DIVIDEND PAYMENT AND REGISTRAR BOOK CLOSING DATE

TP-MT/009/44 (FC007/44) February 23rd, 2001 Subject: Summary Report of Board of Directors' Meeting, no.2/2001 Attention: Managing Director, SET As Thantawan Industry Public Co., Ltd. (THIP) had held the Board of Directors' meeting, no.2/2001 on Friday, February 23, 2001 at 11.00 am. at Meeting room 2, Floor 37, Suntowers B. Bldg. 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok 10900, there were essential minutes as follow : 1. Approved minutes of meeting of Board of Directors, no. 1/2001 held on February 5, 2001. 2. Approved the company's performance in 2000 Chairman of the meeting let Mr.Viroon Paolinjong, Managing Director, reported last year's performance such as exporting, currency exchange, Sales,other decreasing income, profit from exchange rate,cost of sales, operating expense. However, THIP has ability to reduce cost of administration and rental expense. THIP still be able to maintain its gross margin at 25% that made it get more benefit than last year. For Financial Status, THIP has increased in total asset and decreased in current asset. Current asset per total asset was decrease but increase in fixed asset in Land building and equipment. For Cash flow, THIP earns profit from operation , more investment than last year that decreases cash in hand at the year end 2000. Less liquidity due to investment in Land and building. Therefore THIP has confident in liquidity because all investment in 2000 are from operating budget without any liability. 3. Approved the balance sheet and the profit and loss statement for year ended Dec.31, 2000 Chairman asked Mr.Chumnan Kulnarat to describe balance sheet and profit and loss statement as at December 31, 2000. 4. Allocated net profit and approved dividend payment by the rate of Bt. 1.25 (One Baht twenty-five satang) per share which proposed to be paid on Friday, May 18, 2001 and forward the matter for further consideration and approval by shareholders. 5. Approved the date of convening for general shareholders' meeting, no.1/2001 on Thursday, April 19, 2001 at 10.00 am. at Suntowers B- 11th Fl., 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok. 6. Approved the closing date of share registration book to ascertain the rights of whom are entitled in attending the general shareholders' meeting, no.1/2001 starting from Friday, March 30, 2001 at 12.00 am. onward until the closing time of the general shareholders' meeting. 7. Approved the appointment of four company's directors whom their terms expired in 2001 as following to retain the same position in next serving term: 1. Mr. Phietoon Trivijitkasem Chairman 2. Mr. Huang Kuan Chiun Vice Chairman 3. Mr. Pasit Assamongkol Vice Chairman 4. Mr. Thammachon Limpsrikiratikul (replace Mr.Chanin Saensuk who is resigned, so he completed his term) Director The Board recommended appointment of Mr.Krairong Navigphol, Assistant Managing Director, to replace the position of Mr.Pichai Tangvithetchit, who is dead, as Director. 8. Audit Committee evaluated efficiency of Internal Control Prof.Banleng Sornnil, Chairman of Audit Committee evaluated company's efficiency of Internal Control by questioning the Board of Directors.From evaluation of 5 parts which comprise of Organizational Control & Environment measure, Risk Management measure, Management Control Activities, Information & Communication measure and Monitoring. Board of Directors felt that THIP has efficiency enough in Internal Control to deal with major shareholders, Directors and any related person, and also other topics of Internal Control. 9. Approved the appointment of auditor named: Mr. Pichai Dachanapirom, CPA no. 2421 of Thammaniti Auditing Co.,Ltd. as auditor in year 2001 in which the matter shall be proposed further to the general shareholders' meeting for consideration and approval. The details are as follow : 2001 2000 +/- Audit expense 189,000 189,000 - Reviewed Financial Report 3 times 138,000 126,000 12,000 Other expenses not exceed 45,000 45,000 - Total 372,000 360,000 12,000 10. Other matter : Due to Agenda no.7, the Board of Directors has appointed Mr. Krairong Navigphol as Director. Therefore, designation of powers of directors has to change from 2 of 5 to be 2 of 6. Numbers of or names of directors who are authorized directors in signaturing for legal binding effect of the company are: 1. Mr. Phitoon Trivijitkasem 2. Mr. Huang Kuan-Chiun 3. Mr. Viroon Pawlinjong 4. Mr. Dusit Sa-ngiamsakdi 5. Mrs. Pojanart Panaskao 6. Mr. Krairong Navigphol These any two of six directors above co-signing and affixing the official company's seal shall have legal binding effect of the company. Please be informed accordingly. Very truly yours, (Mr. Phietoon Trivijitkasem) (Mr. Huang Kuan-Chiun) Director Director