Bangkok, 20 October 2025 – Central Retail Corporation Public Company Limited or CRC has successfully issued and offered its inaugural Green Bond, becoming the first company in Thailand’s retail and wholesale sector to undertake such an issuance. The proceeds will be used to invest in renewable energy projects, reaffirming CRC’s commitment to Retail and Wholesale for All — a business dedicated to driving inclusive and sustainable growth together with all stakeholders. In addition to the Green Bond, CRC also offered two tranches of conventional bonds to institutional investors, bringing the total issue size to THB 7.5 billion.

The three bond tranches — with tenors ranging from 3 to 5 years and coupon rates* between 1.63% and 1.93% — garnered overwhelming demand from leading institutional investors, with total subscriptions exceeding THB 30 billion, or more than four times the offering amount. The issuance comprises THB 1 billion in Green Bonds and THB 6.5 billion in conventional bonds, underscoring investor confidence in CRC’s strong, stable, and credible position as a retail and wholesale industry leader — both financially and in its sustainability performance. Most recently, on 7 October 2025, CRC received an “AA–” credit rating with a Stable outlook from TRIS Rating, maintaining the same rating for the third consecutive year. In 2024, CRC was also recognised as one of the global leaders in the Dow Jones Sustainability Index (DJSI) by S&P Global, ranking among the Top 3 of 466 retail companies worldwide with a score of 84 points. CRC has been a constituent of the DJSI World Index for two consecutive years and the DJSI Emerging Markets Index for three consecutive years. Domestically, CRC has also been included in the SET ESG Ratings for four consecutive years, achieving an “AA” rating from the Stock Exchange of Thailand — reinforcing its position as a truly sustainable stock, recognised on both local and global stages.

Mr. Panet Mahankanurak, Chief Financial Officer of Central Retail Corporation Public Company Limited, stated, “CRC’s first Green Bond issuance, together with two tranches of conventional bonds, received an excellent response from investors, with total subscriptions exceeding four times the offering size. This significant milestone underscores CRC’s commitment to driving the organisation towards becoming a Retail and Wholesale for All — growing together through the business philosophy of CRC Care. The THB 1 billion Green Bond issuance complies with CRC’s Sustainable Finance Framework and has been reviewed and certified by DNV (Thailand) Co., Ltd. as the external independent verifier (Second Party Opinion). The proceeds from the Green Bond will be used to refinance or reimburse prior investments in renewable energy projects, particularly solar energy installations on the rooftops of Central Department Store, Robinson Department Store, TOPS, Thaiwatsadu, and Robinson Lifestyle Mall. These projects aim to increase the proportion of clean energy consumption and play a vital role in advancing CRC’s ReNEW environmental strategy. The solar installations are expected to generate more than 90,000 MWh of electricity annually — equivalent to reducing over 45,000 tons of greenhouse gas emissions each year. Meanwhile, the THB 6.5 billion proceeds from the two conventional bond tranches will be used to repay part of the Company’s existing bank loans.

This bond issuance forms part of CRC’s long-term financial strategy to mitigate exposure to future interest rate volatility by optimising its debt structure — shifting from short-term to long-term financingand balancing fixed and floating interest rates. This approach enables CRC to manage financing costs efficiently, strengthen its capital structure, and enhance financial flexibility to support sustainable business growth over the long term.”

“On behalf of Central Retail, I would like to thank all investors for their trust and participation in our first Green Bond and other bond offerings, as well as the lead arrangers — Bangkok Bank, Bank of Ayudhya, and KASIKORNBANK — whose contributions were instrumental in making this issuance a great success. CRC remains committed to advancing its business while creating long-term sustainable value for society, with the goal of achieving Net Zero greenhouse gas emissions by 2050,” Mr. Panet concluded.

*Remark: The offering comprises three tranches:

• Tranche 1: 3-year Zero Coupon Bond with a discount rate of 1.63% per annum
• Tranche 2: 4 years 11 months Green Bond with an interest rate of 1.83% per annum
• Tranche 3: 5-year Bond with an interest rate of 1.93% per annum

CRC appointed Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, and KASIKORNBANK Public Company Limited as joint lead arrangers, with Bank of Ayudhya also serving as the Sustainability Structuring Advisor for this issuance.