ZIGA INNOVATION PUBLIC COMPANY LIMITED

999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASAMUDJADEE, SAMUDPRAKARN 10290 Tel. 02-816-9315 Fax. 02-816-9315 #444

Letter No. ZIGA 022/2022

Dated 15 August 2022

Subject: Legal Dispute Report

Dear President

The Stock Exchange of Thailand

According to the text in Clause 31 of the notes to interim financial information for the interim period ended June 30, 2022, for more clarity information, Ziga Innovation Public Company Limited ("the Company") would like to inform that the Company has a legal dispute relating to trading of digital token utility.

The Company and 7 other co-defendants were sued for civil lawsuit for breach of contract, demanding refunds, agents as described in the civil court's complaint, black case number PhorBor. 992/2565 by patching the court warrant.

The Company would like to further clarify that currently the Company is in the process of investigating the facts and collect information from the executives involved in both the Company and its subsidiary - Wisden Group Company Limited. Initially, the Company's lawyer views that it is unlikely that Ziga Innovation Public Company Limited will be responsible and/or jointly responsible for the said reimbursement or indemnify any damages as the plaintiff demanded in the Complaint. In addition, if considering the scope of the company's responsibility as a major shareholder of Wisden Group Company Limited, the Company's responsibility is limited to the share value in proportion to the Company's shareholding percentage in Wisden Group Company Limited, that is, if the registered capital of Wisden Group Company Limited is divided into 10,000 shares at 100 Baht each and the Company holds 6,999 shares in Wisden Group Company Limited, the Company shall be liable for not more than the unpaid share value. In fact, the Company has already made full payment of share value which should mean that the Company will not have to pay any debt or damages more than the value of shares the Company already paid.

If the Company completed the investigation and data collection and/or there is a progress of the Case, the Company will inform the Stock Exchange of Thailand accordingly in the next opportunity.

Please be informed accordingly.

Yours Sincerely,

(Miss Valarlak Ngamchitcharoen)

Managing Director

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Ziga Innovation pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 15:53:09 UTC.