Filing of Verified FS for Q3 of 2004 and 2003

THIP-SET/012/2547 November 12th,2004 Subject : Filing of Verified Financial Statements for the 3rd Quarter of 2004 and 2003 and Report on Comparative Operating Performance Between the 3rd Quarter Attention: Director and Manager,SET Enclosures: Verified Financial Statements and the Report of C.P.A. for the 3rd Quarter of 2003-2004, 2 copies (1 Thai and 1 English versions) Referring to SET regulations concerning Criteria, Conditions and Methods of Preparation, Filing, and Reporting on Financial Status and Business Performance of Listed Companies dated May 19, 1993 requiring the company's clarification on causes contributing to changes over 20 percent of business performances from the previous operating period accordingly, Thantawan Industry Public Co., Ltd. (THIP) would like to indicate the major causes for significant changes of business performances in the 3rd Quarter of 2004 as compared with the same Quarter in 2003 as following : The company's net profit is baht 15.859 million in third quarter of 2004 while the company's net profit in the same period in 2003 is baht 4.321 million, the change is over 20% caused by followings : 1.1 Sales Revenue of the third quarter of 2004 is baht 229.412 Million, baht 49.25 million increase from the third quarter of 2003 (baht 180.164 million) it was 27.34% increase, the since price of sales is increased by the price of raw material was rising up. 1.2 Selling and administrative expenses was decreased baht 3.09 million from baht 41.484 million in the third quarter of 2003 to baht 38.395 million in the third quarter of 2004, it was 7.45% decrease.The company is able to control the expenses and debt management therefore the allowance for doubtful account decrease. Please be informed accordingly. Very truly yours, (Mrs.Pojanard Phanaskhao)(Mr. Phietoon Trivijitkasem) Authorized Director