KEX Express (Thailand) Public Company Limited (KEX) Earnings Call Transcript & Summary

[Interpreted] So following the destination of CE sign on KEX that was hosted on August 15. Given KEX's challenging business prospects and having a recorded losses of 14 consecutive financial quarters, fundraising through the Stock Exchange of Thailand, SET has become quite challenging and also significantly less effective under the company's current circumstances. However, the company still requires funding to support its business operations. Consequently, future funding is likely to rely primarily on financial support from the company's major shareholders. Therefore, the voluntary delisting of KEX's securities from the SET is considered a practical solution to address this cautious business side posted by the SET, which serves as a warning to investors that the company is experiencing financial and operational difficulties as the shareholders' equity is actually less than 50% of its paid-up capital. In this year, actually it's been quite a fruitful journey or quite an eventful journey. KEX has been subject to CE signs imposed by the SEC and the company has conducted 2 company presentations already to investors. The first one is on June 18, 2025, which is regarding the CF destination, [indiscernible] of free flow. The second one is on 13th of August, following the [ CE ] destination, which is the noncompliance related with our hiring of the independent directors. You can see the previous presentations at the SET's YouTube channel. And regarding for the CE sign posting, which is as of today and posted on August 15, as explained in the previous slide, KEX has marked with the CE sign by the SET on the following day and the submissions of its financial statements of Q2 results ended June 30, 2025. The company's shareholders' equity declined to 21.99% of paid-up capital, falling below 50% of the threshold required by the SET. [Foreign Language] [Portions of this transcript that are marked [Interpreted] were spoken by an interpreter present on the live call.]