SET Releases

(Translation) No. Tor Hor.037/1999 September 20, 1999 Subject : Announces a connected transaction Attention : Director and Manager of The Stock Exchange of Thailand Thanulux Public Company Limited would like to announce that the board of director's meeting No. 6 held on September 17, 1999 passed resolutions concerning a connected transaction of selling common shares. The details are as follows: 1. The date on which the transaction occurred : September 17, 1999. 2. The parties involved : 2.1 Buyer : Champ Ace Co., Ltd is the garment. Seller : Thanulux Public Company Limited is the garment and leatherware business. 2.2 Buyer : Ramasorn Thaveekarn Co., Ltd. is the trading and holding company. Seller : Thanulux Public Company Limited is the garment and leatherware business. 3. The general characteristics of the transaction : Disposal of assets. 4. The details of the assets involved : Common shares and investment. Securities 4.1 The company name : International Commercial Coordination (Hong Kong) Ltd. The nature of business : Apparel Registered capital : 10,000 shares par value HK$ 100.00 Paid-up capital : HK$ 1,000,000 Number of securities holding before : 2,000 shares Number of securities disposed of : 200 shares Selling price per share : HK$ 131.2 (Book value on June 30, 1999) Exchange rate on June 30, 1999 Baht 5.1277/HK$ Proportion of securities holding before : 20% of the registered capital Proportion of securities holding after : 18% of the registered capital 4.2 The company name : Puning Xie Zhong Garment Co., Ltd. The nature of business : Garment Registered capital : 20,030,000 RMB (2,400,000 unit) Paid-up capital : 20,030,000 RMB (2,400,000 unit) Number of securities disposed of : 367,920 unit Selling price per share : 4.7749 RMB (Book value on June 30, 1999) Exchange rate on June 30, 1999 Baht 3.62/RMB Proportion of securities holding before : 33.33% of the registered capital Proportion of securities holding after : 18% of the registered capital 5. The total value of assets disposed of : Baht 6,494,098.82 6. The reason for the acquired of the assets : Decrease the proportion of investment. 7. The details of the connected persons and of related persons : Names Position in the company Mr. Boonsithi Chokwatana - President of Thanulux Public Company Limitd - President of Ramasorn Thaveekarn Co., Ltd. - Vice President of Champ Ace Co., Ltd. - A major shareholder of Ramasorn Thaveekarn Co., Ltd. Mrs. Varindr Leelanuwatana - Deputy Managing Director of Thanulux Public Company Limitd - Deputy Managing Director of Ramasorn Thaveekarn Co., Ltd. - Executive Director of Champ Ace Co., Ltd. Miss Dusadee Soontrontumrong - Executive Director of Thanulux Public Company Limited - Executive Director of Ramasorn Thaveekarn Co., Ltd. Mr. Poa Pavarolarvidya - Director of Thanulux Public Company Limited - Director of Champ Ace Co., Ltd. 8. Item of description : 0.76% Please kindly acknowledge the above matters. Faithfully Yours, (Miss Dusadee Soontrontumrong) Director