News Detail

Date/Time
12 Jul 2019 17:05:00
Headline
Report on Litigation Update
Symbol
VCOM
Source
VCOM
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                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.
______________________________________________________________________
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