Central Retail Corporation Public Company Limited ("the Company") announced establishment of a new subsidiary which has paid for capital on 30 May 2022, details as follows: Name of a newly established subsidiary Central Retail Investment Limited ("CRI"). Type of business: Holding Company. Paid-up capital: EUR 120,000,000.

Shareholding structure: the Company holds 100%. Source of fund Loans from local banks: Director: 1. Mr. Tos Chirathivat, Mr. Prin Chirathivat, Ms. Sukulaya Uahwatanasakul, Mr. Ty Chirathivat. CRI will lend the proceeds to CRC Rinascente S.p.A., a subsidiary of the Company, which will be used to pay off bank loans that are due.