Business Overview

Operated by BRR Green Holding Company Limited (“BGH”), Buriram Green Energy Co., Ltd. (“BGE”), BRR Innovation Renewable Technology Company Limited (“BIRT”) and Siphandone-Ratch Lao Company Limited (“SR”). BRR established a subsidiary and restructured its investment to expand its investment in biomass pellets business by establishing BRR Green Holding Co., Ltd. (BGH) on February 2, 2022 with a registered capital of 12 million baht to manage and support the investment in the Wood Pellet business, which has been restructured to allow BGH to hold shares in Buriram Green Energy Co., Ltd. (BGE) instead of BRR in the proportion of 55.60%. BGE operates in the business of investing in the production and distribution of Wood Pellet. Moreover, BGH holds a 25% shareholding in BRR Innovation Renewable Technology Co., Ltd. ("BIRT"), which operates a full-service engineering consultancy for the wood pellets industry.

The Company's main customer and target customer is Japan, where it is expected that Wood Pellet demand will grow at an average rate of 26% from 2021 to 2030, with Wood Pellet demand in Japan increasing 92% from 2021 at 2.60 million tons to 5 million tons in 2022 and is likely to increase every year.