5. Assets Utilization in the Course of Business

Book value of Property, Plant and Equipment and Leasehold as follow:

+------------+-----------+------+------+------+------+------+------+
| Assets     | Type      | Book |      |      | Co   |      |      |
|            |           | V    |      |      | llat |      |      |
|            |           | alue |      |      | eral |      |      |
|            |           |      |      |      | aga  |      |      |
|            |           | (mil |      |      | inst |      |      |
|            |           | lion |      |      | bank |      |      |
|            |           | b    |      |      | ov   |      |      |
|            |           | aht) |      |      | erdr |      |      |
|            |           |      |      |      | afts |      |      |
|            |           |      |      |      | and  |      |      |
|            |           |      |      |      | l    |      |      |
|            |           |      |      |      | ong- |      |      |
|            |           |      |      |      | term |      |      |
|            |           |      |      |      | l    |      |      |
|            |           |      |      |      | oans |      |      |
+------------+-----------+------+------+------+------+------+------+
|            |           | 31/1 | 31/1 | 31/1 | 31/1 | 31/1 | 31/1 |
|            |           | 2/07 | 2/06 | 2/05 | 2/07 | 2/06 | 2/05 |
+------------+-----------+------+------+------+------+------+------+
| Land       | Owner     | 2    | 2    | 2    | -    | -    | -    |
|            |           | 6.10 | 6.10 | 2.06 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Building*  | Owner     | 8.67 | 9.66 | -    | -    | -    | -    |
+------------+-----------+------+------+------+------+------+------+
| Building   | Owner     | 7    | 7    | 7    | -    | -    | -    |
| Decoration |           | 5.53 | 3.66 | 8.25 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Office     | Owner     | 15   | 14   | 14   | -    | -    | -    |
| Equipment  |           | 9.01 | 9.26 | 1.29 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Vehicles   | Owner     | 7.49 | 4.18 | 7.39 | -    | -    | -    |
+------------+-----------+------+------+------+------+------+------+
| Work-I     | Owner     | 1    | 1.21 | 6.29 | -    | -    | -    |
| n-Progress |           | 1.83 |      |      |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Leasehold  | Area      | 14   | 15   | 16   | -    | -    | -    |
|            | rights    | 1.73 | 4.29 | 6.86 |      |      |      |
|            | holder    |      |      |      |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Total      |           | 43   | 41   | 42   | -    | -    | -    |
|            |           | 0.36 | 8.36 | 2.14 |      |      |      |
+------------+-----------+------+------+------+------+------+------+

Remark * Net book value from accumulated depreciation as of December 31,
2005 amounting THB 2 cause of the full allocated from depreciation.

5.1 Major characteristics of the fixed assets consisting of land,
buildings, equipment and leasehold summarized as follows:

1.  The Company owns the leasehold of space, parking and service at
    Nation Tower Building. The term of the leasehold is active for 3
    years, remaining term is 2 years and also maintain the right to
    renew the contract for another 3 more years.

2.  The Company also signed two contracts for the leasing of two
    warehouses located at King Kaew Road. The term of Contracts will
    last for 3 years from January 1, 2006 to June 14, 2009, also
    maintaining the right to renew the contract for another 3 more
    years. The rented spaces are used for the Company’s book
    distribution business activity.

3.  The Company obtains the leasehold of space usage for 247 SBC
    locations limiting 1 year to 12 years, with which the contract has 6
    more year left. In general, the Company has made two types of space
    renting contracts that are the renting fees from the value of each
    branch sales, in which case the percentage rate depends upon the
    contract agreed between the two parties concerned and the rental
    rate is constant.

4.  Currently the Company is the holder of 13 leaseholds for the space
    usage of operating bookstores in leading shopping centers, with the
    average lease duration from 15 years to 8 months to 30 years. The
    remaining lease term is now 3 years to 19 years whereas the net book
    value amount as of December 31, 2007 is THB 141.73 million.

5.2 Intangible Assets The main feature of the Intangible Assets is the
copyrights for publishing in which the Company does direct contracts
with copyright holders. These contracts are with the average duration of
3 years, which are renewed for 3 years automatically after the expiry
date, or until the printout. Currently, the Company holds internal and
foreign copyright contracts summarized as follows:

  December 31, 2007

  -------------------------------------------------- --------------------
  Copyright Contracts                                Copies

  Internal Copyright Contracts                       1,556

  Foreign Copyright Contracts                        1,240
  -------------------------------------------------- --------------------

5.3 Investment Policy in Subsidiary and Associated Companies

Investment policy: Apart from the main business, the Company also
invests in the business that is related to the main business or business
that supports the Company’s operation and in line with the main
objective in that it facilitates the learning to gain knowledge that
allows Thais knowledge development in the field that is crucial to the
national development and business opportunity in long appropriate term
for the Company.

The control of Company’s subsidiary and associated companies: The
Company has only one subsidiary company that is SE-ED Book Center
Company Limited founded on May 11, 2001. By establishing a company to
create the trade name SE-ED Book Center as a registered company, it
helps to prevent the Company from being violated by other party in terms
of copyrights infringement by using the same name.

Furthermore, the Company has two associated companies

1.  M & E Company Limited SE-ED has assigned a director to this company.
    Mr. Thanong Chotisorayuth is the Director.

2.  Plearn Patt Company Limited, and the Company has assigned 3
    Directors to be the Directors of this company, and the Directors to
    this company are as shown below.

  ------------------------------------ ----------------------------------
  Name                                 Position

  1. Mr. Thanong Chotisorayuth         Director and Executive Director

  2. Mr. Viboolsak Udomvanich          Executive Director

  3. Mr. Kachen Benjakul               Executive Director
  ------------------------------------ ----------------------------------