Distribute the Dividend and set date for AGM

Ref.THIP-SET/002/2550 February 22th, 2007. To : The President The Stock Exchange of Thailand Subject : Notification of the Resolutions of Thantawan Industry Public Company Limited's Board of Directors Meeting No.1/2007 The Board of Directors Meeting of Thantawan Industry Public Company Limited No.1/2007 held on February 22, 2007 has resolved the following significant matters which will be proposed to the Shareholders' Meeting for consideration as follows: 1. To certify the Balance Sheets and Statement of Income for the year ended December 31, 2006 which have been considered by the Audit Committee and audited by the Certified Public Accountant for further submission to the shareholders for approval in the 2007 Shareholders' Annual General Meeting. 2. To propose for approval at the Shareholders' Annual General Meeting the dividend payment of Baht 1 per share for the 2006 performance . The dividend will be paid by May 25, 2007 to shareholders with names registered in the Register of Shareholders on April 9. 2007 at 12:00 hours. 3. To approve the convening of the General Meeting of Shareholder No.1/2007 which will take place on Thursday, April 26, 2007 at 10.00 am. at B1 room Suntowers B 11st Fl., 123 Viphavadeerangsit Road, Chomphon, Jatujak, Bangkok, to consider the following agendas: 1). To consider adopting the Minutes of the General Meeting of Shareholders No.1/2006. Board of Directors' opinion It is considered for the Meeting of Shareholders to approve the said minutes. 2). To acknowledge the Board of Directors'report on year 2006 operations Board of Directors' opinion It is considered to report the year 2006 operations to the Meeting of Shareholders. 3). To consider approving the Balance Sheet and the Statement of Income for the year ended December 31, 2006. Board of Directors' opinion It is considered for the Meeting of Shareholders to approve the Balance Sheet and The Statement of Income for the year ended December 31, 2006 which have been considered by the Audit Committee and have been audited by the Certified Public Accountant. 4). To consider approving the appropriation of profit from year 2006 operating results and the dividend payment. Board of Directors' opinion It is considered for the Meeting of Shareholders to approve the appropriation of profit from the operating results of year 2006 and dividend payment. The dividend will be paid on May 25, 2007 to shareholders registered on April 9, 2007 at 12.00 hours amount Baht 1 share. 5). To consider the appointment of directors to replace those resigned. Board of Directors' opinion The Board of Directors approved to appoint Mr.Teerachai Siritunyanont as company's director & Secretary of meeting replacing Surajai Boontanrart and appoint Mr.Somsak Puckdeesattakul as company's director replacing Mr.Viroon Paolinjong who resigned from this position and will be proposed to General Shareholder's meeting for approval. 6). To consider the election of directors to replace those retired by by term. Board of Directors' opinion The Board of Directors, exclusive of the nominated directors, considered for the Meeting of Shareholders to re-elect Mr.Phietoon Trivijitkasem, Mr.Huang Kuan Chiun, Mr.Wiboon Ratanakijkamol and Mr.Somsak Puckdeesattakul, who are retired by term, as the Company's directors for another term. 7). To consider the remuneration of directors for year 2007. Board of Directors' opinion It is considered for the Meeting of Shareholders to approve the Board of Directors remuneration, as follows: Description 2007 persons Proposed to AGM Remuneration of meeting's allowance - Director Management 7 1,560,000 - Non Director Management 4 960,000 Total 11 2,520,000 Description 2006 persons Proposed to AGM Paid Remuneration of meeting's allowance - Director Management 8 1,680,000 1,400,000 - Non Director Management 3 840,000 840,000 Total 11 2,520,000 2,240,000 Remark: In during 2006 have director 3 persons resigned.- - Mr.Viroon Paolinjong resigned since February 1, 2006. - Mr.Manop Vorajitjamnong resigned since February 1, 2006. - Mr.Surajai Boontanrart resigned since November 1, 2006. 8).To consider the appointment and remuneration of the auditors. Board of Directors' opinion It is considered for the Meeting of Shareholders to appoint Mr. Pichai Dachanapirom CPA registered no.2421 and/or Mr.Pojt Asawasan-tichai CPA registered no.4891, Ms. Chantra Wongsriudomporn CPA registered no. 4996 other person whom approved by SET's committee office from Thammaniti as an auditor in 2007. The auditing fee is 420,000 Baht (Baht four hundred twenty thousand) per annum and any actual expenses related to the audit will be paid however it should not more than 45,000 Baht (Baht forty-five thousand). This matter will be submitted to Shareholder meeting for approval. 9). Other matters ( if any ) The closing date of the Company's share register book for determining the right to attend the General Meeting of Shareholders No.1/2007 and the right to receive dividend is from 12.00 hours of April 9,2007 until the General Meeting of Shareholders No.1/2007 is finished. Please be informed accordingly. Very truly yours, (Mrs. Pojanard Prinyapatpakorn) (Mr.Huang Kuan Chiun) Authorized Director