“STARK” explains the issue of being marked with a C, finding transactions showing signs of irregularity. Prepare to explain progress to the SEC within 15 June 66.

Stark Corporation Public Company Limited (STARK) informed the Stock Exchange of Thailand. On May 31, 2566, the company held a meeting to provide information to shareholders, investors, and related parties (Pubic Presentation) with the objective of providing information on the progress of the special investigation. (Special Audit) of the company to shareholders, investors and related parties. Before the bondholder representatives will hold a meeting of bondholders on May 31, 2566.

and the temporary removal of the sign prohibiting the buying or selling of securities (SP sign) on 1 June 2566 to allow trading of the company's shares for a period of 1 month on 30 May 2566 from 15.30:16.30 p.m. to 00:XNUMX p.m. Through the electronic media (e-Meeting) ZXNUMXm program, the company would like to summarize information on corrective actions in cases where the “C” sign has been posted as follows.

The reason why the company was marked "C"

The company's auditors have discovered transactions that may be unusual during the audit of the accounts for the preparation of the financial statements for the year 2565. The company has therefore organized a special audit (Special Audit) to seek in-depth facts and expand the results. Audit received from the auditor

However, the Office of the Securities and Exchange Commission (SEC) considers that the scope of the investigation is a special case (Special Audi) that is currently being conducted. This may result in insufficient facts being obtained to draw a conclusion.

Information about potentially unusual transactions and may cause doubts about the accuracy of the company's consolidated financial statements. The SEC therefore issued an order dated May 17, 2566, ordering the company to expand the scope of the audit into a special case (special audit). Covers sales transactions, debtors, and money transfers of subsidiaries. and other related accounting items

They must appoint an expert or auditor who is affiliated with one of the large auditing firms. (which is not the audit firm that was the company's auditor in 2564) to carry out the work within the scope that the SEC office has extended further results.

For this reason The Stock Exchange of Thailand therefore posted a "C" (Caution) sign on the company's listed securities. According to relevant laws and regulations

Guidelines for correcting the cause of the "C" sign

1. As for the appointment of experts for a special audit (Special Audit), the Company is in the process of hiring an auditor belonging to one of the large auditing firms (Big 4) to conduct the audit. It is a special case (Special Audi) to the extent that the SEC Office has extended the results further.
2. Once the auditor has been appointed according to item 1), the company will cooperate with the auditor team in providing coordinated information. and take any relevant actions to be able to carry out a special audit (Special Audit) to the extent that the SEC Office has extended additional results quickly and transparently.
3. The Company will collect evidence and information received from the Special Audit and explain the progress regarding this aspect of the operation to the SEC Office by June 15, 2566 in accordance with as specified by the SEC Office
4. In terms of risks related to transactions that may be unusual The company is ready to take any necessary action according to appropriate procedures and processes. Under relevant rules and laws to protect the interests of the company and its shareholders in managing such risks.

In addition to the above information The company would like to submit a copy of the meeting information (Presentation Slide) and a summary of questions and answers disclosed in the meeting. According to the details shown in the attached document to inform shareholders further.