September 18, Acknowledgement for the Current Situation on Group Lease PCL (Continuous Disclosure)

September 18, 2020

Company Name: JTRUST ASIA PTE.LTD.
Representative: Nobuyoshi Fujisawa, Managing Director, CEO
Contact: Nobiru Adachi, Director
Telephone: +65-6535-5152

Acknowledgement for the Current Situation on Group Lease PCL
(Continuous Disclosure)

J Trust Co., Ltd., the parent of JTRUST ASIA PTE. LTD., published a press release “Acknowledgement for the Current Situation on Group Lease PCL (Continuous Disclosure)”. Please refer to the attachment.

September 18, 2020
J Trust Co., Ltd.
Securities code: 8508

Acknowledgement for the Current Situation on Group Lease PCL
(Continuous Disclosure)

J Trust Co., Ltd. (hereinafter, “the Company”) announced its acknowledgement for the current situation regarding Group Lease PCL (hereinafter, “GL”) and our view on the future direction in the previous releases. The Company would like to make further announcement on the subsequent events as of today as follows.

The Company acknowledges the information contained in the public announcement made by GL through Thai Stock Exchange on 17 September 2020, regarding the proceedings of civil case against the Company and the other 3 defendants with amount in dispute of THB 9,130,000,000. However, at this point in time, the Company has not yet been served with the Thai court summons and the copy of the complaint. Other detailed information of the lawsuit remains unknown. The Company shall report on further update as soon as the company has been properly served with the Thai court summons and the copy of the complaint by the Thai court.

END

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