China State Shipbuilding Corporation
HTMS (His Thai Majesty's Ship) "Naresuan" (FFG 421) (), commissioned in 1995, is a modified version of the Chinese-made Type 053 frigate, corporate designed between Royal Thai Navy and China but built by the China State Shipbuilding Corporation in Shanghai. Her sister ship, HTMS "Taksin" was delivered in November 1995. The ships came at 2 billion baht each, less than the 8 billion baht claimed price tag for Western-built frigates.