#!/bin/bash
s='setting01 = 0 # Comment for setting 01
setting02 = 1 # Comment for setting 02
setting03 = "./folder" # Comment for setting 03
setting04 = "string" # Comment for setting 04
setting05 = 1 # Comment for setting 05'
sed -E 's/(setting01 = )("[^"]*"|[^[:space:]]+)/\11/g' <<< "$s"
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