# SEC Grants Extension for Submission of EE’s Amended Financial Statements (SEC News)

- Link: https://www.thailand-business-news.com/markets/192679-sec-grants-extension-for-submission-of-ees-amended-financial-statements-sec-news
- Published: 2025-02-03T10:22:36+07:00
- Author: SiamNews PR

**SEC extended deadline for EE to submit rectified financial statements for 2023
and 2024. Observations on asset impairment needed adjustments. EE requested extension
due to IFA review and auditor timing. Deadline extended.**

---

Bangkok, 31 January 2025 – The Securities and Exchange Commission (SEC) has announced
an extension for Eternal Energy Public Company Limited (EE) to submit the revised
financial statements for the year 2023 and the third quarter of 2024. The new deadlines
are 28 February 2025 for the 2023 statements and 10 March 2025 for the third-quarter
2024 statements, replacing the original deadline of 10 February 2025.

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Previously, the SEC raised concerns regarding the reasonableness and appropriateness
of the assumptions used to calculate the recoverable amount for assessing asset 
impairment losses related to Cannabiz Way Co., Ltd. and CBD Bioscience Co., Ltd.,
which could affect both EE’s consolidated and separate financial statements.

The SEC has instructed EE to amend the financial statements for the year 2023 and
the third quarter of 2024. The revised financial statements must be audited and 
reviewed by the auditor and submitted accordingly. At the same time, EE must disclose
the relevant information in compliance with Section 56 of the Securities and Exchange
Act B.E. 2535 (1992). Furthermore, the amended financial statements and the rectification
report must be publicly disclosed through the SETLink Electronic System no later
than February 10, 2025.

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The SEC has allowed EE to delay the submission and public disclosure of its revised
financial statements for the year 2023 and the third quarter of 2024. These statements
must undergo auditing and review by the auditor before being submitted, along with
the relevant reports, through the SETLink Electronic System. The deadline for the
2023 revised financial statements is February 28, 2025, while the deadline for the
third quarter of 2024 is March 10, 2025.

**Source** : [SEC allows extension of deadline for submitting EE’s rectified financial statements](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11532&rand=113627)