On 8 November 2023, JKN filed a petition for business rehabilitation with the Central Bankruptcy Court. The Court issued an order accepting the rehabilitation petition on the following day, resulting in the occurrence of an Automatic Stay, and subsequently affecting the payment of interest and the repayment of all outstanding JKN bonds. The Court set the date for the examination of the JKN rehabilitation petition on 29 January 2024. If the Court issues an order for the rehabilitation of JKN and...

Appeal Court rendered a judgement* amending the Civil Court’s judgement, by requiring the defendant to pay (1) a civil penalty, twice the amount of the benefits that the defendant received or would have

. Por. 5964/2562. On 22 December 2020, the Appeal Court rendered the judgement,* opposing the Civil Court’s decision. In this regard, the defendant is required to pay civil penalty twice the amount of

until the payment is fully completed, and Ekkamon to pay 333,333.33 baht. Both monetary penalties shall be submitted as state revenue. On 26 May 2020, the Court of Appeal confirmed the judgment of the

violation of Section 315 of the Securities and Exchange Act B.E. 2535. On October 7, 2020, the Criminal Court sentenced the defendant to 10 years in prison. The defendant exercised the right to appeal. The

PowerPoint Presentation Procedure for Administrative Action and Appeal Filing Taking legal action(s) Administrative Action Civil Sanction Criminal Action Considering whether to constitute law

Clause 3. Law on administrative procedure shall, mutatis mutandis, be applicable to a consideration and imposition of administrative sanction and consideration on an appeal against such imposition. Clause

Court of First Instance The Appeal Court The Supreme Court These offenses (e.g. presenting false statement concerning public offering, analyzing financial position based on false information, using or

representatives (Section 18) |- Auditors | - |- Approval (Section 30) |- Accounting and Financial Statements (Section 27, 28) |- Reporting Requirements |- Anti-money Laundering |- Arbitration |- Appeal |- Others

, Act BE 2535. As a result, IFEC has been delayed in resolving the problem and cannot return to normal business operations. 28/10/2021 The Civil Court delivered the Appeal Court judgment amending the