Prior to the transaction, MAKRO was mainly owned by Siam Makro Holding (Thailand) Limited (“MAKRO HOLDING”) and Orkam Holding Asia N.V. (“ORKAM’). The major shareholder of ORKAM was SHV Group. MAKRO HOLDING was the joint venture company among SHV Group and OHT Company Limited (“OHT”). In other words, SHV Group was the major shareholder of MAKRO.