On March 12, 2021, the Boards of Directors of Public CompaniesCyprus Trading Corporation Plc, Ermes Department Stores Plc and Woolworth (Cyprus) Properties Plc, decided to proceed to the appointment of a CTC Management Board, with the task of ensuring and monitoring the implementation of the strategy and decisions of the Boards of Directors, assessing the risks and potential returns, referring issues to the Boards of Directors and overviewing the Group's operations. The CTC Management Board will closely cooperate and consult with the management of all the Companies of the Group, while reinforcing teamwork. The CTC Management Board is comprised of: Demetris Demetriou (Chairman), George Louca, Eleni Shacola, Chrysoula Shacola, Christakis Charalambous and Stephos Stephanides (also members of the Boards of Directors).