2.5 Litigation

The significant litigation cases which are still in process between the
Company and its customers as of 31 December, 2011 are reported as
follows:

+------------------------------+---------------------------------------+
| Litigation Category / No. of | Descriptions / Stage                  |
| Litigant                     |                                       |
+------------------------------+---------------------------------------+
| 1.  More than 5 per cent of  | 1. Mrs.Duangporn Oonsiri              |
|     shareholders’ equity as  |                                       |
|     of 31 December, 2011 (   | The Company filed a complaint against |
|     means the case with      | Mrs. Duangporn as a bankruptcy case   |
|     capital amount exceeding | at the Central Bankruptcy Court in    |
|     Baht 52 million) / 1     | Black Docket Case Number 157/2544 on  |
|     case                     | 5 March 2001. The debt in question    |
|                              | was a loan she had borrowed to buy    |
|                              | the stocks. The total claim amount    |
|                              | including the interest was Baht       |
|                              | 118,657,596.09. On 11 January 2002,   |
|                              | the Court declared the client         |
|                              | bankrupt in Red Docket Case No.       |
|                              | 390/2544.                             |
|                              |                                       |
|                              | At present, the case is being closed  |
|                              | since the Official Receiver has asked |
|                              | the Court to issue an order to        |
|                              | temporarily close the case.           |
+------------------------------+---------------------------------------+
| 2. More than Baht 10 million | 1. Sahaviriya City Public Company     |
| / 9 cases                    | Limited                               |
|                              |                                       |
|                              | On 3 December 2001, the Company       |
|                              | applied for debt repayment in its     |
|                              | debt-restructuring case under Red     |
|                              | Docket Case No. 992/2544 to which the |
|                              | Court had issued an order to          |
|                              | rehabilitate the business on 26       |
|                              | October 2001. The case involved debts |
|                              | incurred from debentures worth Baht   |
|                              | 27,117,203.29 (divided into a         |
|                              | principal of Baht 18 million and      |
|                              | interest up to the day the Court      |
|                              | issued a rehabilitation order worth   |
|                              | Baht 9,117.203.29). On 30 August      |
|                              | 2002, the Court approved the          |
|                              | rehabilitation plan and appointed     |
|                              | Churchill Prize Planner Co., Ltd as   |
|                              | the plan administrator. The Court     |
|                              | sentenced the debtor an absolute      |
|                              | receiving order on 20 November 2007   |
|                              | as the plan was unsuccessful and the  |
|                              | period of the plan has ended.         |
|                              |                                       |
|                              | At present, the Company claimed over  |
|                              | the debtor’s property from the Legal  |
|                              | Execution Dept. on 16 June 2009 and   |
|                              | the case is in the process of asset   |
|                              | gathering and waiting for sale in     |
|                              | order to repay debt.                  |
|                              |                                       |
|                              | 2. Mr. Bunjerd Techa-intrawong        |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Mr. Bunjerd at the Civil Court on 20  |
|                              | October 2009 on debt repayment of     |
|                              | securities loan and on mortgage       |
|                              | enforcement with the capital amount   |
|                              | of Baht 19,413,521.86 in Black Docket |
|                              | Case Number PorBor.4179/2552.         |
|                              |                                       |
|                              | At present, the debt has totally      |
|                              | repaid.                               |
|                              |                                       |
|                              | 3. Mr. Siriwut Dechbamrung            |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Mr. Siriwut at Minburi Provincial     |
|                              | Court on 26 October 2009 on debt      |
|                              | repayment of securities loan with the |
|                              | capital amount of Baht 18,599,039.85  |
|                              | in Black Docket Case Number           |
|                              | PorBor.11402/2552. On 8 March 2010,   |
|                              | in the absence of the debtor, the     |
|                              | court sentenced the permanent         |
|                              | receiving order in bankruptcy case    |
|                              | Lor.774/2553 and the Company filed    |
|                              | for debt repayment on 14 May 2010. At |
|                              | present, the filing form is under     |
|                              | investigation by the Official         |
|                              | Receiver.                             |
|                              |                                       |
|                              | 4. Mr. Santi Mekloy                   |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Mr. Santi at Prakanong Provincial     |
|                              | Court on 2 November 2009 on debt      |
|                              | repayment of securities loan with the |
|                              | capital amount of Baht 13,228,223.03  |
|                              | in Black Docket Case Number           |
|                              | PorBor.6455/2552 and the Court had    |
|                              | read the judgment on 30 November      |
|                              | 2009. The Central Bankruptcy Court    |
|                              | ordered an absolute receiving in Red  |
|                              | Bankruptcy Case No. Lor.6759/2554 and |
|                              | the Company already filed for debt    |
|                              | repayment in bankruptcy case.         |
|                              |                                       |
|                              | At present, the receiving officer is  |
|                              | reviewing the debt repayment form.    |
|                              |                                       |
|                              | 5. Liberty Insurance Co., Ltd.        |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Liberty Insurance Co., Ltd. at        |
|                              | Prakanong Provincial Court on 16      |
|                              | August 2010 on debt repayment of loan |
|                              | on bills of exchange with the capital |
|                              | amount of Baht 29,093,424 in Black    |
|                              | Docket Case Number Por.1332/2553 and  |
|                              | the Court had read the judgment on 17 |
|                              | December 2010.                        |
|                              |                                       |
|                              | At present, the case under the asset  |
|                              | investigation and judgment execution  |
|                              | process.                              |
|                              |                                       |
|                              | 6. Mrs. Walle Pitak                   |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Mrs. Walle for debt repayment of      |
|                              | securities loan at the Central        |
|                              | Bankruptcy Court on 17 August 2010 in |
