Grand Prix International Public Company Limited Faces Significant Legal Dispute over Share Repurchase

Grand Prix International Public Company Limited (the "Company") has filed a lawsuit against a group of former shareholders of another company, seeking to compel them to repurchase all 762,500 shares held by the Company and to make payment in accordance with a Shareholders' Agreement. The Company invested in the shares on October 13, 2021, and the former shareholders failed to repurchase the shares as agreed, triggering a put option under the Shareholders' Agreement. The lawsuit, filed with the Nonthaburi Provincial Court under Black Case No. Por1984/2025, seeks a claim amount of THB 417,513,118.50 as of the filing date.

Key Takeaways:

• The Company invested in 762,500 shares of another company on October 13, 2021, representing 25.75% of the total shares issued, for a total investment value of THB 256,392,625.
• The former shareholders failed to repurchase the shares or make payment as agreed under the Shareholders' Agreement, triggering a put option.
• The lawsuit seeks to compel the former shareholders to repurchase all 762,500 shares and to make payment, with a claim amount of THB 417,513,118.50 as of the filing date.
• The case management hearing is scheduled for December 8, 2025.
• The legal dispute has no impact on the Company's financial statements and does not affect the Company's core business operations.
• The Company will update the Stock Exchange of Thailand of any further developments in this matter.

Statistics:

• Claim amount as of the filing date: THB 417,513,118.50
• Number of shares involved: 762,500
• Total investment value: THB 256,392,625
• Percentage of shares owned by Company: 25.75%
• Date of lawsuit filing: September 2, 2025
• Scheduled case management hearing date: December 8, 2025

Sources:

• Stock Exchange of Thailand: Company Announcement, September 2, 2025 (Grand Prix International Public Company Limited) https://www.set.or.th/en/home