Page 330 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Remuneration for fiscal year ended 31 December 2021
LR
As of 31 December 2021, the Board of Directors of LR consisted of 7 directors as follows:
Name Position
1. Mr. Sudhitham Chirathivat Chairman of the Board of Director

2. Mr. Prin Chirathivat Director
3. Mr. Tos Chirathivat Director
4. Mrs. Yuwadee Chirathivat Director

5. Mr. Pierluigi Cocchini Director
6. Mr. Vittorio Radice Director
7. Mr. Stefano Della Valle Director

Director Remuneration
(1) Monetary Remuneration
For the year ended 31 December 2021, LR paid total remuneration of approximately €1,047,825.21 to 2 directors,
Mr. Vittorio Radice and Mr. Stefano Della Valle under the Consultancy Agreement and Directorship Agreement
for the performance of duties as directors.

(2) Other Remuneration
For the year ended 31 December 2021, LR paid other remuneration to 3 directors under the Directorship Agreement
in the forms of accommodation, travel, and insurance expenses.

8.1.3 Supervision and Governance of Subsidiaries and Associates

Definitions

“Company” and “Parent Company” refers to Central Retail Corporation Public Company Limited.

“Company Operating the Core Business” refers to a Central Subsidiary, an Independent Subsidiary Operating
the Core Business, all Subsidiaries and Associates operating the core business, and subject to the Notification of
the Capital Market Supervisory Board No. TorJor. 39/2559 Re: Application for Approval and Granting of Approval
for Offering of Newly Issued Shares (as amended), unless stated otherwise in this document.

“Central Subsidiary” refers to a Subsidiary that functions as the governance center of each business group of the
Parent Company by supervising and governing the business operations of the Subsidiaries and Associates under it.

“Subsidiary or Associate under Central Subsidiary” refers to a Subsidiary or an Associate which operates the core
business under the governance of a Central Subsidiary.

“Independent Subsidiary Operating the Core Business” refers to a Subsidiary operating the core business which
is under the direct supervision of the Parent Company.

“Subsidiary under the Direct Supervision of the Company” refers to the Central Subsidiaries and the Independent
Subsidiaries Operating the Core Business.

“Subsidiary” and “Associate” refer to a subsidiary and an associate as defined in the Notification of the Securities

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