‘…—∑ ∑’Ëª√÷°…“°ÆÀ¡“¬·™π‡≈Õ√å·≈–∑Õß‡Õ° ®”°—¥ ™—Èπ 7 Õ“§“√∫ÿªº®‘μ 20 ∂ππ “∑√‡Àπ◊Õ °√ÿß‡∑æœ 10500 ‚∑√»—æ∑å 0-2266-6485 ‚∑√ “√ 0-2266-6483 ∫√‘…—∑ Õ∫∫—≠™’∏√√¡π‘μ‘ ®”°—¥ 267/1 ∂ππª√–™“√“…Æ√å “¬ 1 ∫“ß´◊ËÕ °√ÿß‡∑æœ 10800 ‚∑√»—æ∑å 0-2587-0808 ‚∑√ “√ 0-2586-0301 π. . ∑‘æ“«—≈¬å π“π“πÿ«—≤πå ‡≈¢∑–‡∫’¬πºŸâ Õ∫∫—≠™’ 3459 ∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ 193/136-137 ∂ππ√—™¥“¿‘‡…° °√ÿß‡∑æœ 10110 ‚∑√»—æ∑å 0-2264-0777 ‚∑√ “√ 0-2264-0789-90 ∏π“§“√ °√ÿß‡∑æ ®”°—¥ (¡À“™π) “¢“ ”π—°ß“π„À≠à ‚∑√»—æ∑å 0-2626-3688 ‚∑√ “√ 0-2231-4018 ∏π“§“√° ‘°√‰∑¬ ®”°—¥ (¡À“™π) “¢“ »√’√“™“ ‚∑√»—æ∑å 038-762 787 ‚∑√ “√ 038-762 791

Name Stock Code Registered Number Registered Date Registered Date to Public Company First Trading in the Stock Market Type of Business Head Office Location

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Website Registered and Paid-up Capital Reference Security Registrar

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Legal Consultant

Internal Audit

Auditor

Financial Institution

Sahacogen (Chonburi) Public Company Limited SCG (Listed on the Stock Exchange of Thailand - SET) 0107545000306 (Bor Mor Jor. 40854500703) November 20, 1996 October 4, 2002 January 7, 2004 Power Plant 636 Moo 11, Sukaphiban 8 Road, Nongkharm, Sriracha, Chonburi 20230 Tel : 66 3848 1555 Fax : 66 3848 1551 www.sahacogen.com 955 Million Baht, including 955,000,000 common shares, Baht 1 per share Thailand Securities Depositary Co.,Ltd. 62 The Stock Exchange of Thailand Building, 4Th & 7th Floor, Ratchadapisek Road, Klongtoey, Bangkok 10110 Tel : 0-2229-2800 Fax : 0-2359-1259 Chandler & Thong-Ek 7th Floor, Bubhajit Building 20 North Sathorn Road, Bangkok 10500 Tel : 02-266-6485 Fax : 02-266-6483 Dharmniti Auditing Co.,Ltd. 267/1 Pracharaj Sai 1 Road, Bangsue, Bangkok 10800 Tel : 0-2587-8080 Fax : 0-2586-0301 Ms. Thipawan Nananuwat Authorized Auditor Registration No. 3459 Ernst & Young Office Limited 193/136-137 Rajadapisek Road, Bangkok 10110 Tel : 0-2264-0777 Fax : 0-2264-0789-90 Bangkok Bank Public Company Limited, Head Office Tel : 0-2626-3688 Fax : 0-2231-4018 Kasikornbank Public Company Limited, Sriracha Branch Tel : 038-762 787 Fax : 038-762 791

“ πå®“°ª√–∏“π°√√¡°“√ ¿“¬„μâ ¿“«–‡»√…∞°‘®º—πº«π·≈–™–≈Õμ—« Õ—π‡ªìπº≈°√–∑∫®“°«‘°ƒμ∑“ß°“√‡ß‘π¢Õß À√—∞Õ‡¡√‘°“„πªï 2552 ∫√‘…—∑ “¡“√∂∑”√“¬‰¥â 3,046 ≈â“π∫“∑§‘¥‡ªìπ 99.6% ‡¡◊ËÕ‡∑’¬∫ °—∫ªï°àÕπ ·≈–¡’°”‰√ ÿ∑∏‘ 264.5 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ 1.30%

§≥–°√√¡°“√ ‰¥âμ‘¥μ“¡°“√¥”‡π‘πß“π¢ÕßΩÉ“¬∫√‘À“√·≈– ∂“π°“√≥åμà“ßÊ Õ¬à“ß „°≈â™‘¥ ‡æ◊ËÕæ‘®“√≥“·≈–Õπÿ¡—μ‘°‘®°√√¡ ”§—≠Ê §√Õ∫§≈ÿ¡ π‚¬∫“¬°“√≈ß∑ÿπ °“√∫√‘À“√ §«“¡‡ ’¬Ë ß °“√∫√‘À“√°√–· ‡ß‘π ¥„Àâ¡§’ «“¡§≈àÕßμ—«·≈–°“√∫√‘À“√®—¥°“√μ“¡°“√°”°—∫ ¥Ÿ·≈°‘®°“√∑’Ë¥’‡æ◊ËÕ„Àâ∫√√≈ÿ‡ªÑ“À¡“¬·≈–‡ªìπ‰ªμ“¡°≈¬ÿ∑∏∑’Ë«“ß‰«â Õ’°∑—Èß¡ÕßÀ“‚Õ°“ ∑’Ë ®– √â“ß§ÿ≥§à“∑“ß∏ÿ√°‘®„Àâ∫√‘…∑— ‚¥¬„Àâ§«“¡ ”§—≠Õ¬à“ß¬‘ßË „π‡√◊ÕË ß°“√„™â∑√—æ¬“°√æ≈—ßß“π ·≈–æ≈—ßß“π∑¥·∑π ·≈–¥”‡π‘π°“√°“√≈ß∑ÿπ„π‚§√ß°“√‰øøÑ“§«“¡√âÕπ√à«¡™’«¡«≈Õ’° 2 ‚§√ß°“√ ∑’®Ë ß— À«—¥≈”æŸπ·≈–®—ßÀ«—¥°”·æß‡æ™√Õ¬à“ßμàÕ‡π◊ÕË ß ·≈–‡ªìπÕß§å§«“¡√Ÿ‡â º¬·æ√à çcool the worldé ‡æ◊ËÕ≈¥¿“«–‚≈°√âÕπ „Àâ°—∫∫√‘…—∑μà“ßÊ „π‡§√◊Õ Àæ—≤πå §≥–°√√¡°“√¢Õ¢Õ∫§ÿ≥ ºŸ∂â Õ◊ Àÿπâ ºŸ¡â Õ’ ªÿ °“√§ÿ≥ ºŸ∫â √‘À“√ æπ—°ß“π∑ÿ°∑à“π∑’ Ë π—∫ πÿπ ∫√‘…—∑¥â«¬¥’‡ ¡Õ¡“ §≥–°√√¡°“√¡’§«“¡¡ÿàß¡—Ëπ®–°”°—∫¥Ÿ·≈°‘®°√√¡∫√‘…—∑ „Àâ¡’ §«“¡¡—Ëπ§ß §«“¡‡®√‘≠°â“«Àπâ“μàÕ‰ª

π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“ ª√–∏“π°√√¡°“√

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Message from the Chairman In spite of the economic uncertainty and slow-down in 2009, mainly resulting from the financial crisis in the United States, Sahacogen achieved a revenue of 3,046 million Baht representing 99.6% of turnover compared to the previous year. Net profit was 264.5 million Baht which is 1.30 % higher than 2008. During the year, the Board of Directors followed closely the progress and position of the management’s operational activities. It then considered and approved respective investment policy, risk management, and cash-flow management to be appropriately flexible, have good corporate governance, as well as being able to follow both targets and planned strategy. Moreover, the board looked for opportunities to create business value for the company, especially in energy utilization, and alternative energy. Consequently, two co-generation biomass power projects were approved for investment in Lamphun and Kamphaengphet provinces. Furthermore, to encourage and inspire more participation in conserving nature and improving the environment, the Company has become a knowledge center and leader for the çCool the Worldé environmental campaign. Also, it motivates other Saha Group companies to co-participate in carbon reduction activities. The board would like to thank all shareholders, trading partners, and both government and private entities for their continued trust and support, as well as for the effort of the management, and all the staff. Hence, the board is determined to lead the company continuously to long term stability and prosperity.

Mr. Boonkiat Chokwatana Chairman

3 This annual report is printed on Green Series paper made from 100% Eco Fiber

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π“¬πææ√ æß…å‡«™ ª√–∏“π°√√¡°“√μ√«® Õ∫

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Report of the Audit Committee The Board of Directors at its meeting 2/2009 held on May 6, 2009 resolved to appoint its audit committee consisting of 5 independent directors whose qualifications are in compliance with guidelines established by the SEC. The members of the audit committee are:

1) 2) 3) 4) 5)

Mr. Nophorn Pol. Gen. Somchai Mr. Amorn Mr. Surong Mr. Niwat

Bhongsvej Prabhasabhakdi Asvanunt Ongkosit Patanasemakul

Chairman of Audit Committee Audit Committee Audit Committee Audit Committee Audit Committee

The companyûs audit charter was revised to be in accordance with the regulations and announcements of the SEC and SET and approved by the Board of Directors on February 27, 2009. During the fiscal year of 2009, 4 meetings were held with the internal auditor and management to review the adequacy of the internal control process and the results of the quarterly audit as per previously approved audit program for Sahacogen and subsidiary company. The scope of the review covered the effectiveness of the internal control process, the deficiencies and the follow up on the rectifications of the shortfalls. The risk management process was also reviewed with the internal auditor and management and found to be acceptable and effective. The audit committee also reviewed the quarterly performance prior to its presentation to the Board together with the internal audit results. Focus is made on the review of related transactions that are found to have been conducted at armûs length and to the benefit of the company. Additionally attention is paid to ensure that the financial statements are prepared in accordance with the generally accepted accounting principles, are transparent and with adequate disclosures to the shareholders and the public. The overall results of the internal audit for 2009 by the Dhammnitti has been consistently rated as above acceptable in all areas of inspection as per previously approved audit program. The audit committee also works closely with the internal auditor on the audit program and scope for the coming year to further strengthen the effectiveness and adequacy of the internal control process and management of risks. Additionally the audit committee also reviews the audited financial statements with the external auditor whose independence and qualifications are in accordance with the announcements of the SET on independent auditor. In this regard, the audit committee recommends that the Board consider the proposal to the shareholders to elect Ernst & Young as the companyûs independent auditor for 2010 at the fee of Baht 740,000 unchanged from the previous year.

Mr. Nophorn Bhongsvej Chairman of Audit Committee

5 This annual report is printed on Green Series paper made from 100% Eco Fiber

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1. 2. 3. 4. 5. 6.

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1. 2. 3. 4. 5. 6.

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μ”·Àπàß ª√–∏“π°√√¡°“√ °√√¡°“√ºŸ®â ¥— °“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Supplementary Information and Shareholding in Subsidiaries The investment and shareholding in subsidiaries of which their operations are significant and the company has held more than 10% of share. Name Type of Business Location Telephone No. Fax No. Registered Capital Type of Shares No. of Total Paid-up Shares No. of Shares held (shares) No. of Shares held (Amount Baht) Proportion (%) of Shares holding

Sahacogen Green Co., Ltd. Biomass Fired Power Plant 129 Moo 1, Nonsi, Kabinburi, Prachinburi 25110 66-3729-0244 66-3729-0245 250 Million Baht Common shares 25,000,000 24,999,993 249,999,930 99.99

Sahagreen Forest Co., Ltd. Biomass Fired Power Plant 91 Moo 8, Nonghuawua, Phran Kratai, Kamphaengphet 62110 66-5570-1246 66-5570-1246 5 Million Baht Common shares 500,000 374,997 3,749,970 75

The Board of Directors for Sahacogen Green Co., Ltd. as of December 31, 2009

1. 2. 3. 4. 5. 6.

Neme Mr. Boonkiet Mr. Sujarit Mr. Thirasak Mr. Viroj Mr. Tanong Mr. Atthakorn

Chokwatana Patchimnun Vikitset Theeravatvatee Srichit Glankwamdee

Position Chairman Director Director Managing Director Director Director

The Board of Directors for Sahagreen Forest Co., Ltd. as of December 31, 2009

1. 2. 3. 4. 5. 6.

Neme Mr. Sujarit Mr. Viroj Mr. Thirasak Mr. Atthakorn Mr. Joompot Ms. Panatri

Patchimnun Theeravatvatee Vikitset Glankwamdee Tanmani Julabparm

Position Chairman Managing Director Director Director Director Director

7 This annual report is printed on Green Series paper made from 100% Eco Fiber

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º≈°“√¥”‡π‘πß“π·≈–‚§√ß √â“ß√“¬‰¥â √ÿª√“¬ß“πº≈°”≈—ß°“√º≈‘μ ª√‘¡“≥°“√º≈‘μ ·≈–Õ—μ√“°”≈—ß°“√º≈‘μ‰øøÑ“·≈–‰ÕπÈ”„πªï 2552 ‰øøÑ“ °”≈—ß°“√º≈‘μμ‘¥μ—Èß (‡¡°–«—μμå) ª√‘¡“≥æ≈—ßß“π‰øøÑ“ Ÿß ÿ¥∑’Ë “¡“√∂º≈‘μ‰¥â (‡¡°–«—μμå-™—Ë«‚¡ß/ªï) ª√‘¡“≥æ≈—ßß“π‰øøÑ“∑’Ëº≈‘μÕÕ°®”Àπà“¬®√‘ß (‡¡°–«—μμå-™—Ë«‚¡ß/ªï) Õ—μ√“°“√„™âª√–‚¬™πå (√âÕ¬≈–) ‰ÕπÈ” °”≈—ß°“√º≈‘μμ‘¥μ—Èß (μ—πμàÕ™—Ë«‚¡ß) ª√‘¡“≥‰ÕπÈ” Ÿß ÿ¥∑’Ë “¡“√∂º≈‘μ‰¥â (μ—π/ªï) ª√‘¡“≥‰ÕπÈ”º≈‘μ·≈– àßÕÕ°®”Àπà“¬®√‘ß (μ—π/ªï) Õ—μ√“°“√„™âª√–‚¬™πå (√âÕ¬≈–)

ªï 2552 174 1,524,240 950,228 62.34

ªï 2551 174 1,528,416 974,744 63.77

ªï 2552 81 709,560 303,104 42.72

ªï 2551 81 711,504 302,127 42.46

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Nature of Business Sahacogen (Chonburi) Public Company Limited is a Small Power Producer (SPP) producing and distributing electricity and steam. The existing natural gas fired cogeneration combined cycle type, located in Sriracha Saha Group Industrial Park, Nongkharm, Sriracha, Chonburi province, is capable of producing 174 megawatts of electricity and 81 tons of steam per hour. Currently, the company supplies of 90 megawatts of electricity to the Electricity Generating Authority of Thailand (EGAT), and supplies electricity and steam to Saha Pattana Inter-Holding PCL, the sole distributor of electricity and steam to factories in Sriracha Saha Group Industrial Park. The steam distributed by Sahacogen Power Plant is produced by a highly efficient process, and suitable for substituting for the steam generated by boilers that use fuel oil, not only saving cost for the factories but also reducing green house gas that causes global warming. With regard to business development, the company has placed significant interest in the renewable energy development project to replace fossil energy source which is increasingly expensive. Therefore a subsidiary company, namely Sahacogen Green Co., Ltd., was established. The Lamphun Biomass to Energy Project, granted by local community and industrial permit at Lamphun Saha Group Industraial Park, will be completed and operational in the first quarter of 2011. Such project create sustainability and close participations of the community on providing and supplying agricultural residues to the power plant as well as benefit contributions from growing fast growing tree for sustainable fuel source.

Marketing and Competition Despite severe economic retardation in the first half of 2009, resulting in lower consumption of electricity and steam in the industry sector, the company kept the customers satisfied by providing good services and advices on efficient use of electricity and steam, thus reducing their costs. With the customersû satisfaction and trust, they continue to purchase electricity and steam from the company.

Performance Review and Revenue Structure As of 2009, its capacity and utilization are as following:Electricity Installed Capacity (megawatt) Maximum Capacity (megawatt-hour/year) Actual Production (megawatt-hour/year) Utilization Factor (percentage) Steam Installed Capacity (ton/hour) Maximum Capacity (ton/year) Actual Production (ton/year) Utilization Factor (percentage)

2009 174 1,524,240 950,228 62.34

2008 174 1,528,416 974,744 63.77

2009

2008 81 711,504 302,127 42.46

81 709,560 303,104 42.72

9 This annual report is printed on Green Series paper made from 100% Eco Fiber

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π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ ë ∫√‘…—∑ ∫√‘…—∑¡’π‚¬∫“¬®à“¬‡ß‘πªíπº≈„πÕ—μ√“‰¡àμË”°«à“√âÕ¬≈– 80 ¢Õß°”‰√ ÿ∑∏‘μ“¡ß∫°“√‡ß‘π‡©æ“–°‘®°“√ „π·μà≈–√Õ∫∫—≠™’ ∑—Èßπ’È§≥–°√√¡°“√∫√‘…—∑¡’Õ”π“®„π°“√æ‘®“√≥“¬°‡«âπ‰¡à¥”‡π‘π°“√μ“¡π‚¬∫“¬¥—ß°≈à“« À√◊Õ‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬¥—ß°≈à“«‰¥â ‡ªìπ§√—ßÈ §√“« ‚¥¬Õ¬Ÿ¿à “¬„μâ‡ß◊ÕË π‰¢∑’°Ë “√¥”‡π‘π°“√¥—ß°≈à“«®–μâÕß°àÕ„Àâ‡°‘¥ª√–‚¬™πå ßŸ ÿ¥μàÕºŸ∂â Õ◊ Àÿπâ ‡™àπ „™â‡ªìπ∑ÿπ ”√Õß ”À√—∫ °“√™”√–§◊π‡ß‘π°Ÿâ „™â‡ªìπ‡ß‘π≈ß∑ÿπ‡æ◊ËÕ¢¬“¬∏ÿ√°‘®¢Õß∫√‘…—∑ À√◊Õ°√≥’¡’°“√‡ª≈’Ë¬π·ª≈ß ¿“«–¢Õßμ≈“¥ ´÷ËßÕ“®¡’º≈°√–∑∫μàÕ °√–· ‡ß‘π ¥¢Õß∫√‘…—∑„πÕπ“§μ ‚¥¬°“√®à“¬‡ß‘πªíπº≈®–‡ªìπ‰ªμ“¡¢âÕ∫—ß§—∫¢Õß∫√‘…—∑¢âÕ 36 ‚¥¬¡’ “√– ”§—≠§◊Õ Àâ“¡®à“¬ ‡ß‘πªíπº≈®“°‡ß‘πª√–‡¿∑Õ◊πË πÕ°‡Àπ◊Õ®“°°”‰√ „π°√≥’∑∫’Ë √‘…∑— ¬—ß¡’¬Õ¥¢“¥∑ÿπ – ¡Õ¬Ÿà Àâ“¡¡‘„Àâ®“à ¬‡ß‘πªíπº≈ ‡¡◊ÕË §≥–°√√¡°“√ ∫√‘…—∑¡’¡μ‘‡ÀÁπ™Õ∫„Àâ®à“¬‡ß‘πªíπº≈ª√–®”ªï·≈â« ®–μâÕßπ”‡ πÕ¢ÕÕπÿ¡—μ‘μàÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‡«âπ·μà‡ªìπ°“√®à“¬‡ß‘πªíπº≈ √–À«à“ß°“≈ „Àâ§≥–°√√¡°“√∫√‘…—∑¡’Õ”π“®Õπÿ¡—μ‘„Àâ®à“¬‡ß‘πªíπº≈‰¥â ·≈â«„Àâ√“¬ß“π„Àâ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑√“∫„π°“√ª√–™ÿ¡ §√“«μàÕ‰ª ·≈–∫√‘…∑— ®–¥”‡π‘π°“√®à“¬‡ß‘πªíπº≈„Àâ°∫— ºŸ∂â Õ◊ Àÿπâ ¿“¬„πÀπ÷ßË (1) ‡¥◊Õππ—∫·μà«π— ∑’∑Ë ª’Ë √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ À√◊Õ§≥–°√√¡°“√ ≈ß¡μ‘·≈â« (∫√‘…—∑‰¥â‡ªî¥‡º¬√“¬≈–‡Õ’¬¥°“√®à“¬‡ß‘πªíπº≈√“¬ªï„π·∫∫ 56-1 À—«¢âÕ 8.3 ‡√◊ËÕßπ‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈)

ë 10

∫√‘…—∑¬àÕ¬ ”À√—∫π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…—∑¬àÕ¬π—Èπ ®–æ‘®“√≥“®“°º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑¬àÕ¬‡ªìπÀ≈—°

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

The company has the key earnings from electricity sale to EGAT, electricity and steam sale to industrial users in Sriracha Saha Group Industrial Park. In 2009, the total operation income decreased to Baht 6.88 million due to decrease of the revenues from selling steam to the industrial park. (Unit: Million Baht) Product 2009 2008 2007 Revenue % Revenue % Revenue % Operating Income - Electricity (EGAT) 1,813.96 59.55 1,796.04 58.73 1,646.50 58.54 - Electricity (Industrial Park) 957.00 31.41 921.20 30.12 902.18 32.07 - Steam (Industrial Park) 270.90 8.89 331.50 10.84 257.56 9.16 Total Operating Income 3,041.86 99.85 3,048.74 99.69 2,806.24 99.77 Other Income 4.46 0.15 9.46 0.31 6.50 0.23 Total Revenue 3,046.32 100 3,058.20 100 2,812.74 100.00

Summary of Business Development in 2009 ë

Kabinburi Biomass to Energy Project The company purchases agricultural residues from local communities for biomass energy source. This helps the company build a good relationship with the communities and improve peopleûs attitude and understanding toward biomass power generation that will be beneficial for getting the local approval in the 3rd quarter of 2010.

Lamphun Biomass to Energy Project The Project has been on construction since July 2009 and shall commercially operate in March 2011 as scheduled.

Joint Development The company formed a joint-venture with Siam Forestry Co. Ltd., a paper business subsidiary of the Siam Cement Group to establish Sahagreen Forest Co. Ltd. A feasibility study on power generation from eucalyptus residues from pulp factory was conducted in Amphor Prankratai, Kampanphet. The project was approved by the local communities. The joint-venture will be finalized and the application for Energy Industry Operation License will be submitted for approval in the 2nd quarter of 2010.

Dividend Policy ë Sahacogen (Chonburi) PCL The company has a dividend policy to pay out at least 80% of only its net profits in each accounting period. It might occasionally be waived or adjusted if the Board of Directors considers that there are conditions creating the maximum benefit to the shareholders, such as reserves for debt services or for serving any needs during the market changes causing adverse impact to the company cash flow in the future and/or for expanding the business. Upon approval by the Board of Directors, the annual dividend payout is to be presented to the shareholdersû meeting for approval. Reference to the Articles of Association No. 36, each payout of the dividend is subject to the net profit of the company only. If the company retains loss, the dividend payment is prohibited. The Board of Directors is authorized to pay an interim dividend and report such payout at the next shareholdersû meeting, however, the annual dividend payment shall be proposed to the shareholdersû meeting for approval. As a rule, the company shall pay the dividend within one (1) month after the date of shareholdersû approval on the shareholdersû meeting or the Board of Directorsû meeting. (Details of dividend payment was disclosed on the annual statement (Form 56-1) on the section 8.3 the dividend payment policy)

Subsidiary Company A subsidiary company is entitled to make the dividend payment subject to its operation performance. This annual report is printed on Green Series paper made from 100% Eco Fiber

‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ ‚§√ß √â“ßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ √“¬°“√

Àÿâπ (≈â“π) 955 955

∑ÿπ®¥∑–‡∫’¬π ∑ÿπ™”√–·≈â«

∫“∑ (≈â“π) 955 955

√“¬™◊ËÕºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 Õ—π¥—∫·√° ≥ «—πªî¥ ¡ÿ¥∑–‡∫’¬πæ—°°“√‚ÕπÀÿâπ‡¡◊ËÕ«—π∑’Ë 12 æƒ…¿“§¡ 2552 ºŸâ∂◊ÕÀÿâπ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

®”π«πÀÿâπ 147,697,030 133,306,260 99,432,960 81,599,500 69,624,730 39,896,600 32,800,000 24,600,000 21,400,000 20,500,000

∫¡®. Àæ—≤π“ Õ‘π‡μÕ√å‚Œ≈¥‘Èß ∫¡®. ‡Õ ·Õπ¥å‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å ∫¡®. ‰Õ.´’.´’. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ π“¬«’√æ—≤πå æŸπ»—°¥‘ÏÕÿ¥¡ ‘π ∫¡®. Àæ—≤πæ‘∫Ÿ≈ π“¬ ”‡√‘ß ¡πŸ≠º≈ ∫¡®. ‰∑¬«“‚°â π“ß “«¿“«‘≥’ æŸπ»—°¥‘ÏÕÿ¥¡ ‘π ∫®. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ·≈∫∫Õ√“∑Õ√’ å ∫®. ·™¡ªá‡Õ™

% ∑’Ë∂◊ÕÀÿâπ 15.47% 13.96% 10.41% 8.54% 7.29% 4.18% 3.44% 2.58% 2.24% 2.15%

°“√°√–®“¬°“√∂◊ÕÀÿâπμ“¡ª√–‡¿∑¢Õß∫ÿ§§≈∑’Ë∂◊Õ ≥ «—πªî¥ ¡ÿ¥∑–‡∫’¬πæ—°°“√‚ÕπÀÿâπ‡¡◊ËÕ«—π∑’Ë 12 æƒ…¿“§¡ 2552

π‘μ∫‘ §ÿ §≈

∫ÿ§§≈∏√√¡¥“

—≠™“μ‘‰∑¬ —≠™“μ‘μà“ß¥â“« √«¡ —≠™“μ‘‰∑¬ —≠™“μ‘μà“ß¥â“« √«¡ √«¡∑—Èß ‘Èπ

®”π«πºŸâ∂◊ÕÀÿâπ

®”π«πÀÿâπ

√âÕ¬≈–

38 2 40 1,129 3 1,132 1,172

645,734,980 9,550,000 655,284,980 299,602,020 113,000 299,715,020 955,000,000

67.62 1.00 68.62 31.37 0.01 31.38 100

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Shareholders and Management Structure Equity Structure Item Registered Capital Paid-up Capital

Share ( in millions) Value (million Baht) 955 955 955 955

Top Ten of Shareholders as the close of share register on May 12, 2009. Shareholders 1. Saha Pattana Inter-Holding PCL 2. S&J International Enterprises PCL 3. I.C.C. International PCL 4. Mr. Veerapat Punsak-Udomsin 5. Saha Pathanapibul PCL 6. Mr. Samreng Manupol 7. Thai Wacoal PCL 8. Ms. Pavinee Punsak-Udomsin 9. International Laboratories Co., Ltd. 10. Champ Ace Co., Ltd.

No. of Shares 147,697,030 133,306,260 99,432,960 81,599,500 69,624,730 39,896,600 32,800,000 24,600,000 21,400,000 20,500,000

% Holder 15.47 13.96 10.41 8.54 7.29 4.18 3.44 2.58 2.24 2.15

Types of Shareholders as the close of share register on May 12, 2009.

Juristic person

General public

Thai Foreigner Total Thai Foreigner Total Grand Total

No. of Shareholders No. of Shares 38 645,734,980 2 9,550,000 40 655,284,980 1,129 299,602,020 3 113,000 1,132 307,973,220 1,172 955,000,000

% 67.62 1.00 68.62 31.37 0.01 32.25 100

13 This annual report is printed on Green Series paper made from 100% Eco Fiber

°“√∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π ∫√‘…—∑œ ¡’ ‚§√ß √â“ß°“√∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π ·μà°“√∂◊ÕÀÿâπ‰¢«â¥—ß°≈à“«‰¡à¡’≈—°…≥–‡ªìπ°“√∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π∑’Ë¢—¥À√◊Õ ·¬âß°—∫À≈—°‡°≥±å μ“¡ª√–°“»§≥–°√√¡°“√°”°—∫μ≈“¥∑ÿπ ∑’Ë ∑®.28/2551 ‡√◊ËÕß °“√¢ÕÕπÿ≠“μ·≈–°“√Õπÿ≠“μ„Àâ‡ πÕ¢“¬Àÿâπ∑’Ë ÕÕ°„À¡à ¢âÕ 14

°“√∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ™◊ËÕ∫√‘…—∑ 1. °√≥’°“√∂◊ÕÀÿâπ‡°‘π°«à“ 50% (°) ∫√‘…—∑Õ◊Ëπ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑œ ‡°‘π°«à“ 50% ∫√‘…—∑œ μâÕß‰¡à∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑Õ◊Ëπ (¢) ∫√‘…—∑œ ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑Õ◊Ëπ ‡°‘π°«à“ 50% ∫√‘…—∑Õ◊ËπμâÕß‰¡à∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑œ 1. ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ 2. ∫√‘…—∑ À°√’π øÕ‡√ ∑å ®”°—¥ (§) ∫√‘…—∑œ ‡ªìπºŸâ∂◊ÕÀÿâπ‡°‘π°«à“ 50% „π∫√‘…—∑Õ◊Ëπ μ—Èß·μà 2 ∫√‘…—∑¢÷Èπ‰ª∫√‘…—∑Õ◊Ëπ‡À≈à“π—Èπ μâÕß‰¡à∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π 2. °√≥’°“√∂◊ÕÀÿâπ‡°‘π°«à“ 25% ·μà‰¡à‡°‘π°«à“ 50 % (°) ∫√‘…—∑Õ◊Ëπ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑œ ‡°‘π°«à“ 25% ·μà‰¡à‡°‘π°«à“ 50% ∫√‘…—∑œ μâÕß‰¡à ∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑Õ◊Ëπ‡°‘π°«à“ 10% (¢) ∫√‘…—∑œ ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑Õ◊Ëπ‡°‘π°«à“ 25% ·μà‰¡à‡°‘π°«à“ 50% ∫√‘…—∑Õ◊ËπμâÕß‰¡à ∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑œ ‡°‘π°«à“ 10% 3. °√≥’°“√∂◊ÕÀÿâπ‰¡à‡°‘π°«à“ 25%* (°) ∫√‘…—∑Õ◊Ëπ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑œ ‰¡à‡°‘π°«à“ 25% ∫√‘…—∑œ μâÕß‰¡à∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑Õ◊Ëπ‡°‘π°«à“ 25% (¢) ∫√‘…—∑œ ‡ªìπºŸâ∂◊ÕÀÿâπ„π∫√‘…—∑Õ◊Ëπ‰¡à‡°‘π°«à“ 25% ∫√‘…—∑Õ’ËπμâÕß‰¡à∂◊ÕÀÿâπ‰¢«â „π∫√‘…—∑œ ‡°‘π°«à“ 25%

À¡“¬‡Àμÿ : * · ¥ß√“¬°“√‡©æ“–∫√‘…—∑∑’Ë¡’°“√∂◊ÕÀÿâπ‰¢«â√–À«à“ß°—π

‚§√ß √â“ß°“√®—¥°“√Õß§å°√ ‚§√ß √â“ß°“√®—¥°“√Õß§å°√¢Õß∫√‘…—∑ ≥ 31 ∏—π«“§¡ 2552 √ÿª‰¥â¥—ßπ’È

—¥ à«π°“√∂◊ÕÀÿâπ (%) ∫√‘…—∑œ ∫√‘…—∑Õ◊Ëπ ∂◊ÕÀÿπâ ∫√‘…∑— Õ◊πË ∂◊ÕÀÿπâ ∫√‘…∑— œ -

99.99 75.00 -

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Cross-shareholding While the company allows the structure for cross-shareholding, nevertheless, such cross-shareholding is not of the nature conflicting with nor contradicting to the announcement by The Capital Market Supervisory Board no. Thor Chor 28/2008 regarding çthe permission request and the permission to offer newly-issued sharesé no. 14

Cross-shareholding details as of December 31, 2009 Company name 1. In the case of over 50% shareholding (A) Other companies holding over 50% shares in the company Cross-shareholding by the company in other companies is not allowed. (B) The company holding over 50% shares in other companies Cross-shareholding by other companies in the company is not allowed. 1. Sahacogen Green Co., Ltd. 2. Sahagreen Forest Co., Ltd. (C) The company holding over 50% shares in 2 other companies and over Cross- shareholding between other such companies is not allowed. 2. In the case of over 25% shareholding, but not exceeding 50% shareholding (A) Other companies holding over 25% but not exceeding 50% shares in the company Over 10% cross-shareholding by the company in other companies is not allowed. (B) The company holding over 25% but not exceeding 50% shares in other companies Over 10% cross-shareholding by other companies in the company is not allowed. 3. In the case of not exceeding 25% shareholding* (A) Other companies holding not exceeding 25% shares in the company Over 25% shareholding by the company in other companies is not allowed. (B) The company holding not exceeding 25% shares in other companies Over 25% shareholding by other companies in the company is not allowed.

Shareholding Percentage Shareholding Shareholding by the company in the company -

99.99 75.00

Remark : * Only items showing cross-shareholding by the companies are displayed.

The company Structure The companyûs structure as of December 31, 2009 is as follow:

15 This annual report is printed on Green Series paper made from 100% Eco Fiber

§≥–°√√¡°“√ ‚§√ß √â“ß°√√¡°“√∫√‘…∑— ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ª√–°Õ∫¥â«¬§≥–°√√¡°“√∫√‘…∑— §≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π ·≈–§≥–°√√¡°“√∫√‘À“√ ‚¥¬§≥–°√√¡°“√∫√‘…∑— μ“¡∑’ªË √“°Ø™◊ÕË „πÀπ—ß ◊Õ√—∫√Õß¢Õß°√–∑√«ßæ“≥‘™¬å ¡’°√√¡°“√√«¡∑—Èß ‘Èπ®”π«π 14 ∑à“π ª√–°Õ∫¥â«¬ °√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ 9 ∑à“π (‡ªìπ°√√¡°“√∑’Ë‡ªìπÕ‘ √– 5∑à“π) ´÷Ëß‡°‘π°«à“ °÷ËßÀπ÷Ëß¢Õß°√√¡°“√∑—Èß§≥– °√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 5 ∑à“π ‚¥¬¡’√“¬π“¡·≈–√“¬ß“π°“√∂◊ÕÀÿâπ∫√‘…—∑¢Õß°√√¡°“√ „πªï 2551 ·≈– ªï 2552 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ¥—ßπ’È

≈”¥—∫

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π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“

π“¬∫ÿ≥¬ ‘∑∏‘Ï ‚™§«—≤π“ π“¬ —πμ‘ «‘≈“ »—°¥“ππ∑å π“¬∫ÿ≠ƒ∑∏‘Ï ¡À“¡πμ√’ π“¬∏’√–»—°¥‘Ï «‘°‘μ‡»√…∞å

3 4 5

π“¬∑πß »√’®μ‘ √å 7 π“¬Õ—μ∂°√ °≈—Ëπ§«“¡¥’ 8 π“¬«‘‚√®πå ∏’√«—≤πå«“∑’ 9 π“¬ ÿ®√‘μ ªí®©‘¡π—π∑å 10 π“¬πææ√ æß…å‡«™

11 æ≈μ”√«®‡Õ° ¡™“¬ ª√–¿— ¿—°¥’ 12 π“¬Õ¡√ Õ—»«“π—π∑å 13 π“¬ ÿ√ß§å Õß§å‚¶…‘μ 14 π“¬π‘«μ— √ æ—≤π‡ ¡“°ÿ≈

μ”·Àπàß ª√–∏“π°√√¡°“√, ª√–∏“π°√√¡°“√ √√À“ ·≈–°”Àπ¥§à“μÕ∫·∑π °√√¡°“√

16,500,000 16,500,000

- §√∫«“√–‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 52 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ‡¡.¬. 52 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 50 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 6 ¡’.§. 50 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 52 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ‡¡.¬. 52 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 52 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ‡¡.¬. 52

°√√¡°“√

310,000

°√√¡°“√

50,000

°√√¡°“√, ª√–∏“π°√√¡°“√ ∫√‘À“√·≈–°√√¡°“√ √√À“ ·≈–°”Àπ¥§à“μÕ∫·∑π °√√¡°“√·≈– °√√¡°“√∫√‘À“√ °√√¡°“√·≈– °√√¡°“√∫√‘À“√ °√√¡°“√ºŸ®â ¥— °“√·≈– °√√¡°“√∫√‘À“√ °√√¡°“√·≈– °√√¡°“√∫√‘À“√ °√√¡°“√Õ‘ √–·≈– ª√–∏“π°√√¡°“√μ√«® Õ∫ ·≈–°√√¡°“√ √√À“·≈– °”Àπ¥§à“μÕ∫·∑π °√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫

200,000

- §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 51 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ¡’.§. 51

°√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫

‡≈¢“πÿ°“√∫√‘…—∑ : π“ßæ√√≥’ ©—π∑«√≈—°…≥å

§≥–°√√¡°“√ §≥– §≥– §≥– √√À“·≈– ®”π«πÀÿâπ ®”π«πÀÿâπ °√√¡°“√ °√√¡°“√ °√√¡°“√ °”Àπ¥§à“ ªï ªï (‡æ‘Ë¡/≈¥) À¡“¬‡Àμÿ ∫√‘…∑— ∫√‘À“√ μ√«® Õ∫ μÕ∫·∑π 2551 2552 √–À«à“ßªï / / 11,313,410 11,353,410 10,000 §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 49 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 29 ¡’.§. 49

2,040,000 2,040,000

1,000,000 1,000,000 -

1,700,000

- §√∫«“√–‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 52 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ‡¡.¬. 52 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 50 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 6 ¡’.§. 50 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 50 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 6 ¡’.§. 50 - √—∫μ”·Àπàß‡¡◊ËÕ«—π∑’Ë 28 ¡’π“§¡ 51

- §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 51 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ¡’.§. 51 - §√∫«“√–‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 51 ·μàßμ—Èß„À¡à‡¡◊ËÕ«—π∑’Ë 28 ¡’.§. 51 - √—∫μ”·Àπàß‡¡◊ËÕ«—π∑’Ë 28 ‡¡…“¬π 52

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Board of Directors The company structure of the Board of Directors as of December 31, 2009 consisted of Board of Directors, Executive Committee, and Audit Committee, totally 14 directors as reported in the Ministry of Commerceûs certification, which appointed by the shareholders, which are composed of 9 non-management directors (5 of whom were independent, which exceeded half of the entire Board), and 5 management directors as listed following, including the details of each directorsû share holding in 2008 and 2009 as of December 31, 2009:

No.

Name

Mr. Boonkiet Chokwatana

Mr. Boonsithi Chokwatana Mr. Santi Vilassakdanont Mr. Boonyarith Mahamontri Mr. Thirasak Vikitset

3 4 5

Mr. Tanong Srichit 7 Mr. Atthakorn Glankwamdee 8 Mr. Viroj Theeravatvatee 9 Mr. Sujarit Patchimnun 10 Mr. Nophorn Bhongsvej

11 Pol. Gen. Somchai Prabhasabhakdi 12 Mr. Amorn Asvanunt 13 Mr. Surong Ongkosit 14 Mr. Niwat Patanasemakul

Board Executive Audit Nomination (No. of Shares) Share Position of Committee Committee and Year Year Increment Note Directors 2008 2009 Chairman & Chairman of / 11,363,410 11,353,410 10,000 Reappointed to another the Nomination and term on April 28, 2009 Remuneration Committee Director / 16,500,000 16,500,000 - Reappointed to another term on April 28, 2009 Director / 310,000 310,000 - Reappointed to another term on March 6, 2007 Director / 50,000 50,000 - Reappointed to another term on April 28, 2009 Director & Chairman / / / 2,040,000 2,040,000 - Reappointed to another of Executive Committees term on April 28, 2009 & Nomination and Remuneration Director Director & Executive / / - Reappointed to another Committee term on April 28, 2009 Director & Executive / / 200,000 200,000 - Reappointed to another Committee term on March 6, 2007 Managing Director & / / - Reappointed to another Executive Committee term on March 6, 2007 Director & Executive / / - Appointed on March 28, 2008 Committee Independent Director / / / - Reappointed to another & Chairman of the term on March 28, 2008 Audit Committee & Nomination and Remuneration Director Independent Director / / - Reappointed to another & Audit Committee term on March 28, 2008 Independent Director & Audit Committee Independent Director & Audit Committee Independent Director & Audit Committee

1,000,000 1,000,000 -

1,700,000 1,700,000

- Reappointed to another term on March 28, 2008 - Reappointed to another term on March 28, 2008 - Reappointed to another term on March 28, 2008

Company Secretary : Mrs. Pannee Chantavaraluk

17 This annual report is printed on Green Series paper made from 100% Eco Fiber

¢Õ∫‡¢μÕ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√ Õ”π“®¢Õß§≥–°√√¡°“√∫√‘…—∑ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

·μàßμ—Èß ∂Õ¥∂Õπ ¡Õ∫Õ”π“®Àπâ“∑’Ë„Àâ·°à∑’Ëª√÷°…“§≥–°√√¡°“√∫√‘…—∑ ·≈–/À√◊Õ§≥–°√√¡°“√Õ◊Ëπ„¥‰ªªØ‘∫—μ‘ Õπÿ¡μ— °‘ “√„Àâ°¬Ÿâ ¡◊ ‡ß‘π·°à∫√‘…∑— ∑’¡Ë §’ «“¡ —¡æ—π∏å∑“ß∏ÿ√°‘®°—∫∫√‘…∑— „π∞“π–ºŸ∂â Õ◊ Àÿπâ À√◊Õ∫√‘…∑— ∑’¡Ë °’ “√ª√–°Õ∫∏ÿ√°‘®∑“ß°“√§â“μàÕ°—π À√◊Õ∫√‘…—∑Õ◊Ëπ Õπÿ¡μ— °‘ “√‡¢â“§È”ª√–°—π«ß‡ß‘π ‘π‡™◊ÕË ·°à∫√‘…∑— ∑’¡Ë §’ «“¡ —¡æ—π∏å∑“ß∏ÿ√°‘®°—∫∫√‘…∑— „π∞“π–ºŸ∂â Õ◊ Àÿπâ À√◊Õ∫√‘…∑— ∑’¡Ë °’ “√ª√–°Õ∫∏ÿ√°‘® ∑“ß°“√§â“μàÕ°—πÀ√◊Õ∫√‘…—∑Õ◊Ëπ Õπÿ¡—μ‘°“√‡¢â“∑”π‘μ‘°√√¡∑’Ë¡‘„™à∏ÿ√°√√¡∑“ß°“√‡ß‘π„π«ß‡ß‘π à«π∑’Ë‡°‘πÕ”π“®§≥–°√√¡°“√∫√‘À“√ Õπÿ¡μ— ‘°“√‰¥â√—∫À√◊Õ¬°‡≈‘°«ß‡ß‘π ‘π‡™◊ËÕ Õπÿ¡—μ‘°“√≈ß∑ÿπ ¢“¬‡ß‘π≈ß∑ÿπ„πÀÿâπ “¡—≠·≈–/À√◊ÕÀ≈—°∑√—æ¬åÕ◊Ëπ„¥ „π«ß‡ß‘π à«π∑’Ë‡°‘πÕ”π“®§≥–°√√¡°“√∫√‘À“√ Õπÿ¡—μ‘°“√®—¥À“·≈–≈ß∑ÿπ„π ‘π∑√—æ¬å∂“«√„π«ß‡ß‘π à«π∑’Ë‡°‘πÕ”π“®§≥–°√√¡°“√∫√‘À“√ Õπÿ¡—μ‘°“√ª√—∫ ¿“æ ∑”≈“¬ μ—¥∫—≠™’ ´÷Ëß ‘π∑√—æ¬å∂“«√·≈– ‘π∑√—æ¬å∑’Ë ‰¡à¡’μ—«μπ∑’Ë‡≈‘°„™â ™”√ÿ¥ Ÿ≠À“¬ ∂Ÿ°∑”≈“¬ ‡ ◊ËÕ¡ ¿“æ À√◊Õ≈â“ ¡—¬‰¡à “¡“√∂„™âß“π‰¥â ¡’¡Ÿ≈§à“∑“ß∫—≠™’√«¡„π«ß‡ß‘π à«π∑’Ë‡°‘πÕ”π“®§≥–°√√¡°“√∫√‘À“√ Õπÿ¡—μ‘°“√ª√—∫ ¿“æ√“§“ °“√∑”≈“¬ ´÷Ëß«— ¥ÿ Õ–‰À≈à Õÿª°√≥å ·≈–/À√◊Õ ‘π§â“§ß‡À≈◊Õ∑’Ë‡ ◊ËÕ¡ ¿“æ À√◊Õ≈â“ ¡—¬ ´÷Ëß®–∑”„Àâ¡’ ¡Ÿ≈§à“∑“ß∫—≠™’≈¥≈ß‰¥âμ“¡¡Ÿ≈§à“∑’Ë‡°‘¥¢÷Èπ®√‘ß ‡ πÕ°“√‡æ‘Ë¡∑ÿπ À√◊Õ≈¥∑ÿπ À√◊Õ°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“Àÿâπ °“√·°â ‰¢ ‡ª≈’Ë¬π·ª≈ßÀπ—ß ◊Õ∫√‘§≥Àå π∏‘ ¢âÕ∫—ß§—∫ ·≈–/À√◊Õ «—μ∂ÿª√– ß§å¢Õß∫√‘…—∑μàÕºŸâ∂◊ÕÀÿâπ Õπÿ¡—μ‘°“√°àÕμ—Èß §«∫√«¡ À√◊Õ‡≈‘°∫√‘…—∑¬àÕ¬ ¡Õ∫Õ”π“®„Àâ·°àΩÉ“¬®—¥°“√ æπ—°ß“π√–¥—∫∫√‘À“√¢Õß∫√‘…—∑ À√◊Õ∫ÿ§§≈Õ◊Ëπ„¥∑”°“√·∑π‰¥â ¿“¬„μâ√–‡∫’¬∫∑’Ë§≥–°√√¡°“√∫√‘…—∑ ‰¥â°”Àπ¥‰«â ¡’Õ”π“®‡™‘≠ΩÉ“¬®—¥°“√ ºŸâ∫√‘À“√ ·≈–æπ—°ß“π¢Õß∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß¡“™’È·®ß „Àâ§«“¡‡ÀÁπ√à«¡ª√–™ÿ¡ À√◊Õ àß‡Õ° “√μ“¡∑’Ë‡ÀÁπ «à“‡°’Ë¬«¢âÕß®”‡ªìπ ª√÷°…“ºŸ‡â ™’¬Ë «™“≠ À√◊Õ ∑’ªË √÷°…“¢Õß∫√‘…∑— (∂â“¡’) À√◊Õ ®â“ß∑’ªË √÷°…“ À√◊ÕºŸ‡â ™’¬Ë «™“≠¿“¬πÕ° „π°√≥’®”‡ªìπ¥â«¬§à“„™â®“à ¬¢Õß∫√‘…∑— ·μàßμ—Èß·≈–∂Õ¥∂Õπ‡≈¢“πÿ°“√∫√‘…—∑

¢Õ∫‡¢μÕ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√∫√‘…∑— ‰¥âÕπÿ¡μ— ®‘ ¥— μ—ßÈ §≥–°√√¡°“√μ√«® Õ∫ ‚¥¬‰¥â·μàßμ—ßÈ ®“°°√√¡°“√∫√‘…∑— ∑’¡Ë §’ ≥ ÿ ¡∫—μμ‘ “¡∑’°Ë ÆÀ¡“¬À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å°”Àπ¥ ‚¥¬¡’®”π«πÕ¬à“ßπâÕ¬ 3 §π ·≈–μâÕß¡’§«“¡√Ÿâ¥â“π∫—≠™’·≈–°“√‡ß‘πÕ¬à“ßπâÕ¬ 1 §π ‚¥¬„Àâ¡’Õ”π“® Àπâ“∑’Ë§«“¡√—∫º‘¥¢Õ∫ ¥—ßπ’È 1 Õ∫∑“π„Àâ∫√‘…—∑¡’√“¬ß“π∑“ß°“√‡ß‘πÕ¬à“ß∂Ÿ°μâÕß·≈–‡æ’¬ßæÕ 2 Õ∫∑“π„Àâ∫√‘…—∑¡’√–∫∫§«∫§ÿ¡¿“¬„π (internal control) ·≈–√–∫∫°“√μ√«® Õ∫¿“¬„π (internal audit) ∑’Ë‡À¡“– ¡·≈–¡’ ª√– ‘∑∏‘º≈ ·≈–æ‘®“√≥“§«“¡‡ªìπÕ‘ √–¢ÕßÀπà«¬ß“πμ√«® Õ∫¿“¬„π μ≈Õ¥®π„Àâ§«“¡‡ÀÁπ™Õ∫„π°“√æ‘®“√≥“ ·μàßμ—Èß ‚¬°¬â“¬ ‡≈‘°®â“ßÀ—«Àπâ“μ√«® Õ∫¿“¬„π À√◊Õ Àπà«¬ß“πÕ◊Ëπ„¥∑’Ë√—∫º‘¥™Õ∫‡°’Ë¬«°—∫°“√μ√«® Õ∫¿“¬„π 3 Õ∫∑“π„Àâ∫√‘…—∑ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ¢âÕ°”Àπ¥¢Õß μ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬ ·≈–°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ 4 æ‘®“√≥“ §—¥‡≈◊Õ° ‡ πÕ·μàßμ—Èß∫ÿ§§≈´÷Ëß¡’§«“¡‡ªìπÕ‘ √– ‡æ◊ËÕ∑”Àπâ“∑’Ë‡ªìπºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ ·≈–‡ πÕ§à“μÕ∫·∑π¢Õß∫ÿ§§≈ ¥—ß°≈à“« √«¡∑—Èß‡¢â“√à«¡ª√–™ÿ¡°—∫ºŸâ Õ∫∫—≠™’ ‚¥¬‰¡à¡’ΩÉ“¬®—¥°“√‡¢â“√à«¡ª√–™ÿ¡¥â«¬Õ¬à“ßπâÕ¬ªï≈– 1 §√—Èß 5 æ‘®“√≥“√“¬°“√∑’Ë‡°’Ë¬«‚¬ß À√◊Õ√“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå „Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬ ·≈–¢âÕ°”Àπ¥¢Õßμ≈“¥ À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬∑—Èßπ’È‡æ◊ËÕ„Àâ¡—Ëπ„®«à“√“¬°“√¥—ß°≈à“« ¡‡Àμÿ ¡º≈·≈–‡ªìπª√–‚¬™πå Ÿß ÿ¥μàÕ∫√‘…—∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

The authority of the Board is defined as follows: Authorities and Responsibilities of the Board of Directors 1. 2. 3. 4. 5. 6. 7. 8.

