Report to SET

Notification of resolutions of the 2001 ordinary shareholders’ meeting

This is to notify the SET that the 2001 ordinary shareholders’ meeting of Padaeng Industry Limited, held on 25 April 2001, has resolved the following:

1. Noted the company’s performance result and the board of directors’ report for the year 2000.

2. Approved the audited balance sheets and profit and loss statements for the year ended 31 December 2000.

3. Approved that no dividend will be paid out for the year 2000.

4. Acknowledged 4 board members who retired by rotation, namely Mr. Arsa Sarasin, Mr. Vinai Vamvanij, Mr. Aswin Kongsiri and Mr. Areepong Bhucha-oom and unanimously approved to re-elect them as directors for another term.

It was also acknowledged the appointment of Mr. Michel Moser as new director replacing the post left vacant by Mr. Christian Lemaitre for the remaining of Mr. Lemaitre’s term, effective on 21 February 2001.