Charoen Pokphand Group clarification on news article

May 11, 2019

With reference to the article, “Who will be Thailand’s next prime minister?  Billionaire Dhanin Chearavanont of C.P. Group might have an idea,” We are disappointed that C.P. Group was not approached for comments.  The article was misleading.  We take this opportunity to clarify that Senior Chairman Dhanin Chearavanont's recent resignation as Chairman of the boards for both CPF and CP All is part of a gradual succession management process.  He is now 80 years old.  It is therefore not as the article suggested for Senior Chairman Dhanin to pursue a political career in any form.