Page 176 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

(4) Controlling Power and Interests of HCDS which are Different
from Those of Other Shareholders

HCDS, who is the controlling shareholder, may have interests that are different from those of other shareholders.
As of 31 January 2022, HCDS, the controlling shareholder, held 35.1% of the total paid-up capital.
However, the Company cannot guarantee that HCDS will continue to hold such proportion of shares.
Also, HCDS has not yet been responsible providing financial assistance to the Company or exercising the right as
the Company’s shareholder for the maximum benefits of the Company or other shareholders. HCDS may have
the controlling power in the Company’s administration and management, especially the power to nominate
persons to be appointed as directors in the Annual General Meeting of Shareholder and as executives by
the Board of Directors. As of 31 December 2021, there were 9 directors appointed from the nomination by HCDS.

77 members of the Chirathivat family hold all the shares of HCDS, which is the company established
under Thai law. As of 31 January 2022, the major shareholders, including HCDS and the Chirathivat Family,
directly and indirectly held approximately 74.1% of the Company’s total paid-up capital.

2.2.3 Investment Risks Foreign Securities

-None-

176 Annual Report 2021 (Form 56-1 One-Report)