Failure to submit the financial statement / late submission / the auditor issues adverse opinion on the financial statements.

Failure to submit financial statements / late submission of financial statements / incorrect financial statements more than 6 months in each period, only the first period that is delayed more than 6 months

1. Periods overdue

In the case that the company does not submit financial statements / submit financial statements that the auditor has commented that the financial statements are inaccurate
The SET will post a SP sign (Suspension) immediately from the due date for submitting the financial statements or the date of submission of the financial statements that the auditor has expressed an opinion that the financial statements are inaccurate and will maintain the SP sign until the company submits the said financial statements to the SET correctly and completely. When the securities have been SP for 3 months, they might open for trading for 1 month with Cash Balance account.

In the case of the SEC to amend the financial statements
The SET will post the SP sign immediately for 1 day and the next business day The SET will release the SP sign and along with the announcement of the posting of the CS (Financial Statements) sign, investors must trading such securities with a Cash Balance account only.

• The CS sign will be maintained until the company submits financial statements that the SEC can order to amend the financial statements. or when the Stock Exchange announces that it may be delisted.

In order for the company to have a clear solution and encourage it to expedite the action to resume trading as usual. The stock exchange will proceed as follows:
- Fail to submit the financial statement/ more than 6 months overdue/ Submit the financial statements that the auditor has opined that the financial statements are inaccurate. and the listed company has not taken action to rectify such incident for more than 6 months. After 6 months from the due date for submitting the financial statements or from the date of submission of the financial statements that the auditor has an opinion that is inaccurate, the SET will announce the list of companies that may be delisted and remain the SP sign and posting the NC sign until the company is able to resolve the grounds for delisting and proceed to have the qualifications to resume trading as usual.
- In the event that a listed company fails to submit its financial statements that the Office of the SEC has ordered to amend more than 6 months from the date that the Office of the SEC has ordered the amendment of the financial statements, after 6 months from the date that the SEC orders to amend the financial statements, the SET will announce the list of companies that may be delisted by posting the SP and NC signs until the company is able to resolve the grounds for delisting and proceed to have the qualifications to resume trading as usual. When the securities have been SP for 3 months, they may open for trading for 1 month and buy with Cash Balance account.

After the SET announces the list of companies that may be delisted. If later it appears that the company does not submit the financial statements for the next period which corresponds to the aforementioned cases, The SET will notify the company and disclose information about the failure to submit financial statements in the following periods to investors.

1) Period for the elimination of the grounds for delisting – There is a period of 2 years from the date the securities are announced as potentially subject to delisting.
Listed companies must proceed as the case may be as follows:

1. Submit financial statements that have not been submitted for every period, provided that the auditor must not express an opinion that the financial statements are inaccurate. Only the financial statements for the period that are delayed more than 6 months from the due date.
2. Submit the revised financial statements according to the order of the SEC for every period, provided that the auditor must not express an opinion that the financial statements are not or only the financial statements for the period that are delayed more than 6 months from But on the date the SEC Office ordered the amendment of the financial statements.
3. In the event that the financial statements are submitted by the auditor that the financial statements are inaccurate and did not correct the above reasons for more than 6 months: Submit the financial statements that the auditor does not express an opinion that the financial statements are incorrect.

• If the listed company can submit its financial statements within two year from the date of announcement that its securities may potentially be delisted, the company shall possess the qualifications in order to resume trading. The SET shall announce that its securities have entered the period for the repossession of qualifications in order to resume trading (Stage 2).
• If the listed company is unable to submit the financial statements within one year from the date of announcement that its securities may potentially be delisted, the SET shall consider an order to delist the securities, and the trading will be allowed for 7 business days before delisting with NC sign posted and can be purchased with Cash Balance account only.

• The listed company can submit the request for the SET to consider allowing the listed company to resume trading as normal When completing the following :
  1. Submit the financial statements for every period that has not been submitted. and/or submit financial statements that the auditor does not have an opinion that the financial statements are inaccurate and/or submit the financial statements that SEC for revision
  2. Submit financial statements within the specified time for 2 consecutive periods (including in the case where a listed company receives a waiver to submit financial reports for the first 6 months of the fiscal year instead of submitting quarterly financial statements according to the rules.) and the auditor's report must not have any of the following characteristics:
     1. There are conditions relating to defects in the internal control system or accounting system or does not comply with financial reporting standards accepted by the SEC
     2. Not expressing an opinion or expressing a conditional opinion in the event that the scope is restricted by the company or its directors or executives.
     3. Inaccurate financial statements
  3. The listed company has all the qualifications according to the criteria for maintaining status as a listed company. As for the distribution of shareholdings A listed company must ensure that the number of small common shareholders is not less than 150, and such shareholders must hold shares in aggregate of not less than 15 percent of the registered company's paid-up capital.