8 June 2023: SET announces update for GL in order to eliminate the grounds for delisting

Mr. Tatsuya Konoshita, Deputy Chief Executive Officer of Group Lease Public Company Limited, said “on 8 June 2023, the SET published an update about requirements for GL in order to remove the grounds for delisting. Basically the SET gave us time to fix the issues until Nov 2024^th which had been extended from the end of May 2023 and we are very pleased to get such permission from SET and gives us enough time to fix the issues. The only condition is that GL must arrange for the shareholders meeting to appoint the auditor for the years 2021 – 2023 within 31 July 2023. Once we accomplish that, the SET will provide GL with an extension on submitting all late financial statements until 14 November 2024.”

Mr. Riki Ishigami, Chief Executive Officer of Group Lease Public Company Limited, stated, “This is in line with our plan to have a new auditor for years 2021 – 2023 audit our financial statements so that we can catch up on our public financial statements and eventually resume trading of our shares for our shareholder’s benefit. GL is already in deep discussion with an auditor and we strongly believe we will meet the SET’s 31 July 2023 deadline in regards to arranging a shareholders meeting. We look forward to providing the market with financial updates about our business again.”