SUMMARY REPORT OF BOARD OF DIRECTORS' MEETING #7/2002

TP-MT/138/45 (FC094/45) October 14th, 2002. Subject: Summary Report of Board of Directors' Meeting, no.7/2002 Attention: Managing Director, SET As Thantawan Industry Public Co.,Ltd. (THIP) had held the Board of Directors' meeting, no.7/2002 on Monday, October 14th, 2002 at 10.00 am. at Meeting room M, Floor 36, Suntowers B. Bldg. 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok 10900, there were essential minutes as follow : 1. Approved minutes of meeting of Board of Directors, no. 6/2002. 2. The Board of Directors agreed that the lending between Thip and Sunflower Co.,Ltd. amounting ThB 25 Million was one of the best ways to maximize returns of cash surplus. In this regard, the meeting considered that the said transaction had been considered and approved by the extraordinary meeting, and thus applicable for the similar case. Therefore, the meeting unanimously approved and gave ratification to the transaction. 3. Approved the date of convening for extra-ordinary shareholders' meeting, no. 2/2002 on Monday, November 18th, 2002 at 9.00 am. at room Thantawan 3, 11st Fl., Suntowers B Bldg., 123 Vibhavadi-rangsit, Ladyao, Jatujak, Bkk. 4. Approved the agenda for the extra-ordinary shareholders' meeting as follows : 1) Consideration of minutes of extra-ordinary shareholders' meeting, no. 1/2002 held on February 25th, 2002, 2) Consideration of Sunflower Co.,Ltd.'s money loan transaction, 3) Other matter (if any), and the closing date of share registration book to ascertain the right of those who are entitled in attending the meeting no. 2/2002 starting from Monday, October 28th, 2002 at 12.00 pm. onward until the closing time of the extra-ordinary shareholders' meeting. 5. No any other matter Please be informed accordingly. Very truly yours, (Mr.Phietoon Trivijitkasem) (Mr.Huang Kuan-Chiun) Authorized Director