12 Jul 2019 17:05:00
Report on Litigation Update
To The President The Stock Exchange of Thailand We refer to the case filed by Telematics Co., Ltd. ("Telematics") against Vintcom Technology Public Limited Company ("the Company") to the Civil Court of Southern Bangkok, being the Black Case no. 207/2554 on charges of tort, under which Telematics had demanded for damage of approximately of Baht 120.12 million from the Company ("the Civil Case"). The Civil Court has made the decision to temporarily suspend this case, pending for judgment on the criminal case filed at the Criminal Court by Telematics against the Company, being the Black Criminal Case no. Aor. 4184/2555 Red Criminal Case no. Aor. 954/2559 on charges of offences without damage under the Computer-Related Crime Act B.E. 2550 (A.D. 2007) and the Act on Offences Committed by Government Officials B.E. 2502 (A.D. 1959) ("the Criminal Case"). These Court cases have arisen from the normal course of business of the Company, and they might adversely affect the assets of the Company, by an amount in excess of 5% of the Company's shareholders' equity per the financial statements for the period ending 31 March B.E. 2562 (A.D. 2019). The Court of Appeal has rendered the final judgment on the Criminal Case by upholding the judgement of the Court of First Instance, and thus dismissing such Criminal Case filed against the Company for the Company not having committed any offences under the Computer-Related Crime Act B.E. 2550 (A.D. 2007) and the Act on Offences Committed by Government Officials B.E. 2502 (A.D. 1959). In addition, Telematics has not been permitted to file an appeal to the Supreme Court. The Company will further report the judgment made by the Court of Appeal to the Civil Court of Southern Bangkok for further litigation proceeding. Progress will be updated. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.