RESOLUTION PASSED AT SHAREHOLDERS' MEETINGS SESSION 1/1999

Ref. TP-MT035/99 (FC070/99) April 23, 1999 Subject: Minutes of Shareholders General Meeting, Session no. 1/2542 Attention: Director and Manager, Stock Exchange of Thailand Referring to Thantawan Industry Public Co.,Ltd. (THIP) had held shareholders general meeting, session no. 1/2542 on Friday, April 23, 1999 at 10.00 a.m. at Thantawan B5 Meeting Room, Floor 11th, Suntowers Bldg.B, 123 Viphavadi-rangsit Road, Ladyao, Jatujak District, Bangkok, herewith following agenda and minutes: 1. Approved the shareholders general meeting minutes, session no. 1/2541 held on April 23, 1998 which passed with majority vote. 2. Approved the companys performance in 1998 which passed with majority vote. 3. Approved the companys balance sheet and profit and loss statement for account- ing period ended December 31, 1998 which had been audited by auditors and approved by majority vote. 4. Allocated net profit for reserves required by law amounting Bt. 2,344,267.61 (Two Million Three Hundred Forty Four Thousand Two Hundred Sixty Seven Baht and Sixty-One Satang) and approved to pay dividend for accounting period of January 1 - December 1998 at rate of Bt.1.75 per share (One Baht and Seventy-Five Satang) having total amount Bt.14,000,000 (Fourteen Million Baht Only) which will be paid to shareholders on Friday,May 21, 1999.This minute was approved by majority vote. 5. Approved election of those 3 directors retired with their serving term to be appointed as the companys directors with another term and in the same positions which were passed with majority vote as following: 1. Mr. Pasit Assamongkol Vice Chairman 2. Mr. Chanin Saensuk Vice Chairman 3. Mr. Banleng Sornnil Independent Director 6. Approved appointment of additional 3 directors which were passed by majority vote as following: 1. Mr. Wiroon PaolinjongDirector and Assitant Managing Director 2. Pol.Col.Taweepan Sangprasert Independent Director 3. Mr. Singchai Aroonwuthipong Independent Director 7. Approved the designation of directors power and authority as authorized directors from any of these following 2 out of 10 directors to co-sign and affix the companys seal to be legally binding the company. This minute was passed with majority vote. 1. Mr.Nam Mahathitirat 2. Mr.Huang Kuan Chiun 3. Mr.ThaweewatYinatsawaphan 4. Mr.Pasit Assamongkol 5. Mr.Chanin Saensuk 6. Mr.Pichai Tangvitetchit 7. Mr.Phietoon Trivijitkasem 8. Mr.Panya Siripornpitak 9. Mr.JakkapongKongtaveeskullert 10. Mr.Viroon Paolinjong 8. Approved the appointment of Mr. Pichai Datchanapirom, CPA no. 2421, Dhama- nithi Auditing Co., Ltd. as the companys auditor in 1999 and approved auditing fees for accounting period ended on December 31, 1999 with amounting not over Bt. 196,000 (One Hundred Ninety-Six Thousand Baht Only) by which was passed by majority vote. Please be informed accordingly. Very truly yours, Mr.Pichai Tangvitetjit Mr.Phietoon Trivijitkasem Director Director