- Translation –

 

Ref.      MGT/SET/08/003                                               Date : 10th April 2008

 

Re        Resolutions of the Annual General Meeting of Shareholders No. 75

To         The President

            The Stock Exchange of Thailand

 

The Annual General Meeting of Shareholders No. 75 of Christiani & Nielsen (Thai) Public Company Limited was held on 10th April 2008 at 9.30 hours, at the office of the Company. There were 32 shareholders present at the Meeting in person and by proxy, holding shares in aggregate of 315,650,124 shares or equivalent to 78.68 percent of the total paid up shares. Of the total, a shareholder attending by proxy, holding shares of 166,313,259 was present at the Meeting from Agenda item 5 onwards.  The Meeting approved the following resolutions:

 

1.      Approved minutes of the Annual General Meeting of Shareholders No. 74 held on 23 April 2007.

         The Meeting approved this agenda item by an unanimous vote

         Approve       31 Votes        No. of shares 149,336,865    Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

2.      Acknowledged the annual report of the Board of Directors of the year 2007.

         The Meeting acknowledged this agenda item by an unanimous vote

         Approve       31 Votes        No. of shares 149,336,865    Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

3.      Approved the Company’s audited financial statements as of 31 December 2007.

         The Meeting approved this agenda item by an unanimous vote

         Approve       31 Votes        No. of shares 149,336,865    Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

4.      Approved the transfer of net profit and dividend payment for the year 2007 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 in addition to the reserve of Baht 24,812,190. The total legal reserve is Baht 28,694,856.

4.2     Approved dividend payment of 0.10 Baht (10 Stang) 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.

         The Meeting approved this agenda item by an unanimous vote

         Approve       31 Votes        No. of shares 149,336,865    Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

 

 

 

 

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MGT/SET/08/003                                                                                              page 2/2

 

5.      Approved the appointment of directors, to replace the directors who retired by rotation, as follows:  (1) Mr. Santi Grachangnetara,  (2) Mr. Somchai Jongsirilerd and

         (3) Mr. Danuch Yontararak.

 

Approved the directors’ monthly remuneration for the year 2008 (the same as previous year) as follows:

 

Chairman of the Board of Directors             Baht     40,000.-

Chairman of the Audit Committee                           Baht     60,000.-

Audit Committee                                                   Baht     50,000.-

Director                                                                Baht     20,000.-

 

         The Meeting approved this agenda item by an unanimous vote

         Approve       32 Votes        No. of shares  315,650,124   Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

6.      Approved the appointment of Ms. Kamontip Lertwitworatep, Certified Public Account No. 4377 or Mr. Narong Puntawong, Certified Public Accountant No. 3315 or              Ms. Siraporn Ouaanunkun, Certified Public Accountant No. 3844 of Ernst & Young Office Limited as the statutory auditors of the Company for the year 2008 and fixed their remuneration of Baht 2,060,000 excluding any other expenses which are due to be paid.

         The Meeting approved this agenda item by an unanimous vote

         Approve       32 Votes        No. of shares  315,650,124   Equivalent to 100%

         Disapprove     -   Votes        No. of shares          -            Equivalent to   -

         Abstain         -   Votes        No. of shares          -            Equivalent to   -

         of the total votes of shareholders attending the meeting and having the right to vote.

 

 

Please be informed accordingly.

 

 

-Signed-

Danuch Yontararak

Director and Company Secretary