SET Announcements

(Translation) No. CK-04-0000-PO-L-0060 1 March 2004 Re: Notification of Resolutions of the Board of Directors Meeting No. 1/2004 and Notification of the Closing Date of the Share Register for Suspension of the Share Transfer to Establish the Right to Attend the 2004 Annual Ordinary General Meeting of Shareholders Attn. Director and Manager of the Stock Exchange of Thailand Reference is made to the fact that CH. Karnchang Public Company Limited held the Board of Directors Meeting No. 1/2004 at 11:00 a.m. on 1 March 2004 at the Emerald Hotel, No. 99/1 Ratchadaphisek Road, Huaykwang Subdistrict, Dindaeng District, Bangkok. The Board of Directors Meeting resolved on the matters as follows: 1. The Minutes of the Board of Directors Meeting No. 3/2003 were approved. 2. The balance sheet and income statement for the year ending 31 December 2003 were approved for presentation to the 2004 Annual Ordinary General Meeting of Shareholders. 3. The 2004 Annual Ordinary General Meeting of Shareholders was scheduled to be held on 30 April 2004 at 9:30 a.m. at the Conference Room on the 4th Floor, No. 587 Viriyathavorn Building, Sutthisarn Road, Dindaeng Subdistrict, Dindaeng District, Bangkok. 4. The agenda for the 2004 Annual Ordinary General Meeting of Shareholders was determined as follows: Item 1. To consider and approve the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2003 Opinion of the Board : The Minutes of the Extraordinary General Meeting of Shareholders No. 1/2003 should be approved. Item 2. To consider and acknowledge the Company's operational results for the year 2003 Opinion of the Board : The Company's operational results for the year 2003 should be acknowledged Item 3. To consider and approve the balance sheet and income statement for the year ending 31 December 2003 Opinion of the Board : The balance sheet and income statement audited by the auditor should be approved. Item 4. To consider and approval profit appropriation Opinion of the Board : Profit should not be appropriated even though the Company derived a net profit of Baht 285,387,340.- but the Company still had an accumulated loss of Baht 235,937,319.- and 5% profit should be allocated as to be reserved in compliance with the laws of Baht 2,472,501.-, the Company hereby had an accumulated profit of Baht 46,977,520.- and no dividend payment for the year 2003 should be declared. Item 5. To consider election of directors to replace those due to retire by rotation Opinion of the Board : The Meeting should elect new directors to replace those directors who were due to retire by rotation and the retiring directors should be reelected. Item 6. To consider the determination of remuneration for directors Opinion of the Board : Remuneration for directors for the year 2004 should be determined. Item 7. To consider the appointment of auditor and determination of remuneration for the year 2004 Opinion of the Board : The auditor from Ernst & Young Office Limited should be appointed as the company's auditor for the year 2004 for the fifth year and the remuneration should be determined as per the Board's proposal. Item 8. To consider other matters (if any) 7. The share register for suspension of the share transfer to establish the right to attend the 2004 Annual Ordinary General Meeting of Shareholders was scheduled to be closed on 9 April 2004 at 12:00 hours until such time as the 2004 Annual Ordinary General Meeting of Shareholders adjourns. Please be informed accordingly. Very truly yours, (Mr. Plew Trivisvavet) Chief Executive Officer ________________________ ________________________ (continued) (continued) ENDNOTES