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 111 On 31 March 2022, the enforcement officer at the request of ACAP issued an order to freeze the deposits of the subsidiary. The subsidiary filed a request to withdraw the execution with the Civil Court. Subsequently, on 17 May 2022, the Civil Court has investigated and issued an order granting permission to unfreeze the deposit of the subsidiary and order the subsidiary to provide a bank guarantee amounting to Baht 503.31 million to the Court as guarantee. The subsidiary has pledged certain deposits of the subsidiary as collateral against the guarantee that the subsidiary received from the bank. Subsequently, on 20 February 2023, the Supreme Court has issued an order accepting the subsidiary's petition. Therefore, this case is not yet final until the Supreme Court renders its judgement. (b.2) In 2020, a company, which was a former supplier of the subsidiary, filed 3 civil lawsuits against the subsidiary regarding breach of agreements concerning the reclaiming of purchase price on raw materials and claiming damages. The total principal and interest are Baht 1,069.23 million. The subsidiary and the subsidiary’s legal advisor have considered relevant facts and evidence and provided the opinion that the subsidiary has not breached the agreements and has no obligation to pay as claimed. The subsidiary has appointed a lawyer to assist with the defense. Currently, the cases are under the trial by the Court of First Instance and the Court of First Instance had judgement to dismiss some cases. Therefore, the subsidiary has not recorded any provision against any losses from the cases. (c) Civil Court plaint regarding tort, breach of agreements, breach of promise and claiming damages occurred in year 2021 of the subsidiary On 28 June 2021, the subsidiary received a summons and a copy of the Civil Court plaint in which a company filed a lawsuit against the subsidiary in the Civil Court regarding tort, breach of agreements, breach of promise and claiming damages amounting to Baht 449.77 million, together with interest at the rate of 7.5% per annum. The subsidiary and legal advisor of the subsidiary considered relevant facts and evidence and provided the opinion that the issue of this lawsuit is the same as the case that the subsidiary had filed against such company and the subsidiary has not committed a wrongful act and has not breached the agreements against the plaintiff as claimed. The subsidiary appointed a lawyer and submitted a file testimony with its defense. Subsequently, on 21 March 2022, the Civil Court has rendered its judgment to dismiss such case and on 29 May 2023, the Appeal Court affirmed the judgment of the Civil Court. However, the case is not yet final. If the plaintiff disagrees with the judgement of the Court of Appeal, the plaintiff is entitled to ask permission to petition the case to the Supreme Court which is allowed in case the court finds that the issue to petition is important matters as specified by the relevant law. (d) Oil spill incident legal case in 2022 On 8 April 2023, the Company has received a summons and a copy of the civil plaint which the Local Fisheries Association, fishermen and merchants (“Plaintiffs”) filed against Star Petroleum Refining Public Company Limited as the first defendant and the Company as the second defendant to Rayong Provincial Court regarding tort, claim for damages and request for marine resources restoration. The Plaintiffs claimed that the oil spill incident caused the Plaintiffs’ loss of income. The Company and legal advisor of the Company considered relevant facts, evidence and laws and are of the opinion that the Company did not commit a wrongful act against the Plaintiffs as claimed and, therefore, it should have no liability as claimed. The Company submitted the statement of defense to the Rayong Provincial Court on 8 June 2023 and the case is under the trial by the Rayong Provincial Court. Accordingly, the Company has not recorded any provision for any losses resulting from such case. 355 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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