SET Releases

(Translation) 24 December 1998 Thanulux Public Company Limited would like to announce that the board of directors meeting 13/2541 held on 24 December 1998 subject to dissolution of subsidiary company and associated company. The details are as follows: 1. Dissolution of Subsidiary company Company name : Kunming Shenjian Fashion Dress Co., Ltd. Location : 36/2 Kunming Economic and Technological Development Zone (Hai Industry Field Kunming China) Business nature : Garment and Leatherware Registered capital : USD 500,000 Paid-up capital : USD 500,000 Investment proportion : 90% of registered capital, totalling USD 450,000 The sluggish economy has effected Kunming Shenjian Fashion Dress Co., Ltd. This company has decided to dissolute since November 2, 1998. (The dissolution of this subsidiary company does not effected the companys operation). After the liquidating, the company will realized loss Baht 685, 234.36, for the fiscal year 1998. 2. Dissolution of Associated company Company name : Thai Hishiya Co., Ltd. Location : 129/1 Chongnonthri Road, Chongnonthri, Yannawa, Bangkok Business nature : Necktie Registered capital : 60,000 shares par value Baht 100.00 Paid-up capital : Baht 4.20 million Investment proportion : 15% of paid-up capital According to the bad performance, Thai Hishiya Co., Ltd. has decided to dissolute since August 13, 1998 (This dissolution does not effected the companys operation). After the liquidating, the company will realized loss of Baht 166,349.95, for the fiscal year 1998.