To extend the entertainment business completely the Company co-invested in various businesses, details of which as at the end of 2022 were as follows.

Associate/joint venture
(Recognized by equity method)		 Shareholding ratio Company’s policy on operation distribution in the Group
1. Ratchayothin Avenue Co., Ltd. 50.00% Rental space Building business and utilities.
2. Major Cineplex Lifestyle Leasehold Property Fund (“MJLF”) 33.00%

Rental space and service business.

In June 2007 the Company had a significant development i.e., successful establishment of Major Cineplex Lifestyle Leasehold Property Fund (MJLF), which was a fund investing in leasehold of lands and buildings in Major Cineplex Ratchyothin and Major Cineplex Rangsit Projects, with total value of 2,300 million Baht, listed in Stock Exchange of Thailand. The Company held 33 per cent of the shares of said Fund. The Company used profits earned from sale of the Fund to invest in new standalone branches on Rattanathibet Road and Major Avenue Ratchayothin Trade Center, jointly with Siam Future Development PCL at a ratio of 50 per cent each.
3. Thai Ticket Major Co., Ltd. 20.04%

Distribute tickets for sports, concerts and other events.

In June 2007 the Company invested at a ratio of 40 per cent in Thai Ticket Master Com Co., Ltd., which later changed its name to Thai Ticket Major Co., Ltd., to help expanding the Company’s work to become distributing agent for tickets of various shows, and to utilize assets available to generate optimal benefits, by using movie ticketing outlets for distributing of tickets for various shows, such as concerts, sports and bus tickets etc. The movie ticketing outs were, therefore, utilized to generate optimal benefits, and Thai Ticket Major also helped attracting more clients to visit the Trade Center.

On June 22, 2022, the Company has resolved to approve the Acquisition and Disposition of Assets by entering into a memorandum concerning the trading of shares of Thai Ticket Major Company Limited (TTM) For the sale of 200,000 ordinary shares held in Thai Ticket Major Company Limited or 19.96% of the total issued shares to TICKETMASTER EUROPE HOLDCO LTD.
4. CJ Major Entertainment Co., Ltd. 49.00%

Film production and distribution, domestically and overseas.

On 9 March 2016, the Company cooperated as business partner with CJ E&M Co., Ltd., which was the largest film producer and distributor in Korea and dealing with complete entertainment media business, to establish CJ Major Entertainment Co., Ltd. with registered capital of 70 million Baht, divided into 7,000 ordinary shares with a par value of 10,000 Baht/share, comprising:

  1. Major Cineplex Group PCL held 49.00 per cent of the investment, amounting to 34.3 million Baht.
  2. CH Holding Limited held 49.00 per cent of the investment, amounting to 34.3 million Baht.
  3. Minor shareholders held 2 per cent of the investment, amounting to 1.4 million Baht.

The first film production was “20 Mai U Turn We Hua Jai Return”, released in December 2016).