9. 10. 11. 12. 13. 14. 15.

To appoint, remove and authorize consultants to the Board of Directors, to committees and/or to other committees; To approve loans to companies with abusiness relation to the company as shareholders, or to companies with a trading relation or other companies; To approve guarantee of loans to companies with a bussiness relation with the company as shareholders or to companies with a trading relation or other companies; To approve engagement in a legal act, which is not a financial transaction, of the amount greater than the authority of the Executive Board; To approve acceptance or cancellation of loans; To approve investment, sale of investment capital in ordinary shares and/or any other securities of the amount greater than the authority of the Executive Board; To approve sourcing and investment in fixed assets of the amount greater than the authority of the Executive Board; To approve modification, destruction and disposal of fixed assets and intangible assets which are no longer in use, damaged, lost, destroyed, deteriorated and out of date, which are of the amount greater than the authority of the Executive Board; To approve modification, change of price and destruction of raw materials and/or remaining inventories which are deteriorated or out of date; To propose to shareholders an increase or a decrease of capital, a change of share value; modification of articles of association, regulations and/or objectives of the company; To approve incorporation, merger or dissolution of subsidiaries; To authorize the management, managerial employees of the company, or any other individual to act on their behalf under the company regulations; To invite members of the management, executives, or relevant employees to provide explanations, opinions or documents as necessary; To consult with specialists or company consultants (if any) or hire third-party consultants or specialists if necessary at the expense of the company; To appoint and remove a company secretary;

Authorities and Responsibilities of Audit Committee The Board of Directors has approved the appointment of the Audit Committee with the qualifications specified under the conditions of the Securities and Exchange of Thailand. Such the committee must consist of at least three independent directors and at least one director must be qualified in accounting and finance. The scope of authorities and responsibility of the Audit Committee are as follows: 1. Review that the companyûs financial statements are correct and sufficient; 2. Review that the companyûs internal control system and internal audit system are sufficient and effective, review the sufficient independence of the Office of Internal Audit, and provide opinions for the appointment, transfer, and promotion of heads of the Office of Internal Audit or other offices with responsibilities for internal audit activities; 3. Review that the companyûs operation conforms to laws on securities and exchange, requirements of the Stock Exchange of Thailand and any other laws relating to the companyûs business; 4. Review, select, nominate for approval for the persons with independence of performing the duties of external auditors for the company, propose the remuneration of such external auditors, and jointly attend the meeting with the external auditors, at least once a year, without the presence of the companyûs management; 5. Review any connected transaction or transactions with potential conflict of interest to be in compliance with laws and requirements of the Stock Exchange of Thailand in order to ensure that such transactions are reasonable and provide the best benefits for the company; 19 This annual report is printed on Green Series paper made from 100% Eco Fiber

®—¥∑”√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ‚¥¬‡ªî¥‡º¬‰«â „π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑ ´÷Ëß√“¬ß“π¥—ß°≈à“«μâÕß ≈ßπ“¡‚¥¬ ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ ·≈–μâÕßª√–°Õ∫¥â«¬¢âÕ¡Ÿ≈Õ¬à“ßπâÕ¬¥—ßμàÕ‰ªπ’È (°) §«“¡‡ÀÁπ‡°’Ë¬«°—∫§«“¡∂Ÿ°μâÕß §√∫∂â«π ‡ªìπ∑’Ë‡™◊ËÕ∂◊Õ‰¥â¢Õß√“¬ß“π∑“ß°“√‡ß‘π¢Õß∫√‘…—∑ (¢) §«“¡‡ÀÁπ‡°’Ë¬«°—∫§«“¡‡æ’¬ßæÕ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑ (§) §«“¡‡ÀÁπ‡°’¬Ë «°—∫°“√ªØ‘∫μ— μ‘ “¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å¢Õâ °”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ À√◊Õ°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ (ß) §«“¡‡ÀÁπ‡°’Ë¬«°—∫§«“¡‡À¡“– ¡°—∫ºŸâ Õ∫∫—≠™’ (®) §«“¡‡ÀÁπ‡°’Ë¬«°—∫√“¬ß“π∑’ËÕ“®¡’§«“¡¢—¥·¬âß°—∫º≈ª√–‚¬™πå (©) ®”π«π°“√ª√–™ÿ¡§≥–°√√¡°“√μ√«® Õ∫ ·≈–°“√‡¢â“√à«¡ª√–™ÿ¡¢Õß°√√¡°“√μ√«® Õ∫·μà≈–∑à“π (™) §«“¡‡ÀÁπÀ√◊Õ¢âÕ —ß‡°μ‚¥¬√«¡∑’Ë§≥–°√√¡°“√μ√«® Õ∫‰¥â√—∫®“°°“√ªØ‘∫—μ‘Àπâ“∑’Ëμ“¡°Æ∫—μ√ (charter) (´) √“¬°“√Õ◊Ëπ∑’Ë‡ÀÁπ«à“ºŸâ∂◊ÕÀÿâπ·≈–ºŸâ≈ß∑ÿπ∑—Ë«‰ª§«√∑√“∫ ¿“¬„μâ¢Õ∫‡¢μÀπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫∑’Ë ‰¥â√—∫¡Õ∫À¡“¬®“° §≥–°√√¡°“√∫√‘…∑— 7 „π°“√ªØ‘∫—μ‘Àπâ“∑’Ë¢Õß§≥–°√√¡°“√μ√«® Õ∫ À“°æ∫À√◊Õ¡’¢âÕ ß —¬«à“¡’√“¬°“√À√◊Õ°“√°√–∑”¥—ßμàÕ‰ªπ’È ´÷ËßÕ“®¡’º≈°√–∑∫ Õ¬à“ß¡’π—¬ ”§—≠μàÕ∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ „Àâ§≥–°√√¡°“√μ√«® Õ∫√“¬ß“πμàÕ§≥–°√√¡°“√∫√‘…—∑ ‡æ◊ËÕ¥”‡π‘π°“√ª√—∫ª√ÿß·°â ‰¢¿“¬„π‡«≈“∑’Ë§≥–°√√¡°“√μ√«® Õ∫‡ÀÁπ ¡§«√ (°) √“¬°“√∑’Ë‡°‘¥§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå (¢) °“√∑ÿ®√‘μÀ√◊Õ ‘Ëßº‘¥ª°μ‘À√◊Õ¡’§«“¡∫°æ√àÕß∑’Ë ”§—≠„π√–∫∫§«∫§ÿ¡¿“¬„π (§) °“√ΩÉ“Ωóπ°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬À√◊Õ°ÆÀ¡“¬ ∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ À“°§≥–°√√¡°“√¢Õß∫√‘…—∑À√◊ÕºŸâ∫√‘À“√ ‰¡à¥”‡π‘π°“√„Àâ¡’°“√ª√—∫ª√ÿß·°â ‰¢¿“¬„π√–¬–‡«≈“∑’Ë‡À¡“– ¡ °√√¡°“√μ√«® Õ∫ √“¬„¥√“¬Àπ÷ËßÕ“®√“¬ß“π«à“¡’√“¬°“√À√◊Õ°“√°√–∑”¥—ß°≈à“«μàÕ ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å À√◊Õμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ 8 π—∫ πÿπ·≈–μ‘¥μ“¡„Àâ∫√‘…—∑¡’√–∫∫°“√∫√‘À“√§«“¡‡ ’Ë¬ßÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ 9 ª√—∫ª√ÿß·≈–·°â ‰¢°Æ∫—μ√§≥–°√√¡°“√μ√«® Õ∫ ·≈–π”‡ πÕμàÕ§≥–°√√¡°“√∫√‘…—∑‡æ◊ËÕæ‘®“√≥“Õπÿ¡—μ‘ 10 ªØ‘∫—μ‘°“√Õ◊Ëπ„¥μ“¡∑’Ë§≥–°√√¡°“√¢Õß∫√‘…—∑¡Õ∫À¡“¬ ¥â«¬§«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√μ√«® Õ∫‚¥¬Õ“»—¬Õ”π“®μ“¡ ¢âÕ∫—ß§—∫¢Õß∫√‘…—∑ ·≈–°ÆÀ¡“¬

Õ”π“®Àπâ“∑’Ë§≥–°√√¡°“√∫√‘À“√ 1. 2. 3. 4. 5. 6. 7. 8.

·μàßμ—Èß ∂Õ¥∂Õπ ‚¬°¬â“¬ æ‘®“√≥“§«“¡¥’§«“¡™Õ∫ μ≈Õ¥®π°”Àπ¥§à“μÕ∫·∑π·≈– «— ¥‘°“√ ·°àæπ—°ß“π√–¥—∫μà“ßÊ ·μàßμ—Èß ∂Õ¥∂Õπ §≥–∑”ß“πÕ◊Ëπ„¥‡æ◊ËÕ¥”‡π‘π°‘®°“√μà“ßÊ „π°“√∫√‘À“√ß“π¢Õß∫√‘…—∑ ÕÕ°√–‡∫’¬∫ ª√–°“» «à“¥â«¬°“√ªØ‘∫—μ‘ß“π·≈– “¡“√∂¡Õ∫Õ”π“®„Àâ·°à°√√√¡°“√∫√‘À“√ ·≈–/À√◊Õ æπ—°ß“πºŸâ¥”√ßμ”·Àπàß ∑“ß°“√∫√‘À“√‡ªìπºŸâ≈ßπ“¡Õπÿ¡—μ‘‡∫‘°®à“¬ ‘π∑√—æ¬å¢Õß∫√‘…—∑‰¥â Õπÿ¡—μ‘°“√‡¢â“∑”π‘μ‘°√√¡∑’Ë¡‘„™à∏ÿ√°√√¡∑“ß°“√‡ß‘π „π«ß‡ß‘π·μà≈–§√—Èß‰¡à‡°‘π®”π«π 30 ( “¡ ‘∫) ≈â“π∫“∑ Õπÿ¡—μ‘°“√≈ß∑ÿπ ¢“¬‡ß‘π≈ß∑ÿπ„πÀÿâπ “¡—≠·≈–/À√◊ÕÀ≈—°∑√—æ¬åÕ◊Ëπ„¥ „π«ß‡ß‘π·μà≈–§√—Èß‰¡à‡°‘π ®”π«π 30 ( “¡ ‘∫) ≈â“π∫“∑ Õπÿ¡—μ‘°“√®—¥À“·≈–≈ß∑ÿπ„π ‘π∑√—æ¬å∂“«√ „π«ß‡ß‘π·μà≈–§√—Èß‰¡à‡°‘π®”π«π 30 ( “¡ ‘∫) ≈â“π∫“∑ Õπÿ¡—μ‘°“√ª√—∫ ¿“æ ∑”≈“¬ μ—¥∫—≠™’ ´÷Ëß ‘π∑√—æ¬å∂“«√·≈– ‘π∑√—æ¬å∑’Ë ‰¡à¡’μ—«μπ∑’Ë‡≈‘°„™â ™”√ÿ¥ Ÿ≠À“¬ ∂Ÿ°∑”≈“¬ ‡ ◊ËÕ¡ ¿“æ À√◊Õ≈â“ ¡—¬‰¡à “¡“√∂„™âß“π‰¥â ¡’¡Ÿ≈§à“∑“ß∫—≠™’√«¡‰¡à‡°‘π§√—Èß≈– 1 (Àπ÷Ëß) ≈â“π∫“∑ Õπÿ¡—μ‘°“√ª√—∫ ¿“æ√“§“ °“√∑”≈“¬ ´÷Ëß«—μ∂ÿ¥‘∫ ·≈–/À√◊Õ ‘π§â“§ß‡À≈◊Õ∑’Ë‡ ◊ËÕ¡ ¿“æÀ√◊Õ≈â“ ¡—¬ ´÷Ëß®–∑”„Àâ¡’¡Ÿ≈§à“∑“ß∫—≠™’ ≈¥≈ß‰¥âμ“¡¡Ÿ≈§à“∑’Ë‡°‘¥¢÷Èπ®√‘ß ¡’¡Ÿ≈§à“∑“ß∫—≠™’√«¡‰¡à‡°‘π§√—Èß≈– 1 (Àπ÷Ëß) ≈â“π∫“∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Prepare the Audit Committee reports to be disclosed in the companyûs annual report; such reports must be signed by the Chairman of the Audit Committee and it must contain, at least, some significant information as described below: (a) opinions about the accuracy, correctness and reliability of financial statements and financial reports of the company; (b) opinions about the sufficiency of internal control system of the company; (c) opinions about the compliance with laws on securities and exchange, requirements of the Stock Exchange of Thailand and any other laws relating to the companyûs business; (d) opinions about the appropriateness of external auditors; (e) opinions about transactions with potential conflict of interest; (f) number of meetings to be convened by the Audit Committee and meeting attendance of each Audit Committee member; (g) opinions or general findings obtained by performing its duties in accordance with the Audit Committee Charter; (h) opinions about other matters that should be notified to general shareholders and investors under the scope of duties and responsibilities assigned by the Board of Directors. 7. In performing the duties as the Audit Committee, if discovering or suspecting of either of the following transactions or acts, which may give significant effects to the financial status and operating results of the company, the Audit Committee must report it to the Board of Directors for improvements within the reasonable period determined by the Audit Committee: (a) transaction with potential conflict of interest; (b) fraud or irregularity or significant defect in the internal control system; (c) violation of laws on securities and exchange, requirements of the Stock Exchange of Thailand and any other laws relating to the companyûs business. If the Board or the management of the company fails to make remedies within the established period, one of the Audit Committee members may report such transaction or act to the Office of the Securities and Exchange Commission or the Stock Exchange of Thailand. 8. Support and monitor to ensure that the company acquires the efficient risk management system. 9. Improve and amend the Audit Committee Charter, and propose such amended charter for the Board of Directorsû approval; 10. Perform other functions assigned by the Board of Directors under the approval of the Audit Committee by virtue of its authority stated in the Articles of Incorporation of the company and other related laws.

Authorities and Responsibilities of Executive Committee 1. 2. 3. 4. 5. 6. 7.

To appoint, remove, transfer, evaluate and determine compensation and welfare of employees of different levels To appoint and remove any other working committee to carry out actions necessary for the management of the company To issue regulations and announcements on the companyûs operations, and to assign authority to members of the Executive Board and / or the Management to execute authorization on company assets. To approve engagement in non-financial juristic actions, provided that the amount does not exceed Baht 30 million (Thirty million Baht only) per case To approve investment, sale of investment capital in ordinary shares and/or any other securities, provided that the amount does not exceed Baht 30 million (Thirty Million Baht only) per case To approve sourcing and investment in fixed assets, provided that the amount does not exceed Baht 30 million (Thirty million Baht only) per case To approve modification, destruction and disposal of fixed assets and intangible assets which are no longer in use, damaged, lost, destroyed, deteriorated and out of date, provided that the book value does not exceed Baht 1 million (One million Baht only) per case To approve modification, change of price and destruction of raw materials and/or remaining inventory which are deteriorated or out of date, provided that the book value does not exceed Baht 1 million (One million Baht only) per case

21 This annual report is printed on Green Series paper made from 100% Eco Fiber

9. 10. 11. 12.

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3 4 5 6

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πÕ°®“°π’È §≥–°√√¡°“√∫√‘À“√‰¥â®¥— μ—ßÈ §≥–Õπÿ°√√¡°“√™ÿ¥μà“ßÊ ‡æ◊ÕË „Àâæπ—°ß“π¡’ «à π√à«¡„π°“√®—¥°“√‡√◊ÕË ßμà“ßÊ ¿“¬„π∫√‘…∑— „Àâ¡§’ «“¡∂Ÿ°μâÕß‡À¡“– ¡ ¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈μàÕ∫√‘…∑— ‚¥¬¡’§≥–°√√¡°“√∫√‘À“√‡ªìπ∑’ªË √÷°…“®”π«π 1 ∑à“π„π·μà≈–§≥– ´÷Ëßª√–°Õ∫¥â«¬ 1. §≥–°√√¡°“√§«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬ ·≈– ¿“æ·«¥≈âÕ¡„π°“√∑”ß“π 2. §≥–°√√¡°“√ª√—∫ª√ÿßª√– ‘∑∏‘¿“æ°“√º≈‘μ ·≈–Õπÿ√—°…åæ≈—ßß“π 3. §≥–∑”ß“π‚§√ß°“√‚√ßß“π ’¢“« 4. §≥–°√√¡°“√√–¥—∫π‚¬∫“¬°“√®—¥°“√ ‘Ëß·«¥≈âÕ¡Õ“™’«Õπ“¡—¬·≈–§«“¡ª≈Õ¥¿—¬ 5. §≥–°√√¡°“√√–¥—∫π‚¬∫“¬°“√∫√‘À“√ß“π§ÿ≥¿“æ 6. §≥–°√√¡°“√¥”‡π‘π‚§√ß°“√∫√‘À“√§«“¡‡ ’Ë¬ß

°“√ √√À“°√√¡°“√·≈–ºŸâ∫√‘À“√ 1

°“√ √√À“∫ÿ§§≈‡æ◊ËÕ·μàßμ—Èß°√√¡°“√¥—ßπ’È §≥–°√√¡°“√ √√À“®–°”Àπ¥§ÿ≥ ¡∫—μ¢‘ Õß°√√¡°“√∑’μË Õâ ß°“√ √√À“ ‡æ◊ÕË „Àâ¡Õ’ ß§åª√–°Õ∫·≈–§ÿ≥ ¡∫—μμ‘ “¡°ÆÀ¡“¬ / √–‡∫’¬∫ ¢âÕ∫—ß§—∫∑’Ë‡°’Ë¬«¢âÕß √«¡∂÷ß°“√°”Àπ¥«‘∏’°“√‡ πÕ√“¬™◊ËÕºŸâ¡’§ÿ≥ ¡∫—μ‘

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

9. To authorize executives of the company or other to act on their behalf 10. To invite members of the management or relevant employees to provide explanations, opinions or documents as necessary 11. To consult with specialists or company consultants (if any) or hire third-party consultants or specialists if necessary at the expense of the company 12. To stipulate any other regulations as deemed appropriate

Authorities and Responsibilities of the Nomination and Remuneration Committee Selection 1. To identify and screen nominee individuals who are qualified to serve as the company,s directors, 2 . To review the background of selected nominee to ensure that they are qualified by their knowledge, competence, experience and expertise in accordance with company regulations and relevant laws 3. To provide selection opinions or recommendations for the consideration of the Board of Directors; 4. To nominate selected nominee to the Board of Directors for consideration; 5. To revise the Nomination and Remuneration Committee Charter, when needed, and propose to the Board of Directors for approval; 6. To engage in any other actions as assigned by the Board of Directors.

Compensation 1. 2.

5. 6.

To evaluate the performance of the Board of Directors each year; To determine the compensation of company directors on the basis of the operational performance of the company, the amount of compensation approved by a shareholdersû meeting and the amount paid in the prior year, in order to propose such amount to the Board of Directors for their consideration and to the shareholders meeting for approval; To determine the compensation for company directors on the basis of performance, as well as, duties and responsibilities, which is not in excess of the amount approved by the shareholders and propose such amount to the Board of Directors for approval; To determine the compensation for members of the Nomination and Remuneration Committee (those who are not the company directors) on the basis of performance and responsibilities; and, propose such amount to the Board of Directors for approval To revise the Nomination and Remuneration Committee Charter and propose to the Board of Directors for approval To engage in any other actions as assigned by the Board of Directors

Additionally, the Executive Committee has established several committees in order to have employees jointly organize the internal management appropriately, efficiently, and effectively to the company. Each committee has at least one Executive Director to be a consultant. The established committees at present are as follows : 1. The Committee of Safety, Occupational Health and Working Environment 2. The Committee of Product Efficiency and Energy Conservation 3. The Committee of White Factory 4. The Environmental, Occupational Health and Safety Management Committee 5. The Quality Management Committee 6. The Enterprise Risk Management Steering Committee

Selection of Directors and Executives The Nominated and Remuneration Committee shall screen and select qualified nominee to be elected as the company director as follows: 1. The Nominated and Remuneration Committee will stipulate the qualifications of nominee in compliance with the regulations or relevant law, and set up the procedure on how put selected nominee on the list for consideration and approval.

23 This annual report is printed on Green Series paper made from 100% Eco Fiber

2 3

§≥–°√√¡°“√ √√À“®– √ÿªº≈°“√ √√À“ ·≈–‡ πÕ™◊ËÕºŸâ∑’Ë¡’§«“¡‡À¡“– ¡∑’Ë®–‡ªìπ°√√¡°“√∫√‘…—∑œ æ√âÕ¡‡Àμÿº≈ª√–°Õ∫·≈– π”‡ πÕμàÕ§≥–°√√¡°“√∫√‘…—∑œ §≥–°√√¡°“√∫√‘…∑— œ ®–æ‘®“√≥“§—¥‡≈◊Õ°ºŸ∑â ¡’Ë §’ ≥ ÿ ¡∫—μ‡‘ À¡“– ¡μ“¡√“¬™◊ÕË ∑’§Ë ≥–°√√¡°“√ √√À“‡ πÕ ‡æ◊ÕË ‡ πÕπ”‡ πÕ√“¬™◊ÕË μàÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡æ◊ËÕæ‘®“√≥“Õπÿ¡—μ‘μàÕ‰ª

§à“μÕ∫·∑π§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√ ∫√‘…∑— ‰¥â°”Àπ¥§à“μÕ∫·∑π°√√¡°“√∑’‡Ë ªìπ∏√√¡·≈– ¡‡Àμÿ ¡º≈ ‚¥¬‰¥âæ®‘ “√≥“∂÷ß§«“¡‡À¡“– ¡ ·≈–Àπâ“∑’§Ë «“¡√—∫º‘¥™Õ∫ ·≈– ∂“π–°“√‡ß‘π¢Õß∫√‘…—∑ ‚¥¬‰¥â°”Àπ¥§à“μÕ∫·∑π„Àâ°—∫°√√¡°“√„π√Ÿª·∫∫¢Õß∫”‡ÀπÁ®·≈–‡∫’È¬ª√–™ÿ¡ ‚¥¬Õ¬Ÿà„π«ß‡ß‘π∑’Ë∫√‘…—∑ ‰¥â¢ÕÕπÿ¡—μ‘§à“μÕ∫·∑π°√√¡°“√®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ·≈â« ”À√—∫§à“μÕ∫·∑π¢ÕßºŸâ∫√‘À“√π—Èπ ∫√‘…—∑‰¥âæ‘®“√≥“∂÷ßº≈°“√ªØ‘∫—μ‘ß“π ·≈–°“√ª√–‡¡‘πº≈μ“¡‡ªÑ“À¡“¬ æ√âÕ¡π”‡ πÕμàÕ§≥–°√√¡°“√‡æ◊ËÕæ‘®“√≥“·≈–Õπÿ¡—μ‘ ´÷Ëß “¡“√∂ √ÿª‰¥â¥—ßπ’È §à“μÕ∫·∑π∑’‡Ë ªìπμ—«‡ß‘π §à“μÕ∫·∑π‡ª√’¬∫‡∑’¬∫‚¥¬ √ÿª ”À√—∫°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑„πªï 2551 ·≈–ªï 2552 ¥—ßπ’È (√“¬≈–‡Õ’¬¥§à“μÕ∫·∑π √“¬∫ÿ§§≈‰¥â¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ „π¢âÕ 9.3 §à“μÕ∫·∑π§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√ „π·∫∫ 56-1) (Àπà«¬: ∫“∑) §≥–°√√¡°“√ ªï 2552 ªï 2551 √“¬≈–‡Õ’¬¥¢Õß§à“μÕ∫·∑π ®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π °√√¡°“√ 14 6,440,000 13 7,860,000 ‡∫’È¬ª√–™ÿ¡ ∫”‡ÀπÁ®°√√¡°“√ ºŸâ∫√‘À“√ 12 17,454,700 9 18,207,824 ‡ß‘π‡¥◊Õπ ‚∫π— «— ¥‘°“√ §à“μÕ∫·∑πÕ◊Ëπ ∫√‘…—∑‰¥â®—¥ «— ¥‘°“√·≈–§à“μÕ∫·∑πÕ◊ËπÊ πÕ°‡Àπ◊Õ®“°‡ß‘π‡¥◊Õπ ‚∫π— „Àâ°—∫ºŸâ∫√‘À“√·≈–æπ—°ß“π μ“¡§«“¡‡À¡“– ¡°— ¿“«– ‡»√…∞°‘® ‡™àπ °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ °“√ª√–°—π ÿ¢¿“æ ‡ªìπμâπ ∑—Èßπ’È ‡ªìπ‰ªμ“¡π‚¬∫“¬·≈–À≈—°‡°≥±å∑’Ë°”Àπ¥ ‚¥¬‡™◊ËÕ¡‚¬ß°—∫ º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

2. 3.

The Nominated and Remuneration Committee will summary and propose qualified nominee to be appointed as the company director with their reason to the Board of Director; The Board of Directors will consider and select the qualified nominee on the list proposed by the Nominated and Remuneration Committee, and propose for an approval on the shareholdersû meeting.

Remuneration to the Directors and the Management The company has fairly and logically provided the remuneration by consideration of the responsibility and its financial performance. The compensation paid to the Directors is consisted of remuneration and meeting allowances which had been approved by the shareholders. Whereas, the remuneration paid to the management is tied to each performance under an assessment system and its key performance indicators, which was proposed to the Board for review and approval. The remunerations to the Directors and the management for 2009 was as follows: Remuneration in the cash form The overall remuneration for the Directors and management of the company in 2008 and 2009 was in the table below. Further information of individual remuneration is disclosed in Section 9.3 Executivesû Remuneration on the annual statements (Form 56-1). (unit: Baht) Board of Directors 2009 2008 Form of Remuneration Total Amount Total Amount (Baht) (Baht) Directors 14 6,440,000 13 7,860,000 Meeting fees and remuneration Executives 12 17,454,700 9 18,207,824 Salary, bonus, and others Others Remuneration The company has established welfare and other compensations apart from salary and bonus contribution to the management and all employees. These reflect domestic economic conditions such as the provident fund, health insurance, in accordance with the companyûs policy and regulations related to the operational performance.

25 This annual report is printed on Green Series paper made from 100% Eco Fiber

√“¬°“√√–À«à“ß°—π / Transaction with Related Companies ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß°—π Parties of Mutual Interestes 1

∫¡®. Àæ—≤π“ Õ‘π‡μÕ√å‚Œ≈¥‘Èß Saha Pattana Inter-Holding PCL.

∫¡®. ‡Õ ·Õπ¥å ‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å S&J International Enterprises PCL. ∫¡®. ‰Õ.´’.´’ Õ‘π‡μÕ√å‡π™—Ëπ·π≈ I.C.C. International PCL. ∫¡®. Àæ—≤πæ‘∫Ÿ≈ Saha Pathanapibul PCL. ∫¡®. ª√–™“Õ“¿√≥å Peopleûs Garment PCL. ∫¡®. ‡∑Á°´å ‰∑≈å‡æ√ ∑’® Textile Prestige PCL. ∫¡®. ∏πŸ≈—°…≥å Thanulux PCL. ∫¡®. ‰∑¬«“‚°â Thai Wacoal PCL. ∫®. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ·≈∫∫Õ√“∑Õ√’ å International Laboratories Corp. ∫®. ·™¡ªá‡Õ™ Champ Ace Co., Ltd. ∫®. ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª Operational Energy Group Co., Ltd. ∫®. ‘π¿√“¥√ Sinparadorn Co., Ltd. ∫®. æ‘∑—°…å°‘® Pitakkij Co., Ltd. ∫®. æ’ ∑’ ‡§ ¡—≈μ‘‡´Õ√å«‘ PTK Multiservices Co., Ltd ∫®. À‚§‡®π °√’π Sahacogen Green Co., Ltd.

3 4 5 6 7 8 9 10 11 12 13 14 15

‡ªìπºŸâ∂◊ÕÀÿâπ/ Shareholder

∫®. À°√’π øÕ‡√ ∑å Sahagreen Forest Co., Ltd.

≈—°…≥–§«“¡ —¡æ—π∏å ¡’ºŸâ∂◊ÕÀÿâπ√à«¡°—π/ Common Shareholder

/ / / / / / / / / /

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

(Àπà«¬ : ≈â“π∫“∑) / (Unit : Baht) Relationship ºŸâ∫√‘À“√√à«¡°—π/ common directors

∫√‘…—∑¬àÕ¬/ Subsidiary

≈—°…≥–√“¬°“√ Subject ≈Ÿ°Àπ’È°“√§â“/Account Receivable ‡®â“Àπ’È°“√§â“/Account Payable ¢“¬ ‘π§â“/Sale §à“„™â®à“¬/Expenses §à“‡™à“∑’Ë¥‘π/Land rental expense ´◊ÈÕ∑’Ë¥‘π

ªï 2552 Year 2009

108.5 0.2 1,227.9 8.0 65.4 -

‡®â“Àπ’È°“√§â“/Account Payable §à“„™â®à“¬/Expenses §à“‡™à“∑’Ë¥‘π/Land rental expense

/ / / /

‡®â“Àπ’È°“√§â“/Account Payable §à“∫√‘°“√/Service Charges ‡®â“Àπ’È°“√§â“/Account Payable §à“∫√‘°“√/Service Charges ‡®â“Àπ’ÈÕ◊Ëπ/Account Payable ‡®â“Àπ’È‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ/Short Tern loan §à“∫√‘°“√/Service Charges ¥Õ°‡∫’¬È √—∫

52.2 148.7 1.7 0.04 0.2 3.5 0.9 -

27 This annual report is printed on Green Series paper made from 100% Eco Fiber

§«“¡ ¡‡Àμÿ ¡º≈¢Õß°“√∑”√“¬°“√√–À«à“ß°—π √“¬°“√√–À«à“ß°—π„πªï∑’Ëºà“π¡“∑—ÈßÀ¡¥‡ªìπ‰ª‡æ◊ËÕ°“√¥”‡π‘π∏ÿ√°‘®μ“¡ª°μ‘¢Õß∫√‘…—∑ ‚¥¬¡’π‚¬∫“¬„π°“√∑”√“¬°“√¥—ß°≈à“« ‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑ ∑—Èß¥â“ππ‚¬∫“¬°“√°”Àπ¥√“§“®–æ‘®“√≥“®“°√“§“μ≈“¥‡ªìπ ”§—≠ √“¬°“√√–À«à“ß°—π„πªï∑’Ëºà“π¡“ ‡°‘¥®“° —≠≠“μà“ßÊ ´÷Ëß¡’≈—°…≥–¢Õß√“¬°“√‚¥¬ √ÿª¥—ßπ’È

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≈—°…≥–¢Õß√“¬°“√·≈– —≠≠“ : —≠≠“¢“¬‰øøÑ“·≈–‰ÕπÈ” ‡π◊ËÕß®“°∫√‘…—∑‰¥â∑” —≠≠“´◊ÈÕ¢“¬‰øøÑ“·≈–‰ÕπÈ”°—∫ ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ‚¥¬®à“¬ º≈μÕ∫·∑π„π√Ÿª·∫∫¢ÕßÕ—μ√“ à«π≈¥§à“æ≈—ßß“π‰øøÑ“ ( à«π≈¥√âÕ¬≈– 0.5 „πªï∑’Ë 1-10 ·≈– à«π≈¥√âÕ¬≈– 1.5 „πªï∑’Ë 11-15) ·≈– à«π≈¥§à“‰ÕπÈ” („πÕ—μ√“ 0.5% μ≈Õ¥Õ“¬ÿ —≠≠“) ‚¥¬„πªï∑’Ëºà“π¡“¡’√“¬°“√¢“¬‰øøÑ“·≈–‰ÕπÈ”ª√–¡“≥ 1,228 ≈â“π∫“∑·≈–¡’§à“∏√√¡‡π’¬¡°“√§È”ª√–°—π§«“¡μâÕß°“√‰øøÑ“¢—ÈπμË”ª√–¡“≥ 5.5 ≈â“π∫“∑

≈—°…≥–¢Õß√“¬°“√·≈– —≠≠“ : —≠≠“´◊ÈÕπÈ”¥‘∫ ·≈–§à“∫”∫—¥πÈ”‡ ’¬ ∫√‘…—∑‰¥â¡’°“√∑” —≠≠“°“√´◊ÈÕπÈ”¥‘∫®“° ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ‡æ◊ËÕ„Àâ¡’·À≈àßπÈ”¥‘∫ ”√Õß„™â „π°‘®°“√º≈‘μ‰øøÑ“·≈–‰ÕπÈ”‰¥â ´÷ßË √“§“πÈ”¥‘∫√«¡∂÷ß§à“∫√‘°“√„π°“√∫”∫—¥πÈ”‡ ’¬∑’Ë ∫√‘…∑— Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘ßÈ ®”°—¥ (¡À“™π) ‡√’¬°‡°Á∫°—∫∫√‘…—∑®–‡ªìπ√“§“¡“μ√∞“π∑’Ë‡√’¬°‡°Á∫°—∫‚√ßß“πÕÿμ “À°√√¡Õ◊Ëπ∑’Ëμ—ÈßÕ¬Ÿà „π «πÕÿμ “À°√√¡‡§√◊Õ Àæ—≤πå-»√’√“™“ ‚¥¬„πªï 2552 ∫√‘…—∑‰¥â®à“¬§à“πÈ”¥‘∫·≈–§à“∫”∫—¥πÈ”‡ ’¬ª√–¡“≥ 2.5 ≈â“π∫“∑ ´÷Ëß√“¬°“√¥—ß°≈à“«‡ªìπ °“√§â“ª°μ‘·≈–¡’§«“¡ ¡‡Àμÿ ¡º≈‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑ ·≈–√“§“∑’Ë§‘¥√–À«à“ß°—π∂◊Õ‰¥â«à“‡ªìπ√“§“∑’Ë¬ÿμ‘∏√√¡

≈—°…≥–¢Õß√“¬°“√·≈– —≠≠“ : ´◊ÈÕ∑’Ë¥‘π ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥(∫√‘…—∑¬àÕ¬) ‰¥â∑” —≠≠“´◊ÈÕ∑’Ë¥‘π®“° ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) μ—ÈßÕ¬Ÿà ≥ «πÕÿμ “À°√√¡ Àæ—≤πå ≈”æŸπ ‡æ◊ËÕ¥”‡π‘π‚§√ß°“√º≈‘μæ≈—ßß“π®“°™’«¡«≈ ®”π«π 65.4 ≈â“π∫“∑ ´÷Ëß√“¬°“√ ¥—ß°≈à“«‡ªìπ°“√§â“ª°μ‘¡’§«“¡ ¡‡Àμÿ ¡º≈ ·≈–√“§“∑’Ë§‘¥√–À«à“ß°—π∂◊Õ‰¥â«à“‡ªìπ√“§“∑’Ë¬ÿμ‘∏√√¡

2. √“¬°“√√–À«à“ß∫√‘…—∑°—∫∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ ë

≈—°…≥–¢Õß√“¬°“√·≈– —≠≠“ : —≠≠“√—∫∫√‘°“√¥â“π°“√®—¥°“√‡°’¬Ë «°—∫°“√¥”‡π‘πß“π·≈–´àÕ¡∫”√ÿß ·≈– —≠≠“‡™à“ ‡§√◊ÕË ß®—°√ ”√Õß ∫√‘…—∑‰¥â∑” —≠≠“ªØ‘∫—μ‘°“√‡¥‘π‡§√◊ËÕß·≈–∫”√ÿß√—°…“‚√ß‰øøÑ“ (Operational and Maintenance Agreement) °—∫∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ ‡æ◊ËÕ¥”‡π‘π°“√‡¥‘π‡§√◊ËÕß·≈–∫”√ÿß√—°…“‚√ß‰øøÑ“ ‚¥¬§à“μÕ∫·∑π‡ªìπÕ—μ√“‡¥’¬« °—∫∑’Ë ∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ §‘¥°—∫≈Ÿ°§â“∑—Ë«‰ª √“¬°“√√–À«à“ß°—ππ’È®÷ß‡ªìπ°“√§â“ª°μ‘·≈–¡’§«“¡ ¡‡Àμÿ ¡º≈ „π à«π¢Õß —≠≠“°“√‡™à“‡§√◊ÕË ß®—°√ ”√Õß°—∫∫√‘…∑— ÕÕªÕ‡√™—πË πÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿªä ®”°—¥ ‡ªìπ°“√æ‘®“√≥“ §—¥‡≈◊Õ°‡ß◊ËÕπ‰¢∑’Ë „Àâª√–‚¬™πåμàÕ∫√‘…—∑ ÿß ÿ¥‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫‡ß◊ËÕπ‰¢°“√‡™à“¢ÕßºŸâ‡ πÕ√“¬Õ◊Ëπ ‚¥¬„πªï∑’Ëºà“π¡“ ∫√‘…—∑‰¥â™”√–§à“∫√‘°“√ ”À√—∫°“√¥”‡π‘π°“√μ“¡ —≠≠“ 73.43 ≈â“π∫“∑ ·≈–§à“‡™à“‡§√◊ËÕß®—°√ 75.31 ≈â“π∫“∑

3. √“¬°“√√–À«à“ß∫√‘…—∑°—∫∫√‘…—∑ ‘π¿√“¥√ ®”°—¥ ë

≈—°…≥–¢Õß√“¬°“√·≈– —≠≠“ : —≠≠“‡™à“∑’Ë¥‘π ∫√‘…∑— ‰¥â‡™à“∑’¥Ë π‘ ¢Õß∫√‘…∑— ‘π¿√“¥√ ®”°—¥ ‡æ◊ÕË „™â‡ªìπ∑“ß‡¢â“-ÕÕ° ·≈– ”À√—∫«“ß√–∫∫®”Àπà“¬‰øøÑ“·≈–‰ÕπÈ” „πÕ—μ√“ §à“‡™à“∑’Ë ¡‡Àμÿ ¡º≈·≈–¬ÿμ‘∏√√¡ ‚¥¬‡ªìπÕ—μ√“‡¥’¬«°—π°—∫∑’Ë∫√‘…—∑ ‘π¿√“¥√ ®”°—¥ ‰¥âμ°≈ß°—∫≈Ÿ°§â“√“¬Õ◊Ëπ„π‡¢μ «π Õÿμ “À°√√√¡‡§√◊Õ Àæ—≤πå »√’√“™“ ‚¥¬„πªï∑’Ëºà“π¡“∫√‘…—∑‰¥â™”√–§à“‡™à“∑’Ë¥‘πª√–¡“≥ 1.7 ≈â“π∫“∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Appropriations of Related Transaction Details of related transactions in 2009 were conducted in the normal course of business operation. The company has a policy to maintain the optimal benefit, including the pricing policy which shall be significantly determined by the market price. The related party transactions in 2009 are as follows:

1. Transaction with Saha Pattana Inter-Holding PCL (SPI) ë

Transaction : Electricity and Steam Purchase Agreements Due to the Electricity and Steam Purchase Agreement with SPI with the predetermined applicable discount (0.5% on the 1-10 contract year and 1.5% on the rest for electricity and 0.5% thorough the contract year for steam), the electricity energy and steam charges in 2009 was totally Baht 1,228 million and fee paid for guarantee of minimum electricity demand was Baht 5.5 million.

Transaction : Raw Water Purchase Agreement and Water Treatment Services The company also purchased raw water and regularly purchased waste water treatment services from SPI. The raw water and waste water treatment charged to the company are standardized for all industrial tenants in the Sriracha Saha Group Industrial Park. In 2009, the company was charged for raw water and waste water treatment at the amount of Baht 2.5 million, which this related transaction between the company and SPI are normal business practices.

Transaction: Purchase of Land Sahacogen Green Co., Ltd had an purchasing agreement to purchase land located on Lamphun Saha Group Industrial Park for biomass power plant project from SPI at the amount of Baht 65.4 million. The price is a market price selling to others and as normal transaction practises.

2. Transaction with Operational Energy Group Ltd. (OEG) ë

Transaction : Operation and Maintenance Agreement and Leased Engine Agreement The applicable fees under the Operation and Maintenance Agreement with OEG are the normal market price as charged to its other customers. The leased engine contract was entered with OEG after thorough evaluation through the bidding process. Therefore, this transaction is reasonable and is a normal business practice as well. In 2009, the operation and services management fees was Baht 73.43 million and machinery lease fees was Baht 75.31 million.

3. Transaction with Sinparadorn Co., Ltd. ë

Transaction : Land Rental Agreement The company has land rental agreement with Sinparadorn Co., Ltd of which the leased land was utilized as the plant access and to accommodate the electricity and steam distribution system. The rental rate is normal market identical to all tenants located in the Sriracha Saha Group Industrial Park. Therefore, this transaction between the company and Sinparadorn Co., Ltd. is reasonable. The previous land rental expenses was Baht 1.7 million.

29 This annual report is printed on Green Series paper made from 100% Eco Fiber

4. √“¬°“√√–À«à“ß∫√‘…—∑°—∫∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ë

≈—°…≥–¢Õß√“¬°“√ : °“√∫√‘°“√ ∫√‘…—∑‰¥â®—¥μ—Èß∫√‘…—∑¬àÕ¬ §◊Õ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ‡æ◊ËÕ¥”‡π‘π‚§√ß°“√º≈‘μæ≈—ßß“π®“°™’«¡«≈ ‚¥¬∫√‘…—∑‡ªìπ ºŸâ∂◊ÕÀÿâπ 99.99% ¢Õß∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ®÷ß∂◊Õ‰¥â«à“√“¬°“√μà“ßÊ ∑’Ë‡°‘¥®“°°“√„Àâ∫√‘°“√ ‡ªìπ‰ªμ“¡¡Ÿ≈§à“∫—≠™’ ‚¥¬„πªï∑’Ëºà“π¡“¡’°“√‡√’¬°‡°Á∫§à“∫√‘°“√®“°∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ®”π«π 3.5 ≈â“π∫“∑ ·≈–∫√‘…—∑œ ‡√’¬°‡°Á∫ §à“∫√‘°“√®“°∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ®”π«π 4.2 ≈â“π∫“∑

≈—°…≥–¢Õß√“¬°“√ : ¥Õ°‡∫’È¬√—∫ ¡’√“¬°“√∑’Ë‡°‘¥®“°°“√°Ÿâ¬◊¡´÷Ëß‰¥â „™âÕ—μ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ¬◊¡¢—ÈπμË”¢Õß∏π“§“√æ“≥‘™¬å À√◊ÕÕ—μ√“¥Õ°‡∫’È¬‡ß‘πΩ“° Ÿß ÿ¥ ¢Õß∏π“§“√æ“≥‘™¬å ‚¥¬∫√‘…—∑‰¥â‡√’¬°‡°Á∫°—∫∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ®”π«π 0.9 ≈â“π∫“∑

¡“μ√°“√À√◊Õ¢—ÈπμÕπ°“√Õπÿ¡—μ‘°“√∑”√“¬°“√√–À«à“ß°—π °“√∑”√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑ °—∫π‘μ‘∫ÿ§§≈À√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß°—π®–μâÕß¡’°“√‡ πÕ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ ·≈–μâÕß¡’°√√¡°“√μ√«® Õ∫‡¢â“√à«¡ª√–™ÿ¡ ‡æ◊ËÕæ‘®“√≥“·≈–Õπÿ¡—μ‘°“√∑”√“¬°“√√–À«à“ß°—π„Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–¢âÕ∫—ß§—∫ ª√–°“» §” —Ëß À√◊Õ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ´÷ËßºŸâ∑’ËÕ“®¡’§«“¡¢—¥·¬âßÀ√◊Õ ¡’ à«π‰¥â‡ ’¬„π°“√∑”√“¬°“√√–À«à“ß°—π®–‰¡à¡’ ‘∑∏‘ÕÕ°‡ ’¬ß≈ß¡μ‘„π°“√∑”√“¬°“√√–À«à“ß°—π

π‚¬∫“¬À√◊Õ·π«‚πâ¡°“√∑”√“¬°“√√–À«à“ß°—π„πÕπ“§μ √“¬°“√√–À«à“ß°—π¢Õß∫√‘…∑— „πÕπ“§μ ®–‡ªìπ√“¬°“√∑’¥Ë ”‡π‘π°“√∑“ß∏ÿ√°‘®μ“¡ª°μ‘‡™àπ‡¥‘¡ ‚¥¬∫√‘…∑— ¡’·π«‚πâ¡°“√∑”√“¬°“√ √–À«à“ß°—π∑’‡Ë °‘¥¢÷πÈ „πªí®®ÿ∫π— ·≈–μàÕ‰ª„πÕπ“§μ ‚¥¬®–¡’°“√°”Àπ¥¢âÕμ°≈ß·≈–‡ß◊ÕË π‰¢μà“ßÊ „Àâ‡ªìπ‰ªμ“¡‡ß◊ÕË π‰¢°“√§â“ª°μ‘∑«—Ë ‰ª ·≈–‡ªìπ‰ªμ“¡√“§“μ≈“¥∑’Ë ¡‡Àμÿ ¡º≈ “¡“√∂μ√«® Õ∫À√◊Õ‡ª√’¬∫‡∑’¬∫√“§“∑’Ë‡°‘¥¢÷Èπ°—∫∫ÿ§§≈¿“¬πÕ°‰¥â æ√âÕ¡∑—Èßºà“π°“√Õπÿ¡—μ‘ μ“¡¢—πÈ μÕπ·≈–°Æ√–‡∫’¬∫∑’‡Ë °’¬Ë «¢âÕßÕ¬à“ß∂Ÿ°μâÕß à«π√“¬°“√√–À«à“ß°—π∑’ÕË “®‡°‘¥¢÷πÈ ‰¥â „πÕπ“§μπ—πÈ §≥–°√√¡°“√®–ªØ‘∫μ— „‘ Àâ‡ªìπ ‰ªμ“¡°ÆÀ¡“¬ ¢âÕ∫—ß§—∫ ª√–°“» À√◊Õ¿“¬„μâª√–°“»·≈–¢âÕ∫—ß§—∫¢Õß§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈– ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬·≈–∫√‘…∑— ®–∑”°“√‡ªî¥‡º¬√“¬°“√√–À«à“ß°—πÀ√◊Õ√“¬°“√‡°’¬Ë «‚¬ß¥—ß°≈à“«‰«â„πÀ¡“¬‡Àμÿ ª√–°Õ∫ß∫°“√‡ß‘πμ“¡¡“μ√∞“π∫—≠™’∑’Ë°”Àπ¥‚¥¬ ¿“«‘™“™’æ∫—≠™’ ·≈–μ“¡√–‡∫’¬∫¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈– μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

4. Transaction with Sahacogen Green Co., Ltd. ë

Transaction : Services Charges Sahacogen (Chonburi) PCL. was established Sahacogen Green Co., Ltd as subsidiary for renewable energy business by which holding 99.99% of share. Any services as booked were normal business conditions. In 2009, the company charged its subsidiary, the service charges at the amount of Baht 3.5 million and, services revenue at the amount of Bath 4.2 million.

Transaction : Interest Income In 2009, the company charged its subsidiary, Sahacogen Green Co., Ltd. for short term loan by calculating interest rate equivalent to lowest loan interest rate of commercial banks charged in general or the maximum deposit interest rate. The total interest income charged in the previous year was Baht 0.9 million.

Procedural Approval of Related Business Transaction According to the companyûs policy, all transactions between the company and related entities or persons shall be approved in the Board of Directorûs meeting with the presence of the audit committees. The review and approval of the related transactions will follow and in full compliance with the Securities and Exchange Act B.E. 2535 and rules, regulations and notifications regulated by the Stock Exchange of Thailand. Any directors having a conflict of interests will not have right to vote on the approval of such related transactions.

Policy or Potential Related Transaction in the Future The company expects these related transactions at present will continue, however, the company has a policy to control them to be a normal business practice and market price conditions. The company will assure the future related transactions be fully controlled according to the law, rules and regulations of the Stock Exchange of Thailand and all to be disclose in the financial statements audited by the auditor.

