The SEC (Securities and Exchange Commission) clarifies that the report claiming Supaporn Pimpong holds 7 stock holdings worth over 9.4 billion baht is false, and is urgently investigating and prosecuting according to the law.

The Securities and Exchange Commission (SEC) has concluded its investigation into irregularities in the Form 246-2 reports concerning Supaporn Pimpong. The investigation found seven reports, covering six listed companies with a total value exceeding 94 billion baht, containing inaccurate information. The SEC has therefore withdrawn this information from the system and is currently gathering evidence and investigating those involved to proceed with legal action.

July 9, 2569 Mrs. Pornanong Busaratrakul, Secretary-General of the Securities and Exchange Commission (SEC) The SEC (Securities and Exchange Commission) hereby announces the results of its audit regarding the reporting of acquisition or disposal of securities (Form 246-2) in the case of... Ms. Supaporn Pimphong has reported the acquisition of securities in 7 separate reports, totaling 6 securities, which were acquired at different times since 2564. The information was entered into the system on June 30, 2569 and July 2, 2569. When the SEC discovered the irregularity, it initially marked the status as "preliminary information" on July 3, 2569.

Subsequently, on July 7, 2569, the SEC changed the status of the information to... "Currently verifying the accuracy." Due to inconsistencies in the information and the discovery of inaccuracies upon verification, coupled with confirmation from the relevant listed company on July 8, 2569, the SEC removed the information from the reported data from its information dissemination system. The SEC prioritizes the dissemination of information for investment decision-making and therefore takes steps to identify the status of the information and remove inaccuracies from the system, as outlined in the aforementioned process.

Regarding the inaccuracies in the aforementioned information, the key points can be summarized as follows:

1. The name of the reporting shareholder was not found on the book closing date during the period after the acquisition, and there were no reports of disposal.
2. The type of securities reported as acquired did not actually exist during the period specified in the report.
3. Reporting the number of securities held or acquired does not reflect actual transactions. For example, a report of exercising share purchase rights from warrants may show the same number of rights exercised as convertible bonds exercised by another person.

“The 246-2 reporting system is designed with a strong emphasis on data accuracy and reliability, ensuring that publicly disclosed information is complete and accurate. We will now forward this to our system administrators for vulnerability investigation and a review of security measures, including detailed access control, to prevent similar incidents from occurring in the future,” Ms. Pornanong stated.

Ms. Pornanong stated that the reported information was not released without oversight from the beginning until the day it was removed from the system. The office had periodically posted notices updating the progress of the operation, disclosed information on its website, clarified the matter to the media, and issued continuous statements to ensure transparency in its operations.

Furthermore, this incident did not occur in a short period of time, but was the result of a systematic verification process that began during the registration phase of the reporter. The Office uses the same verification standards for all reports, which are consistent with international best practices, in order to protect investors and maintain the credibility of the Thai capital market.

Regarding progress on legal measures, the office will gradually release further details as the process progresses.

Ms. Sucha Boonyanet, Deputy Secretary-General of the SEC (Securities and Exchange Commission of Thailand). It was stated that the 246-2 reporting system has established strict identity verification measures for reporters to ensure the accuracy of publicly disclosed information. Those wishing to use the system must register through the SEC website and provide personal information that matches the Department of Provincial Administration's civil registration database. The system will automatically cross-check the information, and if even one entry does not match, the registration will be immediately rejected.

For those whose information has been verified, the system will proceed with a second layer of identity verification by sending an OTP (One-Time Password) to the phone number provided by the registrant. This will then allow the creation of a user account and access of the system to submit Form 246-2.

Furthermore, each time data is recorded, the reporter must certify that the submitted information is accurate, complete, and truthful, and acknowledge that such information will be disclosed to the public through the SEC's system as required by law.

Ms. Sucha stated that under current law, those required to report the acquisition or disposal of securities must submit information through the SEC's electronic system. The establishment of a multi-layered identity verification process aims to prevent identity theft and enhance the credibility of information used in the capital market.

Regarding post-report oversight, the SEC continues to review the information. If officials detect any irregularities or discrepancies, the system will display "Preliminary Information" at the bottom of the published data table to inform investors that the report is still under review for accuracy.

If the investigation reveals issues requiring further consideration, the SEC will upgrade the status to “under investigation” to indicate that the agency is conducting an in-depth investigation with the relevant sources. Once the investigation confirms that the information is inaccurate or false, the SEC will immediately withdraw the report from the publication system.

Ms. Sucha revealed that the latest investigation also found that the same reporter had submitted a securities acquisition report under Section 59 (Form 59) even though they were not a director, executive, or person required to report by law. Therefore, the SEC has removed that information from its publication system.

The Form 59 reporting system uses a registration and identity verification process similar to Form 246-2. Users must have their information verified against the national registration database and confirm their identity via OTP before being able to access the system. This reflects the security standards of the electronic data reporting system that the SEC (Securities and Exchange Commission) has adopted to protect the reliability of information in the Thai capital market.

