Jasmine International Public Company Limited announced on 16 September 2019 with respect to the civil sanction imposed against relevant persons on the incident of Jasmine Telecom Systems Public Company Limited (JTS) which include Mr. Pete Bodharamik, director and Chief Executive Officer of the Company. The news also state that as a result of the civil sanction, he will be deemed to lack the trustworthiness characteristic and shall
be disqualified to hold any executive and director positions of a listed company, of which to be processed by the SEC for the next step. At present, the Company has not received any letter from the SEC on the vacating of Mr. Pete
Bodharamik from the position of director and executive, but has received a resignation letter of Mr. Pete Bodharamik stating that he has not yet received details on this matter from the SEC but, in view of the good corporate governance principle, he tendered his resignation from the aforesaid positions effective from 17 September 2019. In this regard, the Company will hold the Board of Directors' Meeting on an urgent basis to consider an appointment of the vacant positions of Mr. Pete Bodharamik.