Page 294 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Policy and method to determine remuneration of directors and executives
The Company determines remuneration of directors and executives by considering consistency with the key
organizational objectives and goals and long-term organizational benefits as well as appropriateness of salary
proportion and remuneration that corresponds to short-term and long-term operating results of the business, size
of business, responsibility of such persons, and comparing with remuneration of other listed companies in the same
business type and of similar size according to the recommendations of the Nominating and Remuneration Committee
in the form of monthly or quarterly remuneration, meeting allowance, and bonus. Currently, such remuneration structure
is appropriate for responsibility and ability to induce directors and executives to lead the organization’s operations to be
in alignment with the short-term and long-term goals, and comparable to the remuneration level applied in the industry.

Employee Joint Investment Program: EJIP
The Company has established Employee Joint Investment Program: EJIP, to enhance employee’s participation
as the owner of the Company, create incentives, and retaining personnel with the Company. The program takes
3 years, from 1 April 2021 - 31 March 2024. The employees who are eligible for the program must be executives
who are regular employees of Central Retail at Management 2 (equivalent to Assistant Vice President Level)
upwards with work period of more than 1 year and performance assessment results of the latest year as stipulated
by the Company. The Company will deduct 3 percent and 5 percent of base salary depending on position levels of
the eligible and voluntary employees until the completion of distribution period and use this amount to gradually
invest in the Company’s shares based on costs averaging. The Company will pay distributions in the amount
that is equal to the amount deducted from monthly salary of the program participants until the completion of period.

In 2021, Joint Investment Program between the Company and employees opened twice for applications,
and approximately 60% of the total number of executives eligible for this project have participated in the program.

Executives of the Subsidiaries Operating the Core Business

1. CDS

As of 31 December 2021, the management structure and a name list of CDS executives were as follows:

Chief Executive Officer – Department Store
Mr. Olivier Georges Bron

Store and Supply Omnichannel Human Strategy & PMO VVIP Director
Chain Director Director Resources Director Director

Dr. Piyapong Mrs. Justine Mr. Sirayos (Vacant Position) (1) Mrs. Charita
Thanyasrisung Bystrzejewski Manochayakorn Leelayudth

Customer Finance Director Concept & Merchandising
Director Design Director Director

Ms. Rvisra Ms. Nanteera (Vacant Position) (1) Mr. Laurent
Chirathivat Witwutisak Pauze

Remark: On the process of nominating a person to hold such position
(1)
See more details in Enclosure 1.3
294 Annual Report 2021 (Form 56-1 One-Report)