31 This annual report is printed on Green Series paper made from 100% Eco Fiber

ªí®®—¬§«“¡‡ ’Ë¬ß·≈–°“√∫√‘À“√§«“¡‡ ’Ë¬ß ®“°°“√∫√‘À“√®—¥°“√‡æ◊ËÕ§«∫§ÿ¡§«“¡‡ ’Ë¬ßμà“ßÊ Õ¬à“ßμàÕ‡π◊ËÕß ∑”„Àâ∫√‘…—∑ “¡“√∂®—¥°“√·≈–§«∫§ÿ¡§«“¡‡ ’Ë¬ß‰¥â„π√–¥—∫∑’Ë ‡À¡“– ¡ ·μà¬—ß§ß¡’ªí®®—¬‡ ’Ë¬ß„π°“√¥”‡π‘π∏ÿ√°‘®∑’Ë§«√æ‘®“√≥“ ¥—ßπ’È

§«“¡‡ ’Ë¬ß¥â“πªØ‘∫—μ‘°“√ ë

§«“¡‡ ’Ë¬ß®“°°“√ ‘Èπ ÿ¥ —¡ª∑“πª√–°Õ∫°‘®°“√‰øøÑ“ —¡ª∑“πª√–°Õ∫°‘®°“√‰øøÑ“‡√–¬–‡«≈“ 15 ªï ‘Èπ ÿ¥ªï 2555 ∑’Ë∫√‘…—∑¡’Õ¬Ÿà‡¥‘¡‰¥â∂Ÿ°¬°‡≈‘° ·≈–‡ª≈’Ë¬π‡ªìπ„∫Õπÿ≠“μª√–°Õ∫ °‘®°“√æ≈—ßß“π μ“¡ª√–°“»§≥–°√√¡°“√°”°—∫°‘®°“√æ≈—ßß“π ‡√◊ËÕß°“√°”Àπ¥ª√–‡¿∑·≈–Õ“¬ÿ„∫Õπÿ≠“μ°“√ª√–°Õ∫ °‘®°“√æ≈—ßß“π æ.». 2551 ¢Õß§≥–°√√¡°“√°”°—∫°‘®°“√æ≈—ßß“ππ—Èπ ‚¥¬¡’Õ“¬ÿ 15 ªï ‘Èπ ÿ¥ 2567 ∑”„Àâ∫√‘…—∑‰¡à¡’§«“¡ ‡ ’Ë¬ß¢Õß°“√‰¡à ‰¥â√—∫Õπÿ≠“μª√–°Õ∫°‘®°“√‰øøÑ“°àÕπ —≠≠“´◊ÈÕ¢“¬‰øøÑ“°—∫°“√‰øøÑ“´÷Ëß®– ‘Èπ ÿ¥„πªï 2567

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§«“¡‡ ’Ë¬ß¥â“π¢âÕ∫—ß§—∫‡°’Ë¬«°—∫ ‘Ëß·«¥≈âÕ¡·≈–§«“¡ª≈Õ¥¿—¬ ∫√‘…—∑‰¥âªØ‘∫—μ‘μ“¡°ÆÀ¡“¬·≈–¢âÕ∫—ß§—∫‡°’Ë¬«°—∫º≈°√–∑∫ ‘Ëß·«¥≈âÕ¡·≈–§«“¡ª≈Õ¥¿—¬Õ¬à“ß‡¢â¡ß«¥ μàÕ‡π◊ËÕß¡“‚¥¬μ≈Õ¥ ·≈–¡’Àπà«¬ß“π√—∫º‘¥™Õ∫μ‘¥μ“¡ «‘‡§√“–Àåº≈ ®—¥∑”√“¬ß“π°“√μ‘¥μ“¡¡“μ√°“√≈¥º≈°√–∑∫·≈–μ‘¥μ“¡μ√«® Õ∫°“√®—¥°“√ ‘ßË ·«¥≈âÕ¡ „Àâ°∫— ”π—°ß“ππ‚¬∫“¬·≈–·ºπ∑√—æ¬“°√∏√√¡™“μ‘·≈– ‘ßË ·«¥≈âÕ¡ °√¡‚√ßß“πÕÿμ “À°√√¡ ·≈– ”π—°ß“πÕÿμ “À°√√¡ ®—ßÀ«—¥™≈∫ÿ√‡’ ªìπª√–®”∑ÿ° 6 ‡¥◊Õπ ¡’°“√μ‘¥μ“¡°“√‡ª≈’¬Ë π·ª≈ß°ÆÀ¡“¬·≈–¢âÕ∫—ß§—∫μà“ßÊ ∑’‡Ë °’¬Ë «¢âÕß°—∫º≈°√–∑∫μàÕ ‘ßË ·«¥≈âÕ¡ ·≈–§«“¡ª≈Õ¥¿—¬Õ¬à“ß„°≈â™‘¥ ‡æ◊ËÕ„Àâ “¡“√∂°”Àπ¥¡“μ√°“√·≈–·ºπ√Õß√—∫‰¥â∑—π∑à«ß∑’ Õ’°∑—Èß‰¥â¡’°“√¥”‡π‘π°“√¥â“π™ÿ¡™π —¡æ—π∏å„πæ◊πÈ ∑’ÕË ¬à“ßμàÕ‡π◊ÕË ß àßº≈„Àâ∫√‘…∑— ‰¥â√∫— √“ß«—≈ ∂“πª√–°Õ∫°“√∑’ªË Ø‘∫μ— μ‘ “¡¡“μ√°“√„π√“¬ß“π°“√«‘‡§√“–Àåº≈°√–∑∫

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Risk Factors and Management In consequence of continually risk management control, the risk factors disclosed have been reasonably well managed. Apart from the risk factors directly related to its business in general, other risk factors are described as follows:

Operation Risks ë

Risks from the Expiry of the Concession to Operate the Power Business Because of the Energy Regulatory Commission Notification on Energy Industry Operation License Types and Classifications B.E. 2008, the companyûs concession to operate the power business that would have ended in 15 years or in 2012 was cancelled and changed to energy industry operation license, which will terminate in 15 years or in 2024. As a result, the company bears no risk for its concession not being extended before the contract with EGAT ends in 2024.

Raw Materials Risk To secure essential raw materials, natural gas and raw water, the company has defined alleviating measures by signing a contract with the PTT Public Company Limited for 21 years with four years extendable to purchase its natural gas. The contract term is 21 years with. Meanwhile, a 25-year contract with the Eastern Water Resources Development and Management PCL was signed for the raw water supply. In emergency case, the raw water can be drawn from a reservoir in the Sriracha Saha Group Industrial Park and 2,000 cubic meters retention pond within the power plant. Consequently, the impact for raw material shortage is hardly occurred.

Risk of Changes in Raw Materials Prices The changes in main raw material prices such as gas price shall not be severely impacted to the company revenue since the company shall have compensation from the energy charge which calculated using a formula linked to the respective natural gas price. Additionally, the electricity charge to Saha Pattana Inter-Holding PCL is referenced with the electricity tariff of the Provincial Electricity Authority. The tariff contains one component called a fuel tariff adjustment (FT) which will be adjusted every four-month period to reflect the actual average fuel costs, therefore, the change in fuel costs is also compensated. In case that the tariff adjustment is not consistently to the fluctuation of natural gas price, the company operation might be slightly effected to the revenue of selling electricity only to the industrial park.

Risk in Dependence on Operation and Maintenance Even the company is dependent on OEG for operation and maintenance, the risk on contract termination is quite low. Since both OEG and the company have a common shareholder namely S&J International Enterprises PCL. To efficiently manage its operation, the company has set a key performance index for them to align in accordance with the company business.

Environmental and Safety Risk The company has continually monitored and controlled the environmental and safety impact in accordance with all relevant regulatory standards. The environmental and safety management has been assigned to monitor, assess and control any impacts Biannual reports on Environment Impact Assessment are regularly submitted to the Office of Natural Resources and Environmental Policy and Planning (ONEP. Such continual proactive management resulted in two consecutive year awards to the company as an outstanding enterprise in the power industry that implements the appropriate prevention and mitigation measure in accordance with the environmental

33 This annual report is printed on Green Series paper made from 100% Eco Fiber

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§«“¡‡ ’Ë¬ß„π°“√∂Ÿ°ª√—∫≈¥ª√‘¡“≥æ≈—ß‰øøÑ“μ“¡ —≠≠“´◊ÈÕ¢“¬‰øøÑ“°—∫°“√‰øøÑ“ΩÉ“¬º≈‘μ·Ààßª√–‡∑»‰∑¬ μ≈Õ¥√–¬–°“√¥”‡π‘π°“√∑’Ëºà“π¡“ ∫√‘…—∑ “¡“√∂º≈‘μ·≈–®—¥ àß‰øøÑ“‰¥âÕ¬à“ß‡æ’¬ßæÕμ“¡ —≠≠“·≈–¬—ß¡’°”≈—ß°“√º≈‘μ ”√Õß “¡“√∂√Õß√—∫°“√„™â ‰øøÑ“¿“¬„π «πÕÿμ “À°√√¡‡§√◊Õ Àæ—≤πå-»√’√“™“‡æ‘Ë¡¢÷Èπ‰¥âÕ’° 40 % ¢Õß§«“¡μâÕß°“√ „πªí®®ÿ∫—π √«¡∑—Èß¡’°“√°”Àπ¥‡ß◊ËÕπ‰¢„π —≠≠“°“√ªØ‘∫—μ‘°“√·≈–∫”√ÿß√—°…“°—∫ ∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ „Àâ¡’°“√√—∫ª√–°—πª√‘¡“≥ (Capacity) ·≈–‡ ∂’¬√¿“æ„π°“√®à“¬‰øøÑ“„Àâ°—∫°“√‰øøÑ“ΩÉ“¬º≈‘μ·Ààßª√–‡∑»‰∑¬ „π™à«ß§«“¡ μâÕß°“√„™â ‰øøÑ“ Ÿß ÿ¥ (EGAT Peak Period Capacity) ®÷ß¡’§«“¡‡ ’Ë¬ß¢Õß°“√∂Ÿ°ª√—∫≈¥ª√‘¡“≥æ≈—ß‰øøÑ“μ“¡ —≠≠“´◊ÈÕ¢“¬ ‰øøÑ“πâÕ¬¡“°

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§«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬ ¥Õ°‡∫’È¬‡ß‘π°Ÿâ ‡ªìπÕ—μ√“¥Õ°‡∫’È¬§ß∑’Ë ®π∂÷ßªï 2553 ·≈– “¡“√∂‡®√®“À√◊Õ®—¥À“·À≈àß‡ß‘π°Ÿâ¥Õ°‡∫’È¬§ß∑’ËμàÕ‰ª‰¥â ®÷ß‰¡à ¡’ §«“¡‡ ’Ë¬ß„π‡√◊ËÕß°“√º—πº«π¢ÕßÕ—μ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

impact assessment reports and environmental management practice in the EIA Monitoring Awards by the Ministry of Natural Resources and Environment. As such the company does not foresee any environmental risks which may cause suspended operation or major cost for environmental control improvement.

Business Risks ë

Risk of Termination of Electricity and Steam Purchase Agreement The company exposed to the risk if any one of two customers, EGAT and SPI, terminates its contract. However, since the commencement date till now, the company has continually fulfilled all obligations under the contract, the risk of early termination is deemed low.

Risk in Reduction of Electricity Purchase Demand of EGAT The company has always been able to generate and provide adequate electricity supply to EGAT and still have reserved capacity to provide 40% more of the existing electricity demand to the industrial tenants in the Sriracha Saha Group Industrial Park. The company also specified the conditions in the operation and maintenance agreement with the Operational Energy Group Co., Ltd. (OEG) that OEG must guarantee the capacity and reliability of the electricity supply to EGAT, especially during peak periods. Therefore, the risk in reduction of EGATûs electricity demand in the purchase contract is very low.

Financial Risks ë

Fluctuation in Exchange Rate Risk The fluctuation in exchange rate between Baht and the US Dollar directly affected the majority of the companyûs revenue from electricity capacity charge to EGAT. Since 80% of the capacity charges are indexed to the US currency rate. However, each one baht change in the exchange rate will affect the companyûs income approximately 0.70% of the overall income, the risk on fluctuation in exchange rate is low.

Risk of Interest Rate The company carries no interest risk because of the current fixed interest rate till 2010. After the due date, the company is capable to negotiate or afford the good fixed interest rate. The risk on fluctuation of interest rate is very low.

35 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Corporate Governance The Board of Directors of the company places importance on the building of good governance and carrying on business with transparency, integrity and accountability to performance, being competitive and fair to all parties concerned, in order to create prosperity and add economic value and wealth to shareholders. Management of the company is based on the good governance principles of the Stock Exchange of Thailand and Sufficiency Economy, namely moderation, reasonableness and good immunity, by relying on knowledge, prudence and carefulness in planning and operation. At the same time all executives and employees are encouraged to be ethical, honest, diligent, patient, and to share and use wisdom in their conduct, in order to cope with economic, political, cultural and social changes for balanced and sustainable well-being. The companyûs good governance statement comprises good governance policy, business ethics and code of conduct. It passed approval by the Board of Directors of the company on February 19, 2003 and its suitability has been regularly reviewed. The company considers its good governance policy, business ethics and code of conduct to be appropriate to the present situation, and they have been circulated to the directors, executives and employees and publicized on the companyûs website at www.sahacogen.com so as to be the uniform guideline for business conduct. The companyûs good governance statement has been divided into the following 5 chapters in line with the good governance practice for listed companies of 2006 of the Stock Exchange of Thailand:

Chapter 1: Rights of Shareholders Shareholders have rights of ownership. The companyûs good governance policy covers the protection of rights of shareholders by recognizing and observing rights of ownership of shareholders. The company encourages shareholders to exercise their rights and treats every shareholder equally. The basic rights of shareholders are purchase and sale or transfer of shares, sharing in profits, adequate access to news and information of the company, attendance of shareholdersû meeting to voice their opinion and participate in decision-making by voting at the shareholdersû meeting, e.g. election of the companyûs directors, determination of remuneration of the companyûs directors, appointment of auditor and approval of matters affecting the company. In addition to their basic rights, the company also takes steps taking into account rights of shareholders, without impingement on their rights, and encourages and facilitates the exercise by shareholders of their rights as follows: 1.1 Right to information: Shareholders have equal right to information. The company publicizes its information in both Thai and English languages through the Stock Exchange of Thailand and on its website at www.sahacogen.com. This will enable shareholders to receive information from the company such as results of operations, connected transactions, purchase or sale of material assets, top 10 shareholders of the company on the date of close of shareholders register for annual general shareholdersû meeting, minutes of shareholdersû meeting, which must be completed within 14 days from the date of the meeting, and essential information for decision-making by shareholders. 1.2 Right to attend shareholdersû meeting: The company has held the annual general shareholdersû meeting within 4 months from the last day of its fiscal year. In 2008, the company, for ease of shareholders, held such meeting No. 7 on April 28, 2009 at Montien Riverside Hotel, No. 372 Rama 3 Road Bangkhlo, Bangkok, Thailand. Before the date of the shareholdersû meeting The company will notify the schedule of shareholdersû meeting 7 weeks before the date of meeting, which was February 27, 2009 so that shareholders can arrange their time to attend the meeting. In 2009, the general annual shareholdersû meeting was held on April 28, 2009, and the notice of the meeting together with all meeting documents with the same contents as those to be delivered to shareholders in a hard copy were publicized through 37 This annual report is printed on Green Series paper made from 100% Eco Fiber

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”À√—∫«“√–°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑’Ë ”§—≠ ‰¥â·°à (1) °“√‡≈◊Õ°μ—Èß°√√¡°“√∫√‘…—∑: ∫√‘…—∑‡ªî¥‚Õ°“ „ÀâºŸâ∂◊ÕÀÿâπ„™â ‘∑∏‘‡≈◊Õ°μ—Èß°√√¡°“√‡ªìπ√“¬∫ÿ§§≈ ‚¥¬¡’¢âÕ¡Ÿ≈‡∫◊ÈÕßμâπ¢Õß ∫ÿ§§≈∑’‡Ë πÕ„Àâ‡≈◊Õ°μ—ßÈ √«¡∑—ßÈ ¢âÕ¡Ÿ≈„π°“√¥”√ßμ”·Àπàß„π°‘®°“√Õ◊πË ¢Õß∫ÿ§§≈ºŸ∂â °Ÿ ‡ πÕ™◊ÕË ‚¥¬∫√‘…∑— ®–√–∫ÿ‰«âÕ¬à“ß™—¥‡®π „π°√≥’∑∫’Ë §ÿ §≈ºŸ∂â °Ÿ ‡ πÕ™◊ÕË ‡ªìπ°√√¡°“√„π∫√‘…∑— ∑’ªË √–°Õ∫°‘®°“√Õ—π¡’ ¿“æÕ¬à“ß‡¥’¬«°—π·≈–‡ªìπ°“√·¢àß¢—π°—∫°‘®°“√¢Õß ∫√‘…—∑ √«¡∑—Èß√“¬≈–‡Õ’¬¥¢Õß°“√ª√–™ÿ¡§≥–°√√¡°“√∑’Ë‡°’Ë¬«°—∫∫ÿ§§≈∑’Ë∂Ÿ°‡ πÕ™◊ËÕ ‚¥¬‰¥âºà“π°“√æ‘®“√≥“°≈—Ëπ°√Õß®“° §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π‡æ◊ËÕ„Àâ ‰¥â∫ÿ§§≈∑’Ë‡À¡“– ¡°àÕπ‡ πÕ§≥–°√√¡°“√∫√‘…—∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

the companyûs website in Thai and English languages in advance, so that shareholders could study them in advance before delivery of those documents on March 27, 2009. At each agenda item there were facts and reasons as well as opinion of the Board of Directors together with supporting documents for the meeting, e.g. annual report, proxy form B, resume of persons nominated as directors, map of the meeting venue, directions on documents and evidences to be produced by shareholders in attending the meeting, the companyûs articles of association relating to the general annual shareholdersû meeting and meeting procedure. The company authorized Thailand Securities Depository Co., Ltd., the companyûs share registrar, to deliver them to shareholders 14 days before the date of the shareholdersû meeting, so that shareholders who were not able to attend the meeting in person could authorize other or an independent director indicated in the proxy form stipulated by the Ministry of Commerce to attend and vote on behalf of the shareholders. Announcement was also made in a daily newspaper for three consecutive days not less than 3 days prior to the date of the meeting to inform shareholders so that they have sufficient time to prepare themselves for the meeting. The date of shareholdersû meeting The companyûs directors place importance on shareholdersû meeting and it is considered as their duty to attend the meeting except in case of illness or important engagement. At the general annual shareholdersû meeting No. 7 held on April 28, 2009. thirteen directors were present. In addition, Department Manager - Project Management & Engineering, Department Manager - Administration, Accounting Manager, Quality, Safety & Environment Manager and auditor also attended the shareholdersû meeting so as to answer the shareholdersû questions. The company facilitated all shareholders equally so that they could fully exercise their rights to attend the shareholdersû meeting and vote, with the date, time and place of meeting not being an obstacle to attending the meeting. Adequate personnel were also provided to facilitate the registration of the meeting and registration was commenced for not less than 2 hours prior to the time of the meeting. Shareholders who attended the meeting after the meeting had commenced were allowed to vote on the agenda items not yet considered, and their presence was counted as part of the quorum since the agenda item on which voting was made. The company used barcode system to count the votes cast on each agenda item and the results were announced to shareholders promptly and transparently. Duty stamps for affixing on proxies was also provided at the front desk. Appropriate catering was provided to shareholders attending the meeting. At each shareholdersû meeting, the company would report its results of operations, rate of dividend, consideration of and voting on matters required by law and articles of association. At the beginning of the meeting, the company secretary reported the number/proportion of shareholders attending the meeting. Then the Chairman of the Board declared the meeting convened and presided over the meeting. He explained rules applicable to the meeting and procedure of voting, and conducted the meeting in accordance with the agenda, without adding agenda items or changing essential information without prior notice to shareholders. Appropriate and adequate time was allocated for discussion of issues of each agenda item. The shareholders were provided with an opportunity to ask questions and comment on each agenda item. At last yearûs meeting no shareholder asked question or commented. However, if in any year shareholders asked questions or commented, the directors would clearly and precisely answer their questions. Result of voting at each agenda item would be concluded and presented to shareholders. Significant agenda of the shareholdersû meeting included: (1) Appointment of directors: The company allows shareholders to elect directors individually, with data of persons nominated for election and their holding of positions in other businesses in cases where they are directors in a company operating business of the same nature as, and competitive to, the companyûs business, Additionally, the details of the Board of Directors meeting regarding the consideration of the nominated persons screened by the Normination and Remuneration Committees for proposed to the shareholdersû meeting are disclosed. 39 This annual report is printed on Green Series paper made from 100% Eco Fiber

(2) °”Àπ¥§à“μÕ∫·∑π°√√¡°“√∫√‘…—∑: ∫√‘…—∑‰¥â¡’°“√‡ πÕ«ß‡ß‘π§à“μÕ∫·∑π„Àâ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπÕπÿ¡—μ‘‡ªìπª√–®”∑ÿ°ªï ‚¥¬ §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑ππ”‡ πÕμàÕ§≥–°√√¡°“√∫√‘…∑— ‡æ◊ÕË æ‘®“√≥“ ·≈–‰¥â¡°’ “√·®âß„Àâ∑√“∫∂÷ß«ß‡ß‘π ∑’Ë ‰¥â√∫— Õπÿ¡μ— ·‘ ≈–®”π«π‡ß‘π∑’®Ë “à ¬‰ª®√‘ß¢Õßªï∑º’Ë “à π¡“ ·≈–¡’°“√ √ÿª®”π«π‡ß‘π∑’®Ë “à ¬„Àâ·°à°√√¡°“√∫√‘…∑— ‡ªìπ√“¬∫ÿ§§≈ „π·∫∫ 56-1 (3) °“√·μàßμ—ÈßºŸâ Õ∫∫—≠™’·≈–°”Àπ¥®”π«π‡ß‘π§à“ Õ∫∫—≠™’: ∫√‘…—∑®–·®âß¢âÕ¡Ÿ≈¢ÕßºŸâ Õ∫∫—≠™’ ”π—°ß“π Õ∫∫—≠™’ §«“¡‡ªìπ Õ‘ √– ·≈–®”π«πªï∑∑’Ë ”Àπâ“∑’μË √«® Õ∫∫—≠™’„Àâ·°à∫√‘…∑— √«¡∑—ßÈ ‡ª√’¬∫‡∑’¬∫§à“ Õ∫∫—≠™’√–À«à“ßªïª®í ®ÿ∫π— °—∫ªï∑º’Ë “à π¡“ ∑’Ë‰¥â ºà“π°“√æ‘®“√≥“®“°§≥–°√√¡°“√μ√«® Õ∫ ·≈–§à“∫√‘°“√Õ◊Ëπ∑’Ë¡’°“√√—∫∫√‘°“√®“° ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ ‡ πÕ„ÀâºŸâ∂◊ÕÀÿâπæ‘®“√≥“Õπÿ¡—μ‘ (4) °“√®à“¬‡ß‘πªíπº≈: ∫√‘…∑— ®–·®âß¢âÕ¡Ÿ≈‡°’¬Ë «°—∫π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ ®”π«π‡ß‘π∑’®Ë “à ¬®√‘ß‡∑’¬∫°—∫π‚¬∫“¬ ·≈–‡ª√’¬∫‡∑’¬∫ ‡ß‘πªíπº≈∑’Ë®à“¬√–À«à“ßªïªí®®ÿ∫—π°—∫ªï∑’Ëºà“π¡“ ‚¥¬„πªï 2552 ∫√‘…—∑‰¥â∫—π∑÷°«’¥’∑—»πå¿“æ°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπμ≈Õ¥√–¬–‡«≈“°“√ª√–™ÿ¡ ·≈–‰¥â‡º¬·æ√àºà“π website ¢Õß ∫√‘…—∑ www.sahacogen.com ë À≈—ß«—πª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ À≈—ß‡ √Á® ‘Èπ«—πª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑‰¥â®—¥∑”√“¬ß“π°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπÕ¬à“ß≈–‡Õ’¬¥ ¡’√“¬™◊ËÕ°√√¡°“√∫√‘…—∑∑’Ë‡¢â“ / ‰¡à‡¢â“√à«¡ª√–™ÿ¡ √«¡∑—Èß “‡Àμÿ°“√≈“ §”™’È·®ß∑’Ë‡ªìπ “√– ”§—≠ §”∂“¡·≈–§”μÕ∫À√◊Õ¢âÕ§‘¥‡ÀÁπ‚¥¬ √ÿª (À“°¡’) ´÷Ëß„πªï ∑’ºË “à π¡“‰¡à¡º’ ∂Ÿâ Õ◊ Àÿπâ ´—°∂“¡À√◊Õ· ¥ß§«“¡§‘¥‡ÀÁπ‡æ‘¡Ë ‡μ‘¡ √“¬≈–‡Õ’¬¥„π·μà≈–«“√–‡ªìπ‰ªμ“¡¢âÕ‡∑Á®®√‘ß„π∑’ªË √–™ÿ¡ ¡’°“√ √ÿª º≈°“√≈ß§–·ππ‡ ’¬ß„π·μà≈–«“√–‚¥¬·¬°‡ªìπ‡ÀÁπ¥â«¬ ‰¡à‡ÀÁπ¥â«¬·≈–ß¥ÕÕ°‡ ’¬ß ´÷Ëß√“¬ß“π°“√ª√–™ÿ¡¥—ß°≈à“«‰¥â√—∫°“√ Õ∫∑“π®“°§≥–°√√¡°“√∫√‘À“√·≈–ª√–∏“π°√√¡°“√∫√‘…—∑ °àÕπ≈ßπ“¡„π∞“π–ª√–∏“π∑’Ëª√–™ÿ¡ ·≈–‰¥â àß„Àâμ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬·≈– ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ√âÕ¡∑—ßÈ ‡º¬·æ√à∫π‡«Á∫‰´μå¢Õß∫√‘…∑— ¿“¬„π 14 «—π π—∫®“°«—πª√–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ∑—ßÈ ¿“…“‰∑¬·≈–¿“…“Õ—ß°ƒ… ‡æ◊ÕË ‡ªìπ™àÕß∑“ß„Àâº∂Ÿâ Õ◊ Àÿπâ “¡“√∂μ√«® Õ∫¢âÕ¡Ÿ≈‰¥â ‚¥¬‰¡à®”‡ªìπ μâÕß√Õ„Àâ∂÷ß°“√ª√–™ÿ¡§√—ÈßμàÕ‰ª æ√âÕ¡∑—Èßπ” àß°√–∑√«ßæ“≥‘™¬å¿“¬„π‡«≈“∑’Ë°ÆÀ¡“¬°”Àπ¥

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

(2) Determination of remuneration of directors: The company proposes the remuneration for approval by the shareholdersû meeting every year based on the results of its operations, amount of remuneration paid in the previous year, and the authorities and responsibilities of the Board of Directors. The Normination and Remuneration Committees propose the Board of Directors on such remuneration, which who approved and paid for consideration before proposing for consideration to the shareholdersû meeting for approval. The remuneration was paid to each director was disclosed on form 56-1. (3) Appointment of auditor and fixing of audit fee: The company will report to the shareholders for approval information on the auditor, audit firm, independence and number of years of performing audit for the company, comparison between audit fee of the current year and the previous yearûs, proposed audit fee that has passed deliberation by the Audit Committee, and other charges for services by the audit firm of the auditor. (4) Payment of dividend: The company will report its dividend policy, actual amount paid compared to that under the policy, and comparison between the dividend paid in the current year with that of the previous year. To transparently on the shareholdersû meeting, the company recorded video tape throughout the meeting period and shown on the companyûs website at www.sahacogen.com. ë After the date of the shareholdersû meeting After the date of the shareholdersû meeting, the company will prepare minutes of the annual general meeting stating the names of directors present/absent, cause of their absence, material explanations, questions and answers or comments in summary (if any). In the previous year there was no shareholder asking question or commenting. Details for each agenda item will reflect the reality at the meeting. Results of voting at each agenda item will be classified as voting for, voting against and abstention. The said minutes will be reviewed by the Executive Board and the Chairman of the Board before signing by the chairman of the meeting, and they will be sent to the Stock Exchange of Thailand and the Office of the Securities and Exchange Commission and publicized on the companyûs website within 14 days from the date of the shareholdersû meeting in Thai and English languages, so that the shareholders can examine them without waiting until the next meeting. They will also be submitted to the Ministry of Commerce within the period required by law.

Chapter 2: Equal Treatment of Shareholders The company respects the right of ownership of shareholders and treats every shareholder equally. Every shareholder has equal rights as follows: 1) Shareholdersû meeting: For foreign shareholders, the notice of meeting, meeting documents and minutes will be translated into English and delivered together with the Thai version or they can be viewed through the companyûs website in both Thai and English languages, so that all shareholders can consider and vote on the affairs of the company according to the agenda. If a shareholder is unable to attend the meeting, he or she can appoint a proxy or a member of the Audit Committee, who is an independent director of the company, to attend the meeting as representative to preserve his or her rights. The company has indicated the name, address and interest of each of the 4 members of the Audit Committee in the agenda of the notice so that shareholders can use such information in case he or she wishes to select a member of the Audit Committee as his or her proxy, and the information on the 4 members of the Audit Committee is available in the annual report delivered together with the notice of the meeting. The shareholder can use the form of proxy attached to the notice, which is form B, to encourage shareholders to vote. The form can also be downloaded from the companyûs website. There are 3 forms, i.e. forms A, B and C, prepared in compliance with the notification of the Ministry of Commerce. Any one form of proxy can be chosen. The company also provides duty stamps for shareholders appointing proxies. In 2009, the company held the annual general shareholdersû meeting No. 7 on April 28, 2009. There were a total of 93 shareholders

41 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

attending the meeting, representing 857,070,601 shares or 89.75% of total shares. Two shareholders holding 15,711,400 shares, authorized a member of the Audit Committee, who is an independent director as a proxy to vote for them. 2)

Right to vote at the meeting: The voting right is in accordance with the number of shares held by a shareholder with one share having one vote. The meeting is conducted in order of the agenda items. No agenda items are added or changed without prior notice to shareholders. 2.1 Voting at each agenda item is made openly: Ballots are provided for shareholders for every agenda item. Counting of votes will be made for only those who vote against and/or abstain from voting, and these votes will be deducted from the total votes of shareholders present. The rest will be deemed as votes cast for. Accordingly, if at an agenda item, there is any shareholder who votes against or abstains from voting, a score signboard received upon registration will be shown. The signboard will indicate the name of the shareholder present, number of shares held or represented and barcode. The person in charge will bring the ballot to such shareholder for signing as evidence for transparency and examination afterwards. The company uses barcode to help in counting votes and displays the result promptly on the screen in the conference room. All shareholders can simultaneously know the votes for each agenda item classified as voting for, voting against and abstention. In the annual general shareholdersû meeting No. 6, the company had invited Mrs. Kobsuk Saengsawad, the lawyer of VIRA LAW Office Co., Ltd. as the witness of the vote. 2.2 Supervision of use of internal information: The company has internal information supervision measures, which are provided in its ethics toward the company and shareholders and in the code of conduct for directors, executives and employees so that they will perform duties with integrity, responsibility, disciplines and accountability to the public and themselves, without abuse of their positions or functions for undue benefit for themselves and/or others. They are also required to preserve the interest and assets of the company, without use of the companyûs information and assets for their own and/or othersû benefit. No act may be done to support any other person to do business in competition with the company. The company has announced the same to its directors, executives and employees as a guideline for their business conduct and performance, and this is also publicized on the companyûs website. In the companyûs work rules, the said matter is also covered with highest disciplinary measure, i.e. termination of employment. The companyûs directors, executives and employees have performed as stipulated. 2.3 Inclusion of trading of the companyûs securities in its code of conduct: The company prohibits its directors, executives and employees who are in the departments in which they may be aware of internal information, from trading the companyûs securities during the period of one month before disclosure of its financial statements to the public. In addition, the companyûs directors and executives (including their spouse and minor children) are required to report their securities holding. In case of trading of the companyûs shares, they must notify the Office of the Securities and Exchange Commission, with copy to the Company secretary of Directors of the company, so that the same will be reported to the Board of Directors at the next Board of Directors meeting. At each Board of Directors meeting, there is an agenda item on holding of the companyûs securities by directors and executives, who know that they are required to comply with the applicable rules. In addition, if there is any change in this matter, the company will send a letter notifying the directors and executives of the same, with copy of letter and notification of the Securities and Exchange Commission regarding the said matter. During the past year, the directors and executives of the company have strictly complied with the said policy. There was no trading of shares during the prohibition period. There was one director who traded the companyûs securities and he notified the Office of the Securities and Exchange Commission of the same within the required period and have reported their securities holding to the Board of Directors of the company. 2.4 Conflict of interest: The company carries on business with prudence, reasonableness, taking into account the best interest of the company. Pricing is made on the fair commercial terms as if it were a transaction made with a third party, with the practice in the said matter with transparency and in compliance with the rules of the Stock 43 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Exchange of Thailand. This is stipulated as one policy in good governance and is also provided in the ethics required for treatment of the company and shareholders. Information is disclosed to provide equal opportunity of access to information. For example, for a connected transaction, the company has complied with the notification of the Stock Exchange of Thailand regarding disclosure of information and practice of a listed company in a connected transaction. The company also requires that interested directors leave the conference room and abstain from voting on that agenda item so that the uninterested directors can fully provide their opinion and be independent in voting. The Company secretary of Directors will notify the meeting that for that agenda item, which directors who have an interest must leave the conference room. Upon completion of the meeting, the name, relationship of the connected person, pricing, value of transaction, and directors who have dissenting opinion from that of the Board of Directors (if any) will be disclosed to the Stock Exchange of Thailand within the period required and the same will be publicized on the companyûs website for the sake of transparency. The same will also be recorded in the minutes of meeting for examination afterwards. For the annual general shareholdersû meeting No. 7, the company has allowed shareholders to propose an agenda and candidate for director election which all criteria and conditions are both in Thai and English informing through the SET channel and the companyûs website on the subject of investor relation Shareholders shall propose their agenda during November 16, 2009 to December 16, 2009 directly to the company secretary as well.

Chapter 3: Roles of Stakeholders The company places importance on the interests of various stakeholders, by carrying on its business with accountability and fairness to all parties concerned. The company is committed to developing its business to achieve prosperity and sustainable growth, appropriately generating return to shareholders and protecting the companyûs interest and assets as if a reasonable man would do to preserve his own assets. This ensures that all stakeholders will be treated fairly, and the same is provided in the code of conduct for executives and employees. Shareholders The company respects the basic rights of shareholders as provided by law, articles of association, and code of conduct of the company, by treating all shareholders equally. The company has set up mechanism by which the shareholders can be confident that they will receive accurate information and appropriate return, fair return according to the companyûs dividend policy. There are control of inter-transactions, conflict of interest prevention measures, prevention of use of internal information that is confidential. No directors, executives and employees who are aware of internal information may use the companyûs internal information for their own benefit including trading of the companyûs securities during the period of one month prior to disclosure of its financial statements to the public. This is also stipulated in the code of conduct of employees. In 2009, the company paid dividend from its operation of 2008 at the rate of Baht 0.15 per share, accounting for 50.09% of its net profits of its own financial statements. The dividend was scheduled to be paid on May 22, 2009. Dividend is paid to shareholders continuously every year, truly generating long-term wealth to shareholders. In addition, the company reports its results of operations on a quarterly basis and discloses transactions with connected persons on the terms as if made with a third party through the report system of the Stock Exchange of Thailand and the companyûs website. Customers The company carries on business with integrity and fairness and provides accurate information to its customers. Complaints of customers are paid attention to and dealt with fairly to promptly response to the demands of the customers. Goods and services are developed to meet the demands of customers. Commercial partners The company adheres to commercial terms and conditions within the framework of good faith and fair competition. The company strictly keeps its promises to its commercial partners. They will be paid, receive goods as agreed punctually

45 This annual report is printed on Green Series paper made from 100% Eco Fiber

√«¡∑—ßÈ °“√‡ √‘¡ √â“ß —¡æ—π∏¿“æ·≈–§«“¡‡¢â“„®∑’¥Ë μ’ Õà °—π √«¡∂÷ß·≈°‡ª≈’¬Ë π§«“¡√Ÿâ √à«¡°—πæ—≤π“ ‘π§â“·≈–∫√‘°“√‡æ◊ÕË ‡æ‘¡Ë §ÿ≥§à“„Àâ·°à ‘π§â“·≈–∫√‘°“√ ‰¡à‡√’¬°√—∫ À√◊Õ¬‘π¬Õ¡∑’Ë®–√—∫∑√—æ¬å ‘π À√◊Õª√–‚¬™πåÕ◊Ëπ„¥ ´÷ËßÕ¬ŸàπÕ°‡Àπ◊Õ¢âÕμ°≈ß∑“ß°“√§â“ ‡®â“Àπ’È ∫√‘…—∑ªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢∑’Ë¡’μàÕ‡®â“Àπ’È ‚¥¬‡§√àß§√—¥ ‚¥¬„πªï∑’Ëºà“π¡“ ∫√‘…—∑™”√–‡ß‘π„Àâ°—∫‡®â“Àπ’È°“√§â“μ√ßμ“¡ Credit term ∑’Ë ‰¥âμ°≈ß°—π‰«â≈à«ßÀπâ“ ‚¥¬‰¡à¡’°“√º‘¥π—¥™”√–·μàÕ¬à“ß„¥ æπ—°ß“π ∫√‘…—∑„Àâ§«“¡ ”§—≠„π°“√æ—≤π“∫ÿ§≈“°√ ¥â«¬μ√–Àπ—°¥’«à“æπ—°ß“π‡ªìπ∑√—æ¬“°√∑’Ë¡’§à“·≈–‡ªìπÀ—«„® ”§—≠∑’Ë®–π”æ“Õß§å°√ ¡ÿàß‰ª Ÿà§«“¡ ”‡√Á® ∫√‘…—∑®÷ß¡ÿàß¡—Ëπ àß‡ √‘¡°“√Ωñ°Õ∫√¡ °“√æ—≤π“§«“¡√Ÿâ§«“¡ “¡“√∂¢Õßæπ—°ß“πÕ¬à“ß∑—Ë«∂÷ß ‡æ◊ËÕ‡ªìπ√“°∞“π„π°“√ π—∫ πÿπμàÕ°≈¬ÿ∑∏å ”§—≠∑“ß∏ÿ√°‘®¢Õß∫√‘…—∑Õ¬à“ßμàÕ‡π◊ËÕß æ√âÕ¡°—∫ √â“ß§«“¡¡—Ëπ§ß„πÕ“™’æ ·≈–„Àâ ‚Õ°“ „π°“√‡®√‘≠°â“«Àπâ“μ“¡ »—°¬¿“æ¢Õß·μà≈–∫ÿ§§≈ μ≈Õ¥®π°“√ àßæπ—°ß“π‰ª»÷°…“√–∫∫ß“πμà“ßÊ ®“°§Ÿ§à “â ¢Õß∫√‘…∑— ∑—ßÈ „π·≈–μà“ßª√–‡∑» ‡æ◊ÕË æ—≤π“∫ÿ§≈“°√ „Àâ¬ß—Ë ¬◊π·≈–·¢àß¢—π‰¥â „π∑ÿ° ∂“π°“√≥å √«¡∂÷ß„Àâæπ—°ß“π¡’ «à π√à«¡„π°“√°”Àπ¥∑‘»∑“ß°“√¥”‡π‘πß“π·≈–æ—≤π“ ∫√‘…∑— „Àâº≈μÕ∫·∑π ¥â«¬§«“¡‡ªìπ∏√√¡ ‡À¡“– ¡°—∫§«“¡√Ÿâ§«“¡ “¡“√∂ §«“¡√—∫º‘¥™Õ∫ ·≈–º≈°“√ªØ‘∫—μ‘ß“π¢Õßæπ—°ß“π·μà≈–§π (√“¬≈–‡Õ’¬¥°“√ ªØ‘∫—μ‘μ“¡π‚¬∫“¬¥—ß°≈à“«‡ªî¥‡º¬Õ¬Ÿà„πÀ—«¢âÕ 9.6.2 çπ‚¬∫“¬°“√æ—≤π“∫ÿ§≈“°√é „π·∫∫56-1) ∫√‘…—∑¡’°“√¥Ÿ·≈√—°…“ ¿“æ·«¥≈âÕ¡„π°“√∑”ß“π ‚¥¬§”π÷ß∂÷ß§«“¡ª≈Õ¥¿—¬μàÕ™’«‘μ ÿ¢¿“æ ·≈–∑√—æ¬å ‘π¢Õßæπ—°ß“π ‚¥¬ °”Àπ¥‡ªìππ‚¬∫“¬¥â“π§«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬ ·≈– ¿“æ·«¥≈âÕ¡„π°“√∑”ß“π æ√âÕ¡®—¥μ—Èß§≥–°√√¡°“√§«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬ ·≈– ¿“æ·«¥≈âÕ¡„π°“√∑”ß“π ‡æ◊ËÕ∑”Àπâ“∑’Ë¥Ÿ·≈√—∫º‘¥™Õ∫ß“π¥â“ππ’È ‚¥¬‡©æ“–„Àâ‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ ·≈–¡’ °“√μ‘¥μ“¡º≈¥”‡π‘πß“πÕ¬Ÿà‡ªìπª√–®” ‚¥¬„πªï 2552 ∫√‘…—∑®—¥„Àâ¡’°“√Ωñ°Õ∫√¡À≈—° Ÿμ√ ç®‘μ ”π÷°§«“¡ª≈Õ¥¿—¬„π°“√∑”ß“πé ·≈–À≈—° Ÿμ√ ç°“√¥—∫‡æ≈‘ß¢—πÈ μâπ·≈–Õæ¬æÀπ’‰øé √«¡∑—ßÈ °“√´âÕ¡Õæ¬æÀπ’‰ø ‡æ◊ÕË „Àâæπ—°ß“π‡°‘¥§«“¡√Ÿ§â «“¡‡¢â“„®·≈–∑√“∫·π«∑“ß ªØ‘∫—μ‘∑’Ë∂Ÿ°μâÕß μ≈Õ¥®π°“√‡º¬·æ√à¢à“« “√§«“¡√Ÿâ‡°’Ë¬«°—∫§«“¡ª≈Õ¥¿—¬„Àâæπ—°ß“π√—∫∑√“∫ºà“ππ‘∑√√»°“√·≈–√–∫∫Õ‘π∑√“‡πÁμ ¢Õß∫√‘…—∑ Õ¬à“ß ¡Ë”‡ ¡Õ „π¢≥–‡¥’¬«°—π ∫√‘…—∑‰¥â¡’°“√μ√«® Õ∫§«“¡ª≈Õ¥¿—¬·≈– ¿“æ·«¥≈âÕ¡¿“¬„π‚√ßß“πÕ¬Ÿà‡ªìπª√–®” Õ’°∑—Èß®—¥‡§√◊ËÕß¡◊Õ ‡§√◊ËÕß„™â·≈–Õÿª°√≥å¥â“π§«“¡ª≈Õ¥¿—¬μà“ßÊ „Àâ·°àæπ—°ß“π„π°√≥’‡°‘¥‡Àμÿ©ÿ°‡©‘π πÕ°®“°π’È ∫√‘…—∑¬—ß®—¥„Àâ¡’ «— ¥‘°“√μà“ßÊ ·°àæπ—°ß“π ‡æ◊ËÕ∑’Ë®– àß‡ √‘¡„Àâæπ—°ß“π¡’§ÿ≥¿“æ™’«‘μ·≈–§«“¡‡ªìπÕ¬Ÿà∑’Ë¥’¢÷Èπ ‡™àπ ®—¥„Àâ¡’ÀâÕß ¡ÿ¥ °“√μ√«® ÿ¢¿“æ ª√–®”ªï §à“√—°…“æ¬“∫“≈ °“√ª√–°—π ÿ¢¿“æ °“√®—¥°“√·¢àß¢—π°’Ã“¿“¬„πª√–®”ªï ¡’‡§√◊ÕË ß·∫∫™ÿ¥øÕ√å¡„Àâ°∫— æπ—°ß“π °Õß∑ÿπ ”√Õß ‡≈’È¬ß™’æ‡æ◊ËÕ°“√ÕÕ¡‡ß‘π„πÕπ“§μ ‚§√ß°“√‡ß‘π°Ÿâ‡æ◊ËÕ∑’ËÕ¬ŸàÕ“»—¬‚¥¬√à«¡¡◊Õ°—∫∏π“§“√Õ“§“√ ß‡§√“–Àå„πÕ—μ√“¥Õ°‡∫’È¬μË” ‡ªìπμâπ §Ÿà·¢àß∑“ß°“√§â“ ∫√‘…∑— ¥”‡π‘π∏ÿ√°‘®‚¥¬ªØ‘∫μ— μ‘ “¡°√Õ∫°μ‘°“¢Õß°“√·¢àß¢—π∑“ß°“√§â“‚¥¬ ÿ®√‘μ·≈–‡ªìπ∏√√¡¿“¬„μâ°√Õ∫¢Õß°ÆÀ¡“¬Õ¬à“‡§√àß§√—¥ ´÷Ëßμ≈Õ¥√–¬–‡«≈“∑’Ëºà“π¡“ ∫√‘…—∑‰¡à‡§¬¡’¢âÕæ‘æ“∑„¥Ê „π‡√◊ËÕß∑’Ë‡°’Ë¬«°—∫§Ÿà·¢àß∑“ß°“√§â“ ™ÿ¡™π·≈– —ß§¡ ∫√‘…—∑μ√–Àπ—°∂÷ß§«“¡√—∫º‘¥™Õ∫∑’Ë¡’μàÕ™ÿ¡™π·≈– —ß§¡ ¥â«¬°“√ª≈Ÿ°Ωíß®‘μ ”π÷°§«“¡√—∫º‘¥™Õ∫μàÕ™ÿ¡™π·≈– —ß§¡„Àâ‡°‘¥¢÷Èπ „π∫√‘…—∑Õ¬à“ßμàÕ‡π◊ËÕß √«¡∂÷ß¡’°“√ π—∫ πÿπ°‘®°√√¡Õ—π‡ªìπª√–‚¬™πåμàÕ™ÿ¡™π·≈– —ß§¡‚¥¬ à«π√«¡ ‘ßË ·«¥≈âÕ¡ ∫√‘…—∑¥”‡π‘π∏ÿ√°‘®‚¥¬§”π÷ßº≈°√–∑∫μàÕ∑√—æ¬“°√∏√√¡™“μ‘·≈– ‘Ëß·«¥≈âÕ¡ ∫√‘…—∑‰¥â√—∫√“ß«—≈ ∂“πª√–°Õ∫°“√∑’ËªØ‘∫—μ‘μ“¡ ¡“μ√°“√„π√“¬ß“π°“√«‘‡§√“–Àåº≈°√–∑∫μàÕ ‘Ëß·«¥≈âÕ¡ ·≈–¡’°“√®—¥°“√ ¿“æ·«¥≈âÕ¡¥’‡¥àπª√–®”ªï 2550 ·≈– 2551 ª√–‡¿∑ ‚§√ß°“√æ≈—ßß“π ®“° ”π—°ß“ππ‚¬∫“¬·≈–·ºπ∑√—æ¬“°√∏√√¡™“μ‘·≈– ‘Ëß·«¥≈âÕ¡ °√–∑√«ß∑√—¬æ“°√∏√√¡™“μ‘·≈– ‘Ëß·«¥≈âÕ¡

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

and are treated equally. The company promotes good relationship and understanding with them, exchanges knowledge, and cooperates with them in developing goods and services to add value to them. The company does not demand, receive or agree to receive property or any other benefit beyond commercial agreement. Creditors The company strictly adheres to commitment to its creditors. In the past year, the company paid its commercial creditors according to the credit terms agreed, without any default. Employees The company places importance on development of its personnel, recognizing that employees are a valuable resource and are keys to the organizationûs success. The company therefore commits to encouraging training, developing knowledge and skill of all employees so as to found the basis to support the companyûs important business strategies continuously. This will create security in their career and progress according to each personûs potential. The company also sends its employees to study from its commercial partners, local and abroad, so that its personnel are competitive in any situation. The employees are also encouraged to participate in setting direction for operation and development. The company provides compensation with fairness and appropriately to knowledge, capability, responsibility and performance of each employee. (Details of implementation of this policy are disclosed in Section 9.6.2 çPersonnel Development Policyé in Form 56-1) The company takes care of working environment, taking into account safety to life, health and property of employees by stipulating the policy on safety, occupational health and working environment. The safety, occupational health and working environment committee and safety, occupational health and working environment section are established to oversee this aspect to ensure efficiency with regular monitoring. In 2009, the company provided training on çWork Safety Awarenessé and çBasic Fire-Fighting and Evacuationé courses and conducted fire drill so that employees had knowledge and understanding of appropriate practice. The company also distributes information and knowledge concerning safety to employees through exhibition and the companyûs intranet regularly. At the same time, the company also regularly inspects safety and environment within its factory, and provides safety tools, appliances and equipment for employees in case of emergency. In addition, the company provides welfare to employees to promote their quality of life and well-being, e.g. library, annual physical check-up, medical expenses, health insurance, annual internal sports, uniform for employees, provident fund, housing loans with low interest rate in cooperation with the Government Housing Bank. Competitors The company carries on business strictly within good faith and fair competition scope within legal framework. The company has never had any dispute involving its competitors. Communities and society The company recognizes its responsibility to communities and society by raising awareness of responsibility to communities and society in the company continuously and promotes activities that benefit communities and society as a whole. Environment The company carries on business taking into account impact on natural resources and the environment. The company was awarded the EIA Monitoring Award 2007 and 2008 for an outstanding enterprise in power industry conforming to the measures in the environmental impact analysis and outstanding environmental management from the Office of Natural Resources and Environmental Policy and Planning, Ministry of Natural Resources and the Environment.

47 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

However, if shareholders or any stakeholders have any concerns about the accuracy of the financial statements, defective internal control, legal offense or misconduct, they can contact the Managing Director at tel. 038-4815555 or fax 038-481551 or email viroj@sahacogen.com or the Secretary to the Audit Committee, who reports directly to the Audit Committee, at tel. 038-481555 or email pannee@sahacogen.com, or Chairman of the Audit Committee at tel. 038-481555 or fax 038-481551. Results of investigation will be reported to the Board of Directors of the company. Those making report or complaint will be strictly kept confidential. In 2009, there was no complaint from any shareholder or stakeholders.

