F 24-1 Audit Committee Report on Members and Scope of Duties Haad Thip Public Company Limited The Board of Directors meeting of Haad Thip Public Company Limited No.4/1999 held on 17th December 1999 passed resolutions concerning the appointment of the Company's Audit Committee. The members of the committee are as follows : 1. Audit Committee Chairman Mr.Prakit Pradipasen 2. Audit Committee Member Mr.Sang Wongprecha 3. Audit Committee Member Mr.Yanyong Maethapanich 4. Audit Committee Secretary Ms.Nupparat Amornchaisakda We also attach a signed statement providing complete and accurate personal profiles of the three members of the Committee. 2. The Audit Committee of the Company, which represents the board of directors, is responsible for the following duties stated on the charter and must report to the board of directors on : 1. To ensure that the Company will have correct and sufficient financial reports. 2. To ensure the adequate and effectiveness of internal control systems. 3. To consider, select, nominate and recommend remuneration of the company's external auditor. 4. To ensure the Company follows all relevant regulations and laws. 5. To ensure the Company does not engage in any activities that may lead to a conflict of interest of connected persons. 6. To report the activities of the Audit Committee in the company's annual report which must be signed by the Chairman of the Audit Committee. 7. To perform any other duties as assigned by the board of directors. 3. The period of service for audit committee member is 3 years. An audit committee member who retires from office due to the expiration of term of service may be re-elected. - 2 - In case of vacancy in the Audit Committee for reasons other than by the expiration of term service, the board of directors will consider well qualified person(s) to become member(s) of the Committee in order to fulfill the requirement. The replacement member(s) shall hold the service for the remaining duration on term of the ex-member(s) We hereby confirm these Audit Committee members have the qualifications as required by the Stock Exchange of Thailand. Sec.Lt. ( Phairoch Rattakul) Managing Director