Group Lease Public Company Limited (the “Company”) wishes to address the recent decision by the Stock Exchange of Thailand (SET) to delist the Company’s securities from the exchange. In accordance with SET regulations, the Company has been granted a temporary trading period prior to the delisting. During this period, the Company’s securities will be available for trading under a Cash Balance from 11 April to 23 April 2025.
We acknowledge, with the utmost sincerity and humility, the seriousness of this development. We deeply regret the impact this may have caused our valued shareholders, investors, and stakeholders. This is a profoundly difficult and painful moment for us all, and we extend our heartfelt apologies for the concern, disappointment, and disruption this situation has created.
A significant factor contributing to this outcome is the unresolved issues previously raised by KPMG, the Company’s statutory auditor until 2020. These concerns, particularly those related to ongoing litigation unreasonably and repeatedly initiated by J Trust Asia, remain unresolved. As a result, the Company has not been able to finalise its audited financial statements for the fiscal years from 2021 to the present. We fully recognise the inconvenience and uncertainty this has caused to our shareholders and stakeholders, and the Board of Directors offers its deepest apologies for this unfortunate situation. We wish to state clearly that the Company is firmly committed to vigorously defending itself against these legal claims and will continue to pursue all appropriate legal avenues to bring this matter to a fair and just resolution.
Despite these challenges, the Board continues to place its full and unwavering confidence in the Company’s management team. We firmly believe in their expertise, strategic vision, and commitment to excellence. Their leadership is central to guiding Group Lease through this transitional period, not only in maintaining operations and ensuring continuous improvement, but also in persistently working towards a fair resolution of the legal dispute with J Trust Asia. We remain confident that, under their direction, Group Lease will emerge stronger and be well-positioned to reclaim its standing in the leasing industry.
While the delisting represents a significant setback, it does not define our future. Group Lease remains operationally sound, and our core businesses continue to deliver value across the region. We are actively implementing decisive measures to restore financial stability, reinforce governance practices, and increase operational efficiency—efforts that will lay the foundation for a more competitive and resilient organisation.
To our shareholders, we express our sincere gratitude for your patience, understanding, and continued support. We are acutely aware that your trust must be regained not through promises, but through transparent action and tangible results. Please rest assured that we are committed to doing all we can to rebuild that trust.
We will continue to communicate openly as we progress. For further information or enquiries, please contact our Investor Relations team at [contact information].
Though this is one of the most challenging periods in our history, we believe in the strength of our team, the loyalty of our stakeholders, and the enduring potential of our business. With humility, determination, and a clear focus, we will strive to make Group Lease strong once again.
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For more information, please contact
Siam PR Consultant Co., Ltd.
Sutisa Trikisyasopon Mobile 0989962454
Varuchaya Lapachai Mobile 0618897892
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