Eastern Cogeneration Company Limited agreed to acquire 25% stake in SSUT Co., Ltd. from Eternal Energy Public Company Limited (SET:EE-R) for THB 1.2 billion on May 31, 2021. Eastern Cogeneration Company acquired 7,297,500 ordinary shares of SSUT at a price of THB 170.76 per share, or 25.00 percent of the total paid-up shares which is expected to transfer the shares by November, 2021. The board of Directors of Eastern Power Group Public Company Limited, the parent of Eastern Cogeneration Company Limited, approved the transaction. The transaction is subject to shareholders approval by Eternal Energy Public Company Limited and Eastern Cogeneration Company Limited. The shareholders of Eternal Energy approved the disposal of investment in SSUT during the Extraordinary General Meeting of Shareholders held on of August 4, 2021. Eternal Energy has not yet obtained all said consent letters and expects to receive them all within September 30, 2021. If the termination is not due to the fault of E-COGEN agree to be liable for damages to Eternal Energy Public Company Limited amounted to 1246.12 million THB. The Proceeds from the sale will be used for working capital of the Group and/or used as funds for development and/or expansion and/or investment in businesses in the Company's current business group related to agriculture. Silom Advisory Company Limited acted as financial advisor to Eternal Energy Public Company Limited. Eastern Cogeneration Company Limited completed the acquisition of 25% stake in SSUT Co., Ltd. from Eternal Energy Public Company Limited (SET:EE-R) on September 23, 2021. All the conditions have been fulfilled.