Section 1 and Section 2 After spending more than 3 Years of Investigation and Commitment to Integrity.

On July 30, 2024, Mr. Keeree Kanjanapas Chairman Mr. Surapong Laoha-Unya Chief Executive Officer and Pol. Col. Suchart Wongananchai, Advisor to the Chairman, of Bangkok Mass Transit System Public Company Limited (BTS), issued a statement regarding the Supreme Administrative Court's ruling. The court has ordered Bangkok Metropolitan Administration (BMA) and Krungthep Thanakom Co., Ltd. (KT) to jointly pay off the debt for the operation and maintenance (O&M) costs of the Green Line Extension Projects.

This includes the first extension from Saphan Taksin - Wongwian Yai - Bang Wa and On Nut - Bearing (from May 2019 to May 2021) and the second extension from Bearing – Samut Prakan section and Mo Chit - Saphan Mai - Khu Khot section (from April 2017 to May 2021), amounting to approximately 11.755 billion baht.

Mr. Keeree stated that it is very gratifying that BTS has proven the facts, a process that took over 3 years, and has received justice from the Supreme Administrative Court.BTS has operated with integrity and thoroughly consulted with its legal team.Additionally, as a public company, BTS has a responsibility to all its shareholders, as well as its passengers. The Company has consistently affirmed that it will not stop operating the trains. Initially, media reports indicate that the BMA is ready to pay off the debt according to the Supreme Administrative Court’s verdict in this case, amounting to over 11.755 billion baht.

However, as of July 25, 2024, the total debt for operation and maintenance (O&M) amounts to over 39.402 billion baht, divided as follows:

• The debt amount as per the Supreme Administrative Court's ruling on July 26, 2024, requires BMA and KT to jointly pay BTS approximately 11.755 billion baht.
• The debt amount for which BTS filed a lawsuit with the Central Administrative Court on November 22, 2022, seeks BMA and KT to pay the O&M debt for the Green Line Extension Project 1 and 2 (for the period from June 2021 to October 2022), amounting to approximately 11.811 billion baht, which is currently under consideration by the Central Administrative Court.
• The outstanding O&M debt for the Green Line Extension Project both the first and the second extension from November 2022 to June 2024, amounts to approximately 13.513 billion baht.
• The future O&M costs for the Green Line Extension Project from the present until the end of the concession in 2042.

Mr. Keeree added that BTS is willing and ready to negotiate with BMA and KT to find a joint solution to ensure the continuity of public service and to resolve these issues fairly for all parties.