SUMMARY REPORT ON BOARD OF DIRECTORS' MEETING, SESSION 1/00

Ref.TP-MT015/43(FC010/43) February 1, 2000 Subject: Summary Report on Board of Directors' Meeting, Session 1/2543 Thantawan Industry Public Co., Ltd. (THIP) Attention: Managing Director, SET According to Thantawan Industry Public Co., Ltd (THIP) had convened Board of Directors' Meeting, Session 1/2543 on Tuesday, February 1, 2000 at 11:00 a.m. at Meeting Room 2, Floor 37th, Suntowers B Bldg. located at 123 Viphavadee-rangsit Road, Jatujak District, Bangkok herewith reported the essences of the meeting as followings: 1. Approved the minutes of Board of Directors' Meeting, Session 14/2542 which held on December 2, 1999. 2. Being informed the opinions of two independent price appraisal companies regarding land and building price appraisal, namely, Simon Lim Co., Ltd. and Chartered Property Consultant Co., Ltd., who are independent price appraisers acknowledging by SEC in which these opinions shall be presented further to the extraordinary meeting of shareholders. 3. Being informed the opinion of the financial advisor, Thai Sakura Finance and Securities Co., Ltd., regarding the entering into cross-related transaction with the parent company in which this opinion shall be presented further to the extraordinary meeting of shareholders. 4. Entering into cross-related transaction with the parent company: 4.1 Having resolution of approval on payment of damage compensation amounting Baht 6.50 Million to Sunflower Enterprise Co., Ltd. (SE) who is the parent company holding shares indirectly amounting 53% and the resolution on renting land with building and empty land at the renting rate of Baht 8.35 Million per year in which these resolutions shall be presented further to the extraordinary meeting of shareholders. 4.2 Having resolution of approval on the ageement made with SE in paying advance payment on land purchase amounting Baht 20.50 Million as stipulated in the agreement dated December 29, 1997 which shall be presented further to the extraordinary meeting of shareholders. 4.3 Having resolution of approval on purchasing of land with building and empty land plot from SE quoting price at Baht 85.0 Million which shall be presented further to the extraordinary meeting of shareholders. 5. Had set date of the extraordinary meeting of shareholders, Session 1/2543 on Monday, February 28, 2000 at 10:30 a.m. at Meeting Room 1, Thantawan Industry Public Co., Ltd. located at 143-144 Soi Kangwarl 2, Petchakasem Road, Tumbon Om-yai, Sampran District, Nakornpathom Province. 6. Had set date of closing the registration book of share transferring to determine the right of attending the extraordinay meeting of shareholders, Session 1/2543 convening on Tuesday, February 15, 2000 at 12:00 a.m. Please be informed accordingly. Sincerely yours Mr. Phietoon Trivijitkasem Mr. Pichai Tangwithetjit Director Director