Chapter 4: Disclosure and Transparency The company places importance on disclosure of material financial information accurately and in the timely manner in accordance with the generally accepted accounting standard and principle, as well as non-financial information, with transparency, in strict compliance with laws, rules and regulations of the Office of the Securities and Exchange Commission, Stock Exchange of Thailand and other government agencies. The company also follows up with amendments thereto so that shareholders, investors and the general public can be confident that the laws, rules and regulations observed by the company are up-to-date, so that they are confident in the companyûs business operation, which will add value for shareholders. Parties concerned can access to information necessary to their decision-making through the channels provided by the company, e.g. annual report, Form 56-1, and the website of the Stock Exchange of Thailand at www.set.or.th and the companyûs website at www.sahacogen.com. In this connection, the company also provides its shareholders and investors with an opportunity to make inquiries through the companyûs investor relations, whereby the Managing Director is authorized to provide information and news to investors and those concerned, by making contact at tel. 038-481555, fax 038-481551 or email viroj@sahacogen.com. This will facilitate all stakeholders to access to information equally through several channels. Every time when there is a transaction that may involve a conflict of interest, the Audit Committee will attend the meeting and provide their opinion, and the director having a conflict of interest will not attend the meeting and not vote on that agenda item so that the decision of the Board of Directors and executives will be made fairly for the benefit of shareholders. Upon conclusion being reached the company will disclose the resolution of the meeting indicating the value of the transaction, contractual parties, reasons and needs for the transaction and other details of such transaction accurately, completely and in a timely manner in accordance with the rules of the Stock Exchange of Thailand. The transaction will also be summarized in the annual report and Form 56-1. For the mechanism for monitoring, reviewing and balancing the power of management to ensure transparency, the company has an internal control that covers management, operation and finance. The company has hired Dharmniti Auditing Co., Ltd. as internal auditor to assess the internal control in accordance with the guideline stipulated by the Board of Directors. The internal audit emphasizes on prevention to ensure concrete benefit of the relevant department. It will try to find the causes and propose opinion on improvements to ensure true benefit, with approval by the relevant department. The audit will also reveal adequate information to ensure transparency in accordance with the good governance practice. Audit results will be reported directly to the Audit Committee. The Executive Board has monitored the performance of Management by requiring reporting of progress of performance and results of operations of the company every month. If any director changes his or her holding of the companyûs securities, a copy of the report on securities holding submitted to the Office of the Securities and Exchange Commission must also be delivered to the Company secretary of Directors, so that the matter can be tabled at the next Board of Directors meeting. The Board of Directors has also provided a report on the accountability of the Board of Directors to the financial reports, which is presented along with the auditorûs report in the annual report, which is signed by the Chairman of the Board and the Managing Director.

49 This annual report is printed on Green Series paper made from 100% Eco Fiber

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«“√–°“√¥”√ßμ”·Àπàß·≈–°“√‰ª¥”√ßμ”·Àπàß°√√¡°“√∑’ËÕ◊Ëπ¢Õß°√√¡°“√ ∫√‘…∑— ‰¡à ‰¥â°”Àπ¥®”π«π«“√–°“√¥”√ßμ”·Àπàß À√◊Õ®”π«π∫√‘…∑— ∑’°Ë √√¡°“√∫√‘…∑— ·μà≈–§π¥”√ßμ”·Àπàß„π∫√‘…∑— Õ◊πË ‡π◊ÕË ß®“° ∫√‘…—∑¡’§«“¡‡™◊ËÕ«à“§«“¡ “¡“√∂∑“ß∏ÿ√°‘®·≈–§«“¡‡™’Ë¬«™“≠„π‡√◊ËÕßμà“ßÊ¢Õß°√√¡°“√∫√‘…—∑‰¡à ‰¥â¢÷ÈπÕ¬Ÿà°—∫®”π«π«“√–À√◊Õ ®”π«π∫√‘…∑— ∑’¥Ë ”√ßμ”·Àπàß μ√“∫‡∑à“∑’¬Ë ß— ¡’§«“¡ “¡“√∂Õÿ∑»‘ ‡«≈“„Àâ°∫— ∫√‘…∑— ‰¥âÕ¬à“ß‡μÁ¡∑’Ë “¡“√∂°”Àπ¥π‚¬∫“¬„Àâ§”ª√÷°…“ „π°“√·°âªí≠À“μà“ßÊ „π°“√¥”‡π‘π∏ÿ√°‘®‰¥âμ“¡«—μ∂ÿª√– ß§å∑’Ë∫√‘…—∑§“¥À«—ß‰«â ·≈–Õ”π“®„π°“√μ—¥ ‘π„®„π°“√‡≈◊Õ°μ—Èß∫ÿ§§≈ ‡¢â“¥”√ßμ”·Àπàß°√√¡°“√∫√‘…—∑π—Èπ ‡ªìπ ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ‚¥¬μ√ß∑’Ë®–§—¥‡≈◊Õ°∫ÿ§§≈‡¢â“∑”Àπâ“∑’Ë·∑πμπ„π°“√°”Àπ¥π‚¬∫“¬ ·≈–§«∫§ÿ¡∫√‘…—∑∑’Ëμπ‡ªìπ‡®â“¢Õß

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Remuneration of directors and executives ë

Remuneration of directors The Board of Directors has appointed the Nomination and Remuneration Committee to screen and consider the directorsû remuneration as appropriately and transparently to propose to the Board of Director and for approval on the shareholdersû meeting. Such remuneration shall be in consideration of the responsibilities, experience of the directors and comparable to the similar business in order to encourage and maintain qualified directors to stay with the company in the long term. On Annual General Shareholdersû Meeting no. 7 was held on April 28, 2009, the shareholders approved remuneration to the directors in maximum of Baht 10 million per year. The actual total amount paid was Baht 6,440,000 for as following: - Meeting Allowance which was paid only to the director attending the meeting - Annual remuneration to all directors in which the Nomination and Remuneration Committee will consider for appropriate allocation and propose to the Board of Directors. All remunerations and meeting allowance were accumulated as the amount approval from the Annual General Shareholderûs Meeting.

Executive remuneration The executive remuneration is in accordance with the companyûs principle and policy based on its results of operations and performance of each executive.

Chapter 5: Responsibility of the Board of Directors ë

Structure of the Board of Directors The Board of Directors of the company is comprised of 14 directors: Director & Executive Committee Non-Management Director Non-Management Director and Independent

5 directors 4 directors 5 directors

The company has 5 independent directors, representing 33.33% of the total number of directors. The company has no nomination committee. The Board of Directors will select directors from experts who have knowledge and capability from various professions, and who have vision, are ethical, have no misconduct record, and are able to provide opinion independently. The Board of Directors has clearly stipulated the duties and responsibilities of all committees, with the Managing Director, in the capacity of a member of Management, being appointed by the Board of Directors to oversee business operation and management of the companyûs affairs and its performance to achieve the objectives and goals, in line with the policy set by the Board of Directors. ë

Terms of directors and Number of companies in which a director holds offices The company does not fix a directorûs term or the number of companies in which a director holds offices. The company believes that the business capability and expertise of a director does not depend on his or her age or the number of companies in which he or she holds offices but depends on his or her competence in business management as the companyûs expectation. Moreover, a director appointed by the shareholdersû meeting shall be shareholdersû representatives to set a company policy to maximum high return to shareholders.

51 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Each directorûs details concerning on his term was reported on an attachment 1 on the form 56-1 and the annual report. The company presently has three directors who hold more than 5 offices. However, the company is trustfully that these directors devote and duly take his responsibility for the companyûs benefit and consistently attended a meeting. ë

Qualifications of Independent Directors The company has given the following definitions of an çindependent directoré based on the announcement of the Capital Market Supervisory Board. 1. The person must hold no more than 1% of shares with voting rights of the company, the parent company, the associates, the affiliates, the major shareholders or the entities with the authority to control the company; inclusive of shareholding by individuals related to such independent directors. 2.

The person must not be serving, or have served, as a director who is involved with the management, or a staff member, an employee or a consultant with a monthly wage. The person also must not be or be an individual with the authority to control the company, the parent company, the associates, the affiliates, the associates of the same level, the major shareholders or of the entities with the authority to control the company, with the exception of the case where he or she has retired from such a position for at least two years prior to the day on which he or she is appointed as an independent director. The ineligibility however does not include the case where an independent director has previously served as a public servant or a consultant of a government agency which is a major shareholder of, or an entity with the authority to control the company.

The person must not be related by blood or law as father, mother, spouse, sibling or child, spouse of son or daughter of executives, major shareholders, individuals with the authority to control the company or candidates for the position of an executive or an individual with the authority to control the company or an associate.

The person must not have, or have had, a business relationship with the company, the parent company, the associates, the affiliates, the major shareholders or the entities with the authority to control the company, in such a manner that may interfere with oneûs independent discretion. The person also must have not been or has been a shareholder, individuals with the authority to control the company, of the person who has business relationship with the company, the parent company, the associates, the affiliates, the major shareholder or the entities with the authority to control the company. There is an exception in the case where he or she has retired from such a position for at least two years prior to the day on which he or she is appointed as an independent director. The business relationship as described in the above paragraph is inclusive of normal trading transactions for the conduct of business; lease or letting of immovable; transactions relating to assets or service; provision or acceptance of financial assistance through acceptance or provision of loans and guarantees, the use of assets as collateral and other such practices which result in the company or the party to the agreement being under the obligation to repay the other party for an amount from 3% of net tangible assets of the company or from twenty million Baht whichever is lower. The calculation of such obligation to debt is to be in accordance with the related transaction value calculation method as per the Announcement of the Capital Market Supervisory Board on the Related Transaction Criteria with exceptions. The said obligation to debt includes that which has materialized during the period of one year prior to the day of business relationship with the same individual.

The person must not be, or has been an auditor of the company, the parent company, the associates, the affiliates, the major shareholders or the entities with the authority to control the company. The person also must not be a significant shareholder, an individual with the authority to control or a partner of the audit office with which the auditor the company, the parent company, the associates, the affiliates, the major shareholders or the entities with the authority to control the company is associated. There is an exception in such case where he or she has retired from such a position for at least two years prior to the day on which he or she is appointed as 53 an independent director. This annual report is printed on Green Series paper made from 100% Eco Fiber

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‰¡à¡’≈—°…≥–Õ◊Ëπ„¥∑’Ë∑”„Àâ ‰¡à “¡“√∂„Àâ§«“¡‡ÀÁπÕ¬à“ß‡ªìπÕ‘ √–‡°’Ë¬«°—∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ ∑—Èßπ’È À“°§≥–°√√¡°“√°”°—∫μ≈“¥∑ÿπ ‰¥â¡’ª√–°“»‡ª≈’Ë¬π·ª≈ß§ÿ≥ ¡∫—μ‘°√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √–¢Õß∫√‘…—∑μâÕß¡’ §ÿ≥ ¡∫—μ‘μ“¡∑’Ë ‰¥â¡’ª√–°“»‡ª≈’Ë¬π·ª≈ß‰ª∑ÿ°ª√–°“√ ¿“¬À≈—ß‰¥â√—∫°“√·μàßμ—Èß„Àâ‡ªìπ°√√¡°“√Õ‘ √–∑’Ë¡’≈—°…≥–‡ªìπ‰ªμ“¡«√√§Àπ÷Ëß ¢âÕ 1 ∂÷ß 9 ·≈â« °√√¡°“√Õ‘ √–Õ“®‰¥â√—∫ ¡Õ∫À¡“¬®“°§≥–°√√¡°“√ „Àâμ—¥ ‘π„π°“√¥”‡π‘π°‘®°“√¢Õß∫√‘…—∑œ ∫√‘…—∑„À≠à ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ ∫√‘…—∑¬àÕ¬≈”¥—∫ ‡¥’¬«°—π ºŸâ∂◊ÕÀÿâπ√“¬„À≠à À√◊Õ ºŸâ¡’Õ”π“®§«∫§ÿ¡¢Õß∫√‘…—∑œ ‚¥¬¡’°“√μ—¥ ‘π„®„π√Ÿª·∫∫¢ÕßÕß§å§≥– (collective decision) ‰¥â À≈—°‡°≥±å„π°“√§—¥‡≈◊Õ°°√√¡°“√Õ‘ √–·≈–°√–∫«π°“√ √√À“ §≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“ √√À“§—¥‡≈◊Õ°°√√¡°“√Õ‘ √– μ“¡À≈—°‡°≥±å·≈–§ÿ≥ ¡∫—μ‘¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬ ·≈– ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å ‡æ◊ËÕ‡ πÕμàÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‡≈¢“πÿ°“√∫√‘…∑— ∫√‘…—∑‰¥â·μàßμ—Èß π“ßæ√√≥’ ©—π∑«√≈—°…≥å ´÷Ëß‡ªìπºŸâ∑’Ë¡’§ÿ≥«ÿ≤‘·≈–ª√– ∫°“√≥å∑’Ë‡À¡“– ¡ ∑”Àπâ“∑’Ë‡≈¢“πÿ°“√∫√‘…—∑ ‚¥¬¡’ Õ”π“®Àπâ“∑’μË “¡æ√–√“™∫—≠≠—μÀ‘ ≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ.». 2535 ´÷ßË ·°â ‰¢‡æ‘¡Ë ‡μ‘¡‚¥¬æ√–√“™∫—≠≠—μÀ‘ ≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å (©∫—∫∑’Ë 4) æ.». 2551 ¥—ßπ’È 1. ®—¥∑”·≈–®—¥‡°Á∫√—°…“‡Õ° “√ ¥—ßμàÕ‰ªπ’È (°) ∑–‡∫’¬π°√√¡°“√ (¢) Àπ—ß ◊Õπ—¥ª√–™ÿ¡§≥–°√√¡°“√ √“¬ß“π°“√ª√–™ÿ¡§≥–°√√¡°“√ ·≈–√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑ (§) Àπ—ß ◊Õπ—¥ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ·≈–√“¬ß“π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 2. ‡°Á∫√—°…“√“¬ß“π°“√¡’ à«π‰¥â‡ ’¬∑’Ë√“¬ß“π‚¥¬°√√¡°“√À√◊ÕºŸâ∫√‘À“√ 3. ¥”‡π‘π°“√Õ◊ËπÊ μ“¡∑’Ë§≥–°√√¡°“√°”°—∫μ≈“¥∑ÿπª√–°“»°”Àπ¥

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

The person must not be, or has been, a provider of a professional service including the service as a legal consultant or a financial consultant for which greater than two million Baht of fee is paid per year by the company, the parent company, the associates, the affiliates, the major shareholders or the entities with the authority to control the company. The person also must not be a significant shareholder or an individual with the authority to control or a partner of such provider of professional service. There is an exception in such case where he or she has retired from such a position for at least two years prior to the day on which he or she is appointed as an independent director.

The person must not be a director appointed to represent a director of the company, a major shareholder or a shareholder who is related to a major shareholder.

The person must not be in a business of the same nature as, and of significant competition to, that of the company or an associate. The person also must not be a significant partner in a partnership; a director who is involved with the management ; a staff member; an employee; a consultant with a monthly wage; as well as, a shareholder who holds more than 1% of shares with voting rights of another company which is engaged in a business of the same nature as and of significant competition to that of the company or an associate.

The person must not have any other characteristic which is an obstacle to the giving of free opinion on the operation of the company. In case that the Capital Market Supervisory Board reviews and amend the qualification of the audit director, the company shall adjust the qualification of the audit committee in accordance with such changes. After having been appointed as an independent director following the qualifications specified under items (1) through (9) above, the independent director may be assigned by the Board of Directors to make decisions on the operation of the company, the parent company, the associates, the affiliates, the associates of the same level, the major shareholders or the entities with the authority to control the company in the manner of a collective decision. Rules for selecting an independent director and selection process The Board of Directors selects independent directors in accordance with the rules , whose qualifications stipulated by the Stock Exchange of Thailand and the Securities and Exchange Commission, and proposes them to the shareholdersû meeting. The Company Secretary The company has appointed Mrs. Pannee Chantavaraluk, a qualified and experienced person to be the company secretary in order to respond on the following matters on behalf of the Board of Directors in compliance with the Securities and Exchange Act (No. 4) B.E. 2551 which amended some provision of the Securities and Exchange Act B.E. 2535: 1. Preparing and keeping the following documents: a) A register of directors; b) A notice calling director meeting, a minute of meeting of the Board of Directors and an annual report of the company; c) A notice calling shareholder meeting and a minute of shareholdersû meeting; 2. Keeping a report on interest filed by a director or an executive; 3. Performing any other acts as specified in the notification of the Capital Market Supervisory Board.

Roles, duties and responsibilities of the Board of Directors Leadership and vision The Board of Directors comprises persons who have diversified knowledge, capabilities and experiences and specific expertise that benefit the company. They understand their roles, duties and responsibilities, and have 55 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

leadership. They set the clear vision of the company. They are independent in providing opinion and making decision. They supervise the businesses of the company in accordance with its objectives and goals to generate the maximum benefit to the company and its shareholders. They manage the company by setting tasks, goals, strategies, action plans and annual budget to achieve goals, using good governance practice to increase value for the company and its shareholders. The company requires that the Board of Directors must comprise at least 5 persons (pursuant to the Public Limited Companies Act). A director must be a natural person and 1. being of legal age; 2. not being a bankrupt, incompetent or quasi-incompetent; and 3. having never been imprisoned by a final court judgment for an offense involving property committed in bad faith, and having never been terminated or dismissed from government service, state organization or agency due to dishonesty. The Board of Directors monitors the performance of Management by requiring Management to report the progress and results of operations of the company and securities holding by all directors and executives at the Board of Directors meetings. Combination or separation of positions The Chairman of the Board is a director who is independent and is not a member of Management and not the same person as the Chairman of the Executive Board, in order to separate duties, for the sake of independence and balance. The Chairman of the Board plays the role of leader and controls the Board of Directors meeting to ensure efficiency and effectiveness. The Chairman of the Board also encourages all directors and executives to participate in the meeting, assists, provides advice, supervises the business operation by Management, but does not interfere with the regular tasks or business of Management. In addition, the powers and duties of each committee and of Management are clearly defined so that they can be examined for the sake of transparency. Internal control and risk management The Board of Directors places importance on internal control with respect to operation, finance, function and supervision, with an internal audit department examining the performance of the said control including computer system and providing advice to ensure that the stipulated guideline has been implemented effectively. It is also independent and can fully conduct examination and balancing. The company has hired Dharmniti Auditing Co., Ltd. to conduct internal audit in cooperation with those responsible for internal audit of the company in order to increase the effectiveness of the audit. The results of the audit will be discussed with the executives of the department audited and the Managing Director to clarify facts and problems found as well as measures for prevention and improvement, before such audit was reported in writing to the Audit Committee. The company regular held a meeting with the Audit Committee in order to access the results of audit and its development. The Audit Committee considers that the companyûs various departments have already analyzed their risks. However, it should be systematically and continuously assess risk management for each department. It was therefore proposed to the Board of Directors to have Pricewaterhouse Coopers FAS Ltd. evaluate and improve the risk management system which was agreed and approved on November 4, 2008 and the risk management system was implemented on January 20, 2009 by repeatedly evaluated by the Audit Committee. The Board of Directors manages risks according to the nature, suitability and type of risks, by evaluating internal and external factors to find measures of prevention, development, improvement and extension of results of risk consideration and risk management to cover the entire organization so that the risks are at the level acceptable to the organization and not to impact the operation of the company. This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Board of Directors meeting The Board of Directors places importance on attending the meeting and it is the duty of directors to do so in order to acknowledge and make decision on the companyûs operation. Meetings are scheduled in advance throughout the year and are to be held every quarter. The company secretary will send notice together with agenda, minutes of the previous meeting and supporting documents for the meeting to the directors for their consideration in advance within the period required by law. In considering matters, the Chairman of the Board, who acts as chairman of the meeting, will provide an opportunity to directors and executives to independently give opinion. At every Board of Directors meeting, high-ranking executives of the company will attend it to provide explanation as a person directly involved with the problem. All directors can request additional information on any matter from high-ranking executives and the company secretary. Upon completion of the meeting, the company secretary will prepare the minutes of the meeting, which will be reviewed by the Executive Board and sent to the Chairman of the Board for signing to confirm their accuracy. The minutes will be proposed, for approval, as the first agenda item of the next Board meeting. The directors can comment on or request revisions to the minutes so that they are accurate as much as possible. Minutes approved will be properly kept at the office of the company and also kept in electronic form together with supporting documents of various agenda items for convenience of reference. In 2009, the Board of Directors held 4 meetings. Attending the meetings by each director may be summarized as follows:

Meeting Name 1 Mr. Boonkiet Chokwatana 2 Mr. Boonsithi Chokwatana 3 Mr. Santi Vilassakdanont 4 Mr. Boonyarith Mahamontri 5 Mr. Thirasak Vikitset 6 Mr. Tanong Srichit 7 Mr. Atthakorn Glankwamdee 8 Mr. Viroj Theeravatvatee 9 Mr. Sujarit Patchimnun 10 Mr. Nophorn Bhongsvej 11 Pol. Gen. Somchai Prabhasabhakdi 12 Mr. Amorn Asvanunt 13 Mr. Surong Ongkosit 14 Mr.Niwat Patanasemakul

Annual General Meeting Shareholders 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1 1/1

The Board of Directorsû meeting 4/4 4/4 2/4 4/4 3/4 4/4 4/4 4/4 4/4 4/4 4/4

1/1 1/1 1/1

3/4 4/4 *2/4

The Audit The Executive of Committeeûs meeting Committeeûs meeting 5/5 4/5 5/5 5/5 5/5 4/4 4/4 4/4 4/4 *2/4

Remarks *1 To be the Chairman of the Executive Committee till March, 28 2008 *2 To be elected as the Director on March 28, 2008 and apointed to be the Executive Director on May 6, 2008

59 This annual report is printed on Green Series paper made from 100% Eco Fiber

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Self-Assessment of the Board of Directors The Board of Directors has policy to assess the overall performance of the Board of Directors at least once a year. In the year 2009, the Board of Directors conducted individual self-assessment on the criteria consisting of Board policy, composition, practices and meeting, transparency in job performance and information disclosure, business ethics. The overall average results for this evaluation corresponded to the level of good performance.

Committees In order to assure the shareholders that the operation of the company is transparent, and is screened, reviewed, with careful consultation, the Board of Directors has appointed committees to perform such duties and report to the Board of Directors. The present committees comprise the Executive Board, the Audit Committee, and the Nomination and Remuneration Committee. The powers, duties and responsibilities of each committee are independent of each other for the benefit of supervision of the companyûs business.

Training of directors and executives The company encourages all directors and executives to improve their knowledge. The Board of Directors places importance on attending courses beneficial to performance as directors, and the directors have undergone Director Accreditation Program (DAP), Director Certification Program (DCP), Audit Committee Program (ACP), and Finance for Non-Finance Director (FND) courses organized by the Institute of Directors (IOD) and short-course seminars that benefit the performance of the directors, including courses to be organized in the future by the IOD. The company also prepares a directorûs manual for a new director to study significant information about the company, good governance policy, business ethics, code of conduct and rules and regulations of the Stock Exchange of Thailand and Securities and Exchange Commission. The company requires the new director to undergo courses helpful to performance as a director organized by the Institute of Directors (IOD). In addition, the directors also regularly meet and exchange ideas with directors and high-ranking executives of other local and foreign organizations.

Employee development policy It is the policy of the company to develop employees at all levels so that they have knowledge, capability and experience that meet the needs of the company and can develop themselves and work to the success of the organization efficiently and steadily. The training and development policy therefore focuses on the link and consistency between the position and function. In particular, the training must be able to be evaluated and the development should be obvious. After training and seminar in any course, there must be evaluation after the training. After evaluation, if it does not pass the criteria, additional training will be provided.

Internal audit The Board of Directors places importance on internal control at both managerial and operating levels. Dharmniti Auditing Co., Ltd. is hired to conduct audit with respect to operation, finance, functioning, computer system, utilization of the companyûs assets and to provide advice to ensure that the stipulated guideline is observed effectively and that the internal audit is independent and can fully conduct examination and balancing. The audit results will

61 This annual report is printed on Green Series paper made from 100% Eco Fiber

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§«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ §≥–°√√¡°“√„Àâ§«“¡ ”§—≠μàÕ°“√√“¬ß“π·≈–‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑∑—Èß∑’Ë‡°’Ë¬«°—∫°“√‡ß‘π·≈–¢âÕ¡Ÿ≈∑—Ë«‰ª μ≈Õ¥®π¢âÕ¡Ÿ≈ ”§—≠∑’Ë¡’º≈°√–∑∫μàÕ√“§“À≈—°∑√—æ¬å¢Õß∫√‘…—∑ „Àâ¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ‡™◊ËÕ∂◊Õ‰¥â ·≈–‚ª√àß„ ‚¥¬‰¥â‡º¬·æ√àºà“π™àÕß∑“ß °“√ ◊ËÕ°“√·≈–‡º¬·æ√à¢âÕ¡Ÿ≈¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–‡«Á∫‰´¥å¢Õß∫√‘…—∑∑’Ë www.sahacogen.com ∫√‘…—∑¬—ß‰¡à ‰¥â®—¥μ—ÈßÀπà«¬ß“π¥â“πºŸâ≈ß∑ÿπ —¡æ—π∏å ·μà ‰¥â°”Àπ¥„Àâ°√√¡°“√ºŸâ®—¥°“√ ∑”Àπâ“∑’Ë „Àâ¢âÕ¡Ÿ≈¢à“« “√μ“¡∑’Ëπ—°≈ß∑ÿπ ·≈–ºŸ∑â ‡’Ë °’¬Ë «¢âÕßμâÕß°“√‚¥¬ “¡“√∂μ‘¥μàÕ‰¥â∑’Ë §ÿ≥«‘‚√®πå ∏’√«—≤πå«“∑’ μ”·Àπàß°√√¡°“√ºŸ®â ¥— °“√ À¡“¬‡≈¢‚∑√»—æ∑å 038 481555 À√◊Õ ‚∑√ “√ 038 481551 À√◊Õ∑’ËÕ’‡¡≈å viroj@sahacogen.com

°“√§«∫§ÿ¡¿“¬„π „π°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑§√—Èß∑’Ë 1/2553 ‡¡◊ËÕ«—π∑’Ë 26 °ÿ¡¿“æ—π∏å 2553 ‚¥¬¡’°√√¡°“√μ√«® Õ∫‡¢â“√à«¡ª√–™ÿ¡¥â«¬ §≥–°√√¡°“√∫√‘…∑— ª√–‡¡‘π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— „π√Õ∫ªï 2552 ´÷ßË ºŸμâ √«® Õ∫¿“¬„π¢Õß∫√‘…∑— §◊Õ ∫√‘…—∑ Õ∫∫—≠™’∏√√¡π‘μ‘ ®”°—¥ ‰¥âμ√«®ª√–‡¡‘π·≈â« ·≈–¡’§«“¡‡ÀÁπ«à“∫√‘…—∑¡’°“√ªØ‘∫—μ‘„π à«π¢Õß°“√§«∫§ÿ¡¿“¬„π ∑’ Ë ”§—≠∑’¥Ë ’ ¡’°“√∫√‘À“√®—¥°“√§«“¡‡ ’¬Ë ß·≈–°“√°”°—∫¥Ÿ·≈∑’‡Ë æ’¬ßæÕ·≈–¡’ª√– ‘∑∏‘º≈μàÕ°“√ π—∫ πÿπ„Àâ∫√‘…∑— ∫√√≈ÿº≈ ”‡√Á® μ“¡π‚¬∫“¬ ‡ªÑ“À¡“¬·≈–«—μ∂ÿª√– ß§å∑’Ë«“ß‰«â ®÷ß¡’§«“¡‡ÀÁπ™Õ∫√à«¡°—π‚¥¬ √ÿª«à“ ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë‡æ’¬ßæÕ ‡À¡“– ¡°—∫ ¿“æ°“√¥”‡π‘πß“π„πªí®®ÿ∫—π 1. ¥â“πÕß§å°√·≈– ¿“æ·«¥≈âÕ¡ ∫√‘…—∑¡’°“√®—¥‚§√ß √â“ßÕ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√ ·≈–ºŸâ∫√‘À“√·≈–æπ—°ß“π‰«âÕ¬à“ß™—¥‡®π ¡’°“√°”Àπ¥‡ªÑ“À¡“¬ °“√¥”‡π‘π∏ÿ√°‘®∑’™Ë ¥— ‡®π·≈–«—¥º≈‰¥â ¡’°“√®—¥«“ß√–∫∫ªÑÕß°—π°“√„™âÕ”π“®Àπâ“∑’Ë ‰ª„π∑“ß¡‘™Õ∫ √«¡μ≈Õ¥∂÷ß¢âÕ°”Àπ¥ ‡°’Ë¬«°—∫®√‘¬∏√√¡∏ÿ√°‘® ®√√¬“∫√√≥æπ—°ß“π „Àâ·°à§≥–°√√¡°“√∫√‘…—∑ ΩÉ“¬∫√‘À“√·≈–æπ—°ß“π‰«âæ÷ßªØ‘∫—μ‘ ∑—Èß„π°√Õ∫ ¢Õß∫√‘…—∑ ·≈–∫√‘…—∑¬àÕ¬ ‡™◊ËÕ‰¥â«à“ “¡“√∂ªÑÕß°—π°“√π”∑√—æ¬å ‘π¢Õß∫√‘…—∑‰ª„™â ‚¥¬¡‘™Õ∫‰¥â

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

be reported directly to the Audit Committee periodically. Therefore investors can be confident that the company has adequate internal control that can prevent and preserve its assets from damage that may arise from improper or unauthorized use and disposal. ë

Reports of the Board of Directors The Board of Directors is responsible for the consolidated financial statements of the company and its subsidiaries, financial information of the company set forth in the annual report and Form 56-1. Those financial statements are prepared in accordance with the generally accepted accounting standard in Thailand. Appropriate accounting policy is adopted and consistently applied. Careful discretion and the best estimates are used in preparing financial statements. Adequate significant information has been disclosed in the notes to the financial statements. The Board of Directors has appointed the Audit Committee, comprising directors who are not members of Management, to be responsible for the internal audit, so as to reasonably ensure that accounting entries are accurate, complete and adequate to maintain the companyûs assets and to find weaknesses, in order to prevent significant irregularities. The opinion of the Audit Committee in this respect is described in the report of the Audit Committee presented in the annual report. The Board is of the opinion that the overall internal control of the company is satisfactory and can reasonably create confidence in the reliability of the consolidated financial statements of the company and its subsidiaries.

Relationship with investors The Board of Directors places importance on reporting and disclosure of the companyûs information on finance and general matters as well as significant information affecting the price of the companyûs securities, to ensure such informationûs accuracy, completeness, reliability and transparency. The information is publicized through the reporting channel of the Stock Exchange of Thailand and the companyûs website at www.sahacogen.com. The company has not yet established an investor relation department, but has designated the Managing Director to provide information as required by investors and those concerned by contacting Mr. Viroj Theeravatvatee, Managing Director, tel. 038 481555 or fax 038 481551 or email viroj@sahacogen.com.

Internal control At the Board of Directors Meeting No. 1/2009, held on February 26, 2009, at which the Audit Committee were also present, the Board of Directors evaluated the adequacy of the companyûs internal control in 2008 as evaluated by the companyûs internal auditor, Dharmniti Auditing Co., Ltd. Dharmniti Auditing Co., Ltd. considered that the company has good internal control, adequate risk management to ensure that the company will achieve its goals. It was therefore concluded by the Board that the company has adequate internal control that is appropriate to present circumstances. 1. Organization and environment The company has set up clear structure of powers and duties of the Board of Directors, Management and employees. The business objectives and targets were defined and measurable. Systems are established to prevent abuse of powers and duties. There are requirements on business ethics, code of conduct for compliance by the Board of Directors, Management and employees within the company and its subsidiaries. It is therefore believable that this can prevent abusive or unauthorized utilization of the companyûs assets.

63 This annual report is printed on Green Series paper made from 100% Eco Fiber

¥â“π°“√∫√‘À“√§«“¡‡ ’Ë¬ß ∫√‘…∑— ¡’°“√∫√‘À“√®—¥°“√§«“¡‡ ’¬Ë ßμ“¡≈—°…≥–·≈–ª√–‡¿∑¢Õß§«“¡‡ ’¬Ë ß‚¥¬ª√–‡¡‘π®“°ªí®®—¬¿“¬„π ¿“¬πÕ° ‡æ◊ÕË °”Àπ¥ ¡“μ√°“√ªÑÕß°—π·≈–∫√‘À“√§«“¡‡ ’Ë¬ß„ÀâÕ¬Ÿà „π√–¥—∫∑’ËÕß§å°√¬Õ¡√—∫‰¥â ·≈–‰¡à àßº≈°√–∑∫μàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ‡ªìπ ”§—≠ ‚¥¬¡’°“√ ◊ËÕ “√„ÀâºŸâ‡°’Ë¬«¢âÕß√—∫∑√“∫ ªØ‘∫—μ‘μ“¡·≈–¡’°“√μ‘¥μ“¡º≈Õ¬Ÿà‡ ¡Õ

¥â“π°“√§«∫§ÿ¡°“√ªØ‘∫—μ‘ß“π¢ÕßΩÉ“¬∫√‘À“√ ∫√‘…∑— ¡’°“√°”Àπ¥√–¥—∫Õ”π“®°“√Õπÿ¡μ— ·‘ ≈–·∫àß·¬°Àπà«¬ß“π„π≈—°…≥– àß‡ √‘¡°“√ª√– “πß“π·≈–∂à«ß¥ÿ≈°“√„™âÕ”π“® ¡’°“√°”Àπ¥¢Õ∫‡¢μÕ”π“®·≈–«ß‡ß‘πÕπÿ¡—μ‘¢ÕßΩÉ“¬∫√‘À“√·μà≈–√–¥—∫‰«â‡ªìπ≈“¬≈—°…≥åÕ—°…√ æ√âÕ¡∑—Èß·∫àß·¬°Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫‰«â ¡’°“√°”Àπ¥«‘∏’°“√‡¢â“∑”∏ÿ√°√√¡∑’Ë‡°’Ë¬«‚¬ß°—πμ“¡ª√–°“»¢Õß§≥–°√√¡°“√μ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬°—∫∫ÿ§§≈∑’‡Ë °’¬Ë «‚¬ß°—π‰«âÕ¬à“ß™—¥‡®π §≥–°√√¡°“√∫√‘…∑— ‰¥â√∫— √“¬ß“π·≈–∑”°“√μ√«® Õ∫∑∫∑«πº≈°“√ ªØ‘∫—μ‘ß“π¢ÕßΩÉ“¬∫√‘À“√‡ªìπª√–®” ¡Ë”‡ ¡Õ

¥â“π√–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ∫√‘…—∑®—¥„Àâ¡’°“√ ◊ËÕ “√∑—Èß¿“¬„π·≈–¿“¬πÕ°Õß§å°√Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ ¡’°“√®—¥‡°Á∫‡Õ° “√ª√–°Õ∫°“√∫—π∑÷°∫—≠™’‰«â §√∫∂â«π‡ªìπÀ¡«¥À¡Ÿà ·≈–„™âπ‚¬∫“¬∫—≠™’μ“¡À≈—°°“√∫—≠™’√—∫√Õß∑—Ë«‰ª ¡’°“√π” Application Software ¡“„™â‡æ◊ËÕ ‡ √‘¡ª√– ‘∑∏‘¿“æ„π°“√«“ß·ºπ°“√„™â∑√—æ¬“°√ ·≈–°“√∫√‘À“√¢âÕ¡Ÿ≈∑“ß°“√∫—≠™’ °“√‡ß‘π °“√´◊ÈÕ °“√¢“¬ °“√∫√‘À“√ ‘π§â“§ß§≈—ß ·≈–¢âÕ¡Ÿ≈°“√«“ß·ºπ°“√º≈‘μ ‡æ◊ËÕ„Àâ ‰¥â¢âÕ¡Ÿ≈∑’Ë∂Ÿ°μâÕß √«¥‡√Á« ¡’§«“¡·¡àπ¬” ´÷Ëß®–∑”„ÀâΩÉ“¬∫√‘À“√√—∫√Ÿâ ¢âÕ¡Ÿ≈·≈– “¡“√∂μ—¥ ‘π„®‰¥âÕ¬à“ß√«¥‡√Á« æ√âÕ¡∑—ßÈ ¡’¡“μ√°“√‡æ◊ÕË §«“¡ª≈Õ¥¿—¬¢Õß√–∫∫ “√ π‡∑» ‚¥¬‰¥â«“ß¡“μ√°“√ ªÑÕß°—π§«“¡‡ ’Ë¬ß∑’ËÕ“®®–‡°‘¥¢÷Èπ®“°√–∫∫ “√ π‡∑»¥â«¬‡™àπ°—π „π°“√ª√–™ÿ¡§≥–°√√¡°“√·≈–ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑¡’°“√®—¥ àß®¥À¡“¬‡™‘≠ª√–™ÿ¡æ√âÕ¡∑—Èß¢âÕ¡Ÿ≈ª√–°Õ∫∑’Ë‡æ’¬ßæÕμàÕ °“√μ—¥ ‘π„® μ“¡√–¬–‡«≈“∑’Ë°ÆÀ¡“¬°”Àπ¥ æ√âÕ¡∑—Èß¡’°“√∫—π∑÷°√“¬ß“π°“√ª√–™ÿ¡∑’Ë¡’ “√– ”§—≠§√∫∂â«π ·≈–∫—π∑÷° §«“¡‡ÀÁπ¢Õß°√√¡°“√·≈–ºŸâ∂◊ÕÀÿâπ„π‡√◊ËÕß∑’Ëæ‘®“√≥“‰«â‡ªìπ¡μ‘¢Õß«“√–°“√ª√–™ÿ¡‚¥¬√«¡ À“°¡’¢âÕ´—°∂“¡À√◊Õ§«“¡‡ÀÁπ ‰¡àμ√ß°—π®–∫—π∑÷°‰«â „π√“¬ß“π°“√ª√–™ÿ¡

¥â“π√–∫∫°“√μ‘¥μ“¡ ∫√‘…—∑¡’°“√°”Àπ¥‡ªÑ“À¡“¬°“√¥”‡π‘πß“π·≈–‡ª√’¬∫‡∑’¬∫º≈°“√¥”‡π‘πß“π„Àâ‡ªìπ‰ªμ“¡‡ªÑ“À¡“¬ À“°¡’§«“¡·μ°μà“ß ®–¥”‡π‘π°“√·°â ‰¢À√◊Õª√—∫‡ª≈’Ë¬π·ºπ°“√¥”‡π‘πß“π„Àâ∑—π‡«≈“·≈–‡À¡– ¡°—∫ ∂“π°“√≥å Õ’°∑—Èß¡’°“√μ√«® Õ∫°“√ ªØ‘∫—μ‘ß“πμ“¡√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë«“ß‰«âÕ¬à“ß ¡Ë”‡ ¡Õ‚¥¬Àπà«¬ß“πμ√«® Õ∫¿“¬„π ·≈–°”Àπ¥„Àâ¡’°“√√“¬ß“πº≈ °“√μ√«® Õ∫μ√ßμàÕ§≥–°√√¡°“√μ√«® Õ∫ À“°æ∫¢âÕ∫°æ√àÕß∑’Ë¡’π—¬ ”§—≠§≥–°√√¡°“√μ√«® Õ∫μâÕß√“¬ß“πμàÕ §≥–°√√¡°“√∫√‘…—∑ ‡æ◊ËÕæ‘®“√≥“ —Ëß°“√·°â ‰¢¿“¬„π√–¬–‡«≈“Õ—π§«√ ®“°°“√ª√–‡¡‘π√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— „π¥â“πμà“ßÊ 5 à«π¥—ß°≈à“«¢â“ßμâπ §≥–°√√¡°“√‡ÀÁπ«à“ ∫√‘…∑— ¡’√–∫∫ °“√§«∫§ÿ¡¿“¬„π∑’Ë¡’§«“¡‡À¡“– ¡·≈–‡æ’¬ßæÕ·≈â« ·≈–§≥–°√√¡°“√∫√‘…—∑μ√–Àπ—°¥’«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π„¥Ê °Áμ“¡Õ“®®–‰¡à “¡“√∂√—∫ª√–°—π‰¥â∑ß—È À¡¥μàÕ§«“¡‡ ’¬À“¬Õ—π‡°‘¥®“°§«“¡º‘¥æ≈“¥∑’‡Ë ªìπ “√– ”§—≠·μà° Á “¡“√∂ªÑÕß°—π À√◊Õ√—∫ª√–°—π‰¥â „π√–¥—∫∑’Ë ¡‡Àμÿ ¡º≈

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Risk management The company manages risks according to the nature, suitability and type of risks, by evaluating internal and external factors, in order to find measures to prevent and manage risks so that they are at the level acceptable to the organization and not to impact the operation of the company. It is also communicate to management team continually perform and monitor.

Control of performance of Management The company designates the levels of approval powers and separate departments in a way that promotes coordination and balancing of power. Scope of authority and amount of money within the approval power of each level of Management are designated in writing together with division of duties and responsibilities. Procedure of connected transactions is clearly stipulated in accordance with the notification of the Stock Exchange of Thailand. The Board of Directors regularly receives reports from, and reviews performance of, Management.

Information technology and communication The company secures efficient communications within and outside the organization. Accounting entry supporting documents are kept completely and systematically, and generally accepted accounting principle is applied. Application software are used to enhance the planning of resource utilization and management of accounting, financial, purchase, sale, inventory and production planning data, so as to obtain accurate, prompt and precise data. This will enable Management to be informed and be able to promptly make decisions. Safety measures for information system are put in place as well as measures for prevention of risks that may arise from the information system. For Board of Directors meetings and shareholdersû meetings, the company sends notice together with adequate supporting information for decision making, within the period required by law. Minutes of meeting with full material contents are prepared. Resolutions and opinions of directors and shareholders are recorded in the minutes together with questions and dissenting opinions.

Monitoring The company sets goals and compares the actual performance against the goals. In case of any difference, action plan will be corrected or adjusted in a timely manner and appropriately to the situation. Examination of performance according to the internal control designated is conducted regularly by the internal audit department, and audit result must be reported directly to the Audit Committee. If any significant defect is found, the Audit Committee must report the same to the Board of Directors for an order of corrections within an appropriate time. From the evaluation of the 5 aspects of the companyûs internal control described above, the Board of Directors is of the opinion that the company has appropriate and adequate internal control. The Board also recognizes that any internal control may not guarantee that there will be no damage from significant errors but that damage can be prevented or remedied at a reasonable level.

65 This annual report is printed on Green Series paper made from 100% Eco Fiber

°‘®°√√¡·≈–§«“¡√—∫º‘¥™Õ∫μàÕ ™ÿ¡™π —ß§¡·≈– ‘Ëß·«¥≈âÕ¡ ∫√‘…—∑œ „Àâ§«“¡ ”§—≠°—∫°“√‡μ‘∫‚μÕ¬à“ß¬—Ëß¬◊π¢Õß —ß§¡·≈– ‘Ëß·«¥≈âÕ¡ §«∫§Ÿà °—∫°“√¥”‡π‘π∏ÿ√°‘®π—∫μ—Èß·μà‡√‘Ë¡°àÕμ—Èß∫√‘…—∑œ ‚¥¬‰¥â¥”‡π‘π°‘®°√√¡μà“ßÊ ∑’Ë· ¥ßÕÕ° ∂÷ß§«“¡√—∫º‘¥™Õ∫μàÕ —ß§¡ ™ÿ¡™π ·≈– ‘Ëß·«¥≈âÕ¡ ‡ªìπ ”§—≠ ‰¡à«à“®–„π‡√◊ËÕß¢Õß ¢∫«π°“√º≈‘μ∑’Ë¡’°“√§«∫§ÿ¡„Àâ‡ªìπ¡‘μ√μàÕ ‘Ëß·«¥≈âÕ¡ ‚¥¬Õ¬Ÿà¿“¬„μâ°√Õ∫√–‡∫’¬∫ °ØÀ¡“¬·≈–¢âÕ∫—ß§—∫∑’‡Ë °’¬Ë «¢âÕß¡“‚¥¬μ≈Õ¥ ¡’°“√μ√«®μ‘¥μ“¡Õ¬à“ßμàÕ‡π◊ÕË ß ¥â«¬°“√ ‡™‘≠Àπà«¬ß“π¿“¬πÕ°∑—Èß à«πß“π√“™°“√∑’Ë‡°’Ë¬«¢âÕß ·≈–μ—«·∑π¢Õß™ÿ¡™π‚¥¬√Õ∫ ‡¢â“¡“√à«¡°“√μ√«® Õ∫ √«¡∂÷ß°“√π”√–∫∫°“√®—¥°“√μ“¡¡“μ√“∞“πμà“ßÊ ¡“∫√‘À“√ ®—¥°“√°“√¥”‡π‘πß“π¢Õß∫√‘…∑— ‡™àπ ISO 9001√–∫∫°“√∫√‘À“√ß“π§ÿ≥¿“æ, ISO 14001 √–∫∫°“√®—¥°“√ ‘Ëß·«¥≈âÕ¡, ¡Õ°. 18001 ·≈– BS OHSAS 18001√–∫∫°“√®—¥°“√ Õ“™’«Õπ“¡—¬·≈–§«“¡ª≈Õ¥¿—¬ ´÷ßË ∫√‘…∑— œ ‰¥â√∫— °“√μàÕÕ“¬ÿ°“√√—∫√Õß¡“Õ¬à“ßμàÕ‡π◊ÕË ß ‚¥¬μ≈Õ¥ πÕ°®“°π’È·≈â« ∫√‘…—∑œ ¬—ß„Àâ§«“¡ ”§—≠°—∫°“√ àß‡ √‘¡·≈–æ—≤π“§ÿ≥¿“æ™’«‘μ ‘ßË ·«¥≈âÕ¡ ¥â«¬°“√ √â“ß √√§å°®‘ °√√¡μà“ßÊ √«¡∑—ßÈ „Àâ°“√ π—∫ πÿπ°‘®°√√¡¢Õß™ÿ¡™π Àπà«¬ß“π¿“§√—∞ ·≈–Õß§å°“√‡Õ°™πμà“ßÊ ‡æ◊ËÕ°“√æ—≤π“™ÿ¡™π·≈– —ß§¡Õ—π‡ªìπ √“°∞“π∑’Ë ”§—≠¢Õßª√–‡∑» ´÷Ëß √ÿª‰¥â¥—ßπ’È

¥â“π ‘Ëß·«¥≈âÕ¡ (Cool the World) ∫√‘…—∑œ ‰¥â®—¥‚§√ß°“√√—°…åπÈ” √—°…åªÉ“ √—°…“∏√√¡™“μ‘ ‚¥¬¡’ «—μ∂ÿª√– ß§å„π°“√Õπÿ√—°…å∏√√¡™“μ‘·≈– ‘Ëß·«¥≈âÕ¡ ¥—ßπ’È ë ë ë ë ë ë ë

°‘®°√√¡ª≈àÕ¬ª≈“ 200,000 μ—« ∑’Ë‡¢◊ËÕπ·°àß°√–®“π √«¡∂÷ß°“√ª≈Ÿ°μâπ‰¡âªÉ“ ®”π«π 200 μâπ ‡æ◊ËÕ‡æ‘Ë¡æ◊Èπ∑’Ë ’‡¢’¬«„Àâ°—∫ Õÿ∑¬“π·Ààß™“μ‘·°àß°√–®“π √à«¡°‘®°√√¡°“√ª≈àÕ¬ªŸ¡â“·≈–ª≈Ÿ°ªÉ“™“¬‡≈π°—∫‡∑»∫“≈μ”∫≈·À≈¡ √à«¡ª≈Ÿ°ªÉ“™“¬‡≈π°—∫ ¿“«‘»«°√ ‡¢â“√à«¡ª≈Ÿ°ªÉ“™“¬‡≈π °—∫‚§√ß°“√ ç®‘μÕ“ “æ≈—ß √â“ß‚≈°ª≈Ÿ°ªÉ“™“¬‡≈π ≥ ∫â“π¢ÿπ ¡ÿ∑√®’π ®. ¡ÿ∑√ª√“°“√é „Àâ°“√ π—∫ πÿπμâπ‰¡â ‡æ◊ËÕ √â“ß°“√¡’ à«π√à«¡°—∫™ÿ¡™π„π¥â“π°“√Õπÿ√—°…å∑√—æ¬“°√∏√√¡™“μ‘·≈– ‘Ëß·«¥≈âÕ¡ ·≈–¡Õ∫°≈â“‰¡â ‡æ◊ËÕ‡æ‘Ë¡æ◊Èπ∑’Ë ’‡¢’¬«„π‚§√ß°“√ Àæ—≤πå√«¡„® ≈¥¿—¬‚≈°√âÕπ √à«¡°—∫‡∑»∫“≈μ”∫≈·À≈¡©∫—ß ®—¥ª√–°«¥‚§√ß°“√∫â“πª√–À¬—¥æ≈—ßß“π‰øøÑ“ ®—¥°‘®°√√¡ª√–°«¥«“¥¿“æ„πÀ—«¢âÕ‡√◊ËÕß çª√–À¬—¥æ≈—ßß“π °Ÿâ ‚≈°√âÕπé ‡æ◊ËÕ √â“ß®‘μ ”π÷°√—°…“ ‘Ëß·«¥≈âÕ¡„Àâ°—∫π—°‡√’¬π‚¥¬ √Õ∫‚√ß‰øøÑ“

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Corporate Social Responsibility The company has paid a great deal of attention to the sustainable development of social and environment together with business operation since the establishment of the company. The company has continued to do activities that express our responsibility toward the society, the community and the environment. These activities include environmental friendly and law compliant production. We continue to monitor ourselves by inviting government agencies and community representatives to witness our monitoring system. The company has been certified with several management systems, such as ISO 9001, ISO 14001, TIS 18001, and BS OHSAS 18001. Furthermore, the company has paid attention to improving the quality of live and the environment by initiating and supporting activities for the communities, and for private and public sectors, in order to develop the communities which are the grassroots of the country. These activities include:

Environment (Cool the World) The company initiated the çSave the Water, Save the Forest, Save the Nature Projecté with environmental conservation objectives and activities as follows: ë ë ë ë ë ë ë

200,000 fish released at Kangkrajan Dam and 200 trees planted at Kangkrajan National Park. Participated in portunid crab release and mangrove reforestation activities organized by Lamchabang Municipality. Participated in mangrove reforestation with the Council of Engineers. Participated in the çVolunteers Save the World: Mangrove Reforestation at Khun Samutra Chin Village, Samutprakarn Projecté Supported and participated in tree planting with the communities to conserve the natural resource and environment and donated baby plants to increase green area in çCool the Worldé project by Sahaphat. Collaborated with Lamchabang Municipality in the çPower Saving Home Contesté project. Organized a drawing contest on the subject çPower Conservation Fights Global Warmingé to promote environmental conservation awareness among students who live near the power plant.

