PREPARATION FOR READINESS IN SOLVING Y2K PROBLEM

Ref. TP-MT/084/98 (FC142) August 28, 1998 Re: Report Form on Preparation for Readiness in Solving Y2K Problem Thantawan Industry Public Co., Ltd. (THIP), whose conducting main business in manufacturing and exporting plastic products having headquarters located at 143-144 Soi Kangwarn 2, Phetkasem Road, Tambon Omyai, Amphur Sampran, Nakornpathom Province, Tel. (662) 431-3051-55, Fax (662)431- 3056-57, would like to report on preparation for readiness in solving Y2K problem as the first report covering information for the period ended as of 25 August 1998 as followings: Preparation for Readiness in Solving Y2K Problem 1. Analysis of Problem and Evaluation of the Impact THIP had organized management working team on Y2K problem totally 8 persons as follows: 1. Mr. Phietoon Trivijitkasem Managing Director 2. Mr. Jakkapong Kongtaweesakullert Assistant Managing Director 3. Mr. Viroon Powlinjong Assistant Managing Director 4. Mrs. Vachira Thaichon Vice President - Internal Audit & Development System Dept. (Acting) 5. Miss. Sureegarn Eaupermgaid Vice President - General Affairs Dept. (Acting) 6. Mr. Chumnun Kunnaratana Vice President - Budgeting / Accounting & Finance Dept. 7. Mr. Thammachon Lemsrikiratikul Deputy Vice President - Marketing & Sales Dept. 8. Mrs. Sawanee Horayothin Manager - Information System Division Managing Director had assigned management team, namely no. 2-8, to undertake analyze the problem and evaluate the impact which might happen and affect to computer systems of THIP in year 2000 in every lines of work organization and chain of commands. These computer systems encompass internal management system, production system, and computer system connecting to external parties or companies. This working team is responsible to report on details of the Y2K problem impact, level of Y2K problem, and guidelines and plans for solving the problem, including preparation of estimated budget for solving the Y2K problem. 2. Impact of Y2K problem in year 2000 towards THIPs business operation 2.1 On accounting and reporting systems. Presently, THIP has utilized software named MAC-2 running on DOS in which the softwarewas designed for using year field in system of B.E. (Buddhist Era) 2501 2600 or A.D. 1958 2057, therefore, will not get any effect from year 2000. This software specification was confirmed by the software vendor, Double Pine Co., Ltd., located at 205/265 Mu 9, Pattanakarn Road, Prawet District, Prakanong, Bangkok, Tel./Fax (02) 321-5378. 2.2 On operating system software, database management, and production application softwares. THIP had not utilized computer system in controlling operational systems, therefore, will notget any effect from the Y2K problem in year 2000. 2.3 Other computer systems both in 2.1 and 2.2 are installed independently from each other asthe Stand-Alone system therefore will not cause any damages to the total operational systems of THIP. 2.4 Impact which might be caused by external factors. Since THIP did not have any of its computer systems connected to customers or suppliers, therefore, will not get any problem impact to the companys working systems. 3. Analysis Results and Explanation of Management 3.1 As a result of the above management working team had undertaken the analysis of the Y2K problem and evaluate the circumstances regarding all computer systems both hardware and software thoroughly, the management had concluded that all computer systems of the company will not get any effect from the Y2K problem. 3.2 Eventhough the company had concluded its findings as stated in 3.1, however, the manage-ment working team will continue to monitor and evaluate the Y2K problem and its impact closely and periodically. Certification of Correctness of the Reported Information I had checked the report statements and information in this report form, then, certified that such above report statements and information were correct and all inclusive, having not false statements, having not made anyone mistaken of the facts or had missed any facts which had to be materially informed in which might cause damages to those securities holders or purchasers. For this case and to be evidence that all these documents are documents which I had checked and certified of correctness as the same copy, I had assigned to Mr. Phietoon Trivijitkasem as one who signed all pages of this documents. If any of these documents had not signature of Mr. Phietoon Trivijitkasem on that page, I shall not accept it as the certified information given as reported. Name Title Signature 1. Mr. Nam Mahathitirat Director & Chairman 2. Mr. Huang Kuang-Chiun Director & Vice Chairman 3. Mr. Thaweewat Yinatsawaphan Director & Vice Chairman 4. Mr. Pasit Assamongkol Director & Vice Chairman 5. Mr. Chanin Saensuk Director & Vice Chairman 6. Mr. Pichai Tangwithetchit Director & Vice Chairman 7. Mr. Phietoon Trivijitkasem Director & Managing Director 8. Mr. Jakkapong Kongtaweesakullert Director & Assistant Managing Director 9. Mr. Panya Siripornpitak Director & Vice President Purchasing (Acting) Proxy & Assignee Name Title Signature Mr. Phietoon Trivijitkasem Director & Managing Director