REASONS FOR OVER 20~ CHANGE IN COMPANY'S OPERATIONS

(Translation) H.T.041/2001 Date : August 10, 2001 Re : Reasons for over 20% change in company's operations To : President The Stock Exchange of Thailand The Consolidated financial statements as of June 30, 2001 of the Company indicated an increase of 54.6% of net profit after tax compare with same period of last year. Major reasons for this were: 1. Increase in gross profit margin as a result of cost management with local supplier of the Company.Those suppliers are facing with problem of idle capacity caused by economic slump of the country; as a result, price ex-factory was lower to attract more order to the factory. 2. Saving of interest expenses on loan as a result of declining trend of market interest rate during first half of year 2001. In addition, the amount of borrowing required to fund Company business had been reduced due to contraction of consumer demand in home electrical appliance. 3. During the first half year 2001, the Company did not pay arranger fee and participation fee for the issue of Debenture and Syndication as in the same period of last year. Yours sincerely, (Noppadol Mingchinda) Finance Director