Enerray UAC (Thailand) Co., Ltd. (“Enerray UAC”), is a joint venture between ENERRAY S.p.A (“ENERRAY”), Italy and UAC Energy Co., Ltd., of with UAC Energy holding 49%, ENERRAY holding 25% and a legal consulting firm holding 26%. Enerray UAC was established on March 15, 2016 with an initial registered capital of Baht 6 million to engage in business of construction of solar power plant and provision of O&M services in Thailand and countries in Southeast Asia.