Page 30 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Auction Service System
The Company has set up the system for vehicle pick up and clarification as follows:
1
2 3
Approve
8
Pick up vehicle,
take exterior/interior photos of vehicle,
then record data into the system.
7
Receive sales order
and take it into asset
preparation process.
Clean exterior and
interior part of the engine room.
6
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www.auct.co.th
Arrange auction both
at the yard and/or online.
Vehicle pending for sale
and its status must be ready
to be checked online.
Clarify condition
and conduct inspection
before entering auction.
Prioritize the auction,
take new photos and upload
them on the website.
4
Vacuum and coat interior
of the engine room and wheels.
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 onsite and online.
1. Wearing an auction wristband raising at the Auction Site
This is a basic auction. The auction participants will wear wristbands and raise hands to bid
within the area of price competition line to public to compete for the prices when the auctioneer calls out
an incremental amount each time. The bidder who places the highest bid wins the auction.
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Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)