7.  CAPITAL STRUCTURE

7.1 Registered Capital

(a) Registered capital as at 31 December 2009:

  ------------------------- -------------------- -------------------------
  SHARE TYPE                No. of Share         PAR VALUE (Baht)

  Authorized Common         756,939,463          1

  Paid-Up                   756,939,463          1
  ------------------------- -------------------- -------------------------

Capital Increase Exercise

Right Issue: At the Annual General Meeting No.11/2005, shareholders
voted to approve the Company’s proposed capital increase of Baht
151,387,893 by issuing a new common share of 151,387,893 shares at Baht
1 par value and allocated to the existing shareholders at the ratio of 4
old shares for 1 new share. On 12 April 2005, the Company registered an
increase of its paid-up shares with the Ministry of Commerce from Baht
605,551,570 to Baht 756,939,463.

The above capital increase exercise was commenced and completed to
provide funds for the Company’s Gold mine project in Loei province.

(b) The Company listing status:

The Stock Exchange of Thailand (SET) notified the Company (THL) in
November 1997 that the Company was not generating sufficient revenue
from its core business of tin mining. Subsequently, THL’s shares were
suspended from trading. The Company undertook restructuring and
improvement of its business activities in accordance with SET
directives. In January 2003, the first batch of 6 gold mining licenses
were granted and two months later in March, the SET allowed the
Company’s shares to resume trading under the Rehabilitation Companies
(REHABCO) sector.

Nevertheless, on November 14, 2005, the SET posted the “SP” sign and
moved the Company’s share to the Non Performing Group because the
Company was unable to achieve positive operating results within the
predetermined time (the third quarter of 2006) due to slow progress in
obtaining development financing from financial institutions for its gold
mining project in Loei.

In the year of 2006, Tungkum’s gold operations underwent commissioning
and be officially commenced commercial operations from September 2006
onward. Gold production aided in turning Company operations from the red
to marginal profitable at the end of 2006 which was a special occasion
as Tongkah Harbour Public Company Limited marked 100 years of continuous
operations in the mining business.

On 4 May 2007, with profitable operations for 2006, the Stock Exchange
of Thailand reinstated the Company’s security trading.

7.2 Ten Major Shareholders as of 30 December 2009

+-----------------------------------+---+------------+---+------------+
|   Shareholders                    |   |   Number   |   |            |
|                                   |   |   of       |   | Percentage |
|                                   |   |   Shares   |   |            |
|                                   |   |   hold     |   |            |
+-----------------------------------+---+------------+---+------------+
|   1. Sintana Holdings Limited (1) |   |            |   |   4.89     |
|                                   |   | 37,033,427 |   |            |
|                                   | * |            |   |            |
+-----------------------------------+---+------------+---+------------+
|   2. The Ministry of Finance      |   |            |   |   1.98     |
|                                   |   | 15,000,000 |   |            |
+-----------------------------------+---+------------+---+------------+
|   3. Paron Holdings Limited (2)   |   |            |   |   1.78     |
|                                   |   | 13,500,000 |   |            |
|                                   | * |            |   |            |
+-----------------------------------+---+------------+---+------------+
|   4. Sino Pac Investments (L)     |   |            |   |   1.68     |
|   Limited (3)                     |   | 12,689,460 |   |            |
|                                   | * |            |   |            |
+-----------------------------------+---+------------+---+------------+
|   5. Paron Resources Inc. (4)     |   |            |   |   1.59     |
|                                   |   | 12,000,000 |   |            |
|                                   | * |            |   |            |
+-----------------------------------+---+------------+---+------------+
|   6. Mr. Ronald Ng Wai Choi       |   |            |   |   0.60     |
|                                   |   |  4,517,441 |   |            |
+-----------------------------------+---+------------+---+------------+
|   7. Mr. Phurintr Kiatsoonthorn   |   |            |   |   0.35     |
|   by assets protector of Wall     |   |  2,662,000 |   |            |
|   street Security Ltd.            |   |            |   |            |
+-----------------------------------+---+------------+---+------------+
|   8. Ms. Salill Lamsum            |   |            |   |   0.18     |
|                                   |   |  1,343,457 |   |            |
+-----------------------------------+---+------------+---+------------+
|   9. Mr. Nopadon Mantajit         |   |            |   |   0.17     |
|                                   |   |  1,273,419 |   |            |
+-----------------------------------+---+------------+---+------------+
|   10. Mr. Somsak Ruamkid          |   |   700,000  |   |   0.09     |
+-----------------------------------+---+------------+---+------------+
|   Other shareholders              |   |   6        |   |   86.69    |
|                                   |   | 56,220,259 |   |            |
+-----------------------------------+---+------------+---+------------+
|   Total as of 30 December 2009    |   |   7        |   |   100.00   |
|                                   |   | 56,939,463 |   |            |
+-----------------------------------+---+------------+---+------------+
|   Total Thai Shareholding         |   |   7        |   |   93.58    |
|                                   |   | 08,309,952 |   |            |
+-----------------------------------+---+------------+---+------------+
|   Total Foreign Shareholding      |   |            |   |   6.42     |
|                                   |   | 48,629,511 |   |            |
+-----------------------------------+---+------------+---+------------+

  Note 1: * Related Companies. The above shareholders lists are
  information furnished by Thailand Securities Depository Limited (TSD)

Note 2: The shareholders of the (1) are as follows:

  ------------------------------------ ----------------------------------
  Name                                 Total share (Percent)

  1) Ms. Montha Kongkum                2.00

  2) Mr. Sukkij Rodpradit              2.00

  3) Ms. Reine Ng Quen-Li              48.00

  4) Mr. John Yangpichit               48.00
  ------------------------------------ ----------------------------------

The shareholders of (2) are as follows:

  ------------------------------------ ----------------------------------
  Name                                 Total share (Percent)

  1) Mr. Ng Wai Choi Ronald            0.50

  2) Mr. Ng Thow Foong                 99.50
  ------------------------------------ ----------------------------------

The shareholders of (3) are as follows:

  ------------------------------------ ----------------------------------
  Name                                 Total share (Percent)

  1) Shearn Skinner Trust Company Ltd. 0.40

  2) Davenport Sun International       99.60
  Hotels & Properties, Inc             
  ------------------------------------ ----------------------------------

The major shareholders of (4) are as follows:

  ------------------------------------ ----------------------------------
  Name                                 Total share (Percent)

  1) CDS & Co NCI Account              73.57

  2) Tan Lang Huan                     6.00

  3) Goh Cheng San                     6.77

  4) Khoo Teng Wah                     7.53
  ------------------------------------ ----------------------------------

7.3 Dividend Payment Policy

Dividend policy of the Company is payment at least 25% of net income
after tax of the previous year.