April 24, 2001 The President The Stock Exchange of Thailand 62 The Stock Exchange of Thailand Building Rachadapisek Road, Klongtoey, Bangkok 10110 Dear Sir, Resolutions Passed at Shareholders' Meeting for the Year 2001 Resolutions were made on a Shareholders' Ordinary Meeting on April 24, 2001 at the Queen's Park Room 4 on the 2nd 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 2000 which was held on the April 26, 2000. 2. Report on the Company's business results for the Year 2000. 3. To approve the Balance Sheet and Profit and Loss Account for the period ended December 31, 2000 after they have been audited. 4. To approve the allocation of net profit and dividends of the Year 2000 as follows: 4.1 To allocate 5 per cent of net profit for Legal Reserves which comes to an amount of 3,952,902.00 Baht (Three million,nine hundred fifty two thousand, nine hundred and two Baht) 4.2 To allocate 5,000,000.00 Baht (Five million Baht) for General Reserve. 4.3 To pay dividends of 3.25 Baht (Three Baht and twenty five Satangs) per share, of which an interim payment had been made on November 17, 2000 at 1.50 Baht (One Baht and fifty Satangs) per share. The remaining dividends of 1.75 Baht (One Baht and seventy five Satangs) per share is to be paid on May 15, 2001. 5. To re-appoint the directors and approve their remuneration 5.1 The directors being re-appointed are as follows 1. Sec.Lt.Phairoch Rattakul 2. Mrs.Yupares Thiengtham 3. Mr.Sang Wongprecha 4. Ms.Osarit Amartayakul 5. Mrs.Pariya Chirabandhu In the Year 2000, the Board of Director has appointed Mr.Manate Rattakul as the new Board Member of the Board of Directors replacing Mr.Chartchur Kannasuta who was adjudged by the court to be a person incompetent. Mr.Manate will hold the service for the remaining duration of the term of Mr. Chartchur Kannasuta. ...2/ - 2 - 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 13. M.L.Anuporn Kasemsant Director 14. Mr.Manate Rattakul Director 5.2 To approve the directors' fee of 400,000.00 Baht ( Four hundred thousand Baht) per year for the total Board. 6.To appoint auditors and fix audit fees for the period ending December 31, 2001 as follows : 6.1 Mr.Vichien Thamtrakul, Registration No.3183 and/or Ms.Chitsina Chumnanvanichkul, Registration No.3377 and/or Mrs.Sudchit Boonprakob, Registration No.2991 of SGV-Na Thalang & Co.,Ltd. 6.2 To approve the regular audit fee for the Year 2001 an amount of 575,000.00 Baht (Five hundred and seventy five thousand Baht) 7.Other issues - none - Yours faithfully, for Haad Thip Plc. Sec.Lt. ..................... (Phairoch Rattakul) Managing Director Office of the Managing Director Tel.392-9984-5 Ext.108