April 24, 2003 The President The Stock Exchange of Thailand Dear Sir, Resolutions Passed at Shareholders' Meeting for the Year 2003 Resolutions were made on a Shareholders' Ordinary Meeting on April 24,2003 at the Sai Thip Room on the 3rd floor of the Imperial Queen's Park Hotel, Bangkok. The resolutions are as follows : 1. To certify the minutes made at an Ordinary Shareholders' Meeting for the Year 2002 which was held on the April 29, 2002. 2. Report on the Company's business results for the Year 2002. 3. To approve the Balance Sheet and Profit and Loss Account for the period ended December 31, 2002 after they have been audited. 4. To approve the allocation of net profit and dividends of the Year 2002 as follows : 4.1 To allocate for Legal Reserves an amount of 808,399.00 Baht (eight hundred eight thousand, three hundred and ninety nine Baht), meeting the Company' legal reserve of 10% of authorized share capital. 4.2 To pay dividends of Baht 0.325 per share, ofwhich an interim payment had been made on September 23, 2002 at Baht 0.175 per share. The remaining dividends of Baht 0.15 per share is to be paid on May 16, 2003 to the shareholders whose names appear in the Share Register Book as of May 2, 2003 at 12.00 p.m. 5. To re-appoint the directors whose tenure have ended 5.1 The directors whose tenure have ended are as follows : 1. Mr. Prakit Pradipasen 2. Mr. Chalit Limchitti 3. Mr. Yanyong Maethapanich 4. Mr. Manate Rattakul 5.2 The three directors being re-appointed are as follows : 1. Mr. Prakit Pradipasen 2. Mr. Chalit Limchitti 3. Mr. Yanyong Maethapanich ...2/ - 2 - 5.3 The members of the new Board of Directors are : 1. Gen.Charan Kullavanijaya Chairman 2. Sec.Lt. Phairoch Rattakul Managing Director 3. Mr.Prakit Pradipasen Chairman of Audit Committee 4. Mr.Sang Wongprecha Auditing Director 5. Mr.Yanyong Maethapanich Auditing Director 6. Pol.Lt.Gen.Kosol Limpichart Director 7. Pol.Maj.Gen.Chamtoon Savasdi-Xuto Director 8. Mrs.Yupares Thiengtham Director 9. Ms.Smornluk Mahasmiti Director 10. Mr.Chalit Limchitti Director 11. Ms.Osarit Amartayakul Director 12. Mrs.Pariya Chirabandhu Director 6. To appoint auditors and fix audit fees for the period ending December 31, 2003 as follows : 6.1 Mr.Viroj Jindamaneepitak, Registration No.3565 and/or Mr.Vichien Thamtrakul, Registration No.3183 and/or Mr.Pisit Chiwaruangroch, Registration No.2803 and/or Ms.Tipsuda Chumnanvanichkul, Registration No.3377 of KPMG Phoomchai Audit Ltd. 6.2 To approve the regular audit fees for the Year 2003, an amount of 640,000.00 Baht (six hundred and forty thousand Baht) 7. To approve the change in the Company' Seal 8. Other issues - None - Yours faithfully, for Haad Thip Plc. Sec.Lt. (Phairoch Rattakul) Managing Director Office of the Managing Director Tel. 0-2392-9984-5 Ext.108