Announcement • Apr 20

Electricity Generating Public Company Limited Announces Management Changes

Electricity Generating Public Company Limited at its board meeting held on April 12, 2024 announced appointment of Prasert Sinsukprasert as the Chairman, Pasu Loharjun as the Vice Chairman, effective immediately. Appointment and rotation of Members of Sub-Committees with effect on April 12, 2024 as follows: Prasert Sinsukprasert asmember of Investment Committee Pasu Loharjun asmember of Nomination and Remuneration Committee, andmember of Corporate Governance and Sustainability Committee Somkit Lertpaithoon asmember of Risk Oversight Committee, and member of Corporate Governance and Sustainability Committee Supanit Chaiyawat as member of Corporate Governance and Sustainability Committee Pisut Painmanakul as member of Corporate Governance and Sustainability Committee Nujchanart Laohathaimongkol as member of Nomination and Remuneration Committee, Acknowledgement of the resignation of Gumpanart Bumroonggit, and appointment of Patcharin Rapeepornpong as new director andmember of Nomination and Remuneration Committee to succeed Gumpanart Bumroonggit. The resignation and appointment will take effect on May 1, 2024, onwards; and Appointment of Ms. Jiraporn Sirikum as the President and the member of sub-committees, namely the Investment Committee, the Risk Oversight Committee, and the Corporate Governance and Sustainability Committee, with effect on May 1, 2024, onwards. The nominating procedure has followed transparency guidelines and adhered to the guidelines of the Nomination and Remuneration Committee and the Board of Directors, Appointment of Pisut Painmanakul asmember of Risk Oversight Committee, with effect on May 1, 2024. Positions these members remained unchanged: Prasert Sinsukprasert: Positions as of April 12, 2024: Chairman, Investment Committee member, Pasu Loharjun: Positions as of April 12, 2024: Chairman, Investment Committee member. Paisan Mahapunnaporn: Positions as of April 12, 2024: Independent Director, Chairman of Audit Committee, Nomination and Remuneration Committee Member, Anya Khanthavit: Positions as of April 12, 2024: Independent Director, Chairman of Risk Oversight Committee, Audit Committee Member, Somkit Lertpaithoon: Positions as of April 12, 2024: Independent Director, Risk Oversight Committee Member, Corporate Governance and Sustainability Committee Member. Supanit Chaiyawat: Positions as of April 12, 2024: Independent Director, Corporate Governance and Sustainability Committee Member. Nujchanart Laohathaimongkol: Positions as of April 12, 2024: Independent Director, Audit Committee Member, Nomination and Remuneration Committee member. Thepparat Theppitak: Positions as of April 12, 2024: Director, Investment Committee Member. Toshiro Kudama: Positions as of April 12, 2024: Director, Chairman of Nomination and Remuneration Committee. Shinsuke Nakayama: Positions as of April 12, 2024: Director, Investment Committee Member. Shinichiro Suzuki: Positions as of April 12, 2024: Director, Investment Committee Member. Yuichi Harada: Positions as of April 12, 2024: Director, Risk Oversight Committee Member. Positions of the these members have changed: Pisut Painmanakul: Positions as of April 12, 2024: Director, Corporate Governance and Sustainability Committee Member. Positions as of May 1, 2024: Director, Risk Oversight Committee Member, Corporate Governance and Sustainability Committee Member. Patcharin Rapeepornpong: Positions as of April 12, 2024: None. Positions as of May 1, 2024: Director, Nomination and Remuneration Committee Member. Ms. Jiraporn Sirikum: Positions as of April 12, 2024: Director, Risk Oversight Committee Member, Nomination and Remuneration Committee Member. Positions as of May 1, 2024: President, Risk Oversight Committee Member, Investment Committee Member, Corporate Governance and Sustainability Committee Member. Gumpanart Bumroonggit: Positions as of April 12, 2024: President, Risk Oversight Committee Member, Investment Committee Member, Corporate Governance and Sustainability Committee Member. Positions as of May 1, 2024: None. Prasert’s Age is 58 years. ? Education: Doctor of Philosophy in Energy Management and Policy, University of Pennsylvania, USA Master of Science in Energy Conversion, Power and Transmission, George Washington University, USA, Bachelor of Engineering in Electrical Engineering, Chulalongkorn University, 1.7 Experience in the past 5 years, 2023-Present: Permanent Secretary, Ministry of Energy, 20 February 2024 – Present: Chairman, Electricity Generating Authority of Thailand, 2022 February 2024: Director, PTT Public Company Limited, November December 2023: Chairman, PTT Public Company Limited, 2021-2022: Director, Thai Oil Public Company Limited, 2016-2021: Director, Bangchak Corporations Public Company Limited. Somkit’s Age is 64. ? Present occupation/Place of work Professor of Faculty of Law, Thammasat University. Education: Doctorate, (Droit Public Interne), The University Paris II, France, Degree of Profound Studies, (Droit Public Interne), The University Paris II, France, Bachelor of Law, Thammasat University, Barrister-at-Law, Institute of Legal Education Thai Bar Association, Certification in Local Government, Institut International d' Administration Publique (IIAP), France. Experience in the past 5 years: 2022 – Present: Chairman, Sky ICT Public Company Limited, 2018 Present: Independent Director and Chairman of the Corporate Governance and Sustainability Committee, PTT Global Chemical Public Company Limited 2017-2018: Independent Director and Member of the Enterprise Risk Management Committee, PTT Public Company Limited. Supanit’s age is 63 years, Present occupation/Place of work: Managing Director, Prabhavasu Co. Ltd. Education: Master of Business Administration, University of Pittsburgh, USA, Bachelor of Science Engineering, University of Wisconsin-Madison, USA, Experience in the past 5 years:, 2015-Present: Chairman, Arno's Group 2020 Co. Ltd. 2015-Present: Chief Executive Officer, Victor Morris (Thailand) Co. Ltd., 1998-Present: Managing Director, Prabhavasu Co. Ltd., 2014-2023: Independent Director, Member of the Audit Committee, Member of the Risk Management Committee, Sansiri Public Company Limited. pisut’s age is 46 years, ?Education: Ph.D. in Industrial Processes Engineering, INSA Toulouse, France, Master in Diplome d'Etude Approfondie, INSA Toulouse, France, Master in Diplome d'ingenieur, INSA Toulouse, France, Bachelor of Environmental Engineering, Chulalongkorn University, Work experience in the past 5 years: February 2024 – Present: Director, Electricity Generating Authority of Thailand, 2016-Present: Associate Dean-Innovation Strategy, Chulalongkorn University, 2022 2023: Director, Electricity Generating Authority of Thailand and 2019-2022: Director, National Housing Authority.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	5.7yrs
Board average tenure	2.4yrs

