G J Steel Public : Progress of Overdue Debts and Legal Disputes for Q2/2022

GJS	บริษัท เจจีสตีล จ ำกัด (มหำชน)
G J Steel Public Company Limited
Quality Steel by Quality People	ทะเบียนเลขที่0107538000401

Progress of Overdue Debts for Q2/2022

According to the previous disclosure to the Stock Exchange of Thailand by G J Steel Public Company Limited ("the Company") in relating to the overdue debts, the Company would like to update the progress of accounts payable defaulting as of Q2/2022 as follows:

Rehabilitation Debt

Descriptions of debt	The	debt was recorded from the rehabilitation process during the
	economic crisis caused by the devaluation of the Baht in year 1997
	combined with the downturn of the steel market, both domestically and
	overseas
Debt amount (exclude interest)	THB 22.05 million
Group of creditors	Currently, 2 Groups of creditor remain under unsecure debt as detailed
	below:
	Creditor group 4 - Employee debt
	1.1	Remaining : THB 3.81 million (exclude interest)
	1.2	Default date : October 2013
	1.3	Interest rate : 7 . 5 % per annum , starting from default date until
		payment date
	Creditor group 13 - Trade creditor and service creditor
	1.1	Remaining : THB 18.24 Million (exclude interest)
	1.2	Default date : July 2012
	1.3	Interest rate : 7.5 % per annum, start from default date until payment
		date
Repayment schedule	Immediately on demand
Transaction size	0.12% of total assets as of 30 June 2022

Solutions:

As the creditors are in the Rehabilitation plan (year 2000) and the above represents 4 creditors who have not claimed and will be paid immediately on demand. The Company still records these liabilities until they expire the legal prescription period of liabilities as per the Civil & Commercial Code in Thailand.

The impact on the financial position and results of the Company's operations:

Since the rehabilitation debt amounts are not significant when comparing to the Company's total debt, the default interest if occurred will not impact the overall financial statement and the business of the Company.

ส ำนักงำนใหญ่	: 88	ปำโซ่ทำวเวอร์ชั้น 24 ถนนสีลม แขวงสุริยวงศ์ เขตบำงรัก กรุงเทพฯ10500		โทร (66) 02-267-8222 แฟ็ กซ์66( ) 02-267-9048-9
Head Office	: 88	PASO Tower, 24th Floor, Silom Road, Suriyawong, Bangrak, Bangkok 10500, Thailand		Tel: [phone] Fax: [phone]
โรงงำน	:	นิคมอุตสำหกรรมดับบลิวเอชเอชลบุรี1 เลขที่358 หมู่6 ถนนทำงหลวง 331 ต ำบลบ่อวิน อเภอศรีรำชำำ	ชลบุรี20230	โทร (66) 038-345-950 แฟ็ กซ์66( ) 038-345-693
Factory	:	WHA Chonburi Industrial Estate 1, 358 Moo 6, Highway 331, Bowin, Sriracha, Chonburi 20230, Thailand	Tel: [phone] Fax: [phone]