Bangkok, September 22, 2014 ? The SEC advised shareholders of Adamas Incorporation Plc. (ADAM) to thoroughly study the company?s proposal for disposal of assets of its subsidiaries, affiliates and related companies at the upcoming shareholders? meeting on September 25, 2014.

Earlier, ADAM announced to seek shareholders? approval on 9.46 million baht disposal of assets of its subsidiaries, affiliates and related companies, namely Adamas World Ltd., Adamas Consumer Ltd., News Multimedia Ltd. and GG News Ltd. The independent financial advisor (IFA) opined that ADAM shareholders should not approve the transactions as selling off the said assets will cause ADAM to be considered as a cash company. As a result, ADAM might be posted ?NP? (Notice Pending) by the Stock Exchange of Thailand (SET) prior to being subject to temporary trading suspension. In addition, the company must proceed to have new operating business to meet the SET regulations within 12 months while its business plan remains unclear, jeopardizing its listed company status and trading of company shares in the future.  Although, ADAM board of directors agreed with IFA?s opinion, the board was of the view that it is shareholders? right to make the decision. Therefore, the agenda was proposed for shareholders? approval.

The above proposal would affect ADAM listing qualifications and trading of company shares in the future and it requires at least three quarters of total voting rights less interested shareholders to be approved. Accordingly, the SEC suggested ADAM shareholders carefully study relevant information, exercise their rights to protect their own interests and make inquiries at the shareholders? meeting so as to enable informed investment decision.