SET Announcements

(Translation) No. CH.012/093/98 April 30, 1998 Subject : Notification of the Annual General Meeting of Shareholders Attn : Director and Manager Stock Exchange of Thailand Whereas the Annual General Meeting of Shareholders for the year of 1998 of CH. Karnchang Public Company Limited, held on April 30, 1998 at 9.30 A.M. at The Emerald Hotel, Radchadaphisek Road , Kwang Huay Kwang, Khet Dindaeng, Bangkok Metropolis, have the resolution of the said meeting as follows: 1. The Meeting had unanimous resolution to certify the Minutes of the Annual General Meeting of Shareholders for the year 1997, held on April 28, 1997 2. The Meeting had unanimous resolution to certify the result of business operations of the Company for 1997 3. The Meeting had unanimous resolution to approve the Balance Sheet and the Profit and loss Statements for the fiscal year ending 31 December 1997 4. The Meeting had unanimous resolution that the profit allocation should be suspended and the dividens should not be payment because the result of the business operations have a net loss 5. The Meeting had unanimous resolution to appoint Mr. Thavorn Trivisvavet , Mr.Plew Trivisvavet and Mr.Narong Sangsuriya the directors whose tenure has ended be the directors being re- appointed and approved authorized directors to sign and engage on behalf of the Company shall be as settled before 6. The Meeting had unanimous resolution to fix the remuneration of the Directors 7. The Meeting had unanimous resolution to appoint Mr. Supot Singhasaneh or Ms.Somboon Supasiripinyo of Peat Marwick Suthee Limited be the Auditor for the fiscal year 1998, the fixing for his remuneration in amount of Baht 950,000 (nine hundred fifty thousand) Please be informed Yours faithfully (Mr.Plew Trivisvavet) Chief Executive Officer