4.  Nature of Business by business category

  The company is engaged in the manufacture of computer monitors, LCD-TV
  and printed board assemblies for monitor.

1.  Company, its Subsidiary and Associated Companies’ Nature of Business

  The Company manufactures, sells and service computer monitors with its
  manufacturing operation in Thailand where computer monitor are
  produced and sold under its customers’ brand names (OEM customers).
  The Companies’ sales transactions are generated through an associated
  company in Hong Kong and after sales services are provided through
  associated companies in USA, Europe, and the Far East (Japan, Taiwan).

  Before 2000, the Company also assembled Printed Circuit Boards for
  computer monitors manufactured by its associated company, Capetronic
  (Kaohsiung) Corporation (“CKC”). However, the Company stopped
  producing Printed Circuit Board in the third quarter of 1999 as per
  management’s decision to transfer computer monitor production from
  Taiwan to Thailand and Capetronic (Kaohsiung) Corporation ceased its
  operation by the end of 1999.

The Company’s investment structure

+----------------------------+-------------+--------+-----------------+
| Name of Company            | Place of    | Inve   | Investment      |
|                            | r           | stment | proportion by   |
|                            | egistration | prop   | Capetronic      |
|                            |             | ortion | Computer        |
|                            |             |        | Products        |
|                            |             |        | Holdings        |
|                            |             |        | Limited         |
|                            |             |        |                 |
|                            |             |        | or              |
|                            |             |        |                 |
|                            |             |        | Capetronic      |
|                            |             |        | Computer        |
|                            |             |        | Peripherals     |
|                            |             |        | Holdings        |
|                            |             |        | Limited         |
+----------------------------+-------------+--------+-----------------+
| Capetronic (Thailand)      | Thailand    | 100%   | -               |
| Limited                    |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer        | British     | 50%    | -               |
| Products Holdings Ltd.     | Virgin      |        |                 |
|                            | Island      |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer        | Bahamas     | 50%    | -               |
| Peripheral Holdings Ltd.   |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic (Kaohsiung)     | Taiwan      | -      | 97.3% in common |
| Corporation.               |             |        | stock           |
|                            |             |        |                 |
|                            |             |        | 100% in         |
|                            |             |        | preferred stock |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer USA    | Bermuda     | -      | 100%            |
| (HK) Ltd.                  |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic China (Panyu)   | Hong Kong   | -      | 100%            |
| Ltd.                       |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic (UK) Ltd.       | U.K.        | -      | 100%            |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer Inc.   | USA         | -      | