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Business Overview and Performance Corporate Governance Financial Statements Enclosure

1.3 Shareholding structure of the Group of Company

1.3.1 Shareholding structure of the Group of Company

Central Group was established in 1948 by Mr. Tiang Chirathivat (“Mr. Tiang”) which was a small family-run shop in
the city of Bangkok. In 1956, Mr. Samrit Chirathivat (“Mr. Samrit”), son of Mr. Tiang, expanded his father’s general
merchandise business with the establishment of the first Central Department Store in Bangkok’s Wangburapha
district. Both father and son, the group’s founders, were fully engaged in running the business, and were also
helped by other members of the family. Then, Central group expanded the business by the Chirathivat and hired
professional to operate the Company. After that, Central Group restructured to a holding company and listed in
the Stock Exchange of Thailand on February 2020 which Harng Central Department Store Co., Ltd. hoId the major
shareholder holding 35.06% of shares.

Central Retail ’s business is organized into 3 operating segments;

(1) Fashion, which focuses on apparel and accessories under portfolio of retail banners, for example,
Central Department Store, Robinson Department Store, Super Sports and Rinascente.

(2) Hardline, which focuses on electronics and home improvement under portfolio of retail banners, for example,
Thai Watsadu and Power Buy.

(3) Food, which focuses on groceries and items typically found in convenience stores under portfolio of retail banners,
for example, Tops, Central Food Hall, and Big C Vietnam. Each segment hosts a portfolio of retail banners under
which we sell a wide range of merchandise, and each of our retail banners is distinguished based on a variety of
characteristics.

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