SET AGM Date, Pay Dividend

THIP-SET/008/2549 February 24th, 2006. Subject: Summary Report of Board of Directors' Meeting, No.1/2006 Attention: Managing Director, SET Regarding Thantawan Industry Public Co.,Ltd. (THIP) had held the Board of Directors' meeting, no.1/2006 on Friday, February 24th, 2006 at 10.00 p.m. at room 1, Floor 32, Suntowers A. Bldg. 123 Viphavadee-rangsit Road, Chomphon, Jatujak, Bangkok 10900, there were essential minutes as following : 1. Approved minutes of Board of Directors' meeting, no. 10/2005 2. Approved the company's performance in 2005. The Board of Directors approved last year's performance and will propose to General Shareholder's meeting for consideration and approval. 3. Approved the financial statement as of December 31, 2005 and will propose to General Shareholder's meeting for consideration and approval. 4. Approved the allocation of net profit and dividend at Baht 1.5 (one point five baht) per share to be paid on Tuesday, May 23, 2006 and will propose to General Shareholder's meeting for nsideration and approval. 5. Approved the schedule and venue for General Shareholders' meeting, no.1/2006 will be held on Monday, April 24, 2006 at 10.00 am. at B1 room Suntowers B 11st Fl., 123 Viphavadee-rangsit Road, Chomphon, Jatujak, Bangkok. The agenda for the meeting are as follows : 5.1 Consideration of minutes of General Shareholders' meeting, no. 1/2005 5.2 Consideration of company's performance in 2005. 5.3 Consideration of financial statement for year ended Dec.31, 2005. 5.4 Consideration of dividend payment for year 2005. 5.5Consideration of new company's directors to replace to whose terms were expired. 5.6 Consideration of the remuneration of the company's directors for year 2005 5.7 Consideration of appointing the external auditor and fee for the year 2005. 5.8 Consideration other matters ( if any ) 6. Approved the appointment of four company's directors whose terms expired in 2006 as following to retain the same position in next serving terms: 1. Mrs.Pojanard Phanaskhao Director 2. Mr.Kriangsak Kajornnamsong Director 3. Ms.Narissai Mahathitirat Director 4. Mr.Surajai Boontanrart Director (replace to Mr.Manop Vorajitjamnong who resigned from company's director effectively on January 31,2006) Board of director acknowledged the expiry terms of 4 directors and approved to re-appointment them back as directors, during a consideration this agenda these 4 directors did not attain the meeting and this matter and will proposed to General Shareholder's meeting for approval. 7. Approved the closing date of share registration book to ascertain the rights of shareholders entitled in attending the general shareholders' meeting, no.1/2006 and the closing date of share registration book for dividend payment starting from Friday, April 7, 2006 at 12.00 am. onward until the closing time of the General Shareholders' meeting. 8.The Board of Directors approved Mr. Surajai Boontanrart to appoint him as company's director replacing Mr. Manop Vorajitjamnong who resigned from this position, and also looking for person who is qualified to replace Mr. Viroon 's position and will be proposed to General Shareholder's meeting for approval. 9.The Board of Directors approved the remuneration in terms of monthly payment to 11 persons who take the title as director of company in 2006 at the total amount of 2,520,000 baht (two million, five hundred twenty thousand baht) 10.The Board of Directors unanimously resolved to appoint Mr. Pichai Dachanapirom CPA registered no.2421 and/or Mr.Pojt Asawasantichai CPA registered no.4891, Ms. Chantra Wongsriu- domporn CPA registered no. 4996 other person whom approved by SET's committee office from Thammaniti as an auditor in 2005. The auditing fee is 420,000 Baht (Baht four hundred twenty thousand) per annum and any actual expenses related to the audit will be paid however it should not more than 45,000 Baht (Baht forty-five, thousand). This matter will be submitted to Shareholder meeting for approval. 11.Acknowledge the report of Audit Committee and approved company's management to proceed regarding to the suggestion of Audit Committee. 12.Audit Committee evaluated the internal control of THIP in 5 areas such as Organization and its Environment, Risk management, Operational control, Information system and communication, and Evaluation System including business transaction with major shareholder Board of director Management or related person were adequate and appropriate. 13.No any other matter. 13.1 According to management's proposal on inactive bank account, Board of Director approved them to close Bank of Ayudahya PLC., United Overseas Bank PLC. and Krung Thai PLC bank account which company had no business transaction. Please be informed accordingly. Very truly yours, (Mrs.Pojanard Phanaskhao)( Mr.Phietoon Trivijitkasem) Authorized Director