REASONS FOR OVER 20,HANGE IN COMPANY'S OPERATIONS

(Translation) 045/2000 Date: August 10, 2000 Re: Reasons for over 20% change in company's operations To: President The Stock Exchange of Thailand As shown in the six months Consolidated Financial Statements as of June 30, 2000 the Company has a net profit after tax amounting to Baht 72.3 million representing a significant increase of 62% over the Net Profit after Tax of Baht 44.6 million achieved for the same period of the prior year. The two major reasons for such an improvement are: 1) The company's Cost of Sale decreased from the same period of the prior year by 2% of sales revenue mainly due to the cost reduction by 3-5% from normal price of some models of television and washing machine which both of these products have sale proportion as 40-50% of overall company's turnover. 2) The company's interest expenses decreased from the same period of the prior year with the amount of 11.8 million baht as the main result of a decrease interest rate of borrowing from 10-11% per annum to 8-9% per annum together with a decrease of borrowing amount by 131 million baht. Yours sincerely,