SUMMARY REPORT OF BOARD OF DIRECTORS'MEETING,NO.3/2002

TP-MT/040/45 (FC036/45) March 13th, 2002. Subject: Summary Report of Board of Directors' Meeting, no.3/2002 Attention: Managing Director, SET As Thantawan Industry Public Co.,Ltd. (THIP) had held the Board of Directors' meeting, no.3/2002 on Wednesday, March 13th, 2002 at 11.00 a.m. at room M, Floor 36, Suntowers B. Bldg. 123 Viphavadee- rangsit Road, Lardyao, Jatujak, Bangkok 10900, there were essential minutes as following : 1. Corrected the resolution of Board of directors' meeting no. 2/2002 agenda No. 4 to be "allocated net profit and approved dividend payment at the rate of Bt. 1.25 per share having total amount of 10,000,000 baht (Ten million baht only), and approved the minutes of Board of Directors' meeting, no. 2/2002. 2. Notified subjects : 2.1 The Board had been informed about the pay back of advance money for Plastic Biodegradable Patent amounting 1.4 million RMB, or Bt. 7,350,000.-. 2.2 The Board had been informed that THIP had passed the environmental management standard ISO 9001 version 2000 and ISO 14001 from SGS Thailand 3. Approved the information to be released in 56-1 form and Annual Report for the year 2001. 4. Approved the appointment of Audit Committee whose terms expired in 2002 to retain the same position in next serving term, and forward the matter for further consideration and approval by shareholders. 5. Approved dividend payment policy which would pay dividend contingent upon a condition of that year had earned net profit, and the dividend rate is subject to reasonable justification principal. The policy resolution will be presented to the shareholders' general meeting for consideration and approval. Please be informed accordingly. Very truly yours, (Mr.Huang Kuan-Chiun)(Mr.Phietoon Trivijitkasem) Director Director