Star Universal Network : SET's notice given to SSS due to its business operations which had been entirely or almost entirely terminated (NC-2)

SET's notice given to SSS due to its business operations which had been entirely or almost entirely terminated (NC-2)

The Stock Exchange of Thailand (SET) provides procedures for actions against the listed companies facing possible delisting due to performance or financial positions to undertake rehabilitation for 2 periods as follows: 1) 3 years for the elimination of the causes for delisting and SET will publicly announce the name of the company every year. 2) 2 years for the repossession of required qualifications in order to resume trading (Resume Stage) if the listed company can eliminate the causes of possible delisting. However, if the listed company cannot eliminate the causes of delisting or repossess the required qualifications in order to resume trading within the specified periods, SET will consider delisting the securities of the company accordingly.

STAR SITTHI SOLUTION PUBLIC COMPANY LIMITED (SSS) is in NC Year-1 and the company has not been able to eliminate the cause of possible delisting. Consequently, SSS falls under the criteria requiring the SET to declare that the company is subject to mandatory rectification in financial status and performance in NC Year-2 with effect from August 18, 2022. The company is obliged to proceed in compliance with the applicable rules as specified.

August 18, 2022

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