67 This annual report is printed on Green Series paper made from 100% Eco Fiber

¥â“π°“√»÷°…“ °“√»÷°…“‡ªìπæ◊Èπ∞“π∑’Ë ”§—≠μàÕ°“√æ—≤π“ª√–‡∑»™“μ‘Õ¬à“ß¬—Ëß¬◊π ∫√‘…—∑œ ®÷ß„Àâ°“√ π—∫ πÿπ·≈– àß‡ √‘¡°‘®°√√¡μà“ßÊ Õ—π‡ªìπª√–‚¬™πåμÕà °“√»÷°…“¢Õß‡¬“«™π ∑—ßÈ °“√ ´÷ßË ¡Õ∫∑ÿπ°“√»÷°…“„Àâ°∫— ‚√ß‡√’¬π ‚¥¬√Õ∫‚√ß‰øøÑ“ °“√¡Õ∫ “√“πÿ°√¡‰∑¬ ”À√—∫‡¬“«™π„Àâ°∫— ÀâÕß ¡ÿ¥μà“ßÊ ‡æ◊ÕË àß‡ √‘¡·≈–‡æ‘¡Ë æŸπ§«“¡√Ÿâ „Àâ°—∫‡¬“«™π ‡ªìπμâπ

¥â“π —ß§¡·≈–™ÿ¡™π ‡æ◊ËÕ„Àâ™ÿ¡™π·≈– —ß§¡¡’°“√æ—≤π“·≈– “¡“√∂æ÷Ëßæ“μπ‡Õß‰¥âÕ¬à“ß¬—Ëß¬◊π ∫√‘…—∑œ ®÷ß‰¥â®—¥°‘®°√√¡‡æ◊ËÕ™ÿ¡™π·≈– —ß§¡¿“¬„μâ ‚§√ß°“√·∫àßªíπ√Õ¬¬‘È¡ ·∫àßªíπ§«“¡ ÿ¢ ¥—ßπ’È ë ®—¥À“Õÿª°√≥å‡æ◊ËÕΩñ°°“√‡√’¬π√Ÿâ „Àâ°—∫‡¥Á°æ‘‡»… ‚√ß‡√’¬π«—¥π“æ√â“« „Àâ “¡“√∂æ—≤π“μπ‡Õß·≈–‡√’¬π√Ÿâ√à«¡°—∫‡¥Á°ª°μ‘Õ◊ËπÊ ‰¥â ë „Àâ°“√ π—∫ πÿπ°“√≈âÕ¡√—È«∫àÕπÈ”·≈–„™â‡ªìπ∑’Ëª≈Ÿ°·°â«¡—ß°√ ”À√—∫‡ªìπÕ“À“√«à“ß„Àâ°—∫‡¥Á°∑’Ë∫â“π‡¥Á°°”æ√â“≈Õ‡√π‚´ ë ®—¥‚§√ß°“√Õ“À“√°≈“ß«—π‡æ◊ËÕπâÕß¥â«¬°“√¡Õ∫‡ß‘π π—∫ πÿπ‡æ◊ËÕ‡ªìπ∑ÿπÕ“À“√°≈“ß«—π„Àâ°—∫‚√ß‡√’¬πμ”√«® μ™¥. ∫â“π·¡à√Õß ®—ßÀ«—¥‡™’¬ß„À¡à ë ¡Õ∫∂—ßπÈ”„Àâ°—∫‚√ß‡√’¬π«—¥®ÿ°°–‡¨Õ ‡æ◊ËÕ„Àâ‡¥Á°π—°‡√’¬π¡’πÈ” –Õ“¥‰«â„™â ë ¡Õ∫‡ß‘π π—∫ πÿπ°“√°àÕ √â“ß»Ÿπ¬å√—°…“§«“¡ª≈Õ¥¿—¬ μ.«—ß¥“≈ ·≈– μ.ππ∑√’ ‡æ◊ËÕª√–‚¬™πå„π°“√¥Ÿ·≈§«“¡ª≈Õ¥¿—¬·≈– ∑√—æ¬å ‘π¢Õßª√–™“™π„πæ◊Èπ∑’Ë·≈–ª√–™“™π∑’Ë —≠®√‰ª¡“„πæ◊Èπ∑’Ë ë „Àâ°“√ π—π πÿππÈ”¥◊Ë¡·≈–‡ß‘π‡æ◊ËÕ™à«¬‡À≈◊ÕºŸâª√– ∫¿—¬æ‘∫—μ‘™ÿ¡™π·À≈¡©∫—ß ë àß‡ √‘¡Õ“™’æ‡æ“–°≈â“‰¡â ‚μ‡√Á«„Àâ°—∫™ÿ¡™π‚¥¬√Õ∫‚§√ß°“√ √â“ß‡ √‘¡√“¬‰¥â „Àâ°—∫™ÿ¡™π ë √à«¡°—∫ SPI ·≈–™ÿ¡™π„π°“√æ—≤π“·≈–√—°…“§«“¡ –Õ“¥‡ âπ∑“ß “∏“√≥–

¥â“π°“√ àß‡ √‘¡»“ π“ ∫√‘…—∑‰¥â „Àâ§«“¡ ”§—≠°—∫°‘®°√√¡∑“ß»“ π“ ‚¥¬‰¥â‡¢â“√à«¡ ◊∫ “π·≈–√à«¡ß“π∫ÿ≠μ“¡ª√–‡æ≥’μà“ßÊ √à«¡°—∫™ÿπ™π ‡™àπ ß“π∑”∫ÿ≠«—π¢÷Èπªï „À¡à ß“π∑”∫ÿ≠«—π ß°√“πμå ß“π«—π‡¢â“æ√√…“ ß“π∑Õ¥°∞‘π “¡—§§’ °“√∑”∫ÿ≠ √â“ß»“≈“°“√‡ª√’¬≠ ‡æ◊ËÕ ◊∫∑Õ¥ ·≈–Õπÿ√—°…å¢π∫∏√√¡‡π’¬¡ª√–‡æ≥’∑’Ëß¥ß“¡¢Õß§π‰∑¬„Àâ ◊∫‡π◊ËÕßμàÕ‰ª

¥â“π§«“¡ª≈Õ¥¿—¬ √à«¡°—∫Àπà«¬ß“π√“™°“√®—¥°‘®°√√¡°“√´âÕ¡‡Àμÿ©°ÿ ‡©‘π·≈–Õæ¬æ„Àâ°∫— æπ—°ß“π‡æ◊ÕË ‡μ√’¬¡§«“¡æ√âÕ¡ ·≈–μÕ∫ πÕß°—∫‡Àμÿ°“√≥å©ÿ°‡©‘πμà“ßÊ ∑’Ë Õ¥§≈âÕß°—∫°ÆÀ¡“¬·≈–¢âÕ°”Àπ¥∑’Ë‡°’Ë¬«¢âÕßÕ¬à“ß ¡Ë”‡ ¡Õ °“√∫√‘À“√°“√®—¥°“√¥â“πÕ“™’«Õπ“¡—¬·≈–§«“¡ª≈Õ¥¿—¬ Õ’°∑—Èß‰¥â®—¥°‘®°√√¡‡ √‘¡ √â“ß§«“¡√Ÿâ¥â“π§«“¡ ª≈Õ¥¿—¬„Àâ°—∫æπ—°ß“π‡ªìπª√–®”

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Education Education is the basic building block of sustainable development. The company supports activities that are beneficial to youth education. These include providing scholarships to schools in the vicinity of the power plant, donating Thai encyclopedia to libraries, and educating the youth.

Social and Communities In order to enable the communities to develop independently and sustainably, the company organized social activities for the communities under the çSharing the Smileé project as follows: ë Provided learning tools for çSpecial Childé to Wat Na Prao School so that children with learning disabilities can improve and study with other normal children. ë Supported fencing water wells and using it to grow dragon fruit to be used for dessert for children at the Lorenzo Orphanage. ë Organized the çLunch for Childrené project and donated money to the Border Patrol Police School at Mae Rong Village, Chiang Mai. ë Donated water tanks to Wat Juk Kracher School to provide clean water to students. ë Donated money to build the security center at Tambol Wangtan and Tambol Nonsi to look after the security for the community and travelers. ë Provided drinking water and donated money to people affected by disaster at Lamchabang community. ë Supported fast growing tree planting in the communities around the facility to increase their income. ë Collaborated with SPI and the communities to improve the cleanliness of the streets.

Religion The company has placed high importance to religious activities by participating and supporting them, including New Year merit making, Songkran festival, Kaopansa ceremony, Kathin ceremony, sermon hall building, in order to promote and conserve Thai culture.

Safety The company has regularly conducted emergency and evacuation drills to prepare for emergency in accordance with the laws and regulations. Moreover, the company has complied with the occupational health and safety management system, according to TIS 18001 and BS OHSAS 18001 and regularly organized safety promotion activities for our employees. This annual report is printed on Green Series paper made from 100% Eco Fiber

√ÿªº≈ª√–°Õ∫°“√·≈–∞“π–∑“ß°“√‡ß‘π º≈°“√¥”‡π‘πß“π ¢“¬ √“¬‰¥â√«¡ μâπ∑ÿπ¢“¬·≈–§à“∫√‘À“√¥”‡π‘π°“√ ¥Õ°‡∫’¬È ®à“¬ °”‰√°àÕπÀ—°¿“…’ ¿“…’‡ß‘π‰¥â °”‰√ ÿ∑∏‘ ∞“π–°“√‡ß‘π ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å∂“«√ ‘π∑√—æ¬å√«¡ Àπ’ È π‘ À¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π ∑ÿπ‡√◊ÕπÀÿâπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ

2552 3,041,864 3,046,317 2,650,636 113,645 282,036 17,522 264,515

2551 3,048,742 3,061,126 2,665,823 121,172 274,131 13,009 261,122

(Àπà«¬ : æ—π∫“∑) 2550 2,806,237 2,812,738 2,341,022 135,498 336,218 24,616 311,602

663,504 4,218,467 4,881,971 367,259 2,527,200 955,000 1,987,612

667,637 4,034,682 4,702,319 318,272 2,517,100 955,000 1,866,947

803,869 4,115,124 4,918,993 619,817 2,408,100 955,000 1,891,075

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Performance Summaary and Financial Hightlights Operational Highlights Sales Total Revenues Cost of Sales and Expenses Interest Earning Before Tax Income Tax Net Income Financial Highlights Current Assets Fixed Assets Total Assets Current Liabilities Non-Current Liabilities Share Capital Fully Paid Shareholdersû Equity

2009 3,041,864 3,046,317 2,650,636 113,645 282,036 17,522 264,515

2008 3,048,742 3,061,126 2,665,823 121,172 274,131 13,009 261,122

(Unit : Baht ù000) 2007 2,806,237 2,812,738 2,341,022 135,498 336,218 24,616 311,602

663,504 4,218,467 4,881,971 367,259 2,527,200 955,000 1,987,612

667,637 4,034,682 4,702,319 318,272 2,517,100 955,000 1,866,947

803,869 4,115,124 4,918,993 619,817 2,408,100 955,000 1,891,075

71 This annual report is printed on Green Series paper made from 100% Eco Fiber

Õ—μ√“ à«π∑“ß°“√‡ß‘π Õ—μ√“ à«π ¿“æ§≈àÕß Õ—μ√“ à«π ¿“æ§≈àÕß Õ—μ√“ à«π ¿“æ§≈àÕßÀ¡ÿπ‡√Á« Õ—μ√“ à«π ¿“æ§≈àÕß°√–· ‡ß‘π ¥ Õ—μ√“ à«πÀ¡ÿπ‡«’¬π≈Ÿ°Àπ’È°“√§â“ √–¬–‡«≈“‡°Á∫Àπ’È‡©≈’Ë¬ Õ—μ√“ à«πÀ¡ÿπ‡«’¬π‡®â“Àπ’È √–¬–‡«≈“™”√–Àπ’È √Õ∫‡«≈“‡ß‘π ¥ Õ—μ√“ à«π· ¥ß§«“¡ “¡“√∂„π°“√∑”°”‰√ Õ—μ√“°”‰√¢—Èπμâπ Õ—μ√“°”‰√®“°°“√¥”‡π‘πß“π Õ—μ√“°”‰√Õ◊Ëπ Õ—μ√“ à«π‡ß‘π ¥μàÕ°“√∑”°”‰√ Õ—μ√“°”‰√ ÿ∑∏‘ Õ—μ√“º≈μÕ∫·∑πºŸâ∂◊ÕÀÿâπ Õ—μ√“ à«π· ¥ßª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å∂“«√ Õ—μ√“À¡ÿπ‡«’¬π¢Õß ‘π∑√—æ¬å Õ—μ√“ à«π«‘‡§√“–Àåπ‚¬∫“¬∑“ß°“√‡ß‘π Õ—μ√“ à«πÀπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Õ—μ√“ à«π§«“¡ “¡“√∂™”√–¥Õ°‡∫’È¬ Õ—μ√“®à“¬‡ß‘πªíπº≈

2547

2548

2549

2550

2551

2552

1.06 0.89 1.50 7.41 48.57 16.65 21.63 26.95

1.73 1.42 0.24 7.37 48.87 16.33 22.04 26.83

1.48 1.24 1.41 7.79 46.19 10.56 34.08 12.11

1.30 1.06 1.00 7.57 47.58 7.51 47.91 -0.33

2.10 1.55 0.63 7.55 47.67 10.46 34.42 13.25

1.81 1.35 1.62 7.28 49.46 14.81 24.31 25.16

‡∑à“ ‡∑à“ ‡∑à“ ‡∑à“ «—π ‡∑à“ «—π «—π

22.25 19.40 0.30 156.00 15.07 19.88

19.82 17.00 0.08 29.40 12.99 18.81

20.68 17.90 0.46 158.36 13.03 20.70

20.99 16.81 0.23 132.97 11.08 16.59

17.05 17.06 12.97 13.01 0.40 0.15 75.20 140.67 8.53 8.68 13.90 13.72

% % % % % %

7.32 13.52 0.49

6.58 12.28 0.51

7.20 14.20 0.55

6.18 13.27 0.56

5.43 12.58 0.65

5.52 12.79 0.64

% % ‡∑à“

1.72 8.06 88.90

2.00 2.11 83.93

1.77 6.92 51.90

1.60 5.45 77.85

1.52 3.56 91.94

1.46 6.07 54.86

‡∑à“ ‡∑à“ %

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Financial Ratio Liquidity Ratio Current Ratio Quick Ratio Current Cash Flow Ratio Accounts Receivable Turnover Average Collection Period Accounts Payable Turnover Payment Period Cash Cycle Profitability Ratio Gross Profit Operating Profit Other Profit Operating Cash Flow Turnover Net profit Return on Equity Efficiency Ratio Return on Total Asset Return on Fixed Asset Total Asset Turnover Financial Policy Ratio Debt to Equity Interest Coverage Payout Ratio

2004

2005

2006

2007

2008

2009

1.06 0.89 1.50 7.41 48.57 16.65 21.63 26.95

1.73 1.42 0.24 7.37 48.87 16.33 22.04 26.83

1.48 1.24 1.41 7.79 46.19 10.56 34.08 12.11

1.30 1.06 1.00 7.57 47.58 7.51 47.91 -0.33

2.10 1.55 0.63 7.55 47.67 10.46 34.42 13.25

1.81 1.35 1.62 7.28 49.46 14.81 24.31 25.16

time time time time days time days days

22.25 19.40 0.30 156.00 15.07 19.88

19.82 17.00 0.08 29.40 12.99 18.81

20.68 17.90 0.46 158.36 13.03 20.70

20.99 16.81 0.23 132.97 11.08 16.59

17.05 17.06 12.97 13.01 0.40 0.15 75.20 140.67 8.53 8.68 13.90 13.72

% % % % % %

7.32 13.52 0.49

6.58 12.28 0.51

7.20 14.20 0.55

6.18 13.27 0.56

5.43 12.58 0.65

5.52 12.79 0.64

% % time

1.72 8.06 88.90

2.00 2.11 83.93

1.77 6.92 51.90

1.60 5.45 77.85

1.52 3.56 91.94

1.46 6.07 54.86

time time %

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§”Õ∏‘∫“¬·≈–«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π ·≈–∞“π–°“√‡ß‘π „π°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ „™âß∫°“√‡ß‘π„π°“√«‘‡§√“–Àå‡ª√’¬∫‡∑’¬∫°—∫ªï 2551 ‚¥¬¡’√“¬≈–‡Õ’¬¥º≈°“√¥”‡π‘πß“πμ“¡ß∫°“√‡ß‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬

1. º≈°“√¥”‡π‘πß“π 1.1 ¿“æ√«¡¢Õßº≈°“√¥”‡π‘πß“π∑’Ëºà“π¡“ „πªï 2552 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’√“¬‰¥â√«¡ 3,046 ≈â“π∫“∑ ≈¥≈ß 15 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 0.48 ‡¡◊ËÕ‡∑’¬∫°—∫ªï 2551 ‚¥¬ ‡ªìπ°“√≈¥≈ß¢Õß√“¬‰¥âÕ◊ËπÊ 7 ≈â“π∫“∑ √«¡∑—Èß¡’°“√≈¥≈ß¢Õß√“¬‰¥â®“°°“√¢“¬‰ÕπÈ”μ“¡ª√‘¡“≥§«“¡μâÕß°“√ ∑’‰¥â√—∫ º≈°√–∑∫®“°«‘°ƒμ‡»√…∞°‘® ¡’μâπ∑ÿπ¢“¬§à“„™â®à“¬∫√‘À“√√«¡®”π«π 2,650 ≈â“π∫“∑ ≈¥≈ß 15 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 0.57 ‚¥¬‡ªìπ°“√≈¥≈ß¢Õßμâπ∑ÿπ¢“¬·≈–§à“„™â®à“¬∫√‘À“√≈¥≈ß 6 ≈â“π∫“∑ ·≈– 9 ≈â“π∫“∑ μ“¡≈”¥—∫ ¥Õ°‡∫’È¬®à“¬ ≈¥≈ß 7 ≈â“π∫“∑ à«π¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈‡æ‘Ë¡™÷Èπ 4 ≈â“π∫“∑ ∑”„Àâ∫√‘…—∑¡’°”‰√ ÿ∑∏‘ ”À√—∫ªï 2552 μ“¡ß∫°“√‡ß‘π√«¡ √«¡∑—Èß ‘Èπ 264 ≈â“π∫“∑ ‡æ‘Ë¡™÷Èπ 3 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 1.30 1.2 º≈°“√¥”‡π‘πß“π∑’Ëºà“π¡“¢Õß·μà≈–º≈‘μ¿—≥±å ë √“¬‰¥â®“°°“√¢“¬ ¡’√“¬‰¥â®“°°“√¢“¬√«¡ 3,042 ≈â“π∫“∑ ≈¥≈ß 7 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 0.23 ‡¡◊ËÕ‡∑’¬∫°—∫ªï 2551 ‚¥¬¢“¬‰øøÑ“ „Àâ°“√‰øøÑ“ΩÉ“¬º≈‘μ‡æ‘Ë¡¢÷Èπ 16 ≈â“π∫“∑ μ“¡√“§“°ä“´∏√√¡™“μ‘∑’Ë‡ªìπ¥—™π’°“√§‘¥√“§“´◊ÈÕ¢“¬‰øøÑ“ √«¡∑—Èß¢“¬ ‰øøÑ“„Àâ·°à≈°Ÿ §â“ «πÕÿμ “À°√√¡‡æ‘¡Ë ¢÷πÈ 37 ≈â“π∫“∑ ®“°Õ—μ√“√“§“‡©≈’¬Ë ∑’ Ë ßŸ ¢÷πÈ À≈—ß°“√ª√—∫‡æ‘¡Ë Õ—μ√“§à“‰øøÑ“ (Ft.) „π‡¥◊Õπ¡°√“§¡ ·μà√“¬‰¥â¢“¬‰ÕπÈ”≈¥≈ß 60 ≈â“π∫“∑ ®“° ª√‘¡“≥°“√„™â∑’Ë≈¥≈ß·≈–®“°√“§“∑’Ë≈¥≈ßμ“¡√“§“ πÈ”¡—π‡μ“∑’Ë‡ªìπ¥—™π’°“√§‘¥√“§“´◊ÈÕ¢“¬‰ÕπÈ”

√“¬‰¥âÕπ◊Ë √“¬‰¥âÕπ◊Ë ≈¥≈ß 8 ≈â“π∫“∑ ‡π◊ÕË ß®“°„πªï 2551 ¡’√“¬‰¥â π‘ ‰À¡ª√–°—π¿—¬∑¥·∑π§à“„™â®“à ¬√–À«à“ß°“√´àÕ¡‡§√◊ÕË ß¬πμå ∑’Ë‡ ’¬À“¬

μâπ∑ÿπ·≈–§à“„™â®à“¬ ·¡âμπâ ∑ÿπ°ä“´∏√√¡™“μ‘®– Ÿß¢÷πÈ ·μà “¡“√∂∫√‘À“√°“√‡¥‘π‡§√◊ÕË ß®—°√·≈–°“√∫”√ÿß√—°…“‚√ß‰øøÑ“‰¥âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ ∑”„Àâμâπ∑ÿπ¢“¬√«¡≈¥≈ß 6 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 0.23 ·≈– “¡“√∂§«∫§ÿ¡§à“„™â®à“¬∫√‘À“√®—¥°“√„Àâ≈¥≈ß®“°ªï 2551 ®”π«π 9 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 6.79 ¥Õ°‡∫’È¬®à“¬≈¥≈ß 7 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 6.21 ®“°ªï 2551 ◊∫‡π◊ËÕß ®“°°“√ª√—∫‚§√ß √â“ßÕ—μ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ¬◊¡°—∫ºŸâ „Àâ°Ÿâ√“¬‡¥‘¡„π‰μ√¡“ 2 ªï 2551 ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈‡æ‘Ë¡¢÷Èπ®“° ªï°àÕπ 4 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 34.68

°”‰√ ·¡âª√‘¡“≥·≈–√“¬‰¥â®“°°“√¢“¬®–≈¥≈ßμ“¡¿“«–‡»√…∞°‘®·μà “¡“√∂∫√‘À“√μâπ∑ÿπ¢“¬·≈–§à“„™â®“à ¬∫√‘À“√„Àâ≈¥≈ß ∑”„Àâ°”‰√®“°°“√¥”‡π‘πß“πÕ¬Ÿà„π√–¥—∫‡¥’¬«°—∫ªï 2551®”π«π 395 ≈â“π∫“∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Operational and Financial Analysis This analysis is based on the consolidated financial statements 2009 in comparing to one of 2008. The details of the company and its subsidiariesû financial performance are as described in the audited financial statement herein and the annual statement (Form 56-1).

1. Results of the Operations 1.1 Overview of Operations in the previous year In the year 2009, the revenues were totaling Baht 3,042 million, a decrease of Baht 15 million or 0.48% due to Baht 7 million lower in other revenues and the decrease of industrial steam sales of which affected by the recession. The cost of sales and administrative expenses were Baht 2,650 million, Baht 15 million or 0.57% lower than the previous year. The interest expense reduced by Baht 7 million but the cooperate income tax increased by Baht 4 million, partly from the adjustment of the production and revenue booking. The above changes resulted in the net profit of Baht 264 million, an increase of Baht 3 million or 1.30% from the previous year. 1.2 Operation result of Product Units ë Revenues from Sales The total revenues of the year were Baht 3,042 million, Baht 7 million or 0.23% lower than the previous year. The revenues from sales to EGAT increased by Baht 16 million as the result of the price escalation with the higher fuel gas price. The revenues from selling electricity to industrials were Baht 37 million higher than the previous resulted from the higher electricity rate after the Ft adjustment granted in January. However, the revenues from steam sales reduced by Baht 60 million due to the lower consumption and average price. ë

Other Revenues No insurance compensation was accounted as in the previous year, the other incomes in 2009 was therefore lower by Baht 8 million.

Cost and Expenses Despite the higher gas price, the operating performance was successfully enhanced resulting in reduction of the cost of sales by Baht 6 million or 0.23%. The administration expenses were intensively controlled and reduced Baht 9 million, or 6.79% in comparing to the preceding year. The interest was Baht 7 million or 6.21% lower than the previous year resulting from the loan restructuring in the second quarter of 2008. The adjustment of the tax calculation to the Revenue Department practice in lieu of the BOI principle resulted in an increase of the income tax by Baht 4 million or 34.68%.

Gross Profit Even the sales and revenues were affected by the recession, the earnings from operation was successfully maintained at the last year level of Baht 395 million by the enhanced production and minimized administrative expenses.

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2. ∞“π–°“√‡ß‘π ë

‘π∑√—æ¬å : ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑¡’ ‘π∑√—æ¬å√«¡®”π«π 4,881 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®”π«π 179 ≈â“π∫“∑ À√◊Õ √âÕ¬≈– 3.82 ‚¥¬°“√‡æ‘¡Ë ¢÷πÈ ∑’ Ë ”§—≠ ◊∫‡π◊ÕË ß®“°°“√¥”‡π‘π‚§√ß°“√¢Õß∫√‘…∑— ¬àÕ¬∑’ÕË ¬Ÿ√à –À«à“ß°“√°àÕ √â“ß§◊Õ∑’¥Ë π‘ Õ“§“√ Õÿª°√≥å ·≈–°“√ª≈Ÿ°æ◊™æ≈—ßß“π‡æ◊ËÕ‡ªìπ·À≈àß‡™◊ÈÕ‡æ≈‘ß √«¡∑—Èß ‘Èπ 174 ≈â“π∫“∑

Àπ’È ‘π : ∫√‘…—∑Àπ’È ‘π√«¡ 2,894 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 59 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 2.08 ‡ªìπ°“√‡æ‘Ë¡¢ÕßÀπ’Èß“π°àÕ √â“ß ·≈–ª√–°—π°—πº≈ß“π‚§√ß°“√°àÕ √â“ß¢Õß∫√‘…∑— ¬àÕ¬ ·≈–°“√‡æ‘¡Ë ¢Õß‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“«∑’∂Ë ß÷ °”Àπ¥™”√–√«¡ 55 ≈â“π∫“∑

à«π¢ÕßºŸâ∂◊ÕÀÿâπ : ¡’ à«π¢ÕßºŸâ∂◊ÕÀÿâπ√«¡ 1,987 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 120 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 6.46 ®“°°”‰√ – ¡¬—ß‰¡à ‰¥â®—¥ √√

3. ¿“æ§≈àÕß ë

°√–· ‡ß‘π ¥ : ¡’°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π√«¡ 602 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 305 ≈â“π∫“∑À√◊Õ√âÕ¬≈– 102.5 ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ªï 2551‚¥¬°“√‡æ‘Ë¡¢÷Èπ∑’Ë ”§—≠¡“®“°°“√‡ª≈’Ë¬π·ª≈ß¢Õß≈Ÿ°Àπ’È°“√§â“·≈–‡®â“Àπ’È°“√§â“ √«¡ 212 ≈â“π∫“∑

Õ—μ√“ à«π ¿“æ§≈àÕß : ≈¥≈ß®“° 2.10 ¢Õßªï 2551 ‡À≈◊Õ 1.81 ◊∫‡π◊ËÕß®“°°“√‡æ‘Ë¡¢÷Èπ¢ÕßÀπ’È ‘πÀ¡ÿπ‡«’¬π√«¡ 49 ≈â“π∫“∑ ‚¥¬‡ªìπ à«π‡®â“Àπ’Èß“π°àÕ √â“ß‚§√ß°“√¢Õß∫√‘…—∑¬àÕ¬ ®”π«π 45 ≈â“π∫“∑

4. ª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å·≈–Õ—μ√“À¡ÿπ¢Õß ‘π∑√—æ¬å Õ¬Ÿà„π√–¥—∫„°≈â‡§’¬ß°—∫ªï 2551 ‡∑à“°—∫ 5.52% ·≈– 0,64 %μ“¡ ≈”¥—∫ Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å∂“«√ 12.79% ‡æ‘Ë¡¢÷Èπ®“° 12.58% ¢Õßªï 2551 ‡≈Á°πâÕ¬

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

2. Financial Status ë

Assets : As of December 31, 2009, the total assets amounted to Baht 4,881 million, an increase of Baht 179 million or 3.82% mainly from the additional equipments and energy plant farming of the subsidiariesû project in progress totaling Baht 174 million.

Liabilities : The total liabilities amounted to Baht 2,894 million Baht, an increase of Baht 59 million or 2.08% in comparing with 2008 mainly from the increase of the construction and retention account payable and incremental repayment of the long term loan due.

Shareholdersû Equity : Shareholdersû equity totaled Baht 1,987 million, an increase of Baht 120 million or 6.46% from the increase of the net retained earnings.

3. Liquidity ë

Cash Flow : The company had net cash from operating activities of Baht 602 million, Baht 305 million or 102.5% higher than the previous year resulted from the positive changes of the trade receivable and payable accounts.

Liquidity Ratio : Decreased from 2.10 of the year 2008 to 1.81 due to the Baht 49 million increase of the current liabilities of which mainly for the construction and retention payable of the subsidiaryûs project amount of Baht 45 million.

4. Effectiveness The return on total assets and the total assets turnover were equivalent to the previous year.The return on fixed assets was 12.79% slightly higher than 12.58% of the previous year as the result of the lower average fixed asset

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√“¬ß“π§«“¡√—∫º‘¥™Õ∫ ¢Õß§≥–°√√¡°“√μàÕ√“¬ß“π∑“ß°“√‡ß‘π §≥–°√√¡°“√∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ‡ªìπºŸâ√—∫º‘¥™Õ∫ß∫°“√‡ß‘π¢Õß∫√‘…—∑ ·≈–∫√‘…—∑¬àÕ¬ ∑’Ëπ”¡“®—¥∑” ß∫°“√‡ß‘π√«¡ ·≈–√«¡∂÷ß¢âÕ¡Ÿ≈ “√ π‡∑»∑“ß°“√‡ß‘π∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªï ´÷Ëß‰¥â®—¥∑”¢÷Èπμ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª¿“¬„μâ æ√–√“™∫—≠≠—μ°‘ “√∫—≠™’ æ.». 2543 ·≈–μ“¡¢âÕ°”Àπ¥¢Õß§≥–°√√¡°“√°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ‚¥¬‰¥â¡°’ “√‡ªî¥‡º¬ ¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ·≈–∂Ÿ°μâÕß§√∫∂â«π„π “√– ”§—≠∑ÿ°ª√–°“√ πÕ°®“°π’È §≥–°√√¡°“√∫√‘…—∑¬—ß‰¥â®—¥„Àâ¡’√–∫∫∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕªÑÕß°—π‰¡à „Àâ‡°‘¥§«“¡‡ ’Ë¬ß®“°°“√¥”‡π‘πß“πÀ√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ ¡’°“√√–∫∫ªÑÕß°—π·≈–¥Ÿ·≈√—°…“ ∑√—æ¬å π‘ ∑’¥Ë ’ ·≈–√“¬°“√∑’‡Ë °’¬Ë «‚¬ß°—π´÷ßË Õ“®∑”„Àâ‡°‘¥§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå‡ªìπ√“¬°“√®√‘ß∑“ß°“√§â“ Õ—π‡ªìπ∏ÿ√°‘®ª°μ‘∑«—Ë ‰ª Õ¬à“ß ¡‡Àμÿ ¡º≈·≈–‡ªìπª√–‚¬™πå Ÿß ÿ¥ §≥–°√√¡°“√∫√‘…∑— μ√–Àπ—°∂÷ß§«“¡ ”§—≠¢Õßß∫°“√‡ß‘π ·≈–°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— ®÷ß‰¥â·μàßμ—ßÈ §≥–°√√¡°“√μ√«® Õ∫ ‡ªìπºŸâ¥Ÿ·≈‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õßß∫°“√‡ß‘π ·≈–°“√§«∫§ÿ¡¿“¬„π ¥—ß§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷Ëß· ¥ß‰«â „π√“¬ß“π¢Õß §≥–°√√¡°“√μ√«® Õ∫ª√–®”ªï·≈â« ¥—ßπ—Èπ §≥–°√√¡°“√∫√‘…—∑ ®÷ß¡’§«“¡‡ÀÁπ«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑ ‚¥¬√«¡Õ¬Ÿà„π√–¥—∫∑’Ëπà“æÕ„® ·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àμÿº≈μàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õßß∫°“√‡ß‘π¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ´÷ËßºŸâμ√«® Õ∫∫—≠™’¢Õß ∫√‘…—∑ ‰¥âμ√«® Õ∫μ“¡¡“μ√∞“π°“√ Õ∫∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ·≈–· ¥ß§«“¡‡ÀÁπ«à“ß∫°“√‡ß‘π¢Õß∫√‘…—∑· ¥ß∞“π–°“√‡ß‘π·≈– º≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥‚¥¬∂Ÿ°μâÕßμ“¡∑’Ë§«√„π “√– ”§—≠ μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª

π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“ ª√–∏“π°√√¡°“√

π“¬«‘‚√®πå ∏’√«—≤πå«“∑’ °√√¡°“√ºŸ®â ¥— °“√

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Report on the Board of Directorsû Responsibility on Financial Statements The Board of Directors takes responsibility for the financial statements of the company and its subsidiary being consolidated, including other financial information shown on this annual report. The financial statements shall duly represent its financial status, performance, results, and cash flow position, in an adequate and reliable manner, in compliance with general accepted accounting principles under the Accounting Ace B.E. 2543 (2000) and requirements of the Securities and Exchange Commission, including transparently disclosure of sufficient information in the notes section of the financial statements. The Board of Directors also has a risk management policy and efficiently implements its internal control system in order to protect against fraud and irregularity transaction. The companyûs assets are properly safeguarded and any related transactions, which might be the conflict of interests, are recorded accurately and be a normal and reasonable business practice price as well as being the most beneficial to the company. The Board of Directors recognizes the importance of the company financial statements and internal control system. For this respect, the Board of Directors has appointed an Audit Committee to oversee the quality of the financial statements and the company internal control system, including the risk management. These comments have already been shown in the Report of the Audit Committee in this annual report. The financial statements of the company and its subsidiary being consolidated have been verified by Ernst & Young Office Limited, in which the Board of Directors has supported all appropriated information and documents with the chosen accounting policy to the auditor. The auditor has reported their examination as shown on the report of the independent auditor in this annual report. The Board of Directors agrees that the companyûs internal control system is deemed adequate and appropriate and brings confidence in the reliability of the financial statements of the company and its subsidiary being consolidated for the period ending December 31, 2009 which the auditor has verified and given the opinion that the consolidated and the companyûs financial statements present fairly in all material respects in accordance with generally accepted accounting principles.

(Mr. Boonkiet Chokwatana) Chairman

(Mr. Viroj Theeravatvatee) Managing Director

79 This annual report is printed on Green Series paper made from 100% Eco Fiber

§à“μÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ 1. §à“μÕ∫·∑π®“°°“√ Õ∫∫—≠™’ (Audit Fee) ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬§à“μÕ∫·∑π°“√ Õ∫∫—≠™’„Àâ·°à ë ∫√‘…∑— ”π—°ß“π‡Õ‘π å∑ ·Õπ∑å ¬—ß ®”°—¥ ´÷ßË ‡ªìπ ”π—°ß“πºŸ â Õ∫∫—≠™’∑º’Ë Ÿâ Õ∫∫—≠™’ ß— °—¥ ∫ÿ§§≈À√◊Õ°‘®°“√∑’‡Ë °’¬Ë «°—∫ºŸ â Õ∫∫—≠™’ ·≈– ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ „π√Õ∫ªï∫—≠™’∑’Ëºà“π¡“ ®”π«π‡ß‘π√«¡1,140,000.-∫“∑

2. §à“∫√‘°“√Õ◊Ëπ (Non-audit Fee) ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬§à“μÕ∫·∑π¢Õßß“π∫√‘°“√Õ◊ËπÊ ‰¥â·°à °“√μ√«® Õ∫°“√ªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢¢Õß∫—μ√ àß‡ √‘¡°“√≈ß∑ÿπ ë ∫√‘…—∑ ”π—°ß“π‡Õ‘π å∑ ·Õπ∑å ¬—ß ®”°—¥ ´÷Ëß‡ªìπ ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«°—∫ ºŸâ Õ∫∫—≠™’·≈– ”π—°ß“π Õ∫∫—≠™’¥—ß°≈à“« „π√Õ∫ªï∑’Ëºà“π¡“¡’®”π«π‡ß‘π√«¡ 100,000.- ∫“∑

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Auditor Fees of the Auditor 1. Audit Fee The company and its subsidiary paid for the auditor fee as following: ë Ernst & Young Office Limited, the companyûs audit firm to which the auditor is affiliated, persons or businesses associated to the auditor and audit firm to which the auditor is affiliated in the 2009 accounting period, a total amount of 1,140,000.- Baht

2. Non-audit Fee The company and its subsidiary paid for other services namely inspections in compliance with the term stipulated by the Board of Investment of Thailand detailed as following: ë Ernst & Young Office Limited, the companyûs audit firm to which the auditor is affiliated, persons or businesses associated to the auditor and audit firm to which the auditor is affiliated in the 2009 accounting period, a total amount of 100,000.- Baht.

81 This annual report is printed on Green Series paper made from 100% Eco Fiber

√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡ πÕμàÕºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ¢â“æ‡®â“‰¥âμ√«® Õ∫ß∫¥ÿ≈√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢Õß ºŸâ∂◊ÕÀÿâπ√«¡·≈–ß∫°√–· ‡ß‘π ¥√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·μà≈–ªï¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–‰¥âμ√«® Õ∫ß∫°“√‡ß‘π‡©æ“–°‘®°“√¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ¥â«¬‡™àπ°—π ´÷ËßºŸâ∫√‘À“√¢Õß°‘®°“√‡ªìπºŸâ√—∫ º‘¥™Õ∫μàÕ§«“¡∂Ÿ°μâÕß·≈–§√∫∂â«π¢Õß¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π‡À≈à“π’È à«π¢â“æ‡®â“‡ªìπºŸâ√—∫º‘¥™Õ∫„π°“√· ¥ß§«“¡‡ÀÁπμàÕß∫°“√‡ß‘π¥—ß °≈à“«®“°º≈°“√μ√«® Õ∫¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‰¥âªØ‘∫—μ‘ß“πμ√«® Õ∫μ“¡¡“μ√∞“π°“√ Õ∫∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ´÷Ëß°”Àπ¥„Àâ¢â“æ‡®â“μâÕß«“ß·ºπ·≈–ªØ‘∫—μ‘ß“π‡æ◊ËÕ„Àâ ‰¥â§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àμÿº≈«à“ ß∫°“√‡ß‘π· ¥ß¢âÕ¡Ÿ≈∑’Ë¢—¥μàÕ¢âÕ‡∑Á®®√‘ßÕ—π‡ªìπ “√– ”§—≠À√◊Õ‰¡à °“√μ√«® Õ∫√«¡∂÷ß°“√„™â«‘∏’°“√ ∑¥ Õ∫À≈—°∞“πª√–°Õ∫√“¬°“√∑—Èß∑’Ë‡ªìπ®”π«π‡ß‘π·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π °“√ª√–‡¡‘π§«“¡‡À¡“– ¡¢ÕßÀ≈—°°“√∫—≠™’ ∑’Ë°‘®°“√„™â·≈–ª√–¡“≥°“√‡°’Ë¬«°—∫√“¬°“√∑“ß°“√‡ß‘π∑’Ë‡ªìπ “√– ”§—≠ ´÷ËßºŸâ∫√‘À“√‡ªìπºŸâ®—¥∑”¢÷Èπ μ≈Õ¥®π°“√ª√–‡¡‘π∂÷ß§«“¡ ‡À¡“– ¡¢Õß°“√· ¥ß√“¬°“√∑’Ëπ”‡ πÕ„πß∫°“√‡ß‘π‚¥¬√«¡ ¢â“æ‡®â“‡™◊ËÕ«à“°“√μ√«® Õ∫¥—ß°≈à“«„Àâ¢âÕ √ÿª∑’Ë‡ªìπ‡°≥±åÕ¬à“ß‡À¡“– ¡ „π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‡ÀÁπ«à“ ß∫°“√‡ß‘π¢â“ßμâππ’È· ¥ß∞“π–°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 º≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·μà≈–ªï¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–‡©æ“–¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ‚¥¬∂Ÿ°μâÕßμ“¡∑’Ë§«√„π “√– ”§—≠μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª

∑‘æ«—≈¬å π“π“πÿ«—≤πå ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡≈¢∑–‡∫’¬π 3459 ∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ °√ÿß‡∑æœ: 26 °ÿ¡¿“æ—π∏å 2553

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Report of Independent Auditor Report of Independent Auditor To the Shareholders of Sahacogen (Chonburi) Public Company Limited I have audited the accompanying consolidated balance sheets of Sahacogen (Chonburi) Public Company Limited and its subsidiaries as at 31 December 2009 and 2008, the related consolidated statements of income, changes in shareholdersû equity and cash flows for the years then ended, and the separate financial statements of Sahacogen (Chonburi) Public Company Limited for the same periods. These financial statements are the responsibility of the Companyûs management as to their correctness and the completeness of the presentation. My responsibility is to express an opinion on these financial statements based on my audits. I conducted my audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audits provide a reasonable basis for my opinion. In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Sahacogen (Chonburi) Public Company Limited and its subsidiaries and of Sahacogen (Chonburi) Public Company Limited as at 31 December 2009 and 2008, the results of their operations, and cash flows for the years then ended, in accordance with generally accepted accounting principles.

Thipawan Nananuwat Certified Public Accountant (Thailand) No. 3459 Ernst & Young Office Limited Bangkok: 26 February 2010

83 This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫¥ÿ≈ ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) À¡“¬‡Àμÿ ‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« - À≈—°∑√—æ¬å‡æ◊ËÕ§â“ ≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫®“°∫√‘…—∑¬àÕ¬ Õ–‰À≈à·≈–«— ¥ÿ§ß‡À≈◊Õ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ §à“„™â®à“¬≈à«ßÀπâ“ ¿“…’¡Ÿ≈§à“‡æ‘Ë¡√Õ√—∫§◊π ¿“…’‡ß‘π‰¥â∂Ÿ°À—° ≥ ∑’Ë®à“¬ √“¬‰¥â§â“ß√—∫ Õ◊πË Ê √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ - À≈—°∑√—æ¬å‡º◊ËÕ¢“¬ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ μâπ∑ÿπ°“√ª≈Ÿ°æ◊™æ≈—ßß“π ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π √«¡ ‘π∑√—æ¬å

5 5,6 6 6

7 8 9 10

84 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

ß∫°“√‡ß‘π√«¡ 2552 2551

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

93,035,299 234,046 294,256,463 108,529,333 138,976,683

51,865,020 9,834,046 345,616,248 87,462,357 137,622,444

52,719,281 234,046 294,256,463 108,529,333 635,959 133,866,343

44,184,451 9,834,046 345,616,248 87,462,357 23,923,428 130,974,027

6,291,795 6,489,431 6,350,097 8,300,000 1,040,892 28,472,215 663,504,039

5,189,419 11,027,075 4,646,445 4,300,000 10,074,361 35,237,300 667,637,415

6,091,566 6,068,910 8,300,000 20,460,476 610,701,901

4,961,534 10,165,190 4,638,405 4,300,000 9,922,657 33,987,786 675,982,343

8,000,000 4,163,261,043 4,007,992,691 45,455,252 26,447,851 1,750,742 241,350 4,218,467,037 4,034,681,892 4,881,971,076 4,702,319,307

692,499,900 253,749,900 8,000,000 3,580,542,930 3,811,824,167 241,951 241,350 4,281,284,781 4,065,815,417 4,891,986,682 4,741,797,760

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Balance sheets Sahacogen (Chonburi) Public Company Limited and its subsidiaries As at 31 December 2009 and 2008

Note Assets Current assets Cash and cash equivalents Current investments - securities held for trading Trade accounts receivable Trade accounts receivable - related company Other receivable - subsidiary Short-term loans to and interest receivable from subsidiary Spare parts and supplies Other current assets Prepaid expenses Value added tax refundable Income tax deducted at source Accrued income Others Total other current assets Total current assets Non-current assets Investments in subsidiaries Other long-term investments - availablefor-sale securities Property, plant and equipment - net Project cost of energy plant farming Other non-current assets Total non-current assets Total assets

5 5,6 6 6

7 8 9 10

(Unit: Baht) Separate financial statements 2009 2008

Consolidated financial statements 2009 2008

93,035,299 234,046 294,256,463 108,529,333 -

51,865,020 9,834,046 345,616,248 87,462,357 -

52,719,281 234,046 294,256,463 108,529,333 635,959 -

44,184,451 9,834,046 345,616,248 87,462,357 23,923,428

138,976,683

137,622,444

133,866,343

130,974,027

6,291,795 6,489,431 6,350,097 8,300,000 1,040,892 28,472,215 663,504,039

5,189,419 11,027,075 4,646,445 4,300,000 10,074,361 35,237,300 667,637,415

6,091,566 6,068,910 8,300,000 20,460,476 610,701,901

4,961,534 10,165,190 4,638,405 4,300,000 9,922,657 33,987,786 675,982,343

8,000,000

692,499,900 8,000,000

253,749,900 -

4,163,261,043 4,007,992,691 45,455,252 26,447,851 1,750,742 241,350 4,218,467,037 4,034,681,892 4,881,971,076 4,702,319,307

3,580,542,930 3,811,824,167 241,951 241,350 4,281,284,781 4,065,815,417 4,891,986,682 4,741,797,760

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫¥ÿ≈ (μàÕ) ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) À¡“¬‡Àμÿ Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡®â“Àπ’°È “√§â“ ‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡®â“Àπ’Èß“π°àÕ √â“ß·≈–‡ß‘πª√–°—πº≈ß“π à«π¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ §à“„™â®à“¬§â“ß®à“¬ ¿“…’¡Ÿ≈§à“‡æ‘Ë¡∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– ¿“…’¡Ÿ≈§à“‡æ‘Ë¡√Õπ” àß ‡®â“Àπ’ÈÕ◊Ëπ Õ◊πË Ê √«¡Àπ’ È π‘ À¡ÿπ‡«’¬πÕ◊πË √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√– ¿“¬„πÀπ÷Ëßªï √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π √«¡Àπ’ È π‘ à«π¢ÕßºŸ∂â Õ◊ Àÿπâ ∑ÿπ‡√◊ÕπÀÿâπ ∑ÿπ®¥∑–‡∫’¬π ÕÕ°®”Àπà“¬·≈–™”√–‡μÁ¡¡Ÿ≈§à“·≈â« Àÿâπ “¡—≠ 955,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ à«π‡°‘π¡Ÿ≈§à“Àÿπâ º≈¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®√‘ß à«πμË”°«à“∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ °”‰√ – ¡ ®—¥ √√·≈â« - ”√Õßμ“¡°ÆÀ¡“¬ ¬—ß‰¡à ‰¥â®¥— √√ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

6 11

8 12

86 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

ß∫°“√‡ß‘π√«¡ 2552 2551

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

157,004,512 52,606,415 49,383,105 80,000,000

183,686,179 34,954,908 3,943,883 70,000,000

157,004,512 52,786,854 80,000,000

183,686,179 38,829,084 70,000,000

7,645,857 9,509,087 5,807,116 3,362,802 1,940,127 28,264,989 367,259,021

9,369,339 11,192,305 2,250,510 2,874,761 25,686,915 318,271,885

6,371,159 9,391,815 5,807,116 2,798,743 977,612 25,346,445 315,137,811

6,583,400 11,192,305 2,250,510 2,705,122 22,731,337 315,246,600

2,527,100,000 2,517,100,000 2,527,100,000 2,517,100,000 2,894,359,021 2,835,371,885

2,527,100,000 2,527,100,000 2,842,237,811

2,517,100,000 2,517,100,000 2,832,346,600

955,000,000 285,447,000

(600,000)

95,500,000 95,500,000 651,878,292 529,772,744 1,987,225,292 1,865,719,744 386,763 1,227,678 1,987,612,055 1,866,947,422 4,881,971,076 4,702,319,307 -

95,500,000 95,500,000 714,401,871 573,504,160 2,049,748,871 1,909,451,160 2,049,748,871 1,909,451,160 4,891,986,682 4,741,797,760 -

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Balance sheets (continued) Sahacogen (Chonburi) Public Company Limited and its subsidiaries As at 31 December 2009 and 2008

Note Liabilities and shareholdersû equity Current liabilities Trade accounts payable Amount due to related parties Construction and retention payables Current portion of long-term loans Other current liabilities Accrued expenses Undue value added tax Value added tax payable Other accounts payable Others Total other current liabilities Total current liabilities Non-current liabilities Long-term loans - net of current portion Total non-current liabilities Total liabilities Shareholdersû equity Share capital Registered, issued and fully paid 955,000,000 ordinary shares of Baht 1 each Share premium Unrealised loss Revaluation deficit on changes in value of investments Retained earnings Appropriated - statutory reserve Unappropriated Equity attributable to the companyûs shareholders Minority interest - equity attributable to minority shareholders of subsidiary Total shareholdersû equity Total liabilities and shareholdersû equity

6 11

(Unit: Baht) Separate financial statements 2009 2008

Consolidated financial statements 2009 2008

157,004,512 52,606,415 49,383,105 80,000,000

183,686,179 34,954,908 3,943,883 70,000,000

157,004,512 52,786,854 80,000,000

183,686,179 38,829,084 70,000,000

7,645,857 9,509,087 5,807,116 3,362,802 1,940,127 28,264,989 367,259,021

9,369,339 11,192,305 2,250,510 2,874,761 25,686,915 318,271,885

6,371,159 9,391,815 5,807,116 2,798,743 977,612 25,346,445 315,137,811

6,583,400 11,192,305 2,250,510 2,705,122 22,731,337 315,246,600

2,527,100,000 2,517,100,000 2,527,100,000 2,517,100,000 2,894,359,021 2,835,371,885

2,527,100,000 2,517,100,000 2,527,100,000 2,517,100,000 2,842,237,811 2,832,346,600

955,000,000 285,447,000

(600,000)

95,500,000 95,500,000 651,878,292 529,772,744 1,987,225,292 1,865,719,744

95,500,000 95,500,000 714,401,871 573,504,160 2,049,748,871 1,909,451,160

386,763 1,227,678 1,987,612,055 1,866,947,422 4,881,971,076 4,702,319,307 The accompanying notes are an integral part of the financial statements.

