17 ธันวาคม 2542
FINAL PROGRESSIVE STATUS SUMMARY SOLVING OF Y2K
(Translation)
Singer Thailand Public Company Limited
Date: December 16, 1999
To: President
The Stock Exchange of Thailand
Re: Final Progressive Status Summary Solving of Y2K Compliance
1. Preface
Singer Thailand Public Co., Ltd. had reported progressive of Y2K problems on
August 26 last year as per letter No. 041/2541. This is the final progressive status
report of Y2K problems as well as solutions which our company has proceeded
from the beginning and already achieved the tasks according to the predetermined
plan.
2. The Current Progressive
At the end of September (3rd quarter) 1999, the company has performed the
following tasks.
2 .1 Computer systems modification
- Since the 2nd quarter of 1999, all in-house programs are ready for Y2K
compliance.
- External vendors who are responsible for application programs have
already delivered all updated programs as well as the confirmation
document of Y2K readiness to the company.
- Concerning with any incompliant computers and peripheral, the company
has already upgraded or changed with the new ones within the 3rd
quarter of 1999.
2.2 Accurate testing in computer systems modification
Accurate testing on PC, LAN and VAX processes has already been
continuously performed until the 2nd quarter of 1999. In the final test,
the Integration test is conducted under the Y2K environment. The testing
period started from 28/06/1999 to 01/07/1999 and applied with all
cases for five days. No errors have been found under any circumstances.
2.3 In-Process Implementation
Up to now all upgraded systems have already been set and used in the
real process without any problems.
2.4 AfterProcess FollowUp
After Modifying and testing all of systems, the company certifies that
there are no any effects from Year 2000 to the processes.
3. Contingency plan
Although the system corrections of both IT and Non-IT have been finished, we also
prepare the contingency plan for unexpected events caused by internal and external
systems. The company has been fully supported by the outsiders who are
specialized in Y2K case and prompt to take the actions when needed.
4. Project expenses
The total expenses are Baht 7,000,000 for this project. Most expenses are incurred
from purchasing of hardware as well as computer peripheral and hiring the third
party (Metro systems Corporation Public Co., Ltd.) to assure checking incompatible
hardware for year 2000. All of the project expenses are applied in accordance with
the budgeted amount.
5. Management explanation and Analysis
Finally, management team is confident to certify that the company has achieved
solving the Y2K compliance problems without any disastrous risks to the business
operation.
Yours sincerely,