CP Axtra Public Company Limited announced that the company's board of directors' Meeting held on 8 November 2023, has resolved to approve the connected transaction relating to trademark and service mark license agreement between the company and CP All Public Company Limited as follows: Date of Transaction: 1 January 2024. Parties involved: Licensor: CP All Public Company Limited (CPALL); Licensee: CP Axtra Public Company Limited (the Company). Type of Relationship: CPALL is a major shareholder, holding over 10% of the Company's shares.

Type of Transaction: The company is granted the right to use trademarks and service marks for a period of 1 year. The agreement renewal shall be made each year continuously and it is necessary to enter into this transaction because the company will use the trademarks such as "makro", "aro", etc. in operating the businesses including the store layout, product display, and the business management.

If there is any development of a new store layout of "makro" in any country, the company will obtain knowledge and technique of the business operation resulting in efficiency in the business operation. Total Value of Consideration: The company pays loyalty fee of 0.5% of the total gross sales of the first 10 Makro stores or equal to THB 213.4 million.