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Ref. PDI/BK-BS-021/2007
23 March 2007
Dear Shareholders,
Notice is hereby given that the 2007 Ordinary Shareholders’ Meeting of Padaeng Industry
Public Company Limited will be held on Monday, 23 April 2007 at 14.00 hr, Meeting Room
1-2, Queen Sirikit National Convention Center, No. 60 Ratchadapisek Road, Klongtoey District,
Bangkok 10110, in accordance with the following agenda :
I. Subject to be informed by the Chairman of the Board of Directors (if any);
II. Approve minutes of the 2006 Ordinary Shareholders' Meeting held on 26 April 2006;
Board of Directors' opinion: The board recommends that the said minutes be adopted.
III. Annual Report of the Board of Directors for the year 2006;
Board of Directors' opinion: The company's performance in 2006 is submitted for the
Shareholders' information.
IV. Approve the audited balance sheet and profit and loss statement for 2006;
Board of Directors' opinion: The board recommends that the 2006 audited financial
statements be approved.
V. Approve the net profit appropriation and dividend payment for 2006;
Board of Directors' opinion: The Board recommend that the 2006 net profit be appropriated
to be the legal reserve 87,974,819 Baht and that the dividend payment for 2006 at 5.20 Baht
per share be declared to the Shareholders totaling 226 million shares amounting to
1,175,200,000 Baht.
VI. Elect new members of the board of directors to replace those who retired by rotation and
acknowledge the appointment of the new director;
Board of Directors' opinion: There are 3 board members who retired by rotation and the
board recommends that the shareholders elect the ones who retired as new directors for
another term and acknowledge the appointment of a new director to replace the director
who resigned.
VII. Approve the 2006 bonus payment to the board;
Board of Directors' opinion: It is recommended that the 2006 bonus payment to the directors
as proposed by the board be approved.
VIII. Confirm the appointment of the company's auditors for the year 2007 and approve the audit
fees;
Board of Directors' opinion: The Board agrees with the Audit Committee’s recommendation
and recommends that PricewaterhouseCoopers ABAS Ltd. be appointed as the company's
auditors for the year 2007 and approval of the annual audit fees as proposed by the board be
approved.
XI. Other matter (if any).
The company’s share transfer book will be closed on Tuesday 3 April 2007 from 12.00 hr
until the meeting is adjourned for determination of the Shareholders’ meeting participation right.
You are cordially invited to attend the 2007 Ordinary Shareholders’ Meeting to be held on
Monday, 23 April 2007 at 14.00 hr, Meeting Room 1-2, Queen Sirikit National Convention
Center, No. 60 Ratchadapisek Road, Klongtoey District, Bangkok.
Your behalf, please complete and duty execute only one of the two Proxy Forms (Form A
or Form B) attached in Attachment No. 7 or alternatively you may download only one of three
Proxy Forms: Form A, Form B or Form C (Form C is only for foreign investors who authorize the
custodian in Thailand to keep and safeguard their shares) from www.padaeng.com.
In addition, you may appoint Chairman or an Independent Director as your proxy from and
amongst the Directors as follows:
1. Mr. Arsa Sarasin Chairman
2. Mr. Vinai Vamvanij Independent Director
3. Mr. Paron Israsena Independent Director
4. Mr. Aswin Kongsiri Independent Director
You are kindly requested to submit the complete Proxy Form to the Company by Friday
20 April 2007. A proxy form must be affixed with Bt20.00 stamp duty.
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Yours truly,
Padaeng Industry Public Company Limited
(Mr. Arsa Sarasin)
Chairman |
Enclosure: - Proxy form
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Shareholder information
