REASONS FOR OVER 20,HANGE IN COMPANY'S OPERATIONS

(Translation) H.T. 005/2001 Date : February 26, 2001 Re : Reasons for over 20% change in company's operations To : President The Stock Exchange of Thailand As shown in the year Consolidated Financial Statements as of December 31, 2000 the Company has a net profit after tax amounting to Baht 133.4 million representing a significant increase of 159% over the Net Profit after Tax of Baht 51.5 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 prior year by 2.7% 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 50-60% of overall company's turnover. 2) The company's interest expenses decreased from the prior year with the amount of 52.3 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 300 million Baht. Yours sincerely,