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Investor Presentaiton

Ashita Power 2 Project Details: Leo (phase#2) 17.0 MW Yamaga C Project Project Leo Details Business Type : Solar power plant 31 SERMSANG POWER CORPORATION Project Owner Investment Type Investment Percentage : Ashita Power 2 (GK Company) : Through SEG, as TK Investor, under GK-TK Investment Structure : 100.0% : 1,413 1,460 KWh/sq.m./annum Solar Irradiation* Location : Shizuoka, Japan Installed/PPA MW : 22/17.0 MW (Phase#2) Solar Cell Technology : Land Details : Polycrystalline Silicon Approximately: 750 rais (surface right) Yamaga C Project Project Status : Under Development Target Financial close : End of Sep-2022 Target SCOD date : Q4-2024 Power Purchaser : Tokyo Electric Power Co., Inc Purchase Price : Purchase Term : Under Fit Scheme of JPY 36/KWh 17 years Tax Incentive GK-TK Structure • TK distribution of GK Company to TK investor can be used as tax deductible expense at GK Company level *Source: (i) New Energy and Industrial Technology Development Organization (ii) Power Plant Analysis Report, Mitsui Chemicals Inc.
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