The Erawan Group Public Company Limited announced management changes. Mrs. Kamonwan Wipulakorn, a President of the Company, will retire according to the Company's working regulation, effective on December 31, 2017 onward. The Board of Directors has considered in accordance with the Company's succession plan which has been in place since 2014 and the Board of Directors at the meeting no.5/2017 held on November 14, 2017 has made the relevant resolutions as follows: Acknowledge the retirement of Mrs. Kamonwan Wipulakorn effective on December 31, 2017 onward.

She will remain the director of the Company until the completion of her term of service. Appoint Mrs. Kamonwan Wipulakorn as the advisory to the Strategic and Investment Committee and the advisory to the Management Development and Compensation Committee effective on January 1, 2018 onward. Appoint Mr. Petch Krainukul, a Senior Executive Vice President of the Company, to be President of the Company effective on January 1, 2018 onward.