2,049,748,871 1,909,451,160 4,891,986,682 4,741,797,760 -

This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫°”‰√¢“¥∑ÿπ ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) À¡“¬‡Àμÿ √“¬‰¥â √“¬‰¥â®“°°“√¢“¬ √“¬‰¥âÕ◊Ëπ ¥Õ°‡∫’¬È √—∫ Õ◊πË Ê √«¡√“¬‰¥â §à“„™â®à“¬ μâπ∑ÿπ¢“¬ §à“„™â®à“¬„π°“√∫√‘À“√ §à“μÕ∫·∑πºŸâ∫√‘À“√ √«¡§à“„™â®à“¬ °”‰√°àÕπ§à“„™â®à“¬∑“ß°“√‡ß‘π·≈–¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ §à“„™â®à“¬∑“ß°“√‡ß‘π °”‰√°àÕπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ °”‰√ ÿ∑∏‘ ”À√—∫ªï

°“√·∫àßªíπ°”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ °”‰√μàÕÀÿâπ °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à

ß∫°“√‡ß‘π√«¡ 2552 2551

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

3,041,864,211 3,048,741,809

3,041,864,211

3,048,741,809

683,211 1,356,109 3,770,074 11,027,637 3,046,317,496 3,061,125,555

1,499,059 1,766,438 3,045,129,708

1,647,155 7,811,313 3,058,200,277

2,523,010,972 2,528,898,372 103,578,955 115,064,029 24,046,217 21,860,420 2,650,636,144 2,665,822,821 395,681,352 395,302,734 (113,644,973) (121,171,819) 282,036,379 274,130,915 (17,521,746) (13,009,233) 264,514,633 261,121,682

2,523,010,972 2,528,898,372 84,476,692 88,357,479 22,264,737 20,768,420 2,629,752,401 2,638,024,271 415,377,307 420,176,006 (113,707,850) (121,171,819) 301,669,457 299,004,187 (17,521,746) (13,009,233) 284,147,711 285,994,954

265,355,548 (840,915) 264,514,633

261,144,004 (22,322) 261,121,682

0.28

0.27

284,147,711

285,994,954

88 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

0.30

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Income statements Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008

Note Revenues Sales Other income Interest income Others Total revenues Expenses Cost of sales Administrative expenses Management benefit expenses Total expenses Income before finance cost and corporate income tax Finance cost Income before corporate income tax Corporate income tax Net income for the year

Net income attributable to: Equity holders of the parent Minority interests of the subsidiary Earnings per share 16 Basic earnings per share Net income attributable to equity holders of the parent

Consolidated financial statements 2009 2008

(Unit: Baht) Separate financial statements 2009 2008

3,041,864,211 3,048,741,809

3,041,864,211

3,048,741,809

683,211 1,356,109 3,770,074 11,027,637 3,046,317,496 3,061,125,555

1,499,059 1,766,438 3,045,129,708

1,647,155 7,811,313 3,058,200,277

2,523,010,972 2,528,898,372 103,578,955 115,064,029 24,046,217 21,860,420 2,650,636,144 2,665,822,821

2,523,010,972 2,528,898,372 84,476,692 88,357,479 22,264,737 20,768,420 2,629,752,401 2,638,024,271

395,681,352 (113,644,973) 282,036,379 (17,521,746) 264,514,633

395,302,734 (121,171,819) 274,130,915 (13,009,233) 261,121,682

415,377,307 (113,707,850) 301,669,457 (17,521,746) 284,147,711

420,176,006 (121,171,819) 299,004,187 (13,009,233) 285,994,954

265,355,548 (840,915) 264,514,633

261,144,004 (22,322) 261,121,682

284,147,711

285,994,954

0.28

0.27

0.30

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

0.30

ß∫°√–· ‡ß‘π ¥ ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡ 2552 2551 °√–· ‡ß‘π ¥®“° („™â‰ª„π) °‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘°àÕπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ 282,036,379 √“¬°“√ª√—∫°√–∑∫¬Õ¥°”‰√ ÿ∑∏‘°àÕπ¿“…’‡ªìπ‡ß‘π ¥√—∫ (®à“¬) ®“°°‘®°√√¡¥”‡π‘πß“π ¢“¥∑ÿπ(°”‰√)®“°°“√®”Àπà“¬Õÿª°√≥å (539) ¢“¥∑ÿπ®“°°“√μ—¥®”Àπà“¬μâπ∑ÿπ°“√ª≈Ÿ°æ◊™æ≈—ßß“π §à“‡ ◊ÕË ¡√“§“ 263,347,454 ¢“¥∑ÿπ(°”‰√)∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“¢ÕßÀ≈—°∑√—æ¬å 1,000,000 §à“„™â®à“¬¥Õ°‡∫’È¬ 113,644,973 °”‰√®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß„π ‘π∑√—æ¬å·≈– Àπ’È ‘π¥”‡π‘πß“π 660,028,267 ‘π∑√—æ¬å¥”‡π‘πß“π (‡æ‘Ë¡¢÷Èπ) ≈¥≈ß À≈—°∑√—æ¬å‡æ◊ËÕ§â“ ≈Ÿ°Àπ’È°“√§â“ 51,359,785 ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π (21,066,976) ≈Ÿ°Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬ Õ–‰À≈à·≈–«— ¥ÿ§ß‡À≈◊Õ (1,354,239) ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ 8,468,736 ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ (1,509,392) Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ‡®â“Àπ’°È “√§â“ (26,681,667) ‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 17,651,507 ‡®â“Àπ’Èß“π°àÕ √â“ß·≈–‡ß‘πª√–°—πº≈ß“π 45,439,222 Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ 2,578,074 ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π 734,913,317 ®à“¬¥Õ°‡∫’È¬ (113,644,973) ®à“¬¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ (19,225,397) ‡ß‘π ¥ ÿ∑∏‘®“°°‘®°√√¡¥”‡π‘πß“π 602,042,947

90 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

274,130,915

301,669,457

299,004,187

29,186 1,980,985 251,602,096 (1,300,000) 121,171,819

(539) 257,057,527 1,000,000 113,707,850

27,756 246,912,067 (1,300,000) 121,171,819

647,615,001

673,434,295

665,815,829

(7,970,461) (67,386,797) 8,597,576 (5,906,196) (17,903,470) 1,663,223

51,359,785 (21,066,976) (635,959) (2,892,316) 14,957,814 (601)

(7,970,461) (67,386,797) 8,597,576 (1,020,523) (16,894,816) 1,663,223

(116,162,101) 855,145 2,401,153 (1,273,249) 444,529,824 (121,171,819) (26,080,306) 297,277,699

(26,681,667) 13,957,770 2,615,108 705,047,253 (113,707,850) (18,952,250) 572,387,153

(116,162,101) 8,202,402 (2,228,666) 472,615,666 (121,171,819) (26,079,482) 325,364,365

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Statements of cash flows Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008

Consolidated financials statement 2009 2008 Cash flows from (used in) operating activities Net income before corporate income tax Adjustment to reconcile net income before tax to net cash provided by (paid from) operating activities Losses (gains) on disposal of equipment Loss on written off project cost of energy plant farming Depreciation Unrealised loss (gain) on change in value of securities Interest expenses Income from operating activities before changes in operating assets and liabilities Operating assets (increase) decrease Securities held for trading Trade accounts receivable Trade accounts receivable - related company Other receivable - subsidiary Spare parts and supplies Other current assets Other non-current assets Operating liabilities increase (decrease) Trade accounts payable Amount due to related parties Construction and retention payables Other current liabilities Cash flows from operating activities Cash paid for interest expenses Cash paid for corporate income tax Net cash flows from operating activities

(Unit: Baht) Separate financial statements 2009 2008

282,036,379

274,130,915

301,669,457

299,004,187

(539) 263,347,454 1,000,000 113,644,973

29,186 1,980,985 251,602,096 (1,300,000) 121,171,819

(539) 257,057,527 1,000,000 113,707,850

27,756 246,912,067 (1,300,000) 121,171,819

660,028,267

647,615,001

673,434,295

665,815,829

51,359,785 (21,066,976) (1,354,239) 8,468,736 (1,509,392)

(7,970,461) (67,386,797) 8,597,576 (5,906,196) (17,903,470) 1,663,223

51,359,785 (21,066,976) (635,959) (2,892,316) 14,957,814 (601)

(7,970,461) (67,386,797) 8,597,576 (1,020,523) (16,894,816) 1,663,223

(26,681,667) 17,651,507 45,439,222 2,578,074 734,913,317 (113,644,973) (19,225,397) 602,042,947

(116,162,101) 855,145 2,401,153 (1,273,249) 444,529,824 (121,171,819) (26,080,306) 297,277,699

(26,681,667) 13,957,770 2,615,108 705,047,253 (113,707,850) (18,952,250) 572,387,153

(116,162,101) 8,202,402 (2,228,666) 472,615,666 (121,171,819) (26,079,482) 325,364,365

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫°√–· ‡ß‘π ¥ (μàÕ) ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡ 2552 2551 °√–· ‡ß‘π ¥®“° („™â‰ª„π) °‘®°√√¡≈ß∑ÿπ ≈ß∑ÿπ„πμâπ∑ÿπ°“√ª≈Ÿ°æ◊™æ≈—ßß“π (19,007,401) ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫®“°∫√‘…—∑¬àÕ¬(‡æ‘Ë¡¢÷Èπ)≈¥≈ß ≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬Õÿª°√≥å 13,072 ´◊ÈÕ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å (418,628,339) ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡≈ß∑ÿπ (437,622,668) °√–· ‡ß‘π ¥®“° („™â‰ª„π) °‘®°√√¡®—¥À“‡ß‘π ‡ß‘π ¥√—∫®“°‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ®à“¬§◊π‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ‡ß‘πªíπº≈®à“¬ √—∫‡ß‘π≈ß∑ÿπ„πÀÿâπ®“°ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥μâπªï ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ª≈“¬ªï

92 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

90,000,000 (70,000,000) (143,250,000) (123,250,000) 41,170,279 51,865,020 93,035,299 -

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

(4,789,768) 10,735 (170,054,188) (174,833,221)

23,923,428 (438,750,000) 13,072 (25,788,823) (440,602,323)

(23,923,428) (3,749,970) 4,735 (136,414,211) (164,082,874)

(70,000,000) (286,500,000) 1,250,000 (355,250,000) (232,805,522) 284,670,542 51,865,020 -

90,000,000 (70,000,000) (143,250,000) (123,250,000) 8,534,830 44,184,451 52,719,281 -

(70,000,000) (286,500,000) (356,500,000) (195,218,509) 239,402,960 44,184,451 -

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Statements of cash flows (continued) Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008

Consolidated financial statements 2009 2008 Cash flows from (used in) investing activities Investment in project cost of energy plant farming (19,007,401) (Increase) decrease in short-term loans to and interest receivable from subsidiary Investment in subsidiaries Cash received from sales of equipment 13,072 Acquisition of property, plant and equipment (418,628,339) Net cash flows used in investing activities (437,622,668) Cash flows from (used in) financing activities Cash received from long-term loans 90,000,000 Repayment of long-term loans (70,000,000) Dividend paid (143,250,000) Receipt of share capital from minority shareholders of subsidiary Net cash flows used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year

(123,250,000) 41,170,279 51,865,020 93,035,299 -

(Unit: Baht) Separate financial statements 2009 2008

(4,789,768)

10,735 (170,054,188) (174,833,221)

23,923,428 (438,750,000) 13,072 (25,788,823) (440,602,323)

(23,923,428) (3,749,970) 4,735 (136,414,211) (164,082,874)

(70,000,000) (286,500,000) 1,250,000

90,000,000 (70,000,000) (143,250,000) -

(70,000,000) (286,500,000) -

(355,250,000) (232,805,522) 284,670,542 51,865,020 -

(123,250,000) 8,534,830 44,184,451 52,719,281 -

(356,500,000) (195,218,509) 239,402,960 44,184,451 -

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à ∑ÿπ‡√◊ÕπÀÿπâ º≈¢“¥∑ÿπ √«¡ à«π¢Õß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑’ËÕÕ° à«π‡°‘π ∑’¬Ë ß— °”‰√ – ¡ ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß ·≈–™”√–·≈â« ¡Ÿ≈§à“Àÿπâ ‰¡à‡°‘¥¢÷πÈ ®√‘ß ®—¥ √√·≈â« ¬—ß‰¡à‰¥â®—¥ √√ ∫√‘…—∑„À≠à ∫√‘…∑— ¬àÕ¬ √«¡ 955,000,000 285,447,000 - 95,500,000 555,128,740 1,891,075,740 - 1,891,075,740

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àμÿ 19) à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ¢Õß∫√‘…—∑¬àÕ¬ ¬Õ¥§ß‡À≈◊Õ 955,000,000 285,447,000 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2551 º≈¢“¥∑ÿπ®“°°“√‡ª≈’¬Ë π·ª≈ß ¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å ‡º◊ËÕ¢“¬∑’Ë√—∫√Ÿâ „π à«π¢Õß ºŸâ∂◊ÕÀÿâπ °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àμÿ 19) ¬Õ¥§ß‡À≈◊Õ 955,000,000 285,447,000 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552

- 261,144,004 261,144,004 - (286,500,000) (286,500,000) -

(22,322) 261,121,682 - (286,500,000) 1,250,000 1,250,000

95,500,000 529,772,744 1,865,719,744

1,227,678 1,866,947,422

(600,000)

- 265,355,548 265,355,548 - (143,250,000) (143,250,000) 95,500,000 651,878,292 1,987,225,292

(600,000)

(840,915) 264,514,633 - (143,250,000) 386,763 1,987,612,055 -

94 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Statements of changes in shareholdersû equity Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008 (Unit: Baht) Consolidated financial statements Equity attributable to the parentûs shareholders

Total equity Issued and attributable to paid-up Share Unrealised Retained earnings the parentûs share capital premium loss Appropriated Unappropriated shareholders 955,000,000 285,447,000 - 95,500,000 555,128,740 1,891,075,740

Balance as at 31 December 2007 Net income for the year Dividend paid (Note 19) Minority interest - equity attributable to minority shareholders of subsidiary Balance as at 955,000,000 285,447,000 31 December 2008 Loss from changes in value of investments in availablefor-sale securities recognised in shareholdersû equity Net income for the year Dividend paid (Note 19) Balance as at 955,000,000 285,447,000 31 December 2009

Minority interest-equity attributable to minority shareholders of subsidiary Total - 1,891,075,740

- 261,144,004 261,144,004 - (286,500,000) (286,500,000) -

(22,322) 261,121,682 - (286,500,000) 1,250,000 1,250,000

95,500,000 529,772,744 1,865,719,744

1,227,678 1,866,947,422

(600,000)

- 265,355,548 265,355,548 - (143,250,000) (143,250,000) 95,500,000 651,878,292 1,987,225,292

(600,000)

(840,915) 264,514,633 - (143,250,000) 386,763 1,987,612,055

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 (Àπà«¬: ∫“∑)

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àμÿ 19) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2551 º≈¢“¥∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ „πÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬∑’Ë√—∫√Ÿâ „π à«π¢ÕßºŸâ∂◊ÕÀÿâπ °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àμÿ 19) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552

∑ÿπ‡√◊ÕπÀÿπâ ∑’ËÕÕ° à«π‡°‘π ·≈–™”√–·≈â« ¡Ÿ≈§à“Àÿπâ 955,000,000 285,447,000 955,000,000 285,447,000 955,000,000 285,447,000

ß∫°“√‡ß‘π√«¡ º≈¢“¥∑ÿπ ∑’¬Ë ß— °”‰√ – ¡ ‰¡à‡°‘¥¢÷πÈ ®√‘ß ®—¥ √√·≈â« ¬—ß‰¡à‰¥â®—¥ √√ - 95,500,000 574,009,206 - 285,994,954 - (286,500,000) - 95,500,000 573,504,160 (600,000) (600,000)

√«¡ 1,909,956,206 285,994,954 (286,500,000) 1,909,451,160

(600,000) - 284,147,711 284,147,711 - (143,250,000) (143,250,000) 95,500,000 714,401,871 2,049,748,871

96 À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Statements of changes in shareholders’ equity Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008 (Unit: Baht) Separate financial statements

Balance as at 31 December 2007 Net income for the year Dividend paid (Note 19) Balance as at 31 December 2008 Loss from changes in value of investments in available-for-sale securities recognised in shareholdersû equity Net income for the year Dividend paid (Note 19) Balance as at 31 December 2009

Issued and paid-up Share Unrealised Retained earnings share capital premium loss Appropriated Unappropriated Total 955,000,000 285,447,000 - 95,500,000 574,009,206 1,909,956,206 - 285,994,954 285,994,954 - (286,500,000) (286,500,000) 955,000,000 285,447,000 - 95,500,000 573,504,160 1,909,451,160 (600,000) (600,000)

955,000,000 285,447,000

(600,000)

- 284,147,711 284,147,711 - (143,250,000) (143,250,000) 95,500,000 714,401,871 2,049,748,871 -

The accompanying notes are an integral part of the financial statements. This annual report is printed on Green Series paper made from 100% Eco Fiber

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π√«¡ ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551

1. ¢âÕ¡Ÿ≈∑—«Ë ‰ª ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) (ç∫√‘…—∑œé) ®—¥μ—Èß¢÷Èπ‡ªìπ∫√‘…—∑¡À“™π·≈–¡’¿Ÿ¡‘≈”‡π“„πª√–‡∑»‰∑¬ ∏ÿ√°‘®À≈—°¢Õß ∫√‘…—∑œ §◊Õ°“√º≈‘μ·≈–®”Àπà“¬æ≈—ßß“π‰øøÑ“·≈–‰ÕπÈ”‡æ◊ËÕÕÿμ “À°√√¡ ‚¥¬¡’∑’ËÕ¬Ÿàμ“¡∑’Ë®¥∑–‡∫’¬πÕ¬Ÿà∑’Ë‡≈¢∑’Ë 636 À¡Ÿà 11 ∂ππ ÿ¢“¿‘∫“≈ 8 μ”∫≈ÀπÕß¢“¡ Õ”‡¿Õ»√’√“™“ ®—ßÀ«—¥™≈∫ÿ√’

2. ‡°≥±å „π°“√®—¥∑”ß∫°“√‡ß‘π 2.1 ß∫°“√‡ß‘ππ’È®—¥∑”¢÷Èπμ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë°”Àπ¥„πæ√–√“™∫—≠≠—μ‘«‘™“™’æ∫—≠™’ æ.». 2547 ·≈–°“√· ¥ß√“¬°“√ „πß∫°“√‡ß‘π‰¥â∑”¢÷Èπ‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡¢âÕ°”Àπ¥„πª√–°“»°√¡æ—≤π“∏ÿ√°‘®°“√§â“≈ß«—π∑’Ë 30 ¡°√“§¡ 2552 ÕÕ°μ“¡ §«“¡„πæ√–√“™∫—≠≠—μ‘°“√∫—≠™’ æ.». 2543 ß∫°“√‡ß‘π©∫—∫¿“…“‰∑¬‡ªìπß∫°“√‡ß‘π©∫—∫∑’Ë∫√‘…—∑œ „™â‡ªìπ∑“ß°“√μ“¡°ÆÀ¡“¬ ß∫°“√‡ß‘π©∫—∫¿“…“Õ—ß°ƒ…·ª≈®“° ß∫°“√‡ß‘π©∫—∫¿“…“‰∑¬¥—ß°≈à“« ß∫°“√‡ß‘ππ’È ‰¥â®—¥∑”¢÷Èπ‚¥¬„™â‡°≥±å√“§“∑ÿπ‡¥‘¡‡«âπ·μà®–‰¥â‡ªî¥‡º¬‡ªìπÕ¬à“ßÕ◊Ëπ„ππ‚¬∫“¬°“√∫—≠™’ 2.2 ‡°≥±å„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡ °) ß∫°“√‡ß‘π√«¡π’È ‰¥â®—¥∑”¢÷Èπ‚¥¬√«¡ß∫°“√‡ß‘π¢Õß∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) (´÷ËßμàÕ‰ªπ’È‡√’¬°«à“ ç∫√‘…—∑œé) ·≈–∫√‘…—∑¬àÕ¬ (´÷ËßμàÕ‰ªπ’È‡√’¬°«à“ ç∫√‘…—∑¬àÕ¬é) ¥—ßμàÕ‰ªπ’È

™◊ËÕ∫√‘…—∑

∫√‘…—∑ À‚§‡®π °√’π ®”°—¥

≈—°…≥–∏ÿ√°‘®

º≈‘μ·≈–®”Àπà“¬æ≈—ßß“π ‰øøÑ“·≈–‰ÕπÈ”‡æ◊ËÕÕÿμ “À°√√¡ (¬—ß‰¡à ‰¥â‡√‘Ë¡ª√–°Õ∫°‘®°“√) ∫√‘…—∑ À°√’π øÕ‡√ ∑å ®”°—¥ º≈‘μ·≈–®”Àπà“¬æ≈—ßß“π ‰øøÑ“·≈–‰ÕπÈ”‡æ◊ËÕÕÿμ “À°√√¡ (¬—ß‰¡à ‰¥â‡√‘Ë¡ª√–°Õ∫°‘®°“√)

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Õ—μ√“√âÕ¬≈– ¢Õß°“√∂◊ÕÀÿπâ 2552 2551 √âÕ¬≈– √âÕ¬≈– 100.00 100.00

‰∑¬

75.00

√âÕ¬≈–¢Õß ‘π∑√—æ¬å √âÕ¬≈–¢Õß√“¬‰¥â ∑’√Ë «¡Õ¬Ÿà„π ∑’√Ë «¡Õ¬Ÿà„π√“¬‰¥â√«¡ ‘π∑√—æ¬å√«¡ ”À√—∫ªï π‘È ÿ¥ ≥ «—π∑’Ë 31 ∏—π«“§¡ «—π∑’Ë 31 ∏—π«“§¡ 2552 2551 2552 2551 √âÕ¬≈– √âÕ¬≈– √âÕ¬≈– √âÕ¬≈– 13.96 5.10 0.11 0.11

0.04

0.11

∫√‘…—∑œπ”ß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬¡“√«¡„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡μ—Èß·μà«—π∑’Ë ‰¥â¡“ («—π∑’Ë∫√‘…—∑œ¡’Õ”π“®„π°“√ §«∫§ÿ¡∫√‘…—∑¬àÕ¬) ®π∂÷ß«—π∑’Ë∫√‘…—∑œ ‘Èπ ÿ¥°“√§«∫§ÿ¡∫√‘…—∑¬àÕ¬π—Èπ ß∫°“√‡ß‘π¢Õß∫√‘…∑— ¬àÕ¬‰¥â®¥— ∑”¢÷πÈ ‚¥¬¡’√Õ∫√–¬–‡«≈“∫—≠™’·≈–„™âπ‚¬∫“¬°“√∫—≠™’∑ ’Ë ”§—≠‡™àπ‡¥’¬«°—π°—∫¢Õß∫√‘…∑— œ ¬Õ¥§ß§â“ß√–À«à“ß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ √“¬°“√§â“√–À«à“ß°—π∑’Ë¡’ “√– ”§—≠‰¥âμ—¥ÕÕ°®“°ß∫°“√‡ß‘π√«¡π’È·≈â« à«π¢ÕßºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬ §◊Õ ®”π«π°”‰√À√◊Õ¢“¥∑ÿπ·≈– ‘π∑√—æ¬å ∑ÿ ∏‘¢Õß∫√‘…∑— ¬àÕ¬ à«π∑’Ë‰¡à‰¥â‡ªìπ¢Õß∫√‘…∑— œ ·≈– · ¥ß‡ªìπ√“¬°“√·¬°μà“ßÀ“°„πß∫°”‰√¢“¥∑ÿπ√«¡·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ„πß∫¥ÿ≈√«¡

2.3 ∫√‘…—∑œ ‰¥â®—¥∑”ß∫°“√‡ß‘π‡©æ“–°‘®°“√‡æ◊ËÕª√–‚¬™πåμàÕ “∏“√≥– ´÷Ëß· ¥ß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬μ“¡«‘∏’√“§“∑ÿπ

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Notes to consolidated financial statements Sahacogen (Chonburi) Public Company Limited and its subsidiaries For the years ended 31 December 2009 and 2008

1. General information Sahacogen (Chonburi) Public Company Limited (çthe Companyé) is a public company incorporated and domiciled in Thailand. The Company is principally engaged in the production and distribution of electricity and steam and its registered address is No. 636 Moo 11, Sukaphiban 8 Road, Nongkarm, Sriracha, Chonburi.

2. Basis of preparation 2.1 The financial statements have been prepared in accordance with accounting standards enunciated under the Accounting Professions Act B.E. 2547 and their presentation has been made in compliance with the stipulations of the Notification of the Department of Business Development dated 30 January 2009, issued under the Accounting Act B.E. 2543. The financial statements in Thai language are the official statutory financial statements of the Company. The financial statements in English language have been translated from the Thai language financial statements. The financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. 2.2 Basis of consolidation a) The consolidated financial statements include the financial statements of Sahacogen (Chonburi) Public Company Limited (çthe Companyé) and the following subsidiary companies (çthe subsidiariesé):

Companyûs name

Nature of business

Sahacogen Green Company Limited

Production and distribution of electricity and steam (not commencing its operations) Production and distribution of electricity and steam (not commencing its operations)

Sahagreen Forest Company Limited

b) c) d) e)

Assets as a percentage to Country the consolidated of Percentage of total assets as at incorporation shareholding 31 December 2009 2008 2009 2008 PercentPercent Percent Percent Thailand 100.00 100.00 13.96 5.10

Thailand

75.00 75.00

0.04

0.11

Revenues as a percentage to the consolidated total revenues for the year ended 31 December 2009 2008 Percent Percent 0.11 0.11

Subsidiaries are fully consolidated as from the date of acquisition, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent significant accounting policies. Material balances and transactions between the Company and its subsidiaries have been eliminated from the consolidated financial statements. Minority interests represent the portion of net income or loss and net assets of the subsidiaries that are not held by the Company and are presented separately in the consolidated income statement and within equity in the consolidated balance sheet.

2.3 The separate financial statements, which present investments in subsidiaries under the cost method, have been 99 prepared solely for the benefit of the public. This annual report is printed on Green Series paper made from 100% Eco Fiber

3. °“√ª√–°“»„™â¡“μ√∞“π°“√∫—≠™’„À¡à „π‡¥◊Õπ¡‘∂ÿπ“¬π 2552 ¿“«‘™“™’æ∫—≠™’‰¥âÕÕ°ª√–°“» ¿“«‘™“™’æ∫—≠™’ ©∫—∫∑’Ë 12/2552 ‡√◊ËÕß °“√®—¥‡≈¢√–∫ÿ©∫—∫¡“μ√∞“π °“√∫—≠™’¢Õß‰∑¬„Àâμ√ßμ“¡¡“μ√∞“π°“√∫—≠™’√–À«à“ßª√–‡∑» °“√Õâ“ßÕ‘ß‡≈¢¡“μ√∞“π°“√∫—≠™’ „πß∫°“√‡ß‘ππ’È ‰¥â∂◊ÕªØ‘∫—μ‘ μ“¡ª√–°“» ¿“«‘™“™’æ∫—≠™’©∫—∫¥—ß°≈à“« ¿“«‘™“™’æ∫—≠™’‰¥âÕÕ°ª√–°“» ¿“«‘™“™’æ∫—≠™’ ©∫—∫∑’Ë 86/2551 ·≈–©∫—∫∑’Ë 16/2552 „Àâ „™â¡“μ√∞“π°“√∫—≠™’ ¡“μ√∞“π°“√ √“¬ß“π∑“ß°“√‡ß‘π ·≈–·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’„À¡à¥—ßμàÕ‰ªπ’È 3.1 ¡“μ√∞“π°“√∫—≠™’ ¡“μ√∞“π°“√√“¬ß“π∑“ß°“√‡ß‘π ·≈–·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’∑’Ë¡’º≈∫—ß§—∫„™â„πªïªí®®ÿ∫—π ·¡à∫∑°“√∫—≠™’ (ª√—∫ª√ÿß 2550) ¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 36 (ª√—∫ª√ÿß 2550) °“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ¡“μ√∞“π°“√√“¬ß“π∑“ß°“√‡ß‘π©∫—∫∑’Ë 5 (ª√—∫ª√ÿß 2550) ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π∑’∂Ë Õ◊ ‰«â‡æ◊ÕË ¢“¬·≈–°“√¥”‡π‘πß“π ∑’¬Ë °‡≈‘° ·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’ ”À√—∫°“√∫—π∑÷° ‘∑∏‘°“√‡™à“ ·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’ ”À√—∫°“√√«¡∏ÿ√°‘®¿“¬„μâ°“√§«∫§ÿ¡‡¥’¬«°—π ¡“μ√∞“π°“√∫—≠™’ ¡“μ√∞“π°“√√“¬ß“π∑“ß°“√‡ß‘π ·≈–·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’¢â“ßμâπ∂◊ÕªØ‘∫—μ‘°—∫ß∫°“√‡ß‘π ”À√—∫ √Õ∫√–¬–‡«≈“∫—≠™’∑‡’Ë √‘¡Ë „πÀ√◊ÕÀ≈—ß«—π∑’Ë 1 ¡°√“§¡ 2552 ‡ªìπμâπ‰ª ΩÉ“¬∫√‘À“√¢Õß∫√‘…∑— œ‰¥âª√–‡¡‘π·≈â«‡ÀÁπ«à“¡“μ√∞“π °“√√“¬ß“π∑“ß°“√‡ß‘π©∫—∫∑’Ë 5 (ª√—∫ª√ÿß 2550) ·π«ªØ‘∫—μ‘∑“ß°“√∫—≠™’ ”À√—∫°“√∫—π∑÷° ‘∑∏‘°“√‡™à“ ·≈–·π«ªØ‘∫—μ‘ ∑“ß°“√∫—≠™’ ”À√—∫°“√√«¡∏ÿ√°‘®¿“¬„μâ°“√§«∫§ÿ¡‡¥’¬«°—π‰¡à‡°’¬Ë «‡π◊ÕË ß°—∫∏ÿ√°‘®¢Õß∫√‘…∑— œ à«π·¡à∫∑°“√∫—≠™’ (ª√—∫ª√ÿß 2550) ·≈–¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 36 (ª√—∫ª√ÿß 2550) ‰¡à¡º’ ≈°√–∑∫Õ¬à“ß‡ªìπ “√– ”§—≠μàÕß∫°“√‡ß‘π ”À√—∫ªïª®í ®ÿ∫π— 3.2 ¡“μ√∞“π°“√∫—≠™’∑’Ë¬—ß‰¡à¡’º≈∫—ß§—∫„™â„πªïªí®®ÿ∫—π «—π∑’Ë¡’º≈∫—ß§—∫„™â ¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 20 ¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 24 (ª√—∫ª√ÿß 2550) ¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 40

°“√∫—≠™’ ”À√—∫‡ß‘πÕÿ¥Àπÿπ®“°√—∞∫“≈·≈– °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫§«“¡™à«¬‡À≈◊Õ®“°√—∞∫“≈ °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

1 ¡°√“§¡ 2555 1 ¡°√“§¡ 2554

Õ —ßÀ“√‘¡∑√—æ¬å‡æ◊ËÕ°“√≈ß∑ÿπ

1 ¡°√“§¡ 2554

Õ¬à“ß‰√°Áμ“¡ °‘®°“√ “¡“√∂π”¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 24 (ª√—∫ª√ÿß 2550) ·≈–¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 40 ¡“∂◊Õ ªØ‘∫—μ‘°àÕπ°”Àπ¥‰¥â ΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑œ‰¥âª√–‡¡‘π·≈â«‡ÀÁπ«à“¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 20 ·≈–¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 40 ‰¡à‡°’Ë¬«‡π◊ËÕß °—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ à«π¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 24 (ª√—∫ª√ÿß 2550) ®–‰¡à¡’º≈°√–∑∫Õ¬à“ß‡ªìπ “√– ”§—≠μàÕ ß∫°“√‡ß‘π ”À√—∫ªï∑’Ë‡√‘Ë¡„™â¡“μ√∞“π°“√∫—≠™’¥—ß°≈à“«

4. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠

100

4.1 °“√√—∫√Ÿ√â “¬‰¥â ¢“¬ ‘π§â“ √“¬‰¥â®“°°“√¢“¬ ‘π§â“√—∫√Ÿâ‡¡◊ËÕ∫√‘…—∑œ‰¥â ‚Õπ§«“¡‡ ’Ë¬ß·≈–º≈μÕ∫·∑π∑’Ë‡ªìπ “√– ”§—≠¢Õß§«“¡‡ªìπ‡®â“¢Õß ‘π§â“ „Àâ°—∫ºŸâ´◊ÈÕ·≈â« √“¬‰¥â®“°°“√¢“¬· ¥ß¡Ÿ≈§à“μ“¡√“§“„π„∫°”°—∫ ‘π§â“‚¥¬‰¡à√«¡¿“…’¡Ÿ≈§à“‡æ‘Ë¡ ”À√—∫ ‘π§â“∑’Ë ‰¥â àß ¡Õ∫À≈—ß®“°À—° à«π≈¥·≈â«

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

3. Adoption of new accounting standards In June 2009, the Federation of Accounting Professions issued Notification No. 12/2552, assigning new numbers to Thai Accounting Standards that match the corresponding International Accounting Standards. The numbers of Thai Accounting Standards as referred to in these financial statements reflect such change. The Federation of Accounting Professions has issued Notification No. 86/2551 and 16/2552, mandating the use of new accounting standards, financial reporting standard and accounting treatment guidance as follows. 3.1 Accounting standards, financial reporting standard and accounting treatment guidance which are effective for the current year Framework for the Preparation and Presentation of Financial Statements (revised 2007) TAS 36 (revised 2007) Impairment of Assets TFRS 5 (revised 2007) Non-current Assets Held for Sale and Discontinued Operations Accounting Treatment Guidance for Leasehold Right Accounting Treatment Guidance for Business Combination under Common Control These accounting standards, financial reporting standard and accounting treatment guidance became effective for the financial statements for fiscal years beginning on or after 1 January 2009. The management has assessed the effect of these standards and believes that TFRS 5 (revised 2007), Accounting Treatment Guidance for Leasehold Right and Accounting Treatment Guidance for Business Combination under Common Control are not relevant to the business of the Company, while Framework for Preparation and Presentation of Financial Statements (revised 2007) and TAS 36 (revised 2007) do not have any significant impact on the financial statements for the current year. 3.2 Accounting standards which are not effective for the current year TAS 20

Accounting for Government Grants and Disclosure of Government Assistance Related Party Disclosures Investment Property

TAS 24 (revised 2007) TAS 40

Effective date 1 January 2012 1 January 2011 1 January 2011

However, TAS 24 (revised 2007) and TAS 40 allow early adoption by the entity before the effective date. The management of the Company has assessed the effect of these standards and believes that TAS 20 and TAS 40 are not relevant to the business of the Company, while TAS 24 (revised 2007) will not have any significant impact on the financial statements for the year in which it is initially applied.

4. Significant accounting policies 4.1 Revenue recognition Sales of goods Sales of goods are recognized when the significant risks and rewards of ownership of the goods have passed to the buyer. Sales are the invoiced value, excluding value added tax, of goods supplied after deducting discounts and allowances.

101 This annual report is printed on Green Series paper made from 100% Eco Fiber

¥Õ°‡∫’È¬√—∫ ¥Õ°‡∫’È¬∂◊Õ‡ªìπ√“¬‰¥âμ“¡‡°≥±å§ß§â“ß‚¥¬§”π÷ß∂÷ßÕ—μ√“º≈μÕ∫·∑π∑’Ë·∑â®√‘ß 4.2 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ À¡“¬∂÷ß ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ·≈–‡ß‘π≈ß∑ÿπ√–¬– —πÈ ∑’¡Ë ’ ¿“æ§≈àÕß Ÿß ´÷ßË ∂÷ß°”Àπ¥ ®à“¬§◊π¿“¬„π√–¬–‡«≈“‰¡à‡°‘π 3 ‡¥◊Õππ—∫®“°«—π∑’Ë ‰¥â¡“·≈–‰¡à¡’¢âÕ®”°—¥„π°“√‡∫‘°„™â 4.3 Õ–‰À≈à·≈–«— ¥ÿ§ß‡À≈◊Õ Õ–‰À≈à·≈–«— ¥ÿ§ß‡À≈◊Õ· ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπ∂—«‡©≈’Ë¬À√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë§“¥«à“®–‰¥â√—∫·≈â«·μà√“§“„¥®–μË”°«à“ ·≈–®–∂◊Õ ‡ªìπ à«πÀπ÷Ëß¢Õßμâπ∑ÿπ°“√º≈‘μ‡¡◊ËÕ¡’°“√‡∫‘°„™â 4.4 ‡ß‘π≈ß∑ÿπ °) ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡æ◊ÕË §â“· ¥ßμ“¡¡Ÿ≈§à“¬ÿμ∏‘ √√¡ ∫√‘…∑— œ∫—π∑÷°°“√‡ª≈’¬Ë π·ª≈ß¡Ÿ≈§à“¢ÕßÀ≈—°∑√—æ¬å‡ªìπ√“¬°“√ °”‰√À√◊Õ¢“¥∑ÿπ„πß∫°”‰√¢“¥∑ÿπ ¢)

‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬· ¥ßμ“¡¡Ÿ≈§à“¬ÿμ‘∏√√¡ ∫√‘…—∑œ ∫—π∑÷°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“À≈—°∑√—æ¬å¥—ß°≈à“«‡ªìπ √“¬°“√·¬°μà“ßÀ“°„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ®π°√–∑—Ëß®”Àπà“¬À≈—°∑√—æ¬å¥—ß°≈à“«ÕÕ°‰ª ®÷ß∫—π∑÷°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“ π—Èπ„πß∫°”‰√¢“¥∑ÿπ

§)

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬∑’Ë· ¥ßÕ¬Ÿà„πß∫°“√‡ß‘π‡©æ“–°‘®°“√· ¥ß¡Ÿ≈§à“μ“¡«‘∏’√“§“∑ÿπ

¡Ÿ≈§à“¬ÿμ‘∏√√¡¢ÕßÀ≈—°∑√—æ¬å„π§«“¡μâÕß°“√¢Õßμ≈“¥§”π«≥®“°√“§“‡ πÕ´◊ÈÕÀ≈—ß ÿ¥ ≥ ‘Èπ«—π∑”°“√ ÿ¥∑â“¬¢Õßªï¢Õß μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ¡Ÿ≈§à“¬ÿμ‘∏√√¡¢ÕßÀπà«¬≈ß∑ÿπ§”π«≥®“°¡Ÿ≈§à“ ‘π∑√—æ¬å ∑ÿ ∏‘ ∫√‘…—∑œ „™â«‘∏’∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°„π°“√§”π«≥μâπ∑ÿπ¢Õß‡ß‘π≈ß∑ÿπ „π°√≥’∑¡’Ë °’ “√‚Õπ‡ª≈’¬Ë πª√–‡¿∑‡ß‘π≈ß∑ÿπ ∫√‘…∑— œ®–ª√—∫‡ª≈’¬Ë π√“§“¢Õß‡ß‘π≈ß∑ÿπ„À¡à ‚¥¬„™â¡≈Ÿ §à“¬ÿμ∏‘ √√¡ ≥ «—π∑’Ë ‚Õπ ‡ª≈’¬Ë πª√–‡¿∑‡ß‘π≈ß∑ÿπ º≈·μ°μà“ß√–À«à“ß√“§“μ“¡∫—≠™’·≈–¡Ÿ≈§à“¬ÿμ∏‘ √√¡ ≥ «—π∑’Ë ‚Õπ‰¥â∫π— ∑÷°‡ªìπ√“¬°“√°”‰√ (¢“¥∑ÿπ) „πß∫°”‰√¢“¥∑ÿπÀ√◊Õ· ¥ß‡ªìπ à«π‡°‘π (μË”°«à“) ∑ÿπ®“°°“√‡ª≈’¬Ë π·ª≈ß¡Ÿ≈§à“„π à«π¢ÕßºŸ∂â Õ◊ Àÿπâ ·≈â«·μàª√–‡¿∑¢Õß‡ß‘π ≈ß∑ÿπ∑’Ë¡’°“√‚Õπ‡ª≈’Ë¬π 4.5 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å·≈–§à“‡ ◊ËÕ¡√“§“ ∑’Ë¥‘π· ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπ Õ“§“√·≈–Õÿª°√≥å· ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡ §à“‡ ◊ËÕ¡√“§“¢Õß‚√ß‰øøÑ“ Õ“§“√·≈–Õÿª°√≥å§”π«≥®“°√“§“∑ÿπ¢Õß ‘π∑√—æ¬å‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ°“√„™âß“π ‚¥¬ª√–¡“≥¥—ßμàÕ‰ªπ’È: ‚√ß‰øøÑ“ 30 ªï à«πª√—∫ª√ÿß‚√ß‰øøÑ“ 3 - 6 ªï Õ“§“√ 20 - 25 ªï ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 5 - 10 ªï ‡§√◊ËÕßμ°·μàß·≈–‡§√◊ËÕß„™â ”π—°ß“π 3 - 5 ªï ¬“πæ“Àπ– 5 ªï ‰¡à¡’°“√§‘¥§à“‡ ◊ËÕ¡√“§“ ”À√—∫∑’Ë¥‘π·≈–ß“π√–À«à“ß°àÕ √â“ß

102

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Interest income Interest income is recognized on an accrual basis based on the effective rate. 4.2 Cash and cash equivalents Cash and cash equivalents consist of cash in hand and at banks, and all highly liquid investments with an original maturity of three months or less and not subject to withdrawal restrictions. 4.3 Spare parts and supplies Spare parts and supplies are valued at the lower of average cost and net realisable value and constitute part of production costs whenever consumed. 4.4 Investments a) Investments in securities held for trading are presented at fair value. Gains or losses arising from change in the carrying amounts of securities are included in determining income. b)

Investments in available-for-sale securities are stated at fair value. Changes in the carrying amounts of securities are recorded as separate items in shareholdersû equity until the securities are sold, when the changes are then included in determining income.

Investments in subsidiaries are accounted for in the separate financial statements using the cost method.

The fair value of marketable securities is based on the latest bid price of the last working day of the year as quoted on the Stock Exchange of Thailand. The fair value of unit trusts is determined from their net asset value. The weighted average method is used for computation of the cost of investments. In the event the Company reclassifies investments in securities, such investments are adjusted to their fair value as at the reclassification date. Differences between the carrying amount of the investments and their fair value on that date are included in determining income or recorded as surplus (deficit) from changes in the value of investments in shareholdersû equity, depending on the type of investment which is reclassified. 4.5 Property, plant and equipment/Depreciation Land is stated at cost. Plant and equipment are stated at cost less accumulated depreciation. Depreciation of power plant, buildings and equipment is calculated by reference to their costs on the straightline method over the following estimated useful lives: Power plant 30 years Power plant improvement 3 - 6 years Buildings 20 - 25 years Tools and equipment 5 - 10 years Furniture, fixtures and office equipment 3 - 5 years Vehicles 5 years No depreciation is provided for land and construction in progress.

103 This annual report is printed on Green Series paper made from 100% Eco Fiber

§à“‡ ◊ËÕ¡√“§“√«¡Õ¬Ÿà „π°“√§”π«≥º≈°“√¥”‡π‘πß“π 4.6 √“¬°“√∏ÿ√°‘®°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π°—∫∫√‘…—∑œ À¡“¬∂÷ß ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë¡’Õ”π“®§«∫§ÿ¡∫√‘…—∑œ À√◊Õ∂Ÿ°§«∫§ÿ¡‚¥¬∫√‘…—∑œ ‰¡à«à“®–‡ªìπ‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ À√◊ÕÕ¬Ÿà¿“¬„μâ°“√§«∫§ÿ¡‡¥’¬«°—π°—∫∫√‘…—∑œ πÕ°®“°π’È ∫ÿ§§≈À√◊Õ°‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π¬—ßÀ¡“¬√«¡∂÷ß∫ÿ§§≈´÷ßË ¡’Õ∑‘ ∏‘æ≈Õ¬à“ß‡ªìπ “√– ”§—≠°—∫∫√‘…∑— œ ºŸ∫â √‘À“√ ”§—≠ °√√¡°“√À√◊Õæπ—°ß“π¢Õß∫√‘…—∑œ ∑’Ë¡’Õ”π“®„π°“√«“ß·ºπ·≈–§«∫§ÿ¡°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ 4.7 ‡ß‘πμ√“μà“ßª√–‡∑» √“¬°“√∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑»·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë∑’Ë‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π ∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑»§ß‡À≈◊ÕÕ¬Ÿà ≥ «—π∑’Ë„πß∫¥ÿ≈·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë„πß∫¥ÿ≈ °”‰√·≈–¢“¥∑ÿπ∑’Ë‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß„πÕ—μ√“·≈°‡ª≈’Ë¬π√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π 4.8 °“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ∑ÿ°«—π∑’Ë „πß∫¥ÿ≈ ∫√‘…—∑œ ®–∑”°“√ª√–‡¡‘π«à“¡’¢âÕ∫àß™’È´÷Ëß· ¥ß«à“ ‘π∑√—æ¬å¢Õß∫√‘…—∑œ ¥âÕ¬§à“≈ßÀ√◊Õ‰¡à À“°¡’¢âÕ∫àß™’È ¢Õß°“√¥âÕ¬§à“ ∫√‘…∑— œ ®–∑”°“√ª√–¡“≥¡Ÿ≈§à“∑’§Ë “¥«à“®–‰¥â√∫— §◊π¢Õß ‘π∑√—æ¬å·≈–À“°æ∫«à“√“§“μ“¡∫—≠™’¢Õß ‘π∑√—æ¬å π—Èπ¡’¡Ÿ≈§à“ Ÿß°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ∫√‘…—∑œ ®–≈¥¡Ÿ≈§à“¢Õß ‘π∑√—æ¬å≈ß„Àâ‡∑à“°—∫¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ·≈– √—∫√Ÿâº≈¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å„πß∫°”‰√¢“¥∑ÿπ (¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π¢Õß ‘π∑√—æ¬åÀ¡“¬∂÷ß√“§“¢“¬ ÿ∑∏‘À√◊Õ¡Ÿ≈§à“®“°°“√„™â¢Õß ‘π∑√—æ¬åπ—Èπ·≈â«·μà®”π«π„¥®– Ÿß°«à“) 4.9 º≈ª√–‚¬™πåæπ—°ß“π ∫√‘…—∑œ √—∫√Ÿâ ‡ß‘π‡¥◊Õπ §à“®â“ß ‚∫π— ·≈–‡ß‘π ¡∑∫°Õß∑ÿπª√–°—π —ß§¡·≈–°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ‡ªìπ§à“„™â®à“¬‡¡◊ËÕ‡°‘¥ √“¬°“√ 4.10 ¿“…’‡ß‘π‰¥â ∫√‘…—∑œ ∫—π∑÷°¿“…’‡ß‘π‰¥â ‚¥¬§”π«≥®“°°”‰√ ÿ∑∏‘∑“ß¿“…’μ“¡°ÆÀ¡“¬¿“…’Õ“°√ 4.11 μâπ∑ÿπ°“√°Ÿâ¬◊¡ ¥Õ°‡∫’È¬®à“¬·≈–§à“∏√√¡‡π’¬¡ºŸ°æ—π‡ß‘π°Ÿâ∑’Ë‡°‘¥®“°°“√°Ÿâ¬◊¡‡æ◊ËÕ„™â „π√–À«à“ß°“√°àÕ √â“ß‚√ß‰øøÑ“ ·≈–μ‘¥μ—Èß‡§√◊ËÕß®—°√ ∂◊Õ‡ªìπ à«πÀπ÷Ëß¢Õßμâπ∑ÿπ¢Õß ‘π∑√—æ¬å·≈–®–À¬ÿ¥∫—π∑÷°‡¡◊ËÕ ‘π∑√—æ¬åπ—ÈπÕ¬Ÿà„π ¿“ææ√âÕ¡„™âß“π‰¥â μâπ∑ÿπ°“√°Ÿâ¬◊¡Õ◊ËπÊ ∂◊Õ‡ªìπ§à“„™â®à“¬„πß«¥∑’Ë‡°‘¥√“¬°“√ μâπ∑ÿπ°“√°Ÿâ¬◊¡ª√–°Õ∫¥â«¬¥Õ°‡∫’È¬·≈–μâπ∑ÿπÕ◊Ëπ∑’Ë‡°‘¥¢÷Èπ®“°°“√°Ÿâ¬◊¡¢Õß°‘®°“√ 4.12 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘πμ“¡¡“μ√∞“π°“√∫—≠™’∑√’Ë ∫— √Õß∑—«Ë ‰ª „π∫“ß ∂“π°“√≥åΩ“É ¬∫√‘À“√Õ“®μâÕß„™â°“√ª√–¡“≥·≈–°“√ μ—ßÈ ¡¡μ‘∞“π ´÷ßË ¡’º≈°√–∑∫μàÕ®”π«π‡ß‘π∑’·Ë ¥ß„πß∫°“√‡ß‘π·≈–À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ¥â«¬‡Àμÿπº’È ≈∑’‡Ë °‘¥¢÷πÈ ®√‘ß ®÷ßÕ“®·μ°μà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â

5. ≈Ÿ°Àπ’È°“√§â“ ¬Õ¥§ß‡À≈◊Õ≈Ÿ°Àπ’È°“√§â“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 ‡ªìπÀπ’È∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√–

104

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Depreciation is included in determining income. 4.6 Related party transactions Related parties comprise enterprises and individuals that control or are controlled by the Company, whether directly or indirectly, or which are under common control with the Company. They also include individuals which directly or indirectly own a voting interest in the Company that gives them significant influence over the Company, key management personnel, directors and officers with authority in the planning and direction of the Companyûs operations. 4.7 Foreign currencies Foreign currency transactions are translated into Baht at the exchange rates ruling on the transaction dates. Assets and liabilities denominated in foreign currencies outstanding at the balance sheet date are translated into Baht at the exchange rates ruling on the balance sheet date. Gains and losses on exchange are included in determining income. 4.8 Impairment of assets The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, the Company makes an estimate of the assetûs recoverable amount. Where the carrying amount of the asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Impairment losses are recognised in the income statement. An assetûs recoverable amount is the higher of fair value less costs to sell and value in use. 4.9 Employee benefits Salaries, wages, bonuses and contributions to the social security fund and provident fund are recognised as expenses when incurred. 4.10 Income tax Income tax is provided for in the accounts based on the taxable profits determined in accordance with tax legislation. 4.11 Borrowing cost The interest cost of borrowings for the construction of the power plant and installation of machinery, and related commitment fees, are capitalized as part of the cost of the assets. Capitalisation ceases when the assets are ready for their intended use. All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. 4.12 Use of accounting estimates Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions in certain circumstances, affecting amounts reported in these financial statements and related notes. Actual results could differ from these estimates.

