Page 28 - One report AUCT2024_Eng

Part 1
Business Operation and Operating Results
Auction Service System
The Company has set up the system for vehicle pick up and clarification as follows:
1 2 Approve 3
4567
www.auct.co.th
Auction & Operation System
The Company developed the auction system as a Web Base with online connection with works system of branches, offices, and warehouses. During auction, vehicle pick-up information, vehicle photos, vehicle warehouses, sales information and monitoring result will be available and can be inspected immediately in real time.
Moreover, the Company’s branch management system has been decentralized from the head office where information can be synced online to reduce workload and speed up information transmission between branches and vehicle owners.
Auction Procedures
The Company provided 2 types of auctions for bidders. This includes raising a bidding card at an auction onsite Presently, the auction method has been changed, for instance, the bidders are required to wear wristbands and raise their hands instead of raising the auction cards and online (E-Auction).
28
Annual Registration Statement / Annual Report 2024
(Form 56-1 One Report)