News Detail

Date/Time
26 Jul 2022 08:23:00
Headline
NP sign posted on the securities of MAX for failure to appoint audit committee members as required by the SET
Symbol
MAX
Source
SET
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                Sign posted

Subject                                  : Notice pending (NP) sign posted
Security Symbol
  - MAX METAL CORPORATION PUBLIC COMPANY LIMITED (MAX)
Sign posted                              : NP
Sign posted on (date)                    : 26-Jul-2022
Reason                                   :
The number of audit committee members is not sufficient as specifed by SET.
Remark                                   :
"NP" sign posted on MAX for failure to appoint audit committee members as 
required by the SET

As the MAX METAL CORPORATION PUBLIC COMPANY LIMITED (MAX) informed the 
resignation of 1 audit committee member effective on April 26, 2022 (Details as
shown on MAX's news on April 27, 2022)

Presently, MAX has been unable to appoint the audit committee members within 3 
months as required by the Stock Exchange of Thailand (SET)'s regulation.
Therefore, according to the procedures for the listed company that fails to meet
the audit committee member requirement, the SET has posted "NP" (Notice
Pending) sign on MAX's securities effective from the due date after three months
 as required by the rules to appoint the audit committee members.

Furthermore, is case that MAX is unable to appoint the audit committee members 
within SET deadline; the SET will proceed as follows.
1. Post "SP" (Suspension) sign to suspend trading of MAX's securities on October
26, 2022, if MAX still has not met the audit committee member requirement
within October 25, 2022.
2. If after 2 years of carrying the "SP" sign, the audit committee member 
requirement is still not met. Then, the SET may delist MAX's securities if the
company still cannot meet the SET's regulations.
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