SET Announcements

(Translation) No. CK-04-0000-PO-L-0121 30 April 2004 Re: Notification of Resolutions of the 2004 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 to the fact that CH.Karnchang Public Company Limited held the 2004 Annual Ordinary General Meeting of Shareholders 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. The Company hereby notifies the resolutions of the Ordinary General Meeting of Shareholders as follows: 1. The Meeting resolved to certify the Minutes of the Extraordinary General Meeting of Shareholders No.1/2003 held on 6 November 2003. 2. The Meeting resolved to acknowledge the Company's operational results for the year 2003. 3. The Meeting resolved to approve the Balance Sheet and the Profit and Loss Statement for the year ending on 31 December 2003 which have already been audited by the auditor. 4. The Meeting resolved that the profit for the year 2003 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. 5. The Meeting resolved to reappoint Mr.Plew Trivisvavet, Mr.Aswin Kongsiri and Mr.Don Pramudwinai 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. 6. The Meeting resolved to approve the determination of remuneration for the year 2004 to directors in the amount of Baht 8,000,000. 7. The Meeting resolved to approve the appointment of either Mr.Sophon Permsirivallop or Mr.Narong Puntawong or Ms.Rungnapa Lertsuwankul or Mr.Ruth Chaowanagawi or Ms.Siraporn Ouaanunkun from Ernst & Young Office Limited as the Company's auditor for the year 2004 for the fifth year, and the auditing fee should not exceed Baht 1,440,000. Please be informed accordingly. Very truly yours, - Signature - (Mr.Plew Trivisvavet) Chief Executive Officer