SUMMARY REPORT OF BOD'S MEETING, NO.8/2001

TP-MT/232/44 (FC077/44) November 12, 2001 Subject: Summary Report of Board of Directors' Meeting, no.8/2001 Attention: Managing Director, SET As Thantawan Industry Public Co.,Ltd. (THIP) had held the Board of Directors' meeting, no.8/2001 on Monday, November 12th, 2001 at 11.30 a.m. at Meeting room M, Flr. 36, 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. 7/2001 held on August 10th, 2001. 2. Approved the company's performance and verified Financial Statements for the 3rd quarter ended September 30, 2001. 3. Approved the report from Audit Committees 4. Approved the appointment of Mr. Kriengsak Kajornnamsong Administrative Director to replace a director who had resigned; therefore, the said director's responsibility and authority shall be as authorized directors as follows : 1) Mr. Huang Kuan Chiun 2) Mr. Phietoon Trivijitkasem 3) Mr. Dusit Sa-Ngiamsakdi 4) Mrs. PojanardPhanaskhao 5) Mr. Viroon Paolinjong 6) Mr. KriengsakKajornnamsong 2 out of 6 directors to co-sign and affix the company's seal to be legally binding of the company. 5. Approved and ratified the retrospective lending As THIP had issued a short term promissory note, due to the resolution of executive Board of Directors meeting No. 13/2001 on Thursday, August 23rd, 2001, to Sunflower Co.,Ltd., a major shareholder of THIP with 56.39% of total 8 million shares. The total loan amount is 23 million baht, with 10% interest per annum, or MLR +2% per annum and subject to whichever will be higher, and will pay back within December 20th, 2001. The Chairman of the meeting had proposed this topic in Board of Directors' meeting No.8/2001 on Monday, November 12th, 2001 to approve and ratify the said retrospective lending. The meeting examined the said transaction and because of the interest rate is better than what we are getting from bank and it is a short term loan only. Therefore, the meeting approved and ratified this retrospective lending between THIP and Sunflower Co.,Ltd. The total loan amount is 23 million baht pay back within December 20th, 2001. with 10% interest per annum, or MLR +2% per annum and subject to whichever will be higher. Meantime being strongly recomended by both the Auditor and Audit Committee the transaction has to inform SET accordingly which had been adapted by the meeting. 6. No any other matter. Please be informed accordingly. Very truly yours, (Mr. Huang Kuan-Chiun) (Mr.Phietoon Trivijitkasem) Director Director