5. Trade accounts receivable As at 31 December 2009 and 2008, the outstanding balances of trade accounts receivable are not yet due.

105 This annual report is printed on Green Series paper made from 100% Eco Fiber

6. √“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π „π√–À«à“ßªï ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’√“¬°“√∏ÿ√°‘®∑’Ë ”§—≠°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π √“¬°“√∏ÿ√°‘®¥—ß°≈à“«‡ªìπ‰ªμ“¡ ‡ß◊ËÕπ‰¢∑“ß°“√§â“·≈–‡°≥±åμ“¡∑’Ëμ°≈ß°—π√–À«à“ß∫√‘…—∑œ·≈–∫√‘…—∑‡À≈à“π—Èπ ´÷Ëß‡ªìπ‰ªμ“¡ª°μ‘∏ÿ√°‘®‚¥¬ “¡“√∂ √ÿª‰¥â¥—ßπ’È (Àπà«¬: ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ 2552 2551

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

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0.1

√“¬°“√∏ÿ√°‘®°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ¢“¬æ≈—ßß“π‰øøÑ“

957.0

921.2

957.0

921.2

¢“¬æ≈—ßß“π‰ÕπÈ” §à“∏√√¡‡π’¬¡®à“¬ ”À√—∫°“√§È”ª√–°—π §«“¡μâÕß°“√‰øøÑ“¢—ÈπμË”

270.9 5.5

331.5 5.5

270.9 5.5

331.5 5.5

π‚¬∫“¬°“√°”Àπ¥√“§“

√“§“∑ÿπ √“§“∑ÿπ Õ—μ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ¬◊¡¢—ÈπμË” (MLR) Õ—μ√“¥Õ°‡∫’È¬‡ß‘πΩ“°ª√–®” ¢Õß∏π“§“√æ“≥‘™¬å „πª√–‡∑»

Õ—μ√“§à“‰øøÑ“¢Õß°“√‰øøÑ“ à«π¿Ÿ¡‘¿“§À—°¥â«¬ Õ—μ√“ à«π≈¥ √“§“μ“¡ —≠≠“ √“§“μ“¡ —≠≠“

(Àπà«¬: ≈â“π∫“∑)

§à“πÈ”¥‘∫·≈–§à“∫”∫—¥πÈ”‡ ’¬®à“¬

ß∫°“√‡ß‘π√«¡ 2552 2551 2.5 2.5

´◊ÕÈ ∑’¥Ë π‘

65.4

73.4 75.3

70.3 75.2

73.4 75.3

70.3 75.2

√“§“μ“¡ —≠≠“ √“§“μ“¡ —≠≠“

1.7

√“§“μ“¡ —≠≠“

7.1

√“§“μ“¡ —≠≠“

7.3

√“§“μ“¡ —≠≠“

∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ §à“∫√‘°“√¥â“π°“√®—¥°“√®à“¬ §à“‡™à“‡§√◊ËÕß®—°√ ∫√‘…—∑ ‘π¿√“¥√ ®”°—¥ §à“‡™à“∑’Ë¥‘π ∫√‘…—∑ æ‘∑—°…å°‘® ®”°—¥ §à“∫√‘°“√°àÕ √â“ß ∫√‘…—∑ æ’ ∑’ ‡§ ¡—≈μ‘‡´Õ√å«‘ ®”°—¥ §à“∫√‘°“√°àÕ √â“ß

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ π‚¬∫“¬°“√°”Àπ¥√“§“ 2552 2551 2.5 2.5 √“§“‡ªìπ‰ªμ“¡ª°μ‘‡™àπ ‡¥’¬«°—∫ ≈Ÿ°§â“∑—Ë«‰ª - √“§“‡ªìπ‰ªμ“¡ª°μ‘‡™àπ ‡¥’¬«°—∫ ≈Ÿ°§â“∑—Ë«‰ª

¬Õ¥§ß§â“ß√–À«à“ß∫√‘…—∑œ·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ·≈– 2551 ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È

106

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

6. Related party transactions During the years, the Company and its subsidiaries had significant business transactions with related parties, which have been concluded on commercial terms and bases agreed upon in the ordinary course of business between the Company and those companies. Below is a summary of those transactions. (Unit: Million Baht) Consolidated Separate financial statements financial statements 2009 2008 2009 2008 Transactions with subsidiary (eliminated from the consolidated financial statements) Sahacogen Green Company Limited Service charges Service revenue Interest income Interest expenses

3.5 4.2 0.9 0.1

4.5 0.4 -

Transactions with related companies Saha Pathana Inter-Holding Public Company Limited Sales of electricity

957.0

921.2

957.0

921.2

Sales of steam Fee paid for guarantee for minimum electricity demand

270.9 5.5

331.5 5.5

270.9 5.5

331.5 5.5

Pricing policy

At cost At cost Minimum loan rate (MLR) Interest rate of fixed deposit with local commercial bank

Electricity rate charged by the Provincial Electricity Authority, deducted by certain discount Contract price Contract price

(Unit: Million Baht)

Raw water and waste water treatment costs

Purchase of land

Operational Energy Group Limited Operation and service management fees Machinery lease fees Sinparadorn Company Limited Land rental expense Pitakkij Company Limited Construction services PTK Multi Services Company Limited Construction services

Consolidated Separate financial statements financial statements Pricing policy 2009 2008 2009 2008 2.5 2.5 2.5 2.5 Price charged to other customers in the normal course of business 65.4 - Price charged to other customers in the normal course of business 73.4 75.3

70.3 75.2

73.4 75.3

70.3 75.2

Contract price Contract price

1.7

Contract price

7.1

Contract price

7.3

Contract price

The balances of the accounts as at 31 December 2009 and 2008 between the Company and those related companies 107 are as follows: This annual report is printed on Green Series paper made from 100% Eco Fiber

(Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡ 2552 2551 ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) √«¡≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551

108,529,333 108,529,333

87,462,357 87,462,357

108,529,333 108,529,333

87,462,357 87,462,357

≈Ÿ°Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ √«¡≈Ÿ°Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬

635,959 635,959

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫®“°∫√‘…—∑¬àÕ¬ ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫®“°∫√‘…—∑¬àÕ¬

23,923,428 23,923,428

388,415

5,021,130

52,158,574 249,228 38,656 159,957 52,606,415

33,565,114 281,811 497,556 610,427 34,954,908

52,158,574 239,865 52,786,854

33,565,114 242,840 38,829,084

‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ∫√‘…—∑ æ‘∑—°…å°‘® ®”°—¥ ∫√‘…—∑ æ’ ∑’ ‡§ ¡—≈μ‘‡´Õ√å«‘ ®”°—¥ √«¡‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

7. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ (Àπà«¬: ∫“∑) ™◊ËÕ∫√‘…—∑

∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ∫√‘…—∑ À°√’π øÕ‡√ ∑å ®”°—¥ √«¡

∑ÿπ‡√’¬°™”√–·≈â« 2552 2551 ≈â“π∫“∑ ≈â“π∫“∑ 688.7 250.0 5.0 5.0

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ —¥ à«π‡ß‘π≈ß∑ÿπ 2552 2551 √âÕ¬≈– √âÕ¬≈– 100 100 75 75

√“§“∑ÿπ 2552

2551

688,749,930 3,749,970 692,499,900

249,999,930 3,749,970 253,749,900

„π‡¥◊Õπ¡‘∂ÿπ“¬π 2552 ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ‰¥â‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡ 250 ≈â“π∫“∑ (Àÿâπ “¡—≠ 25 ≈â“πÀÿâπ ¡Ÿ≈§à“ Àÿâπ≈– 10 ∫“∑) ‡ªìπ 900 ≈â“π∫“∑ (Àÿâπ “¡—≠ 90 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑) ∫√‘…—∑œ‰¥â™”√–§à“Àÿâπ à«π∑’Ë‡æ‘Ë¡∑ÿπ®”π«π 65 ≈â“πÀÿâπ„πÕ—μ√“√âÕ¬≈– 67.5 ¢Õß√“§“μ“¡¡Ÿ≈§à“∑’Ëμ√“‰«â√«¡‡ªìπ®”π«π‡ß‘π 438.75 ≈â“π∫“∑

8. ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ - À≈—°∑√—æ¬å‡º◊ËÕ¢“¬ ‡¡◊ËÕ«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2552 ∫√‘…—∑œ ‰¥â¡’°“√‚Õπ‡ª≈’Ë¬πª√–‡¿∑‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å„π§«“¡μâÕß°“√¢Õßμ≈“¥®“°À≈—° ∑√—æ¬å‡æ◊ËÕ§â“‰ª‡ªìπÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ ‚¥¬¡’¡Ÿ≈§à“¬ÿμ‘∏√√¡·≈–¡Ÿ≈§à“μ“¡∫—≠™’ ≥ «—π‚Õπ‡ªìπ®”π«π‡ß‘π 8.6 ≈â“π∫“∑

108

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

(Unit: Baht) Separate financial statements 2009 2008

Consolidated financial statements 2009 2008 Trade accounts receivable - related company Saha Pathana Inter-Holding Public Company Limited Total trade accounts receivable - related company Other receivable - subsidiary Sahacogen Green Company Limited Total other receivable - subsidiary Short-term loans to and interest receivable from subsidiary Sahacogen Green Company Limited Total short-term loans to and interest receivable from subsidiary Amount due to related parties Subsidiary Sahacogen Green Company Limited Related companies Operational Energy Group Limited Saha Pathana Inter-Holding Public Company Limited Pitakkij Company Limited PTK Multi Services Company Limited Total amount due to related parties

108,529,333 108,529,333

87,462,357 87,462,357

108,529,333 108,529,333

87,462,357 87,462,357

635,959 635,959

23,923,428 23,923,428

388,415

5,021,130

52,158,574 249,228

33,565,114 281,811

52,158,574 239,865

33,565,114 242,840

38,656 159,957 52,606,415

497,556 610,427 34,954,908

52,786,854

38,829,084

7. Investments in subsidiaries (Unit: Baht) Companyûs name

Sahacogen Green Company Limited Sahagreen Forest Company Limited Total

Separate financial statements Paid-up capital Shareholding percentage Cost 2009 2008 2009 2008 2009 2008 Million Baht Million Baht % % 688.7 250.0 100 100 688,749,930 249,999,930 5.0 5.0 75 75 3,749,970 3,749,970 692,499,900 253,749,900

In June 2009, Sahacogen Green Company Limited increased its registered share capital from Baht 250 million (25 million ordinary shares of Baht 10 each) to Baht 900 million (90 million ordinary shares of Baht 10 each). The Company has paid up 67.5 percent of the par value of the additional 65 million shares, totaling Baht 438.75 million.

8. Other long-term investments - available-for-sale securities On 30 June 2009, the Company transferred investments in marketable securities held for trading to available-for-sale securities. At the transfer date, both the fair value and the book value of the investments amounted to Baht 8.6 million.

109 This annual report is printed on Green Series paper made from 100% Eco Fiber

≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑œ ¡’¬Õ¥§ß‡À≈◊Õ¢ÕßÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬¥—ßπ’È (Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡/ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 8,600,000 8,000,000 600,000

√“§“μ“¡∫—≠™’ ¡Ÿ≈§à“¬ÿμ‘∏√√¡ à«πμË”°«à“∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ

9. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å (Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡

∑’Ë¥‘π √“§“∑ÿπ 31 ∏—π«“§¡ 2551 ´◊ÈÕ‡æ‘Ë¡ ‚Õπ‡¢â“ (ÕÕ°) ®”Àπà“¬ 31 ∏—π«“§¡ 2552 §à“‡ ◊ËÕ¡√“§“ – ¡ 31 ∏—π«“§¡ 2551 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï §à“‡ ◊ËÕ¡√“§“-®”Àπà“¬ 31 ∏—π«“§¡ 2552 ¡Ÿ≈§à“ ÿ∑∏‘μ“¡∫—≠™’ 31 ∏—π«“§¡ 2551 31 ∏—π«“§¡ 2552

‚√ß‰øøÑ“

à«πª√—∫ª√ÿß ‚√ß‰øøÑ“

Õ“§“√

104,871,396 4,636,951,987 327,691,365 67,472,728 97,783,522 13,595,288 1,278,050 202,654,918 4,651,825,325 327,691,365 67,472,728

‡§√◊ËÕßμ°·μàß ‡§√◊ÕË ß¡◊Õ ·≈–‡§√◊ÕË ß„™â ß“π√–À«à“ß ·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– °àÕ √â“ß 65,436,125 61,045,623 2,206,751 4,262,037 5,100 55,400 (226,457) 67,647,976 65,136,603

21,636,635 805,079 22,441,714

1,186,635,835 164,894,094 8,758,317 156,316,615 81,465,441 2,855,169 1,342,952,450 246,359,535 11,613,486

34,534,051 32,794,392 8,106,407 11,527,409 (213,924) 42,640,458 44,107,877

8,228,017 3,076,413 11,304,430

104,871,396 3,450,316,152 162,797,271 58,714,411 202,654,918 3,308,872,875 81,331,830 55,859,242

30,902,074 28,251,231 25,007,518 21,028,726

13,408,618 158,731,538 4,007,992,691 11,137,284 457,368,650 4,163,261,043

158,731,538 5,443,837,397 299,975,662 418,628,339 (1,338,550) (226,457) 457,368,650 5,862,239,279 -

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï 2551 (®”π«π 233 ≈â“π∫“∑ √«¡Õ¬Ÿà„πμâπ∑ÿπ°“√º≈‘μ à«π∑’Ë‡À≈◊Õ√«¡Õ¬Ÿà „π§à“„™â®à“¬„π°“√∫√‘À“√) 251,602,096 2552 (®”π«π 243 ≈â“π∫“∑ √«¡Õ¬Ÿà„πμâπ∑ÿπ°“√º≈‘μ à«π∑’Ë‡À≈◊Õ√«¡Õ¬Ÿà „π§à“„™â®à“¬„π°“√∫√‘À“√) 263,347,454

110

√«¡

1,435,844,706 263,347,454 (213,924) 1,698,978,236

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

As at 31 December 2009, the Company has outstanding available-for-sales securities as below. (Unit: Baht) Consolidated/ separate financial statements 8,600,000 8,000,000 600,000

Book value Fair value Revaluation deficit on changes in value of investments

9. Property, plant and equipment (Unit: Baht)

Land Cost 31 December 2008 104,871,396 Acquisition 97,783,522 Transfer in (out) Disposals 31 December 2009 202,654,918 Accumulated depreciation 31 December 2008 Depreciation for the year Depreciation on disposals 31 December 2009 Net book value 31 December 2008 104,871,396 31 December 2009 202,654,918

Consolidated financial statements Furniture, fixtures Power Power plant Tools and and office plant improvement Buildings equipment equipment

Motor Construction vehicles in progress

Total

4,636,951,987 327,691,365 67,472,728 13,595,288 1,278,050 4,651,825,325 327,691,365 67,472,728

65,436,125 61,045,623 2,206,751 4,262,037 5,100 55,400 (226,457) 67,647,976 65,136,603

21,636,635 805,079 22,441,714

1,186,635,835 164,894,094 156,316,615 81,465,441

34,534,051 32,794,392 8,106,407 11,527,409

8,228,017 3,076,413

1,435,844,706 263,347,454

(213,924)

1,698,978,236

8,758,317 2,855,169 -

(213,924)

158,731,538 5,443,837,397 299,975,662 418,628,339 (1,338,550) (226,457) 457,368,650 5,862,239,279

1,342,952,450 246,359,535 11,613,486

42,640,458 44,107,877

11,304,430

3,450,316,152 162,797,271 58,714,411 3,308,872,875 81,331,830 55,859,242

30,902,074 28,251,231 25,007,518 21,028,726

13,408,618 158,731,538 4,007,992,691 11,137,284 457,368,650 4,163,261,043

Depreciation for the year 2008 (Baht 233 million included in manufacturing cost, and the balance in administrative expenses) 2009 (Baht 243 million included in manufacturing cost, and the balance in administrative expenses)

251,602,096 263,347,454

111 This annual report is printed on Green Series paper made from 100% Eco Fiber

(Àπà«¬: ∫“∑) ß∫°“√‡ß‘π√«¡

‚√ß‰øøÑ“

à«πª√—∫ª√ÿß ‚√ß‰øøÑ“

Õ“§“√

104,871,396 4,636,951,987 327,691,365 52,098,708 13,595,288 1,278,050 104,871,396 4,651,825,325 327,691,365 52,098,708

‡§√◊ËÕßμ°·μàß ‡§√◊ÕË ß¡◊Õ ·≈–‡§√◊ÕË ß„™â ß“π√–À«à“ß ·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– °àÕ √â“ß 45,166,542 56,390,385 1,061,276 3,047,002 (226,457) 46,227,818 59,210,930

17,080,522 721,584 17,802,106

1,186,635,835 164,894,094 8,062,552 156,316,615 81,465,441 2,086,468 1,342,952,450 246,359,535 10,149,020

31,405,693 31,605,514 4,751,192 10,278,140 (213,924) 36,156,885 41,669,730

7,101,101 2,159,671 9,260,772

104,871,396 3,450,316,152 162,797,271 44,036,156 104,871,396 3,308,872,875 81,331,830 41,949,688

13,760,849 24,784,871 10,070,933 17,541,200

9,979,421 8,541,334

√«¡

1,278,051 5,241,528,956 7,363,673 25,788,823 (1,278,050) (226,457) 7,363,674 5,267,091,322 -

1,429,704,789 257,057,527 (213,924) 1,686,548,392

1,278,051 3,811,824,167 7,363,674 3,580,542,930

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï 2551 (®”π«π 233 ≈â“π∫“∑ √«¡Õ¬Ÿà„πμâπ∑ÿπ°“√º≈‘μ à«π∑’Ë‡À≈◊Õ√«¡Õ¬Ÿà „π§à“„™â®à“¬„π°“√∫√‘À“√) 246,912,067 2552 (®”π«π 243 ≈â“π∫“∑ √«¡Õ¬Ÿà„πμâπ∑ÿπ°“√º≈‘μ à«π∑’Ë‡À≈◊Õ√«¡Õ¬Ÿà „π§à“„™â®à“¬„π°“√∫√‘À“√) 257,057,527 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑œ¡’Õÿª°√≥å®”π«πÀπ÷Ëß´÷Ëßμ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â«·μà¬—ß„™âß“πÕ¬Ÿà √“§“∑ÿπ¢Õß ‘π∑√—æ¬å ¥—ß°≈à“«¡’®”π«π‡ß‘πª√–¡“≥ 37 ≈â“π∫“∑ (2551: ®”π«π 30 ≈â“π∫“∑) ∫√‘…—∑œ ‰¥â®¥®”πÕß∑’Ë¥‘π ‚√ß‰øøÑ“·≈–Õ“§“√∑—ÈßÀ¡¥¢Õß∫√‘…—∑œ √«¡∂÷ß∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ‡æ◊ËÕ§È” ª√–°—π ‘π‡™◊ËÕ∑’Ë ‰¥â√—∫®“°∏π“§“√æ“≥‘™¬åμ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 11

10. μâπ∑ÿπ°“√ª≈Ÿ°æ◊™æ≈—ßß“π ∫√‘…∑— ¬àÕ¬¢Õß∫√‘…∑— œ¡’μπâ ∑ÿπ°“√ª≈Ÿ°æ◊™æ≈—ßß“π´÷ßË ª√–°Õ∫¥â«¬ μâπ∑ÿπ„π°“√ª√—∫ª√ÿß∑’¥Ë π‘ §à“°≈â“‰¡â ·≈–§à“„™â®“à ¬„π°“√ª≈Ÿ° ´÷ßË ‡°‘¥¢÷πÈ °àÕπ∑’®Ë – “¡“√∂μ—¥æ◊™æ≈—ßß“π‰ª„™âª√–‚¬™πå ‰¥â μâπ∑ÿπ¥—ß°≈à“«· ¥ß‡ªìπ ‘π∑√—æ¬å„π√“§“∑ÿπ·≈–®–∂Ÿ°μ—¥®”Àπà“¬μ“¡ ®”π«πº≈º≈‘μ∑’°Ë ®‘ °“√®–π”‰ª„™âª√–‚¬™πå·≈–μ—¥‡ªìπ§à“„™â®“à ¬ ”À√—∫μâπ∑ÿπ°“√ª≈Ÿ°„πæ◊πÈ ∑’∑Ë ’Ë‰¡à‰¥âº≈º≈‘μÀ√◊Õ‡°‘¥§«“¡‡ ’¬À“¬

112

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

(Unit: Baht)

Land Cost 31 December 2008 104,871,396 Acquisition Transfer in (out) Disposals 31 December 2009 104,871,396 Accumulated depreciation 31 December 2008 Depreciation for the year Depreciation on disposals 31 December 2009 Net book value 31 December 2008 104,871,396 31 December 2009 104,871,396

Separate financial statements Furniture, fixtures Power Power plant Tools and and office plant improvement Buildings equipment equipment

Motor Construction vehicles in progress

Total

4,636,951,987 327,691,365 52,098,708 13,595,288 1,278,050 4,651,825,325 327,691,365 52,098,708

45,166,542 56,390,385 1,061,276 3,047,002 (226,457) 46,227,818 59,210,930

17,080,522 721,584 17,802,106

1,186,635,835 164,894,094 156,316,615 81,465,441

31,405,693 31,605,514 4,751,192 10,278,140

7,101,101 2,159,671

1,429,704,789 257,057,527

(213,924)

1,686,548,392

8,062,552 2,086,468 -

(213,924)

1,342,952,450 246,359,535 10,149,020

36,156,885 41,669,730

9,260,772

3,450,316,152 162,797,271 44,036,156 3,308,872,875 81,331,830 41,949,688

13,760,849 24,784,871 10,070,933 17,541,200

9,979,421 8,541,334

1,278,051 5,241,528,956 7,363,673 25,788,823 (1,278,050) (226,457) 7,363,674 5,267,091,322

1,278,051 3,811,824,167 7,363,674 3,580,542,930

246,912,067 257,057,527

As at 31 December 2009, certain plant and equipment items have been fully depreciated but are still in use. The original cost of those assets amounted to approximately Baht 37 million (2008: Baht 30 million). All of the land, power plant and buildings of the Company and a subsidiaryûs land with structures thereon have been mortgaged as collateral for credit facilities granted by a commercial bank as stated in Note 11 to the financial statements.

10. Project cost of energy plant farming The subsidiary of the Company incurred costs of an energy plant farming project, which comprise costs of land improvement, seedlings, and planting, which were incurred before the energy plant can be harvested for use. Such expenditures are recognised as assets at cost and are to be amortized according to the amount of produce utilised. Costs of planting in areas that are not productive or are damaged are written off to expenses.

113 This annual report is printed on Green Series paper made from 100% Eco Fiber

‡ß‘π°Ÿâ

Õ—μ√“¥Õ°‡∫’È¬ (√âÕ¬≈–)

‡ß◊ËÕπ‰¢°“√™”√–§◊π

√âÕ¬≈– 4.375 μàÕªï μ—Èß·μà‡¥◊Õπæƒ…¿“§¡ 2551 ®π∂÷ß‡¥◊Õπ‡¡…“¬π 2554 ·≈– MLR ≈∫√âÕ¬≈– 1.5 μàÕªï μ—Èß·μà‡¥◊Õπæƒ…¿“§¡ 2554 ®π§√∫°”Àπ¥Õ“¬ÿ —≠≠“ √âÕ¬≈– 4.375 μàÕªï μ—Èß·μà‡¥◊Õπæƒ…¿“§¡ 2551 ®π∂÷ß‡¥◊Õπ‡¡…“¬π 2554 ·≈– MLR ≈∫√âÕ¬≈– 1.5 μàÕªï μ—Èß·μà‡¥◊Õπæƒ…¿“§¡ 2554 ®π§√∫°”Àπ¥Õ“¬ÿ —≠≠“ √âÕ¬≈– MLR ≈∫Õ—μ√“§ß∑’Ëμ“¡∑’Ë√–∫ÿ „π —≠≠“

™”√–§◊π‡ªìπ√“¬ß«¥∑ÿ°§√÷Ëßªï μ—Èß·μà‡¥◊Õπ∏—π«“§¡ 2546 ®π∂÷ß‡¥◊Õπ¡‘∂ÿπ“¬π 2559

1,851,900,000

1,901,900,000

™”√–§◊π‡ªìπ√“¬ß«¥∑ÿ°§√÷Ëßªï μ—Èß·μà‡¥◊Õπ¡‘∂ÿπ“¬π 2549 ®π∂÷ß‡¥◊Õπ∏—π«“§¡ 2559

665,200,000

685,200,000

™”√–§◊π‡ªìπ√“¬ß«¥∑ÿ°§√÷Ëßªï μ—Èß·μà‡¥◊Õπ¡‘∂ÿπ“¬π 2554 ®π∂÷ß‡¥◊Õπ∏—π«“§¡ 2563

90,000,000

2,607,100,000 (80,000,000) 2,527,100,000

2,587,100,000 (70,000,000) 2,517,100,000

√«¡ À—°: à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï

—≠≠“‡ß‘π°Ÿ¬â ¡◊ ¡’¢Õâ ®”°—¥À≈“¬ª√–°“√´÷ßË ∫√‘…∑— œ μâÕßªØ‘∫μ— μ‘ “¡‰¥â·°à °“√¥”√ßÕ—μ√“ à«π∑“ß°“√‡ß‘π·≈–°“√®à“¬‡ß‘πªíπº≈ ‡ªìπμâπ ‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“«∑—ßÈ À¡¥§È”ª√–°—π‚¥¬°“√®¥®”πÕß∑’¥Ë π‘ ‚√ß‰øøÑ“·≈–Õ“§“√∑—ßÈ À¡¥¢Õß ∫√‘…∑— œ √«¡∂÷ß°“√®¥®”πÕß∑’¥Ë π‘ æ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß·≈–°“√∑”¢âÕμ°≈ß®–®¥®”πÕß‡§√◊ËÕß®—°√¢Õß∫√‘…—∑¬àÕ¬π—Èπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑œ ¡’«ß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«μ“¡ —≠≠“‡ß‘π°Ÿâ∑’Ë¬—ß¡‘‰¥â‡∫‘°„™â‡ªìπ®”π«π 510 ≈â“π∫“∑

12. ”√Õßμ“¡°ÆÀ¡“¬ ‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡¡“μ√“ 116 ·Ààßæ√–√“™∫—≠≠—μ‘∫√‘…—∑¡À“™π®”°—¥ æ.». 2535 ∫√‘…—∑œμâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß ‰«â‡ªìπ∑ÿπ ”√Õß‰¡àπâÕ¬°«à“√âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªïÀ—°¥â«¬¬Õ¥¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π ‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π ”√Õßμ“¡°ÆÀ¡“¬¥—ß°≈à“«‰¡à “¡“√∂π”‰ª®à“¬‡ß‘πªíπº≈‰¥â

13. §à“„™â®à“¬μ“¡≈—°…≥– √“¬°“√§à“„™â®à“¬μ“¡≈—°…≥–∑’Ë ”§—≠‰¥â·°à (Àπà«¬: ∫“∑)

§à“‡™◊ÈÕ‡æ≈‘ß·≈–æ≈—ßß“π §à“‡ ◊ËÕ¡√“§“ §à“∫”√ÿß√—°…“·≈–´àÕ¡·´¡‚√ß‰øøÑ“ §à“∫√‘°“√®—¥°“√‚√ß‰øøÑ“ §à“‡™à“®à“¬ ‡ß‘π‡¥◊Õπ·≈–º≈ª√–‚¬™πåÕ◊Ëπ¢Õßæπ—°ß“π §à“‡∫’È¬ª√–°—π¿—¬

114

ß∫°“√‡ß‘π√«¡ 2552 2551 2,038,594,098 2,039,206,929 263,347,454 251,602,096 87,240,695 106,566,736 73,431,351 70,251,701 78,431,213 78,061,238 38,064,429 42,349,030 19,789,007 18,132,646

ß∫°“√‡ß‘π‡©æ“–°‘®°“√ 2552 2551 2,038,594,098 2,039,206,929 257,057,527 246,912,067 87,240,695 106,566,736 73,431,351 70,251,701 78,062,380 77,915,038 33,101,097 32,222,088 19,442,028 17,968,182

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

11. Long-term loans

Loans Interest rate (%) 1 4.375% per annum from May 2008 until April 2011, and MLR minus 1.5% per annum from May 2011 until the final maturity date of the agreement. 2 4.375% per annum from May 2008 until April 2011, and MLR minus 1.5% per annum from May 2011 until the final maturity date of the agreement. 3 MLR minus a fixed percentage specified in the agreement Total Less: Current portion of long-term loans Long-term loans - net of current portion

Repayment conditions semi-annual installments from December 2003 to June 2016

(Unit: Baht) Consolidated/ Separate financial statements 2009 2008 1,851,900,000 1,901,900,000

semi-annual installments from June 2006 to December 2016

665,200,000

685,200,000

semi-annual installments from June 2011 to December 2020

90,000,000

2,607,100,000 (80,000,000) 2,527,100,000

2,587,100,000 (70,000,000) 2,517,100,000

The loan agreements contain various covenants relating to the maintenance of financial ratios and the payment of dividends. These long-term loans are secured by the mortgage of all of the land, power plant and buildings of the Company, a subsidiaryûs land with structures thereon, and an agreement to mortgage machinery of the subsidiary. As at 31 December 2009, the long-term credit facilities of the Company which have not yet been drawn down amounted to Baht 510 million.

12. Statutory reserve Pursuant to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside to a statutory reserve at least 5 percent of its net income after deducting accumulated deficit brought forward (if any), until the reserve reaches 10 percent of the registered capital. The statutory reserve is not available for dividend distribution.

13. Expenses by nature Significant expenses by nature are as follow: (Unit: Baht)

Fuel and energy costs Depreciation Plant maintenance and repairing costs Operation services of the power plant Rental expenses Salary and other employee benefits Insurance expenses

Consolidated financial statements 2009 2008 2,038,594,098 2,039,206,929 263,347,454 251,602,096 87,240,695 106,566,736 73,431,351 70,251,701 78,431,213 78,061,238 38,064,429 42,349,030 19,789,007 18,132,646

Separate financial statements 2009 2008 2,038,594,098 2,039,206,929 257,057,527 246,912,067 87,240,695 106,566,736 73,431,351 70,251,701 78,062,380 77,915,038 33,101,097 32,222,088 19,442,028 17,968,182

This annual report is printed on Green Series paper made from 100% Eco Fiber

115

14. ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ”À√—∫ªï§”π«≥¢÷Èπ®“°°”‰√°àÕπ¿“…’‡ß‘π‰¥â¢Õß à«πß“π∑’Ë ‰¡à ‰¥â√—∫°“√ àß‡ √‘¡ À≈—ß®“°∫«°°≈—∫¥â«¬§à“ „™â®à“¬μà“ßÊ ∑’Ë ‰¡àÕπÿ≠“μ„Àâ∂◊Õ‡ªìπ√“¬®à“¬„π°“√§”π«≥¿“…’

15. °“√ àß‡ √‘¡°“√≈ß∑ÿπ ∫√‘…∑— œ ‰¥â√∫— ‘∑∏‘æ‡‘ »…∑“ß¿“…’®“°§≥–°√√¡°“√ àß‡ √‘¡°“√≈ß∑ÿπ ”À√—∫°‘®°“√º≈‘μæ≈—ßß“π‰øøÑ“·≈–‰ÕπÈ” μ“¡∫—μ√ àß‡ √‘¡ °“√≈ß∑ÿπ‡≈¢∑’Ë 1697/2540 ‡≈¢∑’Ë 1403(1)/2544 ·≈–‡≈¢∑’Ë 1434(2)/2547 ¿“¬„μâ‡ß◊ËÕπ‰¢∑’Ë°”Àπ¥∫“ßª√–°“√ ‘∑∏‘æ‘‡»… ¥—ß°≈à“«√«¡∂÷ß°“√‰¥â√∫— ¬°‡«âπ¿“…’‡ß‘π‰¥âπμ‘ ∫‘ §ÿ §≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë ‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë ‰¥â√∫— °“√ àß‡ √‘¡‡ªìπ√–¬–‡«≈“ 8 ªïπ—∫μ—Èß·μà«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ («—π∑’Ë 17 ¡’π“§¡ 2542 ·≈– 19 æƒ»®‘°“¬π 2545 ·≈– 21 ‡¡…“¬π 2548 μ“¡≈”¥—∫) ‘∑∏‘æ‘‡»…¢Õß°“√¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈¢Õß∫—μ√ àß‡ √‘¡°“√≈ß∑ÿπ‡≈¢∑’Ë 1697/2540 ‰¥â ‘Èπ ÿ¥≈ß·≈â«‡¡◊ËÕ«—π∑’Ë 16 ¡’π“§¡ 2550 ∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑œ ‰¥â√—∫ ‘∑∏‘æ‘‡»…∑“ß¿“…’®“°§≥–°√√¡°“√ àß‡ √‘¡°“√≈ß∑ÿπ ”À√—∫°‘®°“√º≈‘μæ≈—ßß“π‰øøÑ“·≈–‰ÕπÈ” μ“¡∫—μ√ àß‡ √‘¡°“√≈ß∑ÿπ‡≈¢∑’Ë 1414(9)/2550 ·≈–‡≈¢∑’Ë 1563(1)/2552 ¿“¬„μâ‡ß◊ËÕπ‰¢∑’Ë°”Àπ¥∫“ßª√–°“√ ‘∑∏‘æ‘‡»…¥—ß°≈à“« √«¡∂÷ß°“√‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë ‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡‡ªìπ√–¬–‡«≈“ 8 ªï π—∫·μà«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ ≥ «—π∑’Ë „πß∫¥ÿ≈ ∫√‘…—∑¬àÕ¬¬—ß¡‘‰¥â¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√¥—ß°≈à“« √“¬‰¥â¢Õß∫√‘…—∑œ ”À√—∫ªï®”·π°μ“¡°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ·≈–‰¡à ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ “¡“√∂ √ÿª‰¥â ¥—ßμàÕ‰ªπ’È (Àπà«¬: æ—π∫“∑)

√“¬‰¥â®“°°“√¢“¬

°‘®°“√∑’Ë‰¥â√—∫°“√ àß‡ √‘¡ °‘®°“√∑’Ë‰¡à‰¥â√—∫°“√ àß‡ √‘¡ 2552 2551 2552 2551 1,304,740 1,251,097 1,737,124 1,797,645

√«¡ 2552 3,041,864

2551 3,048,742

16. °”‰√μàÕÀÿâπ °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π§”π«≥‚¥¬À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬®”π«π∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠∑’ËÕÕ°Õ¬Ÿà„π√–À«à“ßªï

17. ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π ∫√‘…∑— œ ¥”‡π‘π°‘®°“√„π à«πß“π∑“ß∏ÿ√°‘®‡¥’¬«§◊Õ º≈‘μ·≈–®”Àπà“¬æ≈—ßß“π‰øøÑ“·≈–‰ÕπÈ” ´÷ßË ¥”‡π‘π∏ÿ√°‘®„π à«πß“π∑“ß¿Ÿ¡»‘ “ μ√å ‡¥’¬«§◊Õª√–‡∑»‰∑¬ ¥—ßπ—Èπ √“¬‰¥â °”‰√ ·≈– ‘π∑√—æ¬å∑—ÈßÀ¡¥∑’Ë· ¥ß„πß∫°“√‡ß‘π®÷ß‡°’Ë¬«¢âÕß°—∫ à«πß“π∏ÿ√°‘®·≈– à«πß“π∑“ß ¿Ÿ¡‘»“ μ√å‡¥’¬«μ“¡∑’Ë°≈à“«‰«â¢â“ßμâπ

18. °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ∫√‘…—∑œ ·≈–æπ—°ß“π∫√‘…—∑œ‰¥â√à«¡°—π®—¥μ—Èß°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢÷Èπμ“¡æ√–√“™∫—≠≠—μ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530 ‚¥¬∫√‘…—∑œ ·≈–æπ—°ß“π®–®à“¬ ¡∑∫‡¢â“°Õß∑ÿπ‡ªìπ√“¬‡¥◊Õπ„πÕ—μ√“√âÕ¬≈– 3 ¢Õß‡ß‘π‡¥◊Õπ °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æπ’È∫√‘À“√ ‚¥¬∏π“§“√‰∑¬∏π“§“√ ®”°—¥ (¡À“™π) ·≈–®–®à“¬„Àâ·°àæπ—°ß“π‡¡◊ËÕæπ—°ß“ππ—ÈπÕÕ°®“°ß“πμ“¡√–‡∫’¬∫«à“¥â«¬°Õß∑ÿπ ¢Õß∫√‘…—∑œ „π√–À«à“ßªï 2552 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥â®à“¬‡ß‘π ¡∑∫°Õß∑ÿπ‡ªìπ®”π«π‡ß‘π 610,944 ∫“∑ (2551: ®”π«π 925,290 ∫“∑)

116

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

14. Corporate income tax Corporate income tax for the year is calculated on income before income tax from operations not granted BOI promotional privileges, after adding back certain expenses which are disallowable for tax computation purposes.

15. Promotional privileges The Company has received promotional privileges from the Board of Investment for the production of electricity and steam, pursuant to the promotion certificate No. 1697/2540, 1403(1)/2544 and 1434(2)/2547. Subject to certain imposed condition, the privileges include an exemption from corporate income tax for a period of 8 years from the date the promoted activity commenced generating revenues (17 March 1999, 19 November 2002 and 21 April 2005, respectively). The corporate income tax privileges of the certificate No.1697/2540 was expired on 16 March 2007. Its subsidiary has received promotional privileges from the Board of Investment for the production of electricity and steam, pursuant to the promotion certificate No. 1414(9)/2550 and 1563(1)/2552. Subject to certain imposed condition, the privileges include an exemption from corporate income tax for a period of 8 years from the date the promoted activity commenced generating revenues. As at the balance sheet date, the subsidiary has not generated revenues from the promoted activity. Revenues of the Company for the years are below divided between BOI promoted activities and non-BOI promoted activities. (Unit: Thousand Baht) BOI promoted Non-BOI promoted 2009 2008 2009 2008 1,304,740 1,251,097 1,737,124 1,797,645

Sales

Total 2009 3,041,864

2008 3,048,742

16. Earnings per share Basic earnings per share is calculated by dividing net income for the year by the weighted average number of ordinary shares in issue during the year.

17. Financial information by segment The Companyûs operations involve a single business segment in manufacturing and distributing of electricity and steam and are carried on in the single geographic area of Thailand. As a result, all of the revenues, operating profits and assets reflected in these financial statements pertain to the aforementioned business segment and geographic area.

18. Provident fund The Company and its employees have jointly established a provident fund in accordance with the Provident Fund Act B.E. 2530. Both employees and the Company contributed to the fund monthly at the rate of 3 percent of basic salary. The fund, which is managed by BankThai Public Company Limited, will be paid to employees upon termination in accordance with the fund rules. During the year 2009, the Company and its subsidiary contributed Baht 610,944 (2008:Baht 925,290) to the fund.

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19. ‡ß‘πªíπº≈®à“¬ Õπÿ¡μ— ‘‚¥¬

‡ß‘πªíπº≈ª√–®”ªï 2551 √«¡‡ß‘πªíπº≈®à“¬„πªï 2552 ‡ß‘πªíπº≈ª√–®”ªï 2550 √«¡‡ß‘πªíπº≈®à“¬„πªï 2551

√«¡‡ß‘πªíπº≈ ‡ß‘πªíπº≈μàÕÀÿâπ ≈â“π∫“∑ ∫“∑ ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 28 ‡¡…“¬π 2552 143.25 0.15 143.25 0.15 ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 28 ¡’π“§¡ 2551 286.50 0.30 286.50 0.30

20. ¿“√–ºŸ°æ—π 20.1 —≠≠“¢“¬‰øøÑ“ ‡¡◊ËÕ«—π∑’Ë 19 ∏—π«“§¡ 2540 ∫√‘…—∑œ‰¥â∑” —≠≠“¢“¬‰øøÑ“°—∫°“√‰øøÑ“ΩÉ“¬º≈‘μ·Ààßª√–‡∑»‰∑¬ (°øº.) μ“¡®”π«π·≈– √“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ —≠≠“¥—ß°≈à“«¡’√–¬–‡«≈“ 25 ªï ·≈–®– ‘Èπ ÿ¥ —≠≠“„π‡¥◊Õπ‡¡…“¬π 2567 „π‡¥◊Õπ¡’π“§¡ 2552 ∫√‘…—∑ À‚§‡®π °√’π ®”°—¥ ‰¥â∑” —≠≠“¢“¬‰øøÑ“°—∫°“√‰øøÑ“ à«π¿Ÿ¡‘¿“§ (°ø¿.) μ“¡®”π«π ·≈–√“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ ‚¥¬ —≠≠“«à“®–‡√‘Ë¡¢“¬‰øøÑ“„Àâ°ø¿.¿“¬„π‡¥◊Õπ°√°Æ“§¡ 2553 —≠≠“¥—ß°≈à“«¡’ √–¬–‡«≈“ 5 ªïπ—∫μ—Èß·μà«—π∑’Ë 25 ¡’π“§¡ 2552 ‡‡≈–μàÕ —≠≠“‚¥¬Õ—μ‚π¡—μ‘§√—Èß≈– 5 ªï ®π°«à“®–¡’°“√¬ÿμ‘ —≠≠“ „π‡¥◊Õπ°—π¬“¬π 2552 ∫√‘…—∑ À°√’π øÕ‡√ ∑å ®”°—¥ ‰¥â∑” —≠≠“¢“¬‰øøÑ“°—∫°“√‰øøÑ“ à«π¿Ÿ¡‘¿“§ (°ø¿.) μ“¡®”π«π ·≈–√“§“∑’°Ë ”Àπ¥‰«â „π —≠≠“ ‚¥¬ —≠≠“«à“®–‡√‘¡Ë ¢“¬‰øøÑ“„Àâ°ø¿.¿“¬„π‡¥◊Õπ ‘ßÀ“§¡ 2555 —≠≠“¥—ß°≈à“«¡’√–¬–‡«≈“ 5 ªïπ—∫μ—Èß·μà«—π∑’Ë 10 °—π¬“¬π 2552 ‡‡≈–μàÕ —≠≠“‚¥¬Õ—μ‚π¡—μ‘§√—Èß≈– 5 ªï ®π°«à“®–¡’°“√¬ÿμ‘ —≠≠“ 20.2 —≠≠“¢“¬‰øøÑ“·≈–‰ÕπÈ” „πªï 2540 ∫√‘…—∑œ ‰¥â∑” —≠≠“¢“¬°√–· ‰øøÑ“·≈–æ≈—ßß“π‰ÕπÈ”°—∫∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) μ“¡®”π«π·≈–√“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ —≠≠“¥—ß°≈à“«¡’√–¬–‡«≈“ 15 ªï ·≈–®– ‘Èπ ÿ¥ —≠≠“„π‡¥◊Õπ¡’π“§¡ 2557 20.3 —≠≠“´◊ÈÕ°ä“´∏√√¡™“μ‘ ∫√‘…∑— œ ¡’¿“√–ºŸ°æ—πμ“¡ —≠≠“´◊ÕÈ °ä“´∏√√¡™“μ‘°∫— ∫√‘…∑— ªμ∑. ®”°—¥ (¡À“™π) μ“¡®”π«π·≈–√“§“∑’°Ë ”Àπ¥‰«â „π —≠≠“ ‡ªìπ√–¬–‡«≈“ 21 ªï ·≈–®– ‘Èπ ÿ¥ —≠≠“„π‡¥◊Õπ¡’π“§¡ 2563 ‚¥¬ “¡“√∂μàÕÕ“¬ÿ —≠≠“‰¥âÕ’° 4 ªï 20.4 —≠≠“√—∫∫√‘°“√¥â“π°“√®—¥°“√‡°’Ë¬«°—∫°“√¥”‡π‘πß“π·≈–´àÕ¡∫”√ÿß „πªï 2549 ∫√‘…—∑œ ‰¥â∑” —≠≠“°—∫∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ ‡æ◊ËÕ√—∫∫√‘°“√¥â“π°“√®—¥°“√·≈–√—∫§” ·π–π”‡°’Ë¬«°—∫°“√¥”‡π‘πß“π·≈–´àÕ¡∫”√ÿß‚√ß‰øøÑ“ ‚¥¬§à“∫√‘°“√‡ªìπ‰ªμ“¡√“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ —≠≠“¥—ß°≈à“« ¡’°”Àπ¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2554 20.5 —≠≠“´◊ÕÈ ¢“¬πÈ”¥‘∫ ∫√‘…—∑œ ¡’¿“√–ºŸ°æ—πμ“¡ —≠≠“´◊ÈÕπÈ”¥‘∫°—∫∫√‘…—∑·ÀàßÀπ÷Ëß ‡æ◊ËÕ´◊ÈÕπÈ”¥‘∫μ“¡®”π«π·≈–√“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ ‡ªìπ√–¬–‡«≈“ 25 ªï ·≈–®– ‘Èπ ÿ¥ —≠≠“„π‡¥◊Õπ¡’π“§¡ 2567

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

19. Dividend paid Approved by Final dividend for 2008

Annual General Meeting of the shareholders on 28 April 2009

Total dividend paid in 2009 Final dividend for 2007 Annual General Meeting of the shareholders on 28 March 2008 Total dividend paid in 2008

Total dividends Million Baht 143.25

Dividend per share Baht 0.15

143.25 286.50

0.15 0.30

286.50

0.30

20. Commitments 20.1 Electricity Sales Agreements On 19 December 1997 the Company entered into an agreement with the Electricity Generating Authority of Thailand (EGAT) to sell electricity in a specified quantity and at a stipulated price as defined in the agreement. The agreement period is 25 years and will expire in April 2024. In March 2009, Sahacogen Green Company Limited entered into an agreement with the Provincial Electricity Authority (PEA) to sell electricity in a specified quantity and at a stipulated price as defined in the agreement. The subsidiary agreed to start selling electricity to PEA within July 2010. The agreement is for a period of 5 years, starting from 25 March 2009, and will automatically renew every 5 years until termination. In September 2009, Sahagreen Forest Company Limited entered into an agreement with the Provincial Electricity Authority (PEA) to sell electricity in a specified quantity and at a stipulated price as defined in the agreement. The subsidiary agreed to start selling electricity to PEA within August 2012. The agreement is for a period of 5 years, starting from 10 September 2009, and will automatically renew every 5 years until termination. 20.2 Electricity and Steam Sales Agreements In 1997, the Company entered into agreements with Saha Pathana Inter-Holding Public Company Limited to sell electricity and steam in a specified quantity and at a stipulated price as defined in the agreements. The agreements period is 15 years and will expire in March 2014. 20.3 Gas Purchase Agreement Under an agreement with the PTT Public Company Limited (çPTTé), the Company is committed to purchase natural gas from PTT in a specified quantity and at a stipulated price as defined in the agreement for a period of 21 years. The agreement will expire in March 2020, however it contains an option to renew for an additional period of 4 years. 20.4 Operation and Service Management Agreement In 2006, the Company entered into an agreement with Operational Energy Group Limited under which the affiliate will provide management and advisory services for the operation and maintenance of the power plant, which the Company is committed to pay for at prices as determined in the agreement. The agreement expired on 31 December 2011. 20.5 Raw Water Purchase Agreement Under an agreement with a private entity, the Company is committed to purchase raw water in a specified quantity and at a stipulated price as defined in the agreement for a period of 25 years. The agreement will expire in March 2024.

