Hemaraj Land and Development Public : "NP" sign posted on HEMRAJ for failure to appoint audit committee member as required by the SET.

53e9f5cc-e49d-4cad-8821-43018ae71967.pdf

Headline:	"NP" sign posted on HEMRAJ for failure to appoint audit committee member as required by the SET.
Security Symbol:	HEMRAJ, SET

Announcement Details

Sign posted
Subject	Notice pending (NP) sign posted
Security Symbol	HEMARAJ LAND AND DEVELOPMENT PUBLIC COMPANY LIMITED (HEMRAJ)
Sign posted
Sign posted:	NP
Sign posted on (date):	15-Jan-2016
Trading session:	Morning
Reason	The number of audit committee members is not sufficient as specifed by SET.
Remark
"NP" sign posted on HEMRAJ for failure to appoint audit committee member as required by the SET. Hemraj Land And Development Public Company Limited (HEMRAJ) disseminated the resignation of the chairman of the audit committee effective on October 15, 2015. Presently, HEMRAJ has not been able to appoint the audit committee members within 3 months as required by the SET's regulation. Therefore, according to the procedures for the listed company that fails to meet the audit committee member requirement, the Stock Exchange of Thailand (SET) has posted "NP" (Notice Pending) sign on HEMRAJ's securities effective from January 15, 2016 until HEMRAJ appoints the audit committee member as required by the rules. Furthermore, in the case that HEMRAJ is unable to appoint the audit committee member within the SET deadline; the SET will proceed as follows: Post "SP" (Suspension) sign to suspend trading of HEMRAJ's securities on April 19, 2016, if, after three months of carrying the "NP" sign, HEMRAJ still has not met the audit committee member requirement. Announce that HEMRAJ may be delisted, if, after three months of carrying the "SP" sign, the audit committee member requirement is still not met. Then, the SET may delist HEMRAJ's securities if the company still cannot meet the SET's audit committee member requirement.