SUMMARY REPORT OF BOARD OF DIRECTORS' MEETING, NO. 5/2543

TP-MT/049/43 (FC049/43) March 17, 2000 Subject: Summary Report of Board of Directors' Meeting, no.5/2543 Attention: Managing Director, SET As Thantawan Industry Public Co., Ltd. (THIP) had held the Board of Directors' meeting, no.5/2543 on Friday, March 17, 2000 at 11.10 a.m. at Meeting room 1, Floor 11, Suntowers B. Bldg. at 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok 10900, there were essential minutes as followings: 1. Approved minutes of meeting of Board of Directors, no. 4/2543 held on Tuesday,March 7, 2000. 2. Approved the balance sheet and the profit and loss statement for year ended Dec. 31, 1999 and forward for further consideration and approval by shareholders. 3. Approved dividend payment by the rate of Bt. 1 (One Baht) per share which proposed to be paid on Tuesday, May 23, 2000 and forward the matter for further consideration and approval by shareholders. 4. Approved the date of convening for general shareholders' meeting, no.1/2543 on Monday, April 24, 2000 at 10.30 a.m. at Meeting room 1, Floor 11, Suntowers B, 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok to consider following agenda: 1. Considering for approval of minutes of the general shareholders' meeting, no. 1/2542. 2. Considering for approval of business performance in 1999. 3. Considering for approval of balance sheet and profit and loss statement for year ended as of December 31, 2000. 4. Considering the profit allotment and approval for dividend payment. 5. Considering the election of new directors for replacing those directors whom their terms were expired. 6. Considering appointment of addtional directors. 7. Considering designating powers of directors. 8. Considering appointment of auditor and compensation. 9. Considering other matters (if any). 5. Approved the closing date of share registration book to ascertain the rights of whom are entitled in attending the general shareholders' meeting, no.1/2543 and payment of dividend starting from Wednesday, April 5, 2000 at 12.00 a.m. onward until the closing time of the general shareholders' meeting. 6. Approved the appointment of four company's directors whom their terms expired in 2000 as following: 1. Mr. Nam Mahathitirat 2. Mr. Thaweewat Yinatsawaphan 3. Mr. Pichai Tangwithetchit 4. Mr. Jakkapong Kongtaweesakullert The appointees whom shall retain the same position in next serving term were: 1. Mr. Nam Mahathitirat 2. Mr. Pichai Tangwithetchit 7. Approved the appointment of auditor named: Mr. Pichai Dachanapirom, CPA no. 2421 of Thammaniti Auditing Co., Ltd. as auditor in year 2000 and approved auditors' compensation for year ended December 31, 2000 amounting Bt. 189,000.- (One hundred eighty nine thousand Baht) in which the matter shall be proposed further to the general shareholders' meeting for consideration and approval. 8. Other matters: 8.1 Approved appointment of two additional directors as following: 1. Mr. Dusit Sa-ngiamsakdi 2. Mr. Sombat Kittipokiratana In this regard, the new Board of Directors shall have 12 persons which deemed adequate and suitable in undertaking management efficiently and effectively whereby the matter shall be further proposed to the genenral shareholders' meeting for consideration and approval. 8.2 Approved designation of powers of directors as following: Numbers of or names of directors who are authorized directors in signaturing for legal binding effect of the company are: 1. Mr. Nam Mahathitirat 2. Mr. Huang Kuan-Chiun 3. Mr. Pichai Tangwithetchit 4. Mr. Phitoon Trivijitkasem 5. Mr. Viroon Pawlinjong These any two of five directors above co-signing and affixing the official company's seal shall have legal binding effect of the company whereby this matter shall be proposed further to the general shareholders' meeting forconsideration and approval. Please be informed accordingly. Very truly yours, (Mr.Phichai Tangwithetchit) (Mr.Nam Mahathitirat) Director Director