CentralWorld Company Limited entered into memorandum of understanding to acquire 30.36% stake in Siam Future Development Public Company Limited (SET:SF) from Major Cineplex Group Public Company Limited (SET:MAJOR) for THB 7.8 billion on July 5, 2021. It is expected that CentralWorld Company Limited will enter into a share sale and purchase agreement within 30 days after entering into the memorandum of understanding. As of August 25, 2021, Major Cineplex Group Public Company and CentralWorld Company Limited signed a share sale and purchase agreement. The consideration will be paid in cash. Pursuant to the terms of the transaction, CentralWorld Company Limited will acquire around 647 million shares in Siam Future Development Public Company Limited for THB 12 per share. The transaction will be funded from loan. After the completion of the share sale and purchase agreement, CentralWorld Company Limited is obliged to make a tender offer for the remaining shares in Siam Future Development Public Company Limited. After the tender offer, CentralWorld Company Limited is under the study which has not reached a conclusion on delisting of SF from being a listed company in the Stock Exchange of Thailand (“SET”). The transaction will be notified to the shareholders of CentralWorld Company Limited for deliberation. The transaction has been approved by the Board of Directors of Central Pattana Public Company Limited. The transaction is subject to Major Cineplex Group Public Company shareholders approval, The Company has obtained the necessary waivers or permissions from the Stock Exchange of Thailand, The Purchaser is satisfied with the due diligence results of the group companies affiliated with SF. If any of the conditions are not satisfied the parties will mutually terminate the agreement. The transaction is expected to complete by August 30, 2021. The transaction is expected to complete by the end of August 2021. The share purchase agreement will be concluded by August 30, 2021. The transaction will strengthen the financial capacity and expand the cash flow base of Central Pattana Public Company Limited, thereby boosting sustainable returns for the benefit of shareholders for a long-term period.

CentralWorld Company Limited completed the acquisition of 30.36% stake in Siam Future Development Public Company Limited (SET:SF) from Major Cineplex Group Public Company Limited (SET:MAJOR) on August 30, 2021. Post completion, CentralWorld Company Limited holds 52.15% stake and Central Pattana Public Company holds 4.11% stake in SF. Therefore, Central World is required to make a tender offer for the remaining shares in SF with the amount of 932,550,343shares (equal to 43.74% of the total issued and outstanding shares of SF) at the same price as that of the purchase price of THB 12 per share. After the tender offer, CentralWorld Company Limited has a planto delist SF from being a listed company in the SET.