SET Releases

(Translation) No. Tor. Hor. 051/2001 November 14, 2001 Subject : Report on resolution of the Board of Directors' meeting Attention : Director and Manager of Stock Exchange of Thailand Thanulux Public Company Limited wishes to hereby report the resolution adopted at its board of directors' meeting No. 11/2001 on this November 14, 2001, for the company to sell its holding of investment in Puning Xie Zhong Garment Co., Ltd., to transaction details as follow : 1. Transaction date : November 14, 2001 2. Transaction parties Buyer : Ramasorn Thaveekarn Co., Ltd. Seller : Thanulux Public Company Limtied 3. Details of assets disposal - Securities issuing party : Puning Xie Zhong Garment Co., Ltd. - Business type : Garment - Registered capital : USD. 2,400,000 - Paid-up capital : USD. 2,400,000 - Number of shares sold : 324,000 units - Selling price per share : B.V. at September 30, 2001 = RMB. 0.55 Rate at November 14, 2001 RMB. 1 = Baht 5.3387 (RMB. 0.55 X Baht 5.3387 = Baht 2.94) - Pre-transaction shareholding : 18.50% - Post-transaction shareholding : 5.00% 4. Total remuneration value : RMB. 178,200 Rate at November 14, 2001 RMB. 1 = Baht 5.3387 (RMB. 178,200 X Baht 5.3387 = Baht 951,356.34) 5. Total securities disposal value : RMB. 178,200 Rate at November 14, 2001 RMB. 1 = Baht 5.3387 (RMB. 178,200 X Baht 5.3387 = Baht 951,356.34) 6. Securities disposal purpose : To reduce shareholding level 7. Details of connecting and relating persons : Name Position in the company - Miss Dusadee Soontrontumrong Director of Thanulux Public Company Limited President of Ramasorn Thaveekarn Co., Ltd. 8. Transaction size : 0.07% Please kindly be informed accordingly Yours sincerely, Miss Dusadee Soontrontumrong (Miss Dusadee Soontrontumrong) Director