Name	Position	Tenure	Compensation	Ownership
Tawatchai Sumranwanich	President & Director	less than a year	฿160.00k	no data
Somkiat Suttiwanich	Chief Financial Officer	5.7yrs	no data	no data
Gumpanart Bumroonggit	Senior Executive Vice President of Operations	no data	no data	no data
Jodpong Tengtonwong	Executive Vice President of Accounting	no data	no data	no data
John Palumbo	Senior Executive Vice President of Business Development - International	no data	no data	no data
Ploy Suksrisomboon	Executive Vice President of Business Development (International) 1	no data	no data	no data
Sudrudee Lertkasem	Executive Vice President of Finance	7.7yrs	no data	no data
Thawat Hirancarukorn	Senior Executive Vice President of Operation Management	no data	no data	no data
Amornrat Jittavisuthikul	Senior Vice President Management & Analysis Accounting	5.7yrs	no data	no data
Surasak Ganjanakit	Senior Vice President of IPP Accounting	7.7yrs	no data	no data
Prasit Laohawirapap	Senior Executive Vice President of Business Development (Domestic)	no data	no data	no data
Kosol Siriwal	Executive Vice President	no data	no data	no data

Name	Position	Tenure	Compensation	Ownership
Tawatchai Sumranwanich	President & Director	1.1yrs	฿160.00k	no data
Somkit Lertpaithoon	Independent Director	2.4yrs	฿2.58m	no data
Pasu Loharjun	Independent Vice Chairman of Board & Lead Independent Director	8.4yrs	฿3.27m	0.00015% THB 101.9k
Supanit Chaiyawat	Independent Director	2.4yrs	฿2.08m	no data
Prasert Sinsukprasert	Chairman	2.4yrs	฿2.78m	no data
Pisut Painmanakul	Director	2.4yrs	฿2.58m	no data
Nujchanart Laohathaimongkol	Independent Director	4.4yrs	฿3.24m	no data
Shinichiro Suzuki	Director	4.4yrs	฿2.86m	no data
Patcharin Rapeepornpong	Director	2.3yrs	฿2.08m	0.000010% THB 6.8k
Christopher Starling	Director	1.7yrs	฿823.00k	no data
Toshihiro Oki	Director	1.2yrs	฿260.00k	no data
Teerawut Wetatham	Director	less than a year	฿250.00k	no data

Data	Last Updated (UTC time)
Company Analysis	2026/09/20 22:55
End of Day Share Price	2026/09/18 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
Nalinrat Kittikumpolrat	Asia Plus Securities Company Limited
Sirichai Chalokepunrat	BofA Global Research
Thanatthep Chantarakarn	Bualuang Securities PCL

Electricity Generating Management

Management criteria checks 2/4

Key information

Recent management updates

Electricity Generating Public Company Limited Announces Board Changes

Electricity Generating Public Company Limited Appoints Tawatchai Sumranwanich as Member of Investment Committee, Corporate Governance and Sustainability Committee and Risk Oversight Committee, Effective October 1, 2025

Electricity Generating Public Company Limited Announces Board and Committee Changes

Electricity Generating Public Company Limited Announces Executive Changes, Effective July 1, 2025

Electricity Generating Public Company Limited Announces Directorate Changes

Electricity Generating Public Company Limited, Annual General Meeting, Apr 11, 2025

Recent updates

Electricity Generating Public Company Limited (SET:EGCO) entered into purchase and sale agreement to acquire 45.05% stake in Astoria Energy II, LLC from Gulf Pacific Power, LLC and Harbert Power, LLC.

