Bangkok, March 16, 2016 - The Criminal Fining Committee has fined {A} for dessiminating news that may have led other persons to understand that the share price of {X1} Public Company Limited would rise or fall, and such information had not been disclosed to the Stock Exchange of Thailand (SET).

Following a referral from the SET and the SEC's further inspection, it was found that {A}, then Chairman, CEO and a major shareholder of {X1} Public Company Limited, had released news to the public through two media publications issued on 27 October 2014 with the key message that {X1} Public Company Limited was negotiating a business deal worth approximately 50 billion baht to take over a listed company that had long been established for more than 20 years in the same industry as {X1} Public Company Limited with a multiple P/E of 10. 

His misconduct with regard to the dessimination of facts that had not yet been disclosed to the SET and contained material information that could have influenced investors' decision making and the price movements of {X1} Public Company Limited shares being traded on the SET, was in violation of Section 239 and liable to the penalites under Section 296 of the Securities and Exchange Act of 1992. He was imposed a criminal fine of 500,000 baht