Bangkok, March 13, 2015 ? The SEC filed a criminal complaint with the Department of Special Investigation (DSI) against Yongyuth Ngamkaiwan and Vorapin Ngamkaiwan for using inside information to sell Thai Unique Coil Center Plc. (TUCC) shares. The filing of criminal complaint resulted from their failure to pay the fines imposed by the Settlement Committee, causing the criminal case to be unsettled.

In this case, the SEC?s probe found that Yongyuth and Vorapin had sold TUCC shares in such a way that taking advantage of others by using non-public information material to TUCC share price. They learnt of such information from their positions as CEO and chief finance officer, respectively. The information was about allowance for doubtful account on trade accounts receivable resulting in TUCC operating loss. Their actions were in violation of Section 241, subject to sanctions under Section 296 of the Securities and Exchange Act B.E. 2535 (1992). On June 18, 2014, Yongyuth and Vorapin agreed to enter the settlement procedure (SEC News No. 87/2014), but later failed to make fine payment in full as specified by the Settlement Committee.  The criminal case has thus not been regarded as settled.

In this connection, Yongyuth and Vorapin are deemed as having untrustworthy characteristics of a publicly held company director and executive throughout the criminal proceeding period. On criminal proceedings, they have the right according to criminal justice process to clarify and present information and evidence to the respective authorities.

In any case, the filing of a criminal complaint commences the criminal justice administration; whereby the court will judge the case accordingly.

Information contained in this news release is as of the aforementioned release date. For those who wish to see current status of the matter,
please go to compliant filed with inquiry officer