AQ Estate Public : Progress reports of civil case of AQ Estate Public Company Limited

-Translation-

SET.	/ 022
	July 2022
Subject:	Progress reports of civil case of AQ Estate Public Company Limited
To:	The President
	The Stock Exchange of Thailand
	On 25 September 2019, AQ Estate Plc. (Plaintiff) filed a lawsuit against Krungthai Bank Plc. (Defendant) in a civil case

requesting Krungthai Bank to change its financial statements for the first quarter of 2019, in which the proceeds received from the auction of the secured land, in the amount of 3,898.70 million baht, be recorded as damages in the case of the Supreme Court's Criminal Division for Persons Holding Political Positions. The Court scheduled the date for litigation or prosecution witnesses on 18

November 2019. All defendants requested permission to extend their testimony until 24 February , and on February , defendants applied for an extension of a further 30 days to file their testimony. The court granted the postponement, and rescheduled

to	April	. Due to the outbreak of	Coronavirus (COVID-	), the court canceled the appointment and made a new appointment
for settlement of issues on 30 September 2020. On	September	, thirteen defense attorneys requested the plaintiff's attorney to
withdraw the lawsuit against the nd to	th defendants as the director of the st defendant would act on their behalf. The plaintiff's

attorney accepted the matter to propose the plaintiff's management by making an appointment for settlement of issues or a legal

decision on November . On this day, the defense attorney requested to postpone because Krungthai Bank has been determined by the Office of the Council of State as not being a state enterprise. Therefore, the problem is that the prosecutor officer

could defend as the defendant for all	defendants or not and Plaintiffs are discussing ways to compromise the debt to the defendant,
therefore does not oppose the postponement of appointment for settlement of issues to	February	. On the day, he court

postponed the settlement of issues to 14 June 2021. The court again postponed the settlement of issues to 13 September 2021, and again on this day the court postponed the settlement of issues to 27 October 2021. Today the court determined that the plaintiff's witness hearings would be on March 22-23,2022 and the defendant's witness hearings would be on March 24, 29-31, 2022. At present, the plaintiff's witnesses have been successfully investigated, and some of the defendant's witnesses were successfully investigated. The remainder of the defendant's witness examination was scheduled to be investigated on May 24, 2022, and the rest of the defendants' witness testimony to be on June 30, 2022. Today the court has concluded its examination of the defendant's witnesses and have scheduled to hear the judgement on September 23, 2022.

The Committee agreed to await the outcome of the civil case above. If there is any progress in such case, the Company will continue to report the progress to shareholders and investors through the SET system.

Please be informed accordingly.

Yours Sincerely,
(Mr. Chamnarn Wangtal)	(Mr. Michael A. W. Fernandez)
Director	Director