Report on The Resolution of AGM of Shareholders No.1/2006

Ref. THIP-SET 027/2549 24th April, 2006 Subject: Summary Minutes of General Shareholders' Meeting, No. 1/2006 Attention: Managing Director, SET According to Thantawan Industry Public Co.,Ltd. (THIP) had held a general shareholders' meeting, no.1/2006 on Monday, April 24, 2006 at 10.05 am. at Thantawan B1 Room, 11th floor of Suntowers B Bldg., 123 Viphavadee-rangsit Road, Chomphon, Jatujak, Bangkok, there were 38 attendants having 5,644,000 shares, accounted for 70.55% of total 8,000,000 shares. The meeting had summary minutes as followings : 1.Approved the general shareholders' minutes of meeting, no.1/2005 which held on April 25, 2005 . 2.Approved business performance for the year ended 2005 . 3.Approved balance sheet and profit and loss statement of THIP for the year ended December 31, 2005 which passed auditing by CPA. 4.Approved the appropriation of profit as dividend for the year 2005 at the rate of 1.5 (one baht and fifty stang) Baht per share, having total amount Baht 12 millions (twelve millions Baht), and the dividend shall be paid on Tuesday, May 23, 2006. 5.Approved election of 4 directors, whose terms were expired, to hold the same positions as follows: 1. Mrs.Pojanard Phanaskhao Director 2. Mr.Kriangsak Kajornnamsong Director 3. Ms.Narissai Mahathitirat Director 4. Mr.Surajai Boontanrart Director 6. Approved the remuneration in terms of salary and monthly payment to 11 persons who take the title as director of company in 2006 at the total amount of 2,520,000 baht (two million five hundred and twenty thousand baht) 7. Approved the appointment of Mr.Pichai Dachanapirom, CPA no.2421 and/or Mr. Pojit Asawasantichai, CPA no.4891 and/or Ms.Chantra Wongsriudomporn CPA no.4996 of Dharmniti Auditing Co.,Ltd. as the company's certified public accountant for the year 2006, and fixed the remuneration for auditing financial statements for the year ended December 31, 2006 for the amount Baht 420,000.- (four hundred and twenty thousands Baht). 8. No any other matter. Please be informed accordingly. Very truly yours, (Mrs.Pojanard Phanaskhao) (Mr. Phietoon Trivijitkasem) Authorized Director