The Company has invested in six subsidiary companies both direct and indirect shareholding exceeding 50 percent of the paid-up capital, in one associated company with a direct shareholding of 49 percent of the paid-up capital, and another associated company with direct shareholding of 10 percent of the paid-up shares according to the investment structure and profile of each company as at December 31, 2023 below.

Investment Structure
Overall Business Structure

Details of Subsidiary Company Registered in Thailand

THAI AGRO ENERGY PUBLIC CO., LTD.
Location: 888/114 Mahathun Plaza Building, 11th Floor, Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330
Tel.: 02-627-3890-94, Fax: 02-627-3888-89
Type of Business: Listed company in the Stock Exchange of Thailand with a business of Production and Distribution of Ethanol-for-Fuel (99.5% Anhydrous Alcohol by volume) The ethanol is a clean fuel used in 10%, 20% and 85% mixture as Gasohol E10, E20 and E85 for automobiles.
Registered Capital: 1,000,000,000 ordinary shares at Baht 1 per share totaling Baht 1,000,000,000
Paid-up Capital: 1,000,000,000 ordinary shares at Baht 1 per share totaling Baht 1,000,000,000
Company’s Shareholding: 510,000,000 ordinary shares at Baht 1 per share totaling Baht 510,000,000
Shareholding Proportion: Direct shareholding of 51 percent of paid up capital
LANNA POWER GENERATION CO., LTD.
Location: 888/98 Mahathun Plaza Building, 9th Floor, Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330
Tel.: 02-252-4469, Fax: 02-255-2676
Type of Business: Investment and service in renewable energy business
Registered Capital: 60,000,000 ordinary shares at Baht 5 per share totaling Baht 300,000,000
Paid-up Capital: 60,000,000 ordinary shares at Baht 5 per share totaling Baht 300,000,000
Company’s Shareholding: 59,999,910 ordinary shares at Baht 5 per share totaling Baht 299,999,560
Shareholding Proportion: Direct shareholding of 99.99985 percent of the paid-up capital

Details of Associated Company Registered in Singapore

UNITED BULK SHIPPING PTE. LTD.
Location: 7 Temasek Boulevard #16-01, Suntec Tower One, Singapore 038987
Tel.: (65) 6305-7368, Fax: (65) 6238-1301
Type of Business: Ocean Freight Shipping
Registered Capital: 1,000,000 ordinary shares at USD 0.71429 per share totaling USD 714,290
Paid-up Capital: 100,000 ordinary shares at USD 0.71429 per share totaling USD 71,429
Company’s Shareholding: 49,000 ordinary shares at USD 0.71429 per share totaling USD 35,000
Shareholding Proportion: Direct shareholding of 49 percent of the paid-up capital

Details of Subsidiary Companies Registered in Indonesia

PT. SINGLURUS PRATAMA
Location: Sentral Senayan I, 5th Floor, Unit 105B, Jl. Asia Afrika No.8, Gelora Bung Karno Jakarta Pusat 10270, Indonesia
Tel.: 62(21) 572-5725
Type of Business: Coal Production and Distribution
Registered Capital: 10,500 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 10,500,000,000
Paid-up Capital: 10,500 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 10,500,000,000
Company’s Shareholding: 6,825 ordinary shares at Indonesian Rupiah 1,000,000 per share totaling Indonesian Rupiah 6,825,000,000
Shareholding Proportion: Direct shareholding of 65 percent of the paid-up capital
PT. LANNA HARITA INDONESIA
Location: Sentral Senayan I, 5th Floor, Unit 105B, Jl. Asia Afrika No.8, Gelora Bung Karno Jakarta Pusat 10270, Indonesia
Tel.: 62(21) 572-5727
Type of Business: Coal Production and Distribution
Registered Capital: 10,500 ordinary shares at USD 1,000 per share totaling USD 10,500,000
Paid-up Capital: 8,000 ordinary shares at USD 1,000 per share totaling USD 8,000,000
Company’s Shareholding: 4,400 ordinary shares at USD 1,000 per share totaling USD 4,400,000
Shareholding Proportion: Direct shareholding of 55 percent of the paid-up capital
PT. PESONA KHATULISTIWA NUSANTARA
Location: Equity Tower, 29th Floor, Jl. Jend Sudirman, Kav 52-53 SCBD Lot 9, Senayan, Kebayoran Baru, Jakarta Selatan 12190 Indonesia
Tel.: 62(21) 515-1591, Fax: 62(21) 515-5363
Type of Business: Coal Production and Distribution
Registered Capital: 615,546,524 ordinary shares totaling USD 40,911,071
Paid-up Capital: 615,546,524 ordinary shares totaling USD 40,911,071
Company’s Shareholding: 61,554,652 ordinary shares totaling USD 1,817,431
Shareholding Proportion: Direct shareholding of 10 percent of the paid-up shares