Page 24 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Juristic entities: Including financial institutions and leasing companies with seized automobiles
from the auto financing services, car rental companies with vehicles that have reached the end of their
economic useful life, and general companies with executive cars or company cars for employees, cars for
goods transportation including vehicles in a group of personal loan with vehicle registration manual as
collateral which has been additional auction increased by the Company.
Individuals: Including house holding car owners and used car traders (garages) wishing to
dispose of their cars for a stock turnover.
Most bidders both used car dealers and individual customers are in used car business who buy
cars from the Company to resell to their customers.
2) Motorcycles
The Company has motorcycle auction service accounts for 5 - 10% of total revenues. The
Company provides auction service in every type, make and model of motorcycles. Most property owners
are financial institutions with seized motorcycles from their motorcycles financing services and vehicles in
a group of personal loan with vehicle registration manual as collateral. Major bidders are used motorcycle
dealers, new and used motorcycle shops, including end users which tends to increase. Thus, the company
has focused in expanding end user customers.
3) Other types of property
Other types of property auction by customer’s request accounts for less than 1% of total revenues.
The purpose of these additional services is to create corporate’s image to comply with the term Union
Auction which means a variety of property to be auctioned. The purpose is also to expand the bidder
customer base to create business opportunity growth in the future.
The Company’s other auctions, i.e., 5G spectrum, FM radio waves, phone number auction,
obsolete office equipment, Brand-name products, electrical appliances, a golfer's precious thing, and real
estate, etc.
24
Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)