Bangkok, June 21 – Board of the Stock Exchange of Thailand. Approved a guideline for adjusting positioning to increase differentiation of companies listed on the Stock Exchange of Thailand (SET) and the Market for Alternative Investment (mai) in order to support companies with strong financial status and performance. to be able to take advantage of the capital market raise the level of supervision Co., Ltd. more concentrated Improve the criteria for the “C (Caution)” sign, the criteria for revocation, and the criteria for Backdoor Listing to enhance the quality of listed companies and take care of investors. Open for comments in the third quarter of this year.

Mr. Pakorn Peetathawatchai Director and Manager The Stock Exchange of Thailand revealed that the Board of Governors of the Stock Exchange of Thailand today (June 21, 2023) has approved guidelines for revising the criteria for listed companies in the SET and mai. This is in line with a 3-year strategic plan (2023-2025) to increase funding opportunities for businesses of all sizes. and to solve problems that arise Since accepting listed companies that have stronger financial positions and operating results. This is in line with the current life exchange market (LiVEx) for SMEs and startups that want to grow. It is also consistent with the current size and financial status of companies in Thailand. and can compete with foreign stock exchanges Including raising the level of supervision of listed companies to be more rigorous to increase the quality of listed companies and investor care

Summary of criteria improvement guidelines are as follows:

Repositioning SET and mai by improving the qualifications of listed companies according to the listing criteria in SET and mai, which will increase profits to support companies with higher profitability. and increase shareholders' equity (Equity) to reflect a stronger operating performance and financial position. The initial paid-up capital is the same. so that the capital portion is consistent with the nature of the business and companies that raise funds can make the most efficient use of the capital market. as well as increasing the shareholding ratio of minority shareholders (Free Float) and offering shares to the public (Public Offering) for small companies to be higher. to maintain liquidity in the secondary market

Enhancement of supervision of listed companies, namely:

2.1 Adding warnings to investors with a “C” sign in case the company has a declining financial position or operating performance, such as having low operating income or continuing loss. default on payment of debts from financial institutions or debt instruments and the auditor did not express an opinion on the financial statements in all cases. Because companies with financial problems are often followed by major changes such as shareholders or business. or being the target of Backdoor Listing, including trading of securities that deviate from normal conditions

2.2 Increasing strictness in revocation The Board of Directors will consider delisting companies that are unable to resolve the grounds for delisting and move back to trading at the end of the period. in order to have a quality listed company In addition, the SEC will consider the qualifications of Backdoor Listing companies in the same manner as in the case of IPOs, so that companies listed by any channel have similar quality.

However, the guidelines for improving the above criteria It is a collaboration between the SET and the SEC in raising the level of supervision of listed companies throughout the process. To increase confidence and stability of the capital market after this, the SET There will be listening to opinions from relevant people. before submitting to the SEC Board for approval. and will gradually announce the use of various criteria Taking into account the next appropriate period. – Thai News Agency

Source: Thai News Agency