SET Releases

(Translation) No. Tor Hor.046/1999 December 8, 1999 Subject : Report on resolution by the Board of Directors' meeting No.10 Attention : Director and Manager of The Stock Exchange of Thailand The board of director meeting of Thanulux Public Company Limited No.10 held on December 8, 1999 passed a resolution appointing the Audit Committee with the following details : 1. Audit Committee to consist of 3 membership positions, with designated persons as follows : Chairman of the Audit Committee : Mr. Padoong Techasarintr Member of the Audit Committee : Mr. Prapan Siriratthamrong Member of the Audit Committee : Mr. Boonyarith Mahamontri Secretary to the Audit Committee: Mr. Sitthipong Puengsiricharoen 2. The Audit Committee of the Company has the scope of duties and responsibilities, and shall report to the Company's board of directors as follows: 1. Verify company to have financial information as to be accurate and sufficient. 2. Verify company to have the adequate, efficient inter control and internal audit system. 3. Verify company to abide the laws and regulations of "SET" or the relevant laws for company's business. 4. Select and nominate the company's auditor with related remuneration. 5. Consider to reveal company's data true and complete for the case of the related transaction or conflict of interest. 6. Compile such regulatory report by the audit committee to be published in the company's annual report publication, to be duly signed and verified by the audit committee's chairman. 7. Other activities of the Board of Directors which have been accepted by the audit's committee. 3. The period of service for audit committee member is 1 year. An audit committee member who retires from office due to the expiration of term of service may be re-elected. In case of vacancy in the audit committee for reasons other than by the expiration of term service, the Board of Director shall elect a fully qualify person who does not possess the characteristics prohibited by law to be a substitute member and shall remain in office only for the term left for the member whom he or she replaces. Please kindly acknowledge the above matters. Faithfully Yours, (Miss Dusadee Soontrontumrong) Director