Summary Minutes of General Shareholders' Meeting, No.1/2004

Ref. TP-MT/ 050/47 (FC021/47) 26th April, 2004 Subject: Summary Minutes of General Shareholders' Meeting, No. 1/2004 Attention: Managing Director, SET According to Thantawan Industry Public Co.,Ltd. (THIP) had held a general shareholders' meeting, no.1/2004 on Monday, April 26, 2004 at 10.00 am. at Thantawan 5 Room, 11th floor of Suntowers B Bldg., 123 Viphavadee-rangsit Road, Lardyao, Jatujak, Bangkok, there were 28 attendants having 4,153,200 shares, accounted for 51.92% of total 8,000,000 shares. The meeting had summary minutes as followings : 1. Approved the general shareholders' minutes of meeting, no.1/2003 which held on April 28, 2003 . 2. Approved business performance for the year ended 2003 . 3. Approved balance sheet and profit and loss statement of THIP for the year ended December 31, 2003 which passed auditing by CPA. 4. Approved the appropriation of profit as dividend for the year 2003 at the rate of 0.75 (point seven five) Baht per share, having total amount Baht 6 millions (six millions Baht), and the dividend shall be paid on Tuesday, May 25, 2004. 5. Approved election of 4 directors, whose terms were expired, to hold the same positions as follows: 1. Mr. PhietoonTrivijitkasem Director 2. Mr. Huang Kuan Chiun Director 3. Mr. Pasit Assamonkol Director 4. Mr. Wiboon Ratanakijkamol Director 6. Considered the appointment of the directors who resigned. 7. Approved the appointment of Mr.Pichai Dachanapirom, CPA no.2421 and/or Mr. Jetsada Hangsapluksa, CPA no.3759 of Dharmniti Auditing Co.,Ltd. as the company's certified public accountant for the year 2004, and fixed the remuneration for auditing financial statements for the year ended December 31, 2004 for the amount Baht 420,000.- (four hundred and twenty thousands Baht). Besides mentioned auditing company THIP will be able to appointed any as company's certified public accountant which should be approved by Board of SEC and SET. 8. Approved money loan to related or unrelated transaction under this agenda of cross-related transaction. There were 23 persons having 431,300 shares, accounted for 10.38% shareholders attending the meeting eligible for voting. The other 5 persons not eligible for voting hold 3,711,500 shares, Mr.Thaweewat Yinatsawaphan having 10,100 shares, Mr. Nam Mahathitirat having 100 shares, Mr. Phietoon Trivijitkasem having 100 shares and Mr. Kriengsak Kajornamsong having 100 shares, total 3,721,900 shares, accounted for 89.62% of shareholders attending the meeting. Approved money loan to related or unrelated transaction by 21 persons having 417,100 shares, accounted for 96.71% shareholders eligible for voting. There were 2 persons having 14,200 shares, accounted for 3.29% shareholders eligible for voting, They disapproved for the resolution to loan Sunflower Co., Ltd. For the amount of Baht 50 millions (fifty millions Bahts), 90 day terms at 10 percent per year and Sunflower should issue a new promissory note to substitute for. 9. Approved the amendment of company article of association "incase the company or subsidiary company agreed for a transaction which relate to each other as the announcement of SET defining the transaction of public company, the company must follow the rule as an announcement on each transaction" 10. No any other matter. Please be informed accordingly. Very truly yours, (Mrs. Pojanard Phanaskhao) (Mr. Phietoon Trivijitkasem) Authorized Director