|                              | Red Docket Case Number Lor.19222/2552 |
|                              | with the capital amount of Baht       |
|                              | 44,463,628.78.                        |
|                              |                                       |
|                              | At present, the filing form is being  |
|                              | investigated by the Official          |
|                              | Receiver.                             |
|                              |                                       |
|                              | 7. Mr. Somchai Tangprasittichok       |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Mr. Somchai for debt repayment of     |
|                              | securities loan at Samutprakarn       |
|                              | Provincial Court on 6 May 2009 in     |
|                              | Black Docket Case Number              |
|                              | PorBor.613/2552 with the capital      |
|                              | amount of Baht 16,508,151.44. The     |
|                              | court sentenced according to the Red  |
|                              | Docket Case Number PorBor.1421/2552   |
|                              | on 30 September 2009.                 |
|                              |                                       |
|                              | At present, the case is being         |
|                              | considered for the enforcement of     |
|                              | mortgage.                             |
|                              |                                       |
|                              | 8. World Gas (Thailand) Co., Ltd.     |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | World Gas (Thailand) Co., Ltd. at the |
|                              | Prakanong Provincial Court on 8 March |
|                              | 2010 for mortgage debt repayment with |
|                              | the capital amount of Baht            |
|                              | 27,018,654.79 in Black Docket Case    |
|                              | Number PorBor.1008/2553.              |
|                              |                                       |
|                              | At present, the case is in the        |
|                              | temporary disposal status, waiting    |
|                              | for the Court of First Instance’s     |
|                              | judgment on primary debtor case.      |
|                              |                                       |
|                              | 9. Pikul Gas Co., Ltd.                |
|                              |                                       |
|                              | The Company filed a complaint against |
|                              | Pikul Gas Co., Ltd. at Ratchaburi     |
|                              | Provincial Court on 8 March 2010 for  |
|                              | mortgage debt repayment with the      |
|                              | capital amount of Baht 22,307,565.63  |
|                              | in Black Docket Case Number           |
|                              | PorBor.104/2553 and the Court had     |
|                              | read the judgment on 29 March 2010 in |
|                              | Red Docket Case Number 108/2553.      |
|                              |                                       |
|                              | At present, the case is in the        |
|                              | process of asset investigation and    |
|                              | notice issuance on pledge seizure.    |
+------------------------------+---------------------------------------+
| 3. United Securities was the | 1. Mr. Supachai Chitvisuthipong       |
| defendant / 3 cases          |                                       |
|                              | Mr. Supachai filed a complaint        |
|                              | against the Company at the Civil      |
|                              | Court on 17 September 2001 as 2^(nd)  |
|                              | defendant for being accountable for   |
|                              | its employee who had transferred the  |
|                              | customer’s shares to other person     |
|                              | without consent. The capital amount   |
|                              | is Baht 3,301,317. The Company        |
|                              | submitted the notice of appeal on 29  |
|                              | January 2010.                         |
|                              |                                       |
|                              | At present, the case is under the     |
|                              | Appeal Court process.                 |
|                              |                                       |
|                              | 2. Mrs. Saranporn or Sarankorn        |
|                              | Promwan                               |
|                              |                                       |
|                              | Mrs. Saranporn, the Company’s former  |
|                              | employee, filed a complaint against   |
|                              | the Company claiming compensation for |
|                              | unjust termination of Baht            |
|                              | 13,358,427.47 at the Central Labor    |
|                              | Court on 17 November 2006. The Court, |
|                              | on 14 August 2007, had read the       |
|                              | judgment, being Red Case No.          |
|                              | 4176/2007, ordering the Company to    |
|                              | pay her in the sum of Baht 4,000,000  |
|                              | together with 7.5% per annum interest |
|                              | accrued from the prosecution date     |
|                              | until the payment date. The Company   |
|                              | lodged the appeal to the Supreme      |
|                              | Court since 27 November 2007. On 20   |
|                              | February 2012, the Supreme Court read |
|                              | the judgment confirming the judgment  |
|                              | of Labor Court ordering the Company   |
|                              | to pay compensation of Baht 4,000,000 |
|                              | together with 7.5% per annum from the |
|                              | date after the filing date which      |
|                              | equaled to Baht 5,590,410.96          |
|                              | altogether.                           |
|                              |                                       |
|                              | At present, the compensation payment  |
|                              | has been completely done on 6 March   |
|                              | 2012.                                 |
|                              |                                       |
|                              | 3. Mrs. Wimolrat Kuldilok             |
|                              |                                       |
|                              | Mrs. Wimolrat filed a complaint       |
|                              | against the Company at the Civil      |
|                              | Court on 7 April 2009 in Black Docket |
|                              | Case Number PorBor.1360/2552 for      |
|                              | breaching of the Agency Agreement     |
|                              | with the capital amount of Baht       |
|                              | 34,839,604.93. The Company has        |
|                              | already filed a counterclaim to the   |
|                              | debt and loan for securities with     |
|                              | Baht 19,413,521.86 capital. On 17     |
|                              | February 2011, the Civil Court        |
|                              | sentenced the Company (Defendant #1)  |
|                              | to pay Baht 34,829,604.93 with 7.5    |
|                              | per annum interest, dismissed         |
|                              | Defendant#2, and raised a             |
|                              | counterclaim of Defendant#1.          |
|                              |                                       |
|                              | At present, the case is under the     |
|                              | appeal process.                       |
+------------------------------+---------------------------------------+