SET Announcements

(Translation) No. CK-02-0000-HRL-L-0422 30 April 2002 Re: Notification of Resolutions of the 2002 Annual Ordinary General Meeting of Shareholders of CH.Karnchang Public Company Limited Attn. Director and Manager of the Stock Exchange of Thailand Reference is made the fact that CH.Karnchang Public Company Limited held the 2002 Annual Ordinary General Meeting of Shareholders at 9.30 a.m. on 30 April 2002 at the Conference Room on the 4th Floor, No.587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. The Company hereby notifies the resolutions of the Ordinary General Meeting of Shareholders as follows: 1. The Meeting unanimously resolved to certify the Minutes of the 2001 Annual Ordinary General Meeting of Shareholders held on 30 April 2001. 2. The Meeting unanimously resolved to amend The Articles of Association to be in line with the Good Corporate Governance as per Chapter 6, Additional Provisions, by adding Article 54 as follows: Article 54. The Company shall comply with the laws governing securities and exchange. Should the Company maintain any of its securities listed on the Stock Exchange of Thailand, the Company shall comply with rules, notifications, directives or regulations set forth by the Stock Exchange of Thailand, including the requirements on disclosure of connected transactions and acquisition or disposal of material assets of the Company or its subsidiaries. 3. The Meeting unanimously resolved to acknowledge the Company's operational results for the year 2001. 4. The Meeting unanimously resolved to approve the Balance Sheet and the Profit and Loss Statement for the year ending on 31 December 2001 which have already been audited by the auditor. 5. The Meeting unanimously resolved that the profit for the year 2001 should not be appropriated even though the Company derived a net profit of Baht 2,618,643,813, the Company continued to sustain an accumulated loss amounting to Baht 57,027,062 and that no dividend payment for the year 2001 should be declared. 6. The Meeting unanimously resolved to reappoint Mr.Kamthorn Trivisvavet, Mrs.Saikasem Trivisvavet and Mr.Narong Sangsuriya, the directors whose term had ended, to be directors for another term and approved that directors authorized to sign and bind the Company remain unchanged. 7. The Meeting unanimously resolved to approve the determination of remuneration for directors. 8. The Meeting unanimously resolved to approve the appointment of either Mr.Sophon Permsirivallop or Mr.Narong Puntawong or Ms.Rungnapa Lertsuwankul or Mr.Ruth Chaowanagawi from Ernst & Young Office Limited as the Company's auditor for the year 2002, and the auditing fee should not exceed Baht 1,250,000 (One Million Two Hundred and Fifty Thousand Baht Only). 9. The Meeting unanimously resolved to transfer capital reserve pursuant to Section 51, Section 116 or other reserved funds to compensate the Company's accumulated loss. Please be informed accordingly. Very truly yours, (Mr.Plew Trivisvavet) Managing Director