SET Announcements

(Translation) No. CK-99-0000-HRL-L-0131 March 2, 1999 Subject : Notification of the Resolution of The Board of Directors Meeting No. 2/1999 Attn : Director and Manager Stock Exchange of Thailand Whereas the Board of Directors Meeting No.2/1999 of CH. Karnchang Public Company Limited, held on March 2, 1999 at 17.00 P.M. at the Head Office of CH. Karnchang Public Company Limited, No. 587 Sutthisarn Road, Dindaeng Sub-district, Dindaeng District, Bangkok Metropolis, having the resolution of the said meeting as follows: 1. To certify the Minutes of the Board of Directors Meeting No. 1/1999 2. To approve the Company for holding the Annual Ordinary General Meeting on April 30, 1999 at 9.30 AM. at the Emerald Hotel No. 99/1 Ratchadapisek Road, Huaykwang Sub- district, Huaykwang District, Bangkok Metropolis, having the agenda of the Annual Ordinary General Meeting of the Shareholder as follows: Agenda 1. To consider and approve the Minutes of the Annual Ordinary General Meeting of Shareholders for 1998 Agenda 2. To consider and acknowledge the report on the Companys operational results for the year 1998 Agenda 3. To consider and approve the Balance Sheet and the Profit and Loss Statements for the fiscal year ending 31 December 1998 Agenda 4. To consider and approve the profit allocation for the year 1998 Agenda 5. To consider election of new directors in place of those retired by rotation. Agenda 6. To consider appointment the new director. Agenda 7. To consider fixing the remuneration of the Directors. Agenda 8. To consider appointment of the Auditor and fixing of the remuneration for the year 1999 Agenda 9. To consider other matters (if any). 3. To approve and certify the Balance Sheet and the Statement of Profit and Loss for the year ended December 31,1998 which will be submitted to the shareholders meeting for consideration and approval. 4. To have opinion to appropriate legal reserve for the year 1998 in amount of Baht 10,395,384 ( Baht Ten Million Three Hundred Ninety-five Thousand Three Hundred And Eighty- four Only ) and no dividend payment according to directors proposal. Thus, such matter shall be submitted to the shareholders meeting for consideration and approval. 5. To have opinion for the appointment of Mr. Supot Singhasaneh , certified public accountant No. 2826 or Ms. Somboon Supasiripinyo, certified public accountant No. 3731, of KPMG Audit ( Thailand ) Limited be the Auditor of CH. Karnchang Public Company Limited for the fiscal year 1999, and the fixing for his remuneration approximately in amount of Baht 1,200,000 (Baht One Million Two hundred Thousand Only ) Thus, such appointment and determination for remuneration of the Auditor shall be submitted to the Shareholders Meeting for consideration and approval. 6. To determine on April 9, 1999 as from 12.00 AM. until the Shareholders Meeting has ended be the date of cessation of the registration of share transfers the attending the Annual Ordinary General Meeting of the Shareholders for the year 1999 Please be informed Yours faithfully, (Mr.Thavorn Trivisvavet)(Mrs.Saikasem Trivisvavet) Director