AGM&Divide Payment 2551

Ref.THIP-SET/017/2008 February 19 th, 2008. To : The President The Stock Exchange of Thailand Subject : Notification of the Resolutions of Thantawan Industry Public Company Limited's Board of Directors Meeting No.1/2008 The Board of Directors Meeting of Thantawan Industry Public Company Limited No.1/2008 held on February 19, 2008 has resolved the following significant matters which will be proposed to the Shareholders' Meeting for consideration as follows: 1. To certify the Balance Sheets and Statement of Income for the year ended December 31, 2007 which have been considered by the Audit Committee and audited by the Certified Public Accountant for further submission to the shareholders for approval in the 2008 Shareholders' Annual General Meeting. 2. To propose for approval at the Shareholders' Annual General Meeting the dividend payment of Baht 1 per share for the 2007 performance . The dividend will be paid by May 23, 2008 the closing date of the Company's share register book for determining the right to attend the General Meeting of Shareholders No.1/2008 and the right to receive dividend is from 12.00 hours of April 4,2007 until the General Meeting of Shareholders No.1/2008 is finished. 3. To approve the convening of the General Meeting of Shareholder No.1/2008 which will take place on Thursday, April 24, 2008 at 10.00 am. at B1 room Suntowers B 11th Fl., 123 Viphavadeerangsit Road, Chomphon, Chatuchak, Bangkok, to consider the following agendas: 1.) To consider adopting the Minutes of the General Meeting of Shareholders No.1/2007. Board of Directors' opinion : It is considered for the Meeting of Shareholders to approve the said minutes. 2.) To acknowledge the Board of Directors'report on year 2007 operations Board of Directors' opinion : It is considered to report the year 2007 operations to the Meeting of Shareholders. 3.) To consider approving the Balance Sheet and the Statement of Income for the year ended December 31, 2007. Board of Directors' opinion : It is considered for the Meeting of Shareholders to approve the Balance Sheet and The Statement of Income for the year ended December 31, 2007 which have been considered by the Audit Committee and have been audited by the Certified Public Accountant. 4.) To consider approving the appropriation of profit from year 2007 operating results and the dividend payment. Board of Directors' opinion : It is considered for the Meeting of Shareholders to approve the appropriation of profit from the operating results of year 2007 and dividend payment. The dividend will be paid on May 23,2008 to shareholders registered on April 4, 2008 at12.00 hours amount Baht 1 pershare, being 22.08 Per cent of the 2007 net profit. 5.) To consider the appointment of directors to replace those resigned. Board of Directors' opinion : It is considered to hold this matter for the next meeting 6.) To consider the election of directors to replace those retired by term. Board of Directors' opinion : The Board of Directors, exclusive of thenominated directors, considered for the Meeting of Shareholders to re-elect Mrs.Pojanard Prinyapatpakorn, Mr.kriangsak Kajornnamsong and Mr.Singhchai Aroonvuthiphong, who are retired by term, as the Company's directors for another term. 7.) To consider the remuneration of directors for year 2008. Board of Directors' opinion : It is considered for the Meeting of Shareholders to approve the Board of Directors remuneration, as follows: 2008 2007 Description persons Proposed to AGM persons Proposed to AGM Paid Remuneration of meeting's allowance - Director Management 7 1,560,000 7 1,560,000 1,390,000 - Non Director Management 4 960,000 4 960,000 940,000 Total 11 2,520,000 11 2,520,000 2,330,000 Remark: In during 2007 there was one director resigned.- - Mr.Teerachai Siritunyanont resigned since October 1, 2007. 8.) To consider the appointment and remuneration of the auditors. Board of Directors' opinion : It is considered for the Meeting of Shareholders to appoint Mr. Pichai Dachanapirom CPA registered no.2421 and/or Mr.Pojt Asawasantichai CPA registered no.4891 and/orMs.Chantra Wongsriudomporn CPA registered no.4996 whom approved by SET's committee office from Thammaniti as an auditor for the fiscal year 2008. The auditing fee is 440,000 Baht (Baht four hundred forty thousand) per annum and any actual expenses related to the audit will be paid but not exceeding 45,000 Baht (Baht forty-five thousand). This matter will be submitted to Shareholder meeting for approval. 9.) To consider to purchase a plot of land Board of Directors' opinion : It is considered for purchase a plot of land for construction dormitory and canteen building for employee, with 12,500 bath per squared wa the total area is 800 squared and value 10,000,000 baht Please be informed accordingly. Very truly yours, (Mrs. Pojanard Prinyapatpakorn) (Mr.Huang Kuan Chiun) Authorized Director