SUBLEASE PREMISE AGREEMENT
24 November 2008
Ref.THIP-SET 153/2008
November 21, 2008
Subject : Approved the Business Transaction to sublease premise
and Services as storehouse
( A Supporting ordinary and normal business transaction)
Attention : President
The Stock Exchange of Thailand
According to Thantawan Industry Public Company Limited had held Board of
Directors' Meeting no. 8/2008 on Friday 21th of November 2008, the Board of
Directors approved the business transaction to sublease
premise and services as storehouse, the details are as follows:-
-Date of Transaction : 1st December 2008 - 30th November 2010
-Related Party : Suntowers Company Limited, a less or for premise and
services, whereas
Suntowers Enterprise Company Limited is Major shareholders jointly have
management
team with Thantawan Industry Company Limited namely are
1. Mr.Phietoon Trivijitkasem as the Thantawan Industry Company Limited ' s
Chairman also takes a title of Director of Suntowers Company Limited.
2. Mr.Huang Kuan-Chiun as the Thantawan Industry Company Limited ' s Deputy
Chairman and Managing Director also takes a title of Director of Suntowers
Company Limited.
3. Mrs.Pojanard Prinyapatpakorn as the Thantawan Industry Company Limited ' s
Director takes a title of Director and Managing Director of Suntowers Company
Limited.
4. Mr.Kraingsak Kajohnnamsong as the Thantawan Industry Company Limited ' s
Director takes a title of Director of Suntowers Company Limited.
- Type : Making sublease premise agreement in asset and services as storehouse
(12 Vibhavadi-Rangsit Rd.,Chomphon Chatuchak Bangkok )with related
party.
- Total Value : Two - years term for sublease premise agreement, total rental
and service fee 2,274,800 Baht being consisted of monthly fee 200 baht per
squared meter.
- Remuneration Policy : Rental and Service rate quoted on market price and
relatively to rental rate of neighbor.
- Director of connected transaction : They do not attend the meeting and have
no vote right.
(Mr.Phietoon Trivijitkasem, Mr.Huang Kuan-Chiun, Mrs.Pojanard
Prinyapatpakorn,Mr.Kraingsak Kajohnnamsong)
- Suggestion from Board of Directors and Audit Committee : Approved the
related transaction to sublease premise and services as storehouse at the
total amount of 2,274,800 Baht (two million, two hundred and seventy-four
thousand and eight hundred Baht) since being a common business dealing with
reasonable and fair price.
Please be informed accordingly.
Very truly yours,
(Mrs.Pojanard Prinyapatpakorn) (Mr.Huang Kuan-Chiun)
Authorized Director
