Bangkok: Top Itthipat, the owner of Tao Kae Noi, has announced his resignation from the Stock Exchange of Thailand (SET) following the filing of civil charges by the Securities and Exchange Commission (SEC) in connection with the TKN insider trading case.
According to Thai News Agency, Mr. Itthipat Peeradechaphan has stepped down from his roles as Director and Chief Executive Officer, effective from October 27, 2025. Tao Kae Noi Food and Marketing Public Company Limited has communicated this development through a letter to the Directors and Managers of the Stock Exchange of Thailand. The letter addresses the SEC's imposition of civil penalties on five individuals accused of purchasing TKN shares based on insider information.
The document further identifies Mr. Jirapong Santiphiromkul, Deputy Managing Director, as the authorized person to report information for Tao Kae Noi Food and Marketing Public Company Limited. It indicates that the SEC released news no. 276/2025 on October 27, 2025, detailing the use of civil penalty measures against the five individuals involved in insider trading, including those who aided in the offense.
The resignation has reportedly not impacted the company's business operations. Tao Kae Noi is actively working on recruiting suitable candidates to fill the vacant positions and will provide updates to the Stock Exchange of Thailand on its progress.