Securities and Exchange Act B.E. 2535 (1992) and Section 9 and Section 15 of the Trust for Transactions in Capital Market Act B.E. 2550 (2007) which contain certain provisions relating to the restriction of

Section 19(3) of the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No.4) B.E. 2535 (1992) which contains certain provisions on restriction of rights and

the unit holders, under Clause 23 and Clause 24; (16) the restriction of unit holders’ right when exceeding the holding ratio or when having extraordinary interest in the matter, under Clause 25; (17

accounting principles. Moreover, the auditor was unable to find sufficient supporting evidence to satisfy the audit procedures due to limitation on scope of audit imposed by the PICNI management in various

satisfy the audit procedures due to limitation on scope of audit imposed by the PICNI management in various matters including inability to obtain certification from the company?s management regarding

due to the limitation on auditing by the company?s executives on the matters concerning the company and its subsidiaries? failures to appraise the fair value of land, constructions and equipments. In

limitation, the unit sale for capital increase, and the borrowing with limited purposes and portion. The SEC encourages the public and stakeholders to read the background documents and participate in the

Bangkok, March 27, 2012 ? The SEC directs Pan Asia Footwear Plc. ("PAF") to rectify its financial statements for Q3/2011 and year 2011 due to the company ' s management imposed scope limitation and

financial difficulty and unable to maintain adequate net capital as prescribed. The revised rules include rectification period, restriction of business operations during rectification period and undertakings

securities brokering, dealing, underwriting, mutual fund management, private fund management, securities financing, securities borrowing and lending; (2) “customers/ clients” means natural persons or entities