- Translation –
Ref. MGT/SET/08/001 Date : 26th February 2008
Re Resolutions
of the Board of Directors Meeting No. 375
To The
President
The
Stock Exchange of
This is to inform you that the meeting of the Board of
Directors of
1. Approved
minutes of the Board of Directors meeting No. 374.
2. Approved
to adopt the changed its accounting policy for recording revaluation of assets,
according to the Federation of Accounting Professions issued Notification No. 25/2549
allowing entities which carry their property, plant and equipment at revalued
amounts to calculate depreciation to be charged to the income statement based
on the historical cost of the assets instead of on the revalued amounts in
compliance with Accounting Standard No. 32 (Paragraph 38) for financial year 2007
onwards.
3. Approved
the Company’s audited financial statement as of 31 December 2007 which will be
proposed to the Annual General Meeting No. 75 for consideration and approval.
4. Approved
the allocation of net profit for legal reserve and dividend payment for the
year 2007 and company working capital and will propose to the Annual General
Meeting No. 75 for consideration and approval as follows:
4.1 Approved
the allocation of net profit in the amount of Baht 3,882,666 (5% of net profit)
to Legal Reserve.
4.2 Approved
dividend payment of 0.10 Baht per share to shareholders registered in Company’s
shareholders book as of 25 April 2008 from 12.00 hours onward. Total dividend payment is Baht 40,116,168.20
scheduled to be paid on 9 May 2008.
4.3 Approved
the allocation of the remaining amount of the net profit of Baht 33,654,481.80
to Unappropriated Retained Earnings.
5. The
directors who will be retired by rotation are Mr. Supattanapong
Punmeechaow, Mr. Pree Buranasiri and Mr. Danuch Yontararak. The nomination to
replace the said directors and the directors’ remuneration will be proposed to
the Annual General Meeting No. 75 for consideration and approval.
6. Approved
the appointment of Ms. Kamontip Lertwitworatep, CPA (
7. Approved
the date of Annual General Meeting No. 75 will be held on 10 April 2008 at 9.30
hours at
1. To
consider and approve the minutes of Annual General Meeting No. 74.
2. To
acknowledge the Board of Directors annual report for the year 2007.
3. To
consider and approve the Company’s audited financial statement as of 31
December 2007.
4. To
consider and approve the allocation of net profit for dividend payment and
legal reserve for the year 2007.
5. To
consider and approve the appointment of directors who are due to retire by
rotation and approve the directors’ remuneration.
6. To
consider and approve the appointment of the Company’s auditors and fixing their
remuneration.
7. Other
business (if any)
8. Approved
the closing of Shares Register of the Company for the right to attend the
Annual General Meeting No. 75 from 20 March 2008 at 12.00 hours until the end
of the relevant shareholders meeting.
Please be informed accordingly.
-Signed-
Danuch Yontararak
Managing Director