RESOLUTION PASSED AT SHAREHOLDERS' MEETINGS, NO.1/2003

Ref.TP-MT/038/46 (FC046/46) 28th April, 2003 Subject: Summary Minutes of General Shareholders' Meeting, No. 1/2003 Attention: Managing Director, SET According to Thantawan Industry Public Co.,Ltd. (THIP) had held a general shareholders' meeting, no.1/2003 on Monday, April 28, 2003 at 10.10 am. at Thantawan 1 Room, 11th floor of Suntowers B Bldg., 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok, there were 27 attendants having 4,751,900 shares, accounted for 59.40% of total 8,000,000 shares. The meeting had summary minutes as followings : 1. Approved the general shareholders' minutes of meeting, no.1/2002 which held on April 29, 2002 . 2. Approved business performance for the year ended 2002 . 3. Approved balance sheet and profit and loss statement of THIP for the year ended December 31, 2002 which passed auditing by CPA. 4. Approved the appropriation of profit as dividend for the year 2002 at the rate of 1.00 (One) Baht per share, having total amount Baht 8 million (Eight Million Baht), and the dividend shall be paid on Friday, May 23, 2003. 5. Approved election of 4 directors, whose terms were expired, to hold the same positions as follows: 1. Mr. Dusit Sa-Ngiamsakdi Director 2. Mrs.Pojanard Phanaskhao Director 3. Mr. Kriengsak Khajornamsong Director 4. Mr. Manop Vorajitjamnong Director 6. Approved the appointment of Mr.Apichai Sawpitiporn, Assistant Managing Director, as new company's director replacing the resigned director. 7. Approved the appointment of Mr.Pichai Dutchanapirom, CPA no. 2421 and/or Mr. Jetsada Hangsapluk, CPA no. 3759 of Thammanithi Auditing Co.,Ltd. as the company's certified public accountant for the year 2003, and fixed the remuneration for auditing financial statements for the year ended December 31, 2003 for the amount Baht 445,000.- (Four Hundred and Forty-Five Thousand Baht). 8. Confirmed the approval of money loan to Sunflower Co.,Ltd. Under this agenda of cross-related transaction, there were 5 persons not eligible for voting; Sunflower Co.,Ltd. having 3,711,500 shares, Mr.Thaweewat Yinatsawapan having 10,100 shares, Mr. Nam Mahathitirat having 100 shares, Mr. Phietoon Trivijitkasem having 100 shares and Mr. Kriengsakdi Kajornamsong having 100 shares, total 3,721,900 shares, accounted for 78.32% of shareholders attending the meeting. The remaining 22 shareholders with 1,030,000 shares approved the resolution, accounted for 100% approval. 9. Approved credit line for related or unrelated transaction with credit limit not exceeding Baht 50 Million. Under this agenda of cross-related transaction, there were 5 persons not eligible for voting; Sunflower Co.,Ltd. having 3,711,500 shares, Mr.Thaweewat Yinatsawapan having 10,100 shares, Mr. Nam Mahathitirat having 100 shares, Mr. Phietoon Trivijitkasem having 100 shares and Mr. Kriengsakdi Kajornamsong having 100 shares, total 3,721,900 shares, accounted for 78.32% of shareholders attending the meeting. The remaining 22 shareholders with 1,030,000 shares approved the resolution, accounted for 100% approval. 10. No any other matter. Please be informed accordingly. Very truly yours, (Mr. Phietoon Trivijitkasem) (Mr. Huang Kuan-Chiun) Authorized Director