Mr. Thawatchai Pitayasophon, Deputy Secretary-General of the SEC (Securities and Exchange Commission of Thailand) It was revealed that the SEC (Securities and Exchange Commission of Thailand) places great importance on the accuracy of securities holding information, as this is crucial information that investors and the public use to make investment decisions. If any irregularities are detected in the information, the SEC will strictly follow regulatory procedures. Previously, warnings have been issued to investors, and in the next phase, the SEC will proceed with law enforcement to enhance the effectiveness of supervision and build confidence in the capital market.

When the SEC discovers inaccurate or inconsistent information, the office will cross-check and verify the information with the issuer. If it is found that false information has been reported, the SEC is ready to take legal action immediately.

In this case, it may constitute an offense under the Securities and Exchange Act for submitting false documents or evidence, or making false statements to the Securities and Exchange Commission (SEC), including intentionally concealing facts that may cause material misunderstanding. The penalty is imprisonment for up to one year, a fine of up to 100,000 baht, or both.

Mr. Thawatchai stated that the SEC is currently gathering evidence and has invited relevant parties to clarify the facts. Although details of the case cannot be disclosed yet due to the ongoing investigation, he confirmed that the process is progressing steadily and that this is a case of particular importance to the SEC. Once the investigation is complete and a clear conclusion is reached, the SEC will disclose the results to the public according to procedure, as with other cases in the past.

However, regarding law enforcement, the process is currently in the stage of having the individuals involved clarify the information, according to the SEC's procedures. In cases where false information or information that may cause material misrepresentation to the SEC, which is publicly available, is submitted, it constitutes an offense under Section 302/1 of the Securities and Exchange Act B.E. 2535 (1992).

The SEC (Securities and Exchange Commission) confirms that the person filing the report is a real individual. After the registration system verified and compared the information with the national registration database, the personal information was found to be consistent. Furthermore, SEC officials have contacted and met with the person filing the report. However, detailed information about the investigation cannot be disclosed at this time as the law enforcement process is still ongoing.

However, a verification process with the issuing company revealed that, although the filer existed, the shareholding information reported to the SEC was inaccurate. The issuing company confirmed that the filer did not hold the shares as declared, and the correct holding amount was zero. As a result, the SEC has concluded that the information in the report is false and is in the process of taking further legal action.

The SEC emphasizes that it takes this matter very seriously and has not been complacent. The entire process was completed within a few days (from the 3rd to the 8th), which is in line with normal and swift investigation procedures to protect the interests of the capital market. The SEC cannot provide details about Ms. Supaporn Pimphong due to privacy concerns under the Personal Data Protection Act (PDPA).

Based on the compiled information, the first transaction occurred on September 14, 2564, involving the acquisition of a 5.0176% stake in Major Cineplex Group Public Company Limited (MAJOR), resulting in a total ownership stake of 9.9906%, valued at 1,954 million baht.

Subsequently, in 2022 and 2023, there were two reported acquisitions of shares in GJ Steel Public Company Limited (GJS): on February 9, 2022, a 40.4531% stake was acquired, bringing the total ownership to 80.9071%, and on February 2, 2023, an 8.2411% stake was acquired, resulting in a total ownership of 48.6943%. The total value of these acquisitions exceeded 1,600 million baht.

In 2566, there was also a report of the acquisition of shares in Bangkok Bank Public Company Limited (BBL) on April 11, 2566. Although the acquisition was for only 0.0157%, it increased the total shareholding to 5.0122%, valued at 15,643 million baht. The current market value of the shares is approximately 18,513 million baht.

For Asia Aviation Public Company Limited (AAV), a report was filed on November 6, 2566, regarding the acquisition of convertible securities representing 1.3340%, resulting in a total ownership stake of 5.3362%, valued at 761 million baht.

In 2568, an acquisition of shares in Kasikornbank Public Company Limited (KBANK) was reported on August 13, 2568, representing a 0.8605% stake, bringing the total ownership to 5.1097%. The transaction was valued at approximately 20,506 million baht, and based on the current share price, its value is estimated at around 27,845 million baht.

The most recent transaction occurred on June 15, 2569, reporting the acquisition of a 3.2174% stake in True Corporation Public Company Limited (TRUE), resulting in a total holding of 7.0992%, or over 3,500 million shares, valued at 51,456 million baht. This is the largest transaction in terms of value among all reported transactions.

The total reported value of shares exceeds 94,000 billion baht, spread across several large listed companies, including those in various sectors.Banks, telecommunications, retail, movie theaters, and airlines.

Related news:

• From TRUE shares to MAJOR, Supaporn Pimpong is awaiting an in-depth investigation by the SEC after filing a Form 246-2 stating she holds nearly 10% of the shares.
• The SEC is urgently investigating discrepancies in a reported 7% stake in TRUE after discovering inaccuracies in the information.
• The SEC (Securities and Exchange Commission) has found several irregularities in Supaporn's stock reporting and is urgently conducting a thorough investigation. The SEC emphasizes that if false information is found, legal action will be taken.
• The SEC (Securities and Exchange Commission of Thailand) confirms it has summoned Supaporn Pimphong, the person who filed the report, to give a statement and participate in the investigation with the Economic Crime Suppression Division.