PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 109 Under the Equity Contribution and Shareholders Support Agreement between the Company and a subsidiary, the Company will provide financial support in case of occurrence of cash deficiency to a subsidiary according to its shareholding interest not exceeding Baht 410.50 million. In February 2023, the Company has paid for additional paid-up capital of Baht 410.50 million to a subsidiary under this agreement in full amount. Utilities and Other Services Agreements with minimum purchase quantity The Group has 25 utilities and other services agreements which have minimum purchase quantity with other parties. These agreements are for the periods from 3 years to 30 years, commencing from the date as specified in each agreement and expiring in December 2024 to March 2036. The minimum purchase quantity, the selling price of products and the renewal of the contract will be subject as specified in the agreements. 28 Litigations (a) Oil spill incident legal case During the third quarter of 2014, a number of people in Rayong filed several lawsuits with the Civil Court and the Rayong Provincial Court against the Company to claim extra compensation from an oil spill incident and to perform the rehabilitation of the sea and natural environmental recovery. Some cases were dismissed and some cases had been passed a judgement by the Civil Court on 25 August 2016 which ordered the Company to compensate for damages including interest and rehabilitation of approximately Baht 11.26 million. The Company has appealed on 17 February 2017. Subsequently, on 11 May 2018, the Company made compromise agreements with the majority of plaintiffs at the Civil Court. On 20 December 2018, the Court of Appeal passed the judgement according to the compromise agreements for which the Company had already paid compensation in full amount. For the remaining plaintiffs, the Court of Appeal ordered the Company to pay compensation with interest according to the judgement of the Court of First Instance and reduced the amount of interest. The Company has paid the compensation to all plaintiffs completely and no petition was submitted to Supreme Court by any plaintiffs. This case has become final. For the case at Rayong Provincial Court, on 28 September 2018, the Court made a judgement ordering the Company to pay damage costs with interest of approximately Bath 38 million by deducting the remedy payment paid to the plaintiffs of Baht 24 million. The Company deposited the remaining damage costs with interest with the Rayong Provincial Court on 25 February 2019. Some plaintiffs filed an appeal with the Rayong Provincial Court and the Company filed an answer to the appeal with the Rayong Provincial Court on 2 October 2019. Subsequently, on September 1, 2020, the Court of Appeal Region 2 passed the judgement ordering the Company to pay additional damages including interest to the plaintiffs. The Company deposited the additional amount of Baht 25 million to Rayong Provincial Court on 30 September 2020, which was to cover the additional damages ordered under the judgement. Afterwards, on 14 October 2020, the Rayong Provincial Court set an appointment to hear the judgement or the order of the Court of Appeal Region 2 on 26 November 2020. Then, the plaintiffs filed the Dika appeal period on 1 March 2021. The Supreme Court issued an order accepting the Dika appeal of the plaintiffs on 2 March 2022 and sent a copy of Dika appeal to the Company on 19 March 2022. The Company filed an answer to the Dika appeal on 13 September 2022. The case is currently under the trial by the Supreme Court. Thereafter, on 28 July 2023, the Company received a related summons and a copy of the civil plaint which the Department of National Parks, Wildlife and Plant Conservation filed against the Company to Rayong Provincial Court regarding tort causing damage to natural recourses and claim for damages. The plaintiff claimed that the oil spill incident in 2013 caused damage to the plaintiff. The Company and legal advisor of the Company considered relevant facts, evidence and laws and are of the opinion that the Company had remedied and compensated for the damage and the natural resources and environment had been restored after the incident, therefore, the Company should not have liability as claimed. Accordingly, the Company has not recorded any provision for any losses resulting from such case. 353 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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