J-power Holdings (thailand) Co., Ltd. completed the acquisition of 49% stake in Banpong Utilities Company Limited from Electricity Generating Public Company Limited (SET: EGCO).

First half dividend of ฿3.25 announced

Consensus EPS estimates fall by 19%, revenue upgraded

New minor risk - Earnings quality

Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 7.6% to ฿142

First quarter 2026 earnings released: EPS: ฿1.66 (vs ฿6.79 in 1Q 2025)

New minor risk - Profit margin trend

Consensus EPS estimates fall by 10%, revenue upgraded

Electricity Generating Public Company Limited to Report Q3, 2026 Results on Nov 13, 2026

Final dividend of ฿3.25 announced

Consensus EPS estimates fall by 20%

Electricity Generating Public Company Limited to Report Fiscal Year 2025 Results on Feb 27, 2026

Third quarter 2025 earnings: EPS and revenues miss analyst expectations

Investor sentiment improves as stock rises 18%

Electricity Generating Public Company Limited Announces Board Changes

First half dividend of ฿3.25 announced

Electricity Generating Public Company Limited Appoints Tawatchai Sumranwanich as Member of Investment Committee, Corporate Governance and Sustainability Committee and Risk Oversight Committee, Effective October 1, 2025

Electricity Generating Public Company Limited Announces Interim Dividend for the Operating Period from 01 January 2025 to 30 June 2025, Payable on 19 September, 2025

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

Electricity Generating Public Company Limited Announces Board and Committee Changes

New major risk - Revenue and earnings growth

Electricity Generating Public Company Limited Announces Executive Changes, Effective July 1, 2025

Consensus EPS estimates increase by 10%

First quarter 2025 earnings released: EPS: ฿6.79 (vs ฿3.16 in 1Q 2024)

Electricity Generating Public Company Limited Announces Directorate Changes

Now 21% undervalued after recent price drop

Electricity Generating Public Company Limited to Report Q2, 2025 Results on Aug 14, 2025

Price target decreased by 7.6% to ฿128

Full year 2024 earnings: EPS and revenues miss analyst expectations

Electricity Generating Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025

Electricity Generating Public Company Limited, Annual General Meeting, Apr 11, 2025

Price target decreased by 7.4% to ฿138

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Third quarter 2024 earnings released: EPS: ฿4.68 (vs ฿4.51 in 3Q 2023)

Now 20% undervalued

First half dividend of ฿3.25 announced

Electricity Generating Public Company Limited Announces Dividend for the Operating Period from 01 January 2024 To 30 June 2024, Payable on September 27, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Electricity Generating Public Company Limited Approves Board and Committee Changes

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 9.1% to ฿149

Electricity Generating Public Company Limited Announces Management Changes

Electricity Generating Public Company Limited Approves Board Elections

Electricity Generating Public Company Limited Announces Executive Changes, Effective March 14, 2024

Electricity Generating Public Company Limited Approves Management Changes

Upcoming dividend of ฿3.25 per share

Final dividend of ฿3.25 announced

Full year 2023 earnings released: ฿15.93 loss per share (vs ฿5.10 profit in FY 2022)

Electricity Generating Public Company Limited Proposes Final Dividend for the Year 2023, Payable on April 25, 2024

Electricity Generating Public Company Limited to Report Q3, 2024 Results on Nov 13, 2024

Consensus revenue estimates decrease by 13%, EPS upgraded

Third quarter 2023 earnings: Revenues miss analyst expectations

Electricity Generating Public Company Limited Announces the Resignation of Kulit Sombatsiri as Chairman of the Board of Directors, Effective October 1, 2023

Upcoming dividend of ฿3.25 per share at 4.9% yield

Price target decreased by 8.0% to ฿171

Electricity Generating Public Company Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023

Consensus revenue estimates increase by 27%, EPS downgraded

Second quarter 2023 earnings released: EPS: ฿2.77 (vs ฿1.48 loss in 2Q 2022)

Electricity Generating Public Company Limited Announces Board Changes

Price target decreased by 12% to ฿186

Electricity Generating Public Company Limited Announces Executive Changes, Effective July 1, 2023

Consensus EPS estimates fall by 17%

First quarter 2023 earnings released: EPS: ฿3.84 (vs ฿7.82 in 1Q 2022)

Consensus revenue estimates increase by 11%

Upcoming dividend of ฿3.25 per share at 4.0% yield