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20.6 —≠≠“‡™à“∑’Ë¥‘π ∫√‘…—∑œ ‰¥â∑” —≠≠“‡™à“∑’Ë¥‘π®”π«π 4,800 μ“√“ß‡¡μ√°—∫∫√‘…—∑ ‘π¿√“¥√ ®”°—¥ ‡ªìπ√–¬–‡«≈“ 3 ªï ‚¥¬®à“¬§à“‡™à“ ‡¥◊Õπ≈– 144,000 ∫“∑ ‡√‘Ë¡μ—Èß·μà«—π∑’Ë 1 ¡‘∂ÿπ“¬π 2548 ‚¥¬ “¡“√∂μàÕÕ“¬ÿ —≠≠“‰¥â§√“«≈– 3 ªï ∫√‘…—∑¬àÕ¬‰¥â∑” —≠≠“‡™à“∑’Ë¥‘π®”π«π 27.55 ‰√à °—∫∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ‚¥¬®à“¬§à“‡™à“ ‡¥◊Õπ≈– 434,192 ∫“∑ ‡ªìπ√–¬–‡«≈“ 13 ªï μ—Èß·μà«—π∑’Ë 1 ‡¡…“¬π 2550 ∂÷ß«—π∑’Ë 31 ¡’π“§¡ 2563 Õ¬à“ß‰√°Áμ“¡ ∫√‘…—∑¬àÕ¬‰¥â¢Õ¬°‡«âπ§à“‡™à“¥—ß°≈à“«®“°∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) μ—Èß·μà‡¥◊Õπμÿ≈“§¡ 2550 ‡ªìπμâπ‰ª 20.7 —≠≠“‡™à“‡§√◊ËÕß®—°√ ∫√‘…—∑œ ‰¥â∑” —≠≠“‡™à“‡§√◊ËÕß®—°√°—∫∫√‘…—∑ ÕÕªÕ‡√™—ËππÕ≈ ‡ÕÁπ‡πÕ√å¬’Ë °√ÿäª ®”°—¥ ‡æ◊ËÕ‡ªìπ‡§√◊ËÕß ”√Õß„π°√≥’∑’Ë ‡§√◊ËÕß®—°√¢Õß∫√‘…—∑œ „™âß“π‰¡à ‰¥âμ“¡ª°μ‘ ‚¥¬§à“‡™à“‡ªìπ‰ªμ“¡√“§“∑’Ë°”Àπ¥‰«â „π —≠≠“ —≠≠“¥—ß°≈à“«¡’°”Àπ¥ ‘Èπ ÿ¥ ≥ «—π∑’Ë 30 ¡‘∂ÿπ“¬π 2559 20.8 Àπ—ß ◊Õ§È”ª√–°—π∏π“§“√ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ¡’Àπ—ß ◊Õ§È”ª√–°—π∑’ËÕÕ°‚¥¬∏π“§“√„ππ“¡¢Õß∫√‘…—∑œ ‡æ◊ËÕª√–°—π°“√ªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢ „π —≠≠“´◊ÈÕ¢“¬‰øøÑ“°—∫°“√‰øøÑ“ΩÉ“¬º≈‘μ·Ààßª√–‡∑»‰∑¬ (°øº.) ‡ªìπ®”π«π‡ß‘πª√–¡“≥ 163 ≈â“π∫“∑ ·≈–¡’Àπ—ß ◊Õ §È”ª√–°—π∑’ËÕÕ°‚¥¬∏π“§“√„ππ“¡¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‡æ◊ËÕ°“√§È”ª√–°—πÕ◊Ëπ‡ªìπ®”π«π 18 ≈â“π∫“∑ 20.9 √“¬®à“¬ΩÉ“¬∑ÿπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑¬àÕ¬¡’¿“√–ºŸ°æ—π√“¬®à“¬ΩÉ“¬∑ÿπ‡°’Ë¬«°—∫°“√°àÕ √â“ß‚√ß‰øøÑ“‡ªìπ®”π«π‡ß‘πª√–¡“≥ 387 ≈â“π∫“∑

21. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π 21.1 π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß ‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π∑’ Ë ”§—≠¢Õß∫√‘…∑— œ μ“¡∑’πË ¬‘ “¡Õ¬Ÿà„π¡“μ√∞“π°“√∫—≠™’©∫—∫∑’Ë 32 ç°“√· ¥ß√“¬°“√·≈–°“√‡ªî¥‡º¬ ¢âÕ¡Ÿ≈ ”À√—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘πé ª√–°Õ∫¥â«¬ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≈Ÿ°Àπ’È°“√§â“ ‡ß‘π≈ß∑ÿπ ·≈–‡ß‘π°Ÿâ ¬◊¡√–¬–¬“« ∫√‘…—∑œ¡’§«“¡‡ ’Ë¬ß∑’Ë‡°’Ë¬«¢âÕß°—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π¥—ß°≈à“« ·≈–¡’π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß¥—ßπ’È §«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ ∫√‘…—∑œ ¡’§«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ∑’Ë‡°’Ë¬«‡π◊ËÕß°—∫≈Ÿ°Àπ’È°“√§â“´÷Ëß à«π„À≠à‡°‘¥®“°°“√¢“¬„Àâ°—∫≈Ÿ°§â“®”π«ππâÕ¬√“¬ Õ¬à“ß‰√°Áμ“¡ ∫√‘…—∑œ‰¡à§“¥«à“®–‰¥â√—∫§«“¡‡ ’¬À“¬∑’Ë‡ªìπ “√– ”§—≠®“°°“√‡°Á∫Àπ’È®“°≈Ÿ°Àπ’È‡À≈à“π—Èπ ‡π◊ËÕß®“°≈Ÿ°Àπ’È ¡’§«“¡ “¡“√∂„π°“√™”√–Àπ’È¥’ §«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬ ∫√‘…—∑œ ¡’§«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬∑’Ë ”§—≠Õ—π‡°’Ë¬«‡π◊ËÕß°—∫‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π·≈–‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë¡’¥Õ°‡∫’È¬ Õ¬à“ß‰√°Áμ“¡ ‡π◊ÕË ß®“° ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π à«π„À≠à¡Õ’ μ— √“¥Õ°‡∫’¬È ∑’ªË √—∫¢÷πÈ ≈ßμ“¡Õ—μ√“μ≈“¥ À√◊Õ¡’Õμ— √“¥Õ°‡∫’¬È §ß∑’Ë´÷Ëß„°≈â‡§’¬ß°—∫Õ—μ√“μ≈“¥„πªí®®ÿ∫—π ∫√‘…—∑œ®÷ß¡‘‰¥â „™âμ√“ “√Õπÿæ—π∏å‡æ◊ËÕ∫√‘À“√§«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬¥—ß°≈à“« √“¬≈–‡Õ’¬¥¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«· ¥ß‰«â „πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 11

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

20.6 Land Rental Agreements The Company entered into a land rental agreement with Sinparadorn Company Limited to rent 4,800 square meters of land for 3 years at a monthly rental rate of Baht 144,000, which was effective from 1 June 2005. The agreement contains an option to renew every 3 years. The subsidiary entered into a land rental agreement with Saha Pathana Inter-Holding Public Company Limited to rent 27.55 rais of land for 13 years, which was effective from 1 April 2007 to 31 March 2020 at a monthly rental rate of Baht 434,192. However, the Company requested Saha Pathana Inter-Holding Public Company Limited to waive the rental fee since October 2007. 20.7 Machinery Lease Agreement The Company entered into a machinery lease agreement with Operational Energy Group Limited under which the affiliate will provide replacement machinery if the Companyûs machinery is temporarily out-of-order. Rental is charged at the rates stipulated in the agreement, which expires on 30 June 2016. 20.8 Bank guarantees As at 31 December 2009, there were outstanding bank guarantee of approximately Baht 163 million issued by a bank on behalf of the Company in respect of certain performance bonds as required under the Power Sales Agreement with the Electricity Generating Authority of Thailand (EGAT). There were also other guarantees issued by a bank on behalf of the Company and its subsidiary totaling Baht 18 million. 20.9 Capital commitments As at 31 December 2009, its subsidiary had outstanding capital commitments in respect of construction of power plant of approximately Baht 387 million.

21. Financial instruments 21.1 Financial risk management The Companyûs financial instruments, as defined under Thai Accounting Standard No.32 çFinancial Instruments: Disclosure and Presentationsé, principally comprise cash and cash equivalents, trade accounts receivable, investments and long-term loans. The financial risks associated with these financial instruments and how they are managed is described below. Credit risk The Company is exposed to credit risk primarily with respect to trade accounts receivable since the majority of sales are supplied to a limited number of customers. However, due to those customersû creditworthiness, the Company does not anticipate material losses from its debt collection. Interest rate risk The Companyûs exposure to interest rate risk relates primarily to its cash at financial institutions and long-term borrowings which are subject to interest. However, because most of the financial assets and financial liabilities have floating interest rates which fluctuate in line with market interest rates or fixed interest rates which approximate the current market interest rate, the Company does not use derivatives to manage its interest rate risk. Details of long-term loans from financial institutions are set out in Notes to the financial statements No.11.

121 This annual report is printed on Green Series paper made from 100% Eco Fiber

§«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’§«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π∑’Ë ”§—≠Õ—π‡°’Ë¬«‡π◊ËÕß®“°°“√´◊ÈÕ∑√—æ¬å ‘π·≈–‡®â“Àπ’È§à“°àÕ √â“ß ‡ªìπ °ÿ≈‡ß‘πμ√“μà“ßª√–‡∑» ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥âμ°≈ß∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“ ´÷Ëß¡’Õ“¬ÿ —≠≠“ ‰¡à‡°‘πÀπ÷Ëßªï‡æ◊ËÕ„™â‡ªìπ‡§√◊ËÕß¡◊Õ„π°“√∫√‘À“√§«“¡‡ ’Ë¬ß ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 ∫√‘…—∑¬àÕ¬¡’¬Õ¥§ß‡À≈◊Õ¢ÕßÀπ’È ‘π∑“ß°“√‡ß‘π∑’Ë‡ªìπ °ÿ≈‡ß‘πμ√“μà“ßª√–‡∑»®”π«πª√–¡“≥ 0.9 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’ —≠≠“´◊ÈÕ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“§ß‡À≈◊Õ‡ªìπ®”π«π√«¡ ª√–¡“≥ 12.9 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“ ´÷Ëß¡’Õ—μ√“·≈°‡ª≈’Ë¬πμ“¡ —≠≠“‡ªìπ®”π«π 33.25-33.33 ∫“∑μàÕ‡À√’¬≠ À√—∞Õ‡¡√‘°“ —≠≠“¥—ß°≈à“«∑¬Õ¬§√∫°”Àπ¥μ—Èß·μà‡¥◊Õπ¡°√“§¡∂÷ß‡¥◊Õπ ‘ßÀ“§¡ 2553 21.2 ¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ‡π◊ÕË ß®“° ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π à«π„À≠à¢Õß∫√‘…∑— œ ®—¥Õ¬Ÿà„πª√–‡¿∑√–¬– —πÈ ·≈–‡ß‘π°Ÿ¬â ¡◊ ¡’Õμ— √“¥Õ°‡∫’¬È „°≈â‡§’¬ß °—∫Õ—μ√“¥Õ°‡∫’È¬„πμ≈“¥ ∫√‘…—∑œ ®÷ßª√–¡“≥¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π„°≈â‡§’¬ß°—∫¡Ÿ≈§à“μ“¡∫—≠™’ ∑’·Ë ¥ß„πß∫¥ÿ≈ ¡Ÿ≈§à“¬ÿμ∏‘ √√¡ À¡“¬∂÷ß ®”π«π‡ß‘π∑’ºË ´Ÿâ Õ◊È ·≈–ºŸ¢â “¬μ°≈ß·≈°‡ª≈’¬Ë π ‘π∑√—æ¬å°π— „π¢≥–∑’∑Ë ß—È ÕßΩÉ“¬¡’§«“¡√Õ∫√Ÿâ ·≈–‡μÁ¡„® „π°“√·≈°‡ª≈’¬Ë π·≈– “¡“√∂μàÕ√Õß√“§“°—π‰¥âÕ¬à“ß‡ªìπÕ‘ √–„π≈—°…≥–∑’Ë‰¡à¡§’ «“¡‡°’¬Ë «¢âÕß°—π«‘∏°’ “√°”Àπ¥¡Ÿ≈§à“¬ÿμ∏‘ √√¡ ¢÷ÈπÕ¬Ÿà°—∫≈—°…≥–¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ¡Ÿ≈§à“¬ÿμ‘∏√√¡®–°”Àπ¥®“°√“§“μ≈“¥≈à“ ÿ¥ À√◊Õ°”Àπ¥¢÷Èπ‚¥¬„™â‡°≥±å°“√ «—¥¡Ÿ≈§à“∑’Ë‡À¡“– ¡

22. °“√∫√‘À“√®—¥°“√∑ÿπ «—μ∂ÿª√– ß§å„π°“√∫√‘À“√®—¥°“√∑ÿπ∑’Ë ”§—≠¢Õß∫√‘…—∑œ §◊Õ°“√®—¥„Àâ¡’´÷Ëß‚§√ß √â“ß∑“ß°“√‡ß‘π∑’Ë‡À¡“– ¡·≈–°“√¥”√ß‰«â´÷Ëß §«“¡ “¡“√∂„π°“√¥”‡π‘π∏ÿ√°‘®Õ¬à“ßμàÕ‡π◊ËÕß μ“¡ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2552 °≈ÿà¡∫√‘…—∑¡’Õ—μ√“ à«πÀπ’È ‘πμàÕ∑ÿπ‡∑à“°—∫ 1.5:1 (2551: 1.5:1) ·≈–∫√‘…—∑œ ¡’Õ—μ√“ à«π ‡∑à“°—∫ 1.4:1 (2551: 1.5:1)

23. ‡Àμÿ°“√≥å¿“¬À≈—ß«—π∑’Ë„πß∫°“√‡ß‘π ‡¡◊ËÕ«—π∑’Ë 26 °ÿ¡¿“æ—π∏å 2553 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ‰¥â¡’¡μ‘‡ÀÁπ™Õ∫„Àâ‡ πÕ°“√®à“¬‡ß‘πªíπº≈„πÕ—μ√“Àÿâπ≈– 0.17 ∫“∑ √«¡‡ß‘πªíπº≈∑—Èß ‘Èπ 162.35 ≈â“π∫“∑ μàÕ∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï 2553 æ‘®“√≥“Õπÿ¡—μ‘μàÕ‰ª

24. °“√Õπÿ¡—μ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È ‰¥â√—∫Õπÿ¡—μ‘„ÀâÕÕ°‚¥¬§≥–°√√¡°“√∫√‘…—∑œ ‡¡◊ËÕ«—π∑’Ë 26 °ÿ¡¿“æ—π∏å 2553

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∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

Foreign currency risk The Company and its subsidiaryûs exposure to foreign currency risk arises mainly from purchases of assets and construction payables that are denominated in foreign currencies. The Company and its subsidiary seek to reduce this risk by entering into forward exchange contracts when they consider appropriate. Generally, the forward contracts mature within one year. As at 31 December 2009, the balance of its subsidiaryûs financial liabilities denominated in foreign currencies total approximately USD 0.9 million. The Company and its subsidiary have outstanding forward foreign exchange contracts totaling approximately USD 12.9 million under which contractual exchange rates are 33.25 - 33.33 Baht per 1 USD. The contracts mature during January to August 2010. 21.2 Fair values of financial instruments Since the majority of the Companyûs financial instruments are short-term in nature or bear floating interest rates, their fair value is not expected to be materially different from the amounts presented in the balance sheets. A fair value is the amount for which an asset can be exchanged or a liability settled between knowledgeable, willing parties in an armûs length transaction. The fair value is determined by reference to the market price of the financial instrument or by using an appropriate valuation technique, depending on the nature of the instrument.

22. Capital management The primary objective of the Companyûs capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the balance sheet as at 31 December 2009, the Groupûs debt-to-equity ratio was 1.5:1 (2008: 1.5:1) and the Companyûs was 1.4:1 (2008: 1.5:1).

23. Subsequent events On 26 February 2010, the Companyûs Board of Directors meeting passed a resolution to propose the dividend payment of Baht 0.17 per share, totaling Baht 162.35 million, to the Annual General Meeting of the Shareholders of 2010 for approval.

24. Approval of financial statements These financial statements were authorised for issue by the Companyûs Board of Directors on 26 February 2010.

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§≥–°√√¡°“√

π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“ ª√–∏“π°√√¡°“√ Mr. Boonkiet Chokwatana Chairman

æ≈‡√◊Õ‡Õ° Õπÿ™‘μ ‡¿°–π—π∑πå ª√–∏“π∑’Ëª√÷°…“§≥–°√√¡°“√ Admiral Anuchit Bekanan Chairman of Advisory Committee

π“¬∫ÿ≠ƒ∑∏‘Ï ¡À“¡πμ√’ °√√¡°“√ Mr. Boonyarith Mahamontri Director

π“¬«‘‚√®πå ∏’√«—≤πå«“∑’ °√√¡°“√ºŸâ®—¥°“√·≈–°√√¡°“√∫√‘À“√ Mr. Viroj Theeravatvatee Managing Director and Executive Director

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π“¬ —πμ‘ «‘≈“ »—°¥“ππ∑å °√√¡°“√ Mr. Santi Vilassakdanont Director

π“¬∑πß »√’®‘μ√å °√√¡°“√·≈–°√√¡°“√∫√‘À“√ Mr.Tanong Srichit Director and Executive Director

π“¬∫ÿ≥¬ ‘∑∏‘Ï ‚™§«—≤π“ °√√¡°“√ Mr. Boonsithi Chokwatana Director

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

The Board of Directors

π“¬∏’√–»—°¥‘Ï «‘°‘μ‡»√…∞å °√√¡°“√·≈–ª√–∏“π°√√¡°“√∫√‘À“√ Mr. Thirasak Vikitset Director and Chairman of Executive Board

π“¬Õ—μ∂°√ °≈—Ëπ§«“¡¥’ °√√¡°“√·≈–°√√¡°“√∫√‘À“√ Mr. Atthakorn Glankwamdee Director and Executive Director

π“¬ ÿ√ß§å Õß§å‚¶…‘μ °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ Mr. Surong Ongkosit Independent Director and Audit Committee

π“¬πææ√ æß…å‡«™ °√√¡°“√Õ‘ √–·≈– ª√–∏“π°√√¡°“√μ√«® Õ∫ Mr. Nophorn Bhongsvej Independent Director and Chairman of Audit Committee

æ≈μ”√«®‡Õ° ¡™“¬ ª√–¿— ¿—°¥’ °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ Pol. Gen. Somchai Prabhasabhakdi Independent Director and Audit Committee

π“¬Õ¡√ Õ—»«“π—π∑å °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ Mr. Amorn Asvanunt Independent Director and Audit Committee

π“¬π‘«—μ√ æ—≤π‡ ¡“°ÿ≈ °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ Mr. Niwat Patanasemakul Independent Director and Audit Committee

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126

ª√–«—μ‘§≥–°√√¡°“√ ™◊ËÕ- °ÿ≈ / μ”·Àπàß

1. π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“ ë ª√–∏“π°√√¡°“√ ë ª√–∏“π°√√¡°“√ √√À“·≈– °”Àπ¥§à“μÕ∫·∑π ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

62 - ª√‘≠≠“∫√‘À“√∏ÿ√°‘®¥ÿ…Æ’∫—≥±‘μ°‘μμ‘¡»—°¥‘Ï “¢“«‘™“°“√®—¥°“√¡À“«‘∑¬“≈—¬»√’ª∑ÿ¡ - ª√‘≠≠“∫√‘À“√∏ÿ√°‘®¥ÿ…Æ’∫—≥±‘μ°‘μμ‘¡»—°¥‘Ï «‘∑¬“≈—¬æ“≥‘™¬»“ μ√å¡À“«‘∑¬“≈—¬∫Ÿ√æ“ - ª√‘≠≠“μ√’«‘»«°√√¡»“ μ√å “¢“«‘»«°√√¡ ‡§√◊ÕË ß°≈ ∂“∫—π«Ÿ√å ‡μÕ√å‚æ≈’‡∑§π‘§ √—∞·¡ ´“™Ÿ‡´∑ å ª√–‡∑» À√—∞Õ‡¡√‘°“ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 41/2004 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ 1.19

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“

πâÕß™“¬ 2549 - ªí®®ÿ∫—π π“¬∫ÿ≥¬ ‘∑∏‘Ï ‚™§«—≤π“ 2551 - ªí®®ÿ∫—π °√√¡°“√ 2523 - 2550 2539 - 2550 2516 - ªí®®ÿ∫—π 2529 - ªí®®ÿ∫—π 2536 - ªí®®ÿ∫—π

μ”·Àπàß °√√¡°“√ °√√¡°“√ ∫√‘…∑— ®¥∑–‡∫’¬π °√√¡°“√ºŸâÕ”π«¬°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ ª√–∏“π°√√¡°“√

™◊ÕË Àπà«¬ß“π/∫√‘…∑— ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬ ®”°—¥) ¡“§¡∫√‘…—∑®¥∑–‡∫’¬π‰∑¬ ∫√‘…—∑ ‰Õ.´’.´’. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ (¡À“™π) ∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) ∫√‘…—∑ ‚Õ ´’ ´’ ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡Õ ·Õπ¥å ‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å ®”°—¥ (¡À“™π) ∫√‘…—∑ ª√–™“Õ“¿√≥å ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰Õ.´’.´’. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ (¡À“™π)

2537 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ 2550 - ªí®®ÿ∫—π °√√¡°“√ºŸâÕ”π«¬°“√ ·≈– ª√–∏“π°√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) ®”π«π 38 ·Ààß °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’

The Board of Directors Age

1. Mr. Boonkiet Chokwatana 62 ë Chairman ë Chairman of the Nomination and Remuneration Committee ë Authorized Director -

Past 5 years experiences Position Director Director Listed Companies President Director Director Director Chairman Director President & Executive Other Companies (non Listed Companies) CompetitiveBusiness related to Companyûs Business

Company Name Thailand Securities Depository Company Limited Thai Listed Companies Association I.C.C. International PLC. Sahacogen (Chonburi) PLC. O.C.C. PLC. Saha Pathana Inter-Holding PLC. S&J International Enterprises PLC. Peopleûs Garment PLC. I.C.C. International PLC. 38 -None-

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

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Name / Position

Family Shares Relationship Education hold Between period (%) directors Honorary Doctorate Degree in 1.19 Brothers 2006 - Present Business Administration Mr. Boonsithi (Management), Sripratum University Chokwatana 2008 - Present Honorary Doctorate in Business Director Administration College of Commerce, 1996 - 2008 Burapha University 1996 - 2008 B.S. Mechanical Engineering 1973 - Present Worcester Polytechnic Institute, 1986 - Present Massachusetts, USA 1993 - Present Director Accreditation Program 1994 - Present (DAP) 3/2003 2007 - Present Director Certification Program (DCP) 41/2004 Thai Institute of Directors Association

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128 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

2. π“¬∫ÿ≥¬ ‘∑∏‘Ï ‚™§«—≤π“ ë °√√¡°“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

3. π“¬∏’√–»—°¥‘Ï «‘°‘μ‡»√…∞å ë °√√¡°“√ ë ª√–∏“π°√√¡°“√∫√‘À“√ ë °√√¡°“√ √√À“·≈–°”Àπ¥ §à“μÕ∫·∑π ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

72 - ª√‘≠≠“∫√‘À“√∏ÿ√°‘®¥ÿ…Æ’∫—≥±‘μ°‘μμ‘¡»—°¥‘Ï “¢“∫√‘À“√∏ÿ√°‘® 1. ¡À“«‘∑¬“≈—¬∫Ÿ√æ“ 2. ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å 3. ∂“∫—π∫—≥±‘μ æ—≤π∫√‘À“√»“ μ√å 4. ¡À“«‘∑¬“≈—¬ÀÕ°“√§â“‰∑¬ - ª√‘≠≠“∫√‘À“√∏ÿ√°‘®¥ÿ…Æ’∫—≥±‘μ°‘μμ‘¡»—°¥‘Ï “¢“«‘»«°√√¡»“ μ√å ¡À“«‘∑¬“≈—¬¢Õπ·°àπ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√ ∫√‘…—∑‰∑¬ (IOD) 58 - ª√‘≠≠“‚∑ “¢“∫√‘À“√∏ÿ√°‘® Clark University : Worcester, Massachusetts, ª√–‡∑» À√—∞Õ‡¡√‘°“ - ª√‘≠≠“μ√’«‘»«°√√¡»“ μ√å “¢“«‘»«°√√¡‡§¡’ ∂“∫—π«Ÿ√å ‡μÕ√å‚æ≈’‡∑§π‘§ √—∞·¡ ´“™Ÿ‡´∑ åª√–‡∑» À√—∞Õ‡¡√‘°“ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ 1.73

0.21

æ’™Ë “¬ π“¬∫ÿ≠‡°’¬√μ‘ ‚™§«—≤π“ ª√–∏“π °√√¡°“√

-‰¡à¡-’

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“

2515 - ªí®®ÿ∫—π 2518 - ªí®®ÿ∫—π 2523 - ªí®®ÿ∫—π 2533 - ªí®®ÿ∫—π 2537 - ªí®®ÿ∫—π 2538 - ªí®®ÿ∫—π 2547 - ªí®®ÿ∫—π

μ”·Àπàß

™◊ÕË Àπà«¬ß“π/∫√‘…∑—

∫√‘…∑— ®¥∑–‡∫’¬π ª√–∏“π°√√¡°“√ ª√–∏“π°√√¡°“√ °√√¡°“√∑’Ëª√÷°…“ °√√¡°“√∑’Ëª√÷°…“ ª√–∏“π°√√¡°“√ √Õßª√–∏“π°√√¡°“√ °√√¡°“√·≈–ª√–∏“π°√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

∫√‘…—∑ ‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) ∫√‘…—∑ ∏πŸ≈—°…≥å ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡∑Á°´å ‰∑≈å‡æ√ ∑’® ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰∑¬«“‚°â ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ (¡À“™π) ∫√‘…—∑ ‰Õ.´’.´’.Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß®”°—¥ (¡À“™π) ®”π«π 36 ·Ààß -‰¡à¡-’

∫√‘…∑— ®¥∑–‡∫’¬π 2528 - ªí®®ÿ∫—π °√√¡°“√ºŸâ®—¥°“√·≈– ª√–∏“π°√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

∫√‘…—∑ ‡Õ ·Õπ¥å ‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å ®”°—¥ (¡À“™π) ®”π«π 11 ·Ààß -‰¡à¡-’

Name / Position

2. Mr. Boonsithi Chokwatana ë Director ë Authorized Director

Age

72 -

3. Mr. Thirasak Vikitset 58 ë Director ë Chairman of Executive Board ë Nomination and Remuneration Director ë Authorized Director -

Past 5 years experiences Position Listed Companies Chairman Chairman Advising Director Advising Director Chairman Vice Chairman Director and Chairman of Executive Board Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

Listed Companies Managing Director and Chairman of Executive Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

Company Name

Thai President Foods PLC. Thanulux PLC. Textile Prestige PLC. Thai Wacoal PLC. Saha Pathanapibul PLC. I.C.C. International PLC. Saha Pathana Inter-Holding PLC. 36 -None-

S&J International Enterprises PLC. 11 -None-

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

Family Shares Relationship Education hold Between period (%) directors The Honorary Doctorate Degree in 1.73 Brothers Business Administration, Mr. Boonkiet 1972 - Present 1. Burapha University Chokwatana 1975 - Present 2. Thammasat University Chairman 1980 - Present 3. National Institution of Development 1990 - Present Administration 1994 - Present 4. University of the Thai Chamber 1995 - Present of Commerce 2004 - Present The Honorary Doctorate Degree in Engineering, Khon Kaen University Director Accreditation Program (DAP) 3/2003 Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association MBA, Clark University: Worcester, 0.21 -NoneMassachusetts, USA 1985 - Present Bachelor of Chemical Engineering Worcester Polytechnic Institute, Massachusetts, USA Director Accreditation Program (DAP) 3/2003 Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association

129

130 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

4. π“¬ —πμ‘ «‘≈“ »—°¥“ππ∑å ë °√√¡°“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

59 - ª√‘≠≠“«‘»«°√√¡»“ μ√¥ÿ…Ø’∫—≥±‘μ °‘μμ‘¡»—°¥‘Ï “¢“«‘»«°√√¡Õÿμ “À°“√ ¡À“«‘∑¬“≈—¬√“¡§”·Àß - ª√‘≠≠“ª√—™≠“¥ÿ…Æ’∫—≥±‘μ°‘μμ‘¡»—°¥‘Ï “¢“°“√®—¥°“√‡∑§‚π‚≈¬’ ¡À“«‘∑¬“≈—¬√“™¿—Øæ√–π§√ - ª√‘≠≠“‚∑ °“√∫—≠™’ §≥–æ“≥‘™¬»“ μ√å ·≈–°“√∫—≠™’ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - ª√‘≠≠“‚∑ °“√®—¥°“√ ∂“∫—π∫—≥±‘μ ∫√‘À“√∏ÿ√°‘® »»‘π∑√å ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - ª√‘≠≠“∫—μ√ «‘∑¬“≈—¬ªÑÕß°—π√“™Õ“≥“®—°√ À≈—° Ÿμ√¿“§√—∞√à«¡‡Õ°™π √ÿàπ∑’Ë 355 - À≈—° Ÿμ√ºŸâ∫√‘À“√√–¥—∫ Ÿß ∂“∫—π «‘∑¬“°“√μ≈“¥∑ÿπ μ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬ («μ∑. √ÿàπ∑’Ë 7) - À≈—° Ÿμ√ºŸâ∫√‘À“√√–¥—∫ Ÿß¥â“π°“√§â“·≈– °“√æ“≥‘™¬å √ÿàπ∑’Ë 1 ∂“∫—π«‘∑¬“°“√ °“√§â“ ¡À“«‘∑¬“≈—¬ÀÕ°“√§â“ - Director Accreditation Program (DAP) √ÿàπ 3/2003 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ 0.03

-‰¡à¡-’

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“ 2549 - °.æ 51. 2550 - ‡¡.¬ 51 2538 - ªí®®ÿ∫—π 2545 - ªí®®ÿ∫—π 2549 - ªí®®ÿ∫—π 2551 - ªí®®ÿ∫—π 2551 - 2552

μ”·Àπàß ¡“™‘° ¿“π‘μ‘∫—≠≠—μ‘·Ààß™“μ‘ °√√¡°“√ °√√¡°“√ °√√¡°“√ ª√–∏“π Õπÿ°√√¡°“√ √√À“∫√‘…—∑®¥∑–‡∫’¬π ∫√‘…∑— ®¥∑–‡∫’¬π °√√¡°“√Õ‘ √–

™◊ÕË Àπà«¬ß“π/∫√‘…∑—

°“√π‘§¡Õÿμ “À°√√¡·Ààßª√–‡∑»‰∑¬ ¿“ºŸâ àß ‘π§â“∑“ß‡√◊Õ·Ààßª√–‡∑»‰∑¬ ∫√√…—∑∫√‘À“√ ‘π∑√—æ¬å ‰∑¬ ¿“Õÿμ “À°√√¡·Ààßª√–‡∑»‰∑¬ μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ∫√‘…—∑ ™ÿ¡æ√Õÿμ “À°√√¡ πÈ”¡—πª“≈å¡ ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π)

2546 - ªí®®ÿ∫—π °√√¡°“√ºŸâ®—¥°“√„À≠à·≈– °√√¡°“√∫√‘À“√ 2548 - ªí®®ÿ∫—π °√√¡°“√Õ‘ √– ∫¡®. ∏π“§“√°√ÿß‰∑¬ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) ®”π«π 18 ·Ààß °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’

Name / Position

4. Mr. Santi Vilassakdanont ë Director ë Authorized Director

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

Family Past 5 years experiences Shares Relationship Age Education hold Between period Position Company Name (%) directors 59 - The Honorary Doctorate Degree in 0.03 -None- 2006 - Feb. 2008 Member of National Legislative Engineering (Industrial Engineering), Assembly Ramkhamhaeng University 2007 - Apr.2008 Chairman Industrial Estate Authority of Thailand - The Honorary Degree : Doctor of 1995 - Present Director Thai National Shippersû Council Philosophy (Technology Management), 2002 - Present Director Thai Asset Management Corporation Phranakorn Rajabhat University 2006 - Present Director The Federation of Thai Industries - Master of Accounting, Chulalongkorn 2008 - Present Nomination Committee of the The Stock Exchange of Thailand University Stock Exchange of Thailand - Master of Management (M.M.), Sasin Listed Companies Institute of Business Administration, 2008 - 2009 Independent Director Chumporn Industrial Palm Oil PLC. Chulalongkorn University 2003 - Present President and Executive Director Saha Pathana Inter-Holding PLC. - National Defence Joint Public / 2005 - Present Independent Director Krung Thai Bank PLC. Private Sector Course National Other Companies 18 Defence College of Thailand (non Listed Companies) - Capital Market Academy Leader Competitive Business related -NoneProgram; CMA 7, Capital Market to Companyûs Business Academy, The Stock Exchange of Thailand - Top Executive Program in Commerce and Trade; TEPCOT 1, Commerce Academy, University of the Thai Chamber of Commerce - Director Accreditation Program (DAP) 3/2003 Thai Institute of Directors Association

131

132 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

5. π“¬∑πß »√’®‘μ√å ë °√√¡°“√ ë °√√¡°“√∫√‘À“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

6. π“¬Õ—μ∂°√ °≈—Ëπ§«“¡¥’ ë °√√¡°“√ ë °√√¡°“√∫√‘À“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

7. π“¬«‘‚√®πå ∏’√«—≤πå«“∑’ ë °√√¡°“√ºŸâ®—¥°“√ ë °√√¡°“√∫√‘À“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

54 - ª√‘≠≠“μ√’ √—∞»“ μ√å ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 72/2006 - Finance for Non - Finance Director (FND) √ÿàπ 9/2004 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD) 61 - ª√‘≠≠“‡Õ° «‘™“‡Õ°«‘»«°√√¡‡§√◊ËÕß°≈ «‘™“‚∑ Operation Research University of Illinois@Urbaha ª√–‡∑» À√—∞Õ‡¡√‘°“ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD) 56 - ª√‘≠≠“μ√’«‘»«°√√¡»“ μ√å ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - Director Accreditation Program (DAP) √ÿàπ 12/2004 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“

μ”·Àπàß

™◊ÕË Àπà«¬ß“π/∫√‘…∑—

-‰¡à¡-’

∫√‘…∑— ®¥∑–‡∫’¬π 2539 - ªí®®ÿ∫—π °√√¡°“√ºŸâ™à«¬ºŸâ®—¥°“√„À≠à·≈– ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) °√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) ®”π«π 25 ·Ààß °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’

0.02

-‰¡à¡-’

∫√‘…∑— ®¥∑–‡∫’¬π 2534 - ªí®®ÿ∫—π °√√¡°“√√ÕßºŸâ®—¥°“√·≈– °√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

-‰¡à¡-’

∫√‘…—∑ ‡Õ ·Õπ¥å ‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å ®”°—¥ (¡À“™π) ®”π«π 9 ·Ààß -‰¡à¡-’

°‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) ®”π«π 2 ·Ààß °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’

Name / Position

5. Mr.Tanong Srichit ë Director ë Executive Director ë Authorized Director

Age

54 -

6. Mr. Atthakorn Glankwamdee ë Director ë Executive Director ë Authorized Director

61 -

7. Mr. Viroj Theeravatvatee ë Managing Director ë Executive Director ë Authorized Director

56 -

Past 5 years experiences Position

Company Name

Listed Companies First Executive Vice President Saha Pathana Inter-Holding PLC. Other Companies 25 (non Listed Companies) Competitive Business related to -NoneCompanyûs Business

Listed Companies Deputy Managing S&J International Enterprises PLC. Other Companies 9 (non Listed Companies) Competitive Business related to -NoneCompanyûs Business

Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

2 -None-

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

Family Shares Relationship Education hold Between period (%) directors Bachelor Degree in Political Science, -None-NoneChulalongkorn University 1996 - Present Director Accreditation Program (DAP) 3/2003 Director Certification Program (DCP) 72/2006 Finance for Non - Finance Director (FND) 9/2004 Thai Institute of Directors Association Ph.D. (Mechanical Engineering) 0.02 -NoneUniversity of Illinois at Urbana, U.S.A. 1991 - Present Director Accreditation Program (DAP) 3/2003 Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association Bachelor of Engineering (Mechanical -None-NoneEngineering), Chulalongkorn University Director Accreditation Program (DAP) 12/2004 Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association

133

134 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

9. π“¬∫ÿ≠ƒ∑∏‘Ï ¡À“¡πμ√’ ë °√√¡°“√ ë °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…∑—

10. π“¬πææ√ æß…å‡«™ ë °√√¡°“√Õ‘ √– ë ª√–∏“π°√√¡°“√μ√«® Õ∫ ë °√√¡°“√ √√À“·≈–°”Àπ¥ §à“μÕ∫·∑π

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

64 - ª√‘≠≠“‚∑ √.∫.(°“√ª°§√Õß) ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å - ª√‘≠≠“μ√’ √.∫. (°“√ª°§√Õß) ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å - Director Accreditation Program (DAP) √ÿàπ 41/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD) 64 - ª√‘≠≠“μ√’«‘∑¬“»“ μ√å∫—≥±‘μ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - Director Accreditation Program (DAP) √ÿàπ 3/2003 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD) 62 - ª√‘≠≠“‚∑ Oregon State University ∑“ß‡»√…∞»“ μ√å - ª√‘≠≠“μ√’ University of Oregon (‡»√…∞»“ μ√å) - Director Accreditation Program (DAP) - Director Certification Program (DCP) - Audit Committee Program (ACP) ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ -‰¡à¡-’

0.01

-‰¡à¡-’

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“

μ”·Àπàß

2547 - 2549 2545 - 2549

ª≈—¥°√–∑√«ß¡À“¥‰∑¬ Õ∏‘∫¥’°√¡°“√ª°§√Õß

∫√‘…∑— ®¥∑–‡∫’¬π 2547 - 2549 °√√¡°“√ 2550 - ªí®®ÿ∫—π °√√¡°“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ ∫√‘…∑— ®¥∑–‡∫’¬π 2542 - 2549 °√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫ 2529 - ªí®®ÿ∫—π °√√¡°“√

™◊ÕË Àπà«¬ß“π/∫√‘…∑— °√–∑√«ß¡À“¥‰∑¬ °√–∑√«ß¡À“¥‰∑¬

∫√‘…—∑ º≈‘μ‰øøÑ“√“™∫ÿ√’ ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π) ®”π«π 3 ·Ààß -‰¡à¡-’ ∫√‘…—∑ ∏πŸ≈—°…≥å ®”°—¥ (¡À“™π) ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π)

°‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) ®”π«π 1 ·Ààß °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’ -‰¡à¡-’

-‰¡à¡-’

2549 - ªí®®ÿ∫—π °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) -‰¡à¡-’ °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ -‰¡à¡-’

Name / Position

Age

Education

64 - M.A. in political Science,Thammasat University - B.A. in political Science,Thammasat University - Director Accreditation Program (DAP) 41/2005 Thai Institute of Directors Association

9. Mr. Boonyarith Mahamontri ë Director ë Authorized Director

64 - Bachelor of Science, Chulalongkorn University - Director Accreditation Program (DAP) 3/2003 - Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association

0.01

10. Mr. Nophorn Bhongsvej 62 - B.A. University of Oregon (ECON.) -Noneë Independent Director - M.S. Oregon State University (ECON.) ë Chairman of Audit Committee - Director Accreditation Program (DAP) ë Nomination and Remuneration - Director Certification Program (DCP) Director - Audit Committee Program (ACP) Thai Institute of Directors Association

-None-

Past 5 years experiences Position

Company Name

Permanent Secretary of the Ministry of Interior Ministry of Interior 2002 - 2006 Director-General of Department of Ministry of Interior Local Administration Listed Companies 2004 - 2006 Director Ratchaburi Electricity Generating Holding PLC. 2007 - Present Director Saha Pathanapibul PLC. Other Companies 3 (non Listed Companies) Competitive Business related to -NoneCompanyûs Business Listed Companies 1999 - 2006 Independent Director and Audit Thanulux PLC. 1986 - Present Director Saha Pathanapibul PLC. Committee Other Companies 2 (non Listed Companies) Competitive Business related -Noneto Companyûs Business Other Companies -None2006- Present (non Listed Companies) Competitive Business related to -NoneCompanyûs Business

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

8. Mr. Sujarit Patchimnun ë Director ë Executive Director ë Authorized Director

Family Shares Relationship hold Between period (%) directors -None-None- 2004 -2006

135

136 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

11. æ≈μ”√«®‡Õ° ¡™“¬ ª√–¿— ¿—°¥’ ë °√√¡°“√Õ‘ √– ë °√√¡°“√μ√«® Õ∫

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

67 - √—∞ª√–»“ π»“ μ√å¡À“∫—≥±‘μ (√ª.¡.) ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å - À≈—° Ÿμ√ ‡Õø.∫’.‰Õ √ÿàπ 93 (F.B.I.) ª√–‡∑» À√—∞Õ‡¡√‘°“ - ‚√ß‡√’¬π‡ π“∏‘°“√∑À“√∫° À≈—° Ÿμ√ ª√–®”™ÿ¥∑’Ë 53 - «‘∑¬“≈—¬ªÑÕß°—π√“™Õ“≥“®—°√ À≈—° Ÿμ√ °“√ªÑÕß°—π√“™Õ“≥“®—°√¿“§√—∞√à«¡ ‡Õ°™π √ÿàπ∑’Ë 6 - Director Accreditation Program (DAP) √ÿàπ∑’Ë 25/2004 - Director Certification Program (DCP) 51/2004 - Audit Committee Program (ACP) √ÿàπ∑’Ë 2/2004 - Role of The Chairman Program (RCP) √ÿàπ∑’Ë 12/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ -‰¡à¡-’

-‰¡à¡-’

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“ 2536 - 2539 2539 - 2540 2540 - 2543 2543 - 2545 2545 - 2545

μ”·Àπàß

√ÕßºŸâ∫—≠™“°“√μ”√«®π§√∫“≈ ºŸâ∫—≠™“°“√μ”√«®¿Ÿ∏√¿“§ 1 ºŸâ∫—≠™“°“√μ”√«®¿Ÿ∏√¿“§ 2 ºŸâ™à«¬ºŸâ∫—≠™“°“√μ”√«® ∑’Ëª√÷°…“ª√–®” ”π—°π“¬°√—∞¡πμ√’ ∫√‘…∑— ®¥∑–‡∫’¬π 2547 - 2549 °√√¡°“√Õ‘ √–·≈– ª√–∏“π°√√¡°“√μ√«® Õ∫ 2547 - ªí®®ÿ∫—π °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

™◊ÕË Àπà«¬ß“π/∫√‘…∑— ”π—°ß“πμ”√«®·Ààß™“μ‘ ”π—°ß“πμ”√«®·Ààß™“μ‘ ”π—°ß“πμ”√«®·Ààß™“μ‘ ”π—°ß“πμ”√«®·Ààß™“μ‘ ”π—°π“¬°√—∞¡πμ√’ ∫¡®. Õ ¡∑ ∫¡®. ‰Õ.´’.´’. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ -‰¡à¡-’ -‰¡à¡-’

Name / Position

Education

67 - Master of Public Adminstration (M.P.A.), National Institution of Development Administration - F.B.I. Academy, USA (Class 93) - Chief of the Army Guard Staff (Class 53) - National Defence College (Class 6) - Director Accreditation Program (DAP) 25/2004 - Director Certification Program (DCP) 51/2004 - Audit Committee Program(ACP) 2/2004 - Role of The Chairman Program (RCP) 12/2005 Thai Institute of Directors Association

-None-

Past 5 years experiences period 1993 - 1996

Position

Deputy Commissioner of Metropolitan Police 1996 - 1997 Commissioner of Provincial Police Region 1 Commissioner of Provincial Police Region 2 1997 - 2000 Assistance Commissioner General, Royal Thai Police 2000 - 2002 Advisor to the Office of the Prime Minister Listed Companies 2004 - 2006 Independent Director and Chairman of Audit Committee 2004 - Present Independent Director and Audit Committee Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

Company Name Metropolitan Police Metropolitan Police Metropolitan Police Metropolitan Police Office of the Prime Minister

MCOT PLC. I.C.C. International PLC. -None-None-

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

11. Pol. Gen. Somchai Prabhasabhakdi ë Independent Director ë Audit Committee

Age

Family Shares Relationship hold Between (%) directors

137

138 ™◊ËÕ- °ÿ≈ / μ”·Àπàß

12. π“¬Õ¡√ Õ—»«“π—π∑å ë °√√¡°“√Õ‘ √– ë °√√¡°“√μ√«® Õ∫

Õ“¬ÿ (ªï)

§ÿ≥«ÿ≤∑‘ “ß°“√»÷°…“

61 - ª√‘≠≠“‚∑ ∫√‘À“√∏ÿ√°‘® Bowling Green State University, Ohio, U.S.A. - ∫—≠™’∫—≠±‘μ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - Director Accreditation Program (DAP) √ÿàπ∑’Ë 3/2003 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD)

§«“¡ —¡æ—π∏å —¥ à«π°“√ ∑“ß§√Õ∫§√—« ∂◊ÕÀÿπâ „π √–À«à“ß ∫√‘…—∑ (%) ºŸâ∫√‘À“√ 0.10

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß ™à«ß‡«≈“

-‰¡à¡-’ 2545 - 2548 2542 - ªí®®ÿ∫—π 2545 - ªí®®ÿ∫—π 2545 - ªí®®ÿ∫—π 2548 - ªí®®ÿ∫—π 2548 - ªí®®ÿ∫—π

13. π“¬ ÿ√ß§å Õß§å‚¶…‘μ ë °√√¡°“√Õ‘ √– ë °√√¡°“√μ√«® Õ∫

14. π“¬π‘«—μ√ æ—≤π‡ ¡“°ÿ≈ ë °√√¡°“√Õ‘ √– ë °√√¡°“√μ√«® Õ∫

58 - ª√‘≠≠“‚∑ “¢“«‘»«°√√¡‡§√◊ËÕß°≈ Lamar University. Beaumont, Texas, ª√–‡∑» À√—∞Õ‡¡√‘°“ - ª√‘≠≠“μ√’ “¢“«‘»«°√√¡‡§√◊ËÕß°≈ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - Director Accreditation Program (DAP) √ÿàπ 12/2004 - Director Certification Program (DCP) √ÿàπ 68/2005 ®“° ¡“§¡ àß‡ √‘¡ ∂“∫—π °√√¡°“√∫√‘…—∑‰∑¬ (IOD) 61 - ª√‘≠≠“‚∑«‘»«°√√¡»“ μ√å “¢“«‘»«°√√¡·À≈àßπÈ” ∂“∫—π‡∑§‚π‚≈¬·Ààß‡Õ‡™’¬

-‰¡à¡-’

-‰¡à¡-’ 2551 - ªí®®ÿ∫—π

0.18

-‰¡à¡-’

2546 - 2549 2549 - 2551

μ”·Àπàß ∫√‘…∑— ®¥∑–‡∫’¬π °√√¡°“√Õ‘ √– ·≈–ª√–∏“π°√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈– ª√–∏“π°√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ °√√¡°“√Õ‘ √–·≈–°√√¡°“√ ∫√‘À“√§«“¡‡ ’¬Ë ß °√√¡°“√∫√‘À“√ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ ∫√‘…∑— ®¥∑–‡∫’¬π °√√¡°“√Õ‘ √–·≈– °√√¡°“√μ√«® Õ∫ °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

ºŸâÕ”π«¬°“√ΩÉ“¬«‘»«°√√¡æ≈—ßπÈ” ºŸâÕ”π«¬°“√ΩÉ“¬æ—≤π“∏ÿ√°‘® °‘®°“√Õ◊Ëπ (∑’Ë‰¡à„™à∫√‘…—∑®¥∑–‡∫’¬π) °‘®°“√∑’Ë·¢àß¢—π°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

™◊ÕË Àπà«¬ß“π/∫√‘…∑—

∫¡®. À‚§‡®π (™≈∫ÿ√’) ∫¡®. ‰Õ.´’.´’. Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ∫¡®. ª√–™“Õ“¿√≥å ∫¡®.ø“√åÕ’ ∑å ¥’¥’∫’ ∫¡®.°√ÿß‡∑æ‚ ¿≥ ∫¡®. ∏π“§“√∑À“√‰∑¬ ®”π«π 1 ·Ààß -‰¡à¡-’ ∫¡®. ‡Õ ·Õπ¥å ‡® Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ‡Õπ‡μÕ√å ‰æ√ å ®”π«π 1 ·Ààß -‰¡à¡-’

°“√‰øøÑ“ΩÉ“¬º≈‘μ °“√‰øøÑ“ΩÉ“¬º≈‘μ -‰¡à¡-’ -‰¡à¡-’

Name / Position 12. Mr. Amorn Asvanunt ë Independent Director ë Audit Committee

Age

Education

61 - B.Accountancy, Chulalongkorn University - MBA. Bowling Green State University, Ohio, U.S.A. - Director Accreditation Program (DAP) 3/2003 Thai Institute of Directors Association

Family Shares Relationship hold Between (%) directors 0.10 -None-

Past 5 years experiences period

2002 - 2005 1999 - Present 2002 - Present 2002 - Present

2005 - Present

13. Mr. Surong Ongkosit ë Independent Director ë Audit Committee

14. Mr. Niwat Patanasemakul ë Independent Director ë Audit Committee

58 - Master Degree (Mechanical), Lamar, -NoneUniversity, Beaumont, Texas, U.S.A. - Bachelor Degree (Mechanical), Chulalongkorn University - Director Accreditation Program (DAP) 68/2005 - Director Certification Program (DCP) 68/2005 Thai Institute of Directors Association 61 - Master of Engineering, 0.18 Water Resources Engineering, Asian Institute of Technology

-None2008 - Present

-None-

2006 - 2008 2003 - 2006

Listed Companies Chairman of Audit Committee Independent Director and Audit Committee Independent Director and Audit Committee Independent Director and Audit Committee Independent Director and Risk Management Committee Executive Director Other Companies (non Listed Companies) Competitive Business related to Companyûs Business Listed Companies Independent Director and Audit Committee Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

Director, Business Development Division Director, Hydropower Engineering Division Other Companies (non Listed Companies) Competitive Business related to Companyûs Business

Company Name

Sahacogen (Chonburi) PLC. I.C.C. International PLC. Peopleûs Garment PLC. Far East DDB PLC. Krungdhep Sophon PLC. Thai Military Bank PLC. 1 -None-

S&J International Enterprises PLC. 1 -None-

Electricity Generating Authority of Thailand Electricity Generating Authority of Thailand -None-None-

∫√‘…—∑ À‚§‡®π (™≈∫ÿ√’) ®”°—¥ (¡À“™π) Sahacogen (Chonburi) Public Company Limited

This annual report is printed on Green Series paper made from 100% Eco Fiber

2005 - Present

Position

139

140