SET Releases

(Translation) Thanulux Public Company Limited would like to announce that a board of directors meeting 2/1998 held on 11 June, 1998 passed a resolution lending to subsidiary. The details are as follows: 1. Date of transaction and related partner : 12 June, 1998 Buyer : Thanulux Kabinburi Co., Ltd. is subsidiary of Thanulux Public Company Limited and runs garment business. Seller : Ramasorn Thaveekarn Co., Ltd. is the trading and holding company. 2. The details of the assets by a subsidiary : A 4-storey building with 1344 square-meter. It located at 131/1 Moo 5, Nontri, Kabinburi, Prachinburi. 3. The total value of the consideration : The subsidiary paid Baht 22.7 million to Ramasorn Thaveekarn Co., Ltd. 4. The objective to buy : The dormitory for subsidiarys employees. 5. The sourses of funds : The company borrowed from Thanulux Public Company Limited on the At Call condition with interest rate that Thanulux Public Company Limited borrowed from bank plus 1-2% (Amount 17% per year). 6. The details of the connected persons and of related person : TNL Ramasorn Thanulux Thaveekarn Co. Ltd. Kabinburi Co., Ltd. Mr. Boonsithi - President - President - Chokwatana - Major shareholder Mrs. Varindr - Deputy managing - Deputy managing - Executive director Leelanuwatana director director Miss Dusadee - Executive - Executive - Executive Soontrontumrong director director director Mr. Vinai - Executive - - Managing Panusuwan director director