SET Releases

(Translation) No. Tor Hor. 023/2000 June 21, 2000 Subject : Report on resolution by the Board of Directors' meeting No. 6/2000 Attention : Director and General Manager of The Stock Exchange of Thailand Thanulux Public Company Limited would like announce that the board of director's meeting No. 6/2000 held on June 21, 2000 passed resolutions concerning a connected transaction of buying common shares. The details are as follows: 1. The date on which the transaction occurred : June 21, 2000 2. The parties involved Buyer : Thanulux Public Company Limited is the garment and leatherware business. Seller : Ramasorn Thaveekarn Co., Ltd. is the trading and holding company. 3. The general characteristics of the transaction : Acquistion of assets 4. The details of assets acquired : Securities 4.1 The company name : Intanin Chiangmai Company Limited The nature of the business : Distributor Registered capital : Baht 10,000,00.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,250 shares Price per share (unit) : Baht 2,725.09 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12.50% of registered capital 4.2 The company name : Koraj Wattana Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,250 shares Price per share (unit) : Baht 1,222.06 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12.50% of registered capital 4.3 The company name : Sun & San Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,250 shares Price per share (unit) : Baht 1,198.91 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12.50% of registered capital 4.4 The company name : Intersouth Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,250 shares Price per share (unit) : Baht 3,428.49 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12.50% of registered capital 4.5 The company name : Pak Numpo Wattana Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,400 shares Price per share (unit) : Baht 741.03 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 14% of registered capital 4.6 The company name : Maharachapreuk Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,200 shares Price per share (unit) : Baht 346.32 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12% of registered capital 4.7 The company name : Eastern I.C.C. Company Limited The nature of the business : Distributor Registered capital : Baht 1,000,000.00 Paid-up capital : 10,000 shares Number of securities acquired : 1,250 shares Price per share (unit) : Baht 2,350.45 Proportion of securities holding before : 0% of registered capital Proportion of securities holding after : 12.50% of registered capital 5. The total value of the consideration: Baht 15,109,276 The type of payment : Cash payment 6. The value of the assets acquired : Baht 15,109,276 7. The benefit expected to be received : Dividends benefits 8. The sources of funds: Cash flow from the company's operations 9. The details of the connected persons and of related persons : Names Position in the company Mr. Boonsithi Chokwatana - President of Thanulux Public Company Limited - President of Ramasorn Thaveekarn Co., Ltd. Mrs. Varindr Leelanuwatana - Deputy Managing Director of Thanulux Public Company Limited - Deputy Managing Director of Ramasorn Thaveekarn Co., Ltd. Miss Dusadee Soontrontumrong - Executive Director of Thanulux Public Company Limited - Executive Director of Ramasorn Thaveekarn Co., Ltd. 10. The volume of the transaction : 1.57% Please kindly acknowledge the above matters. Faithfully Yours, (Miss Dusadee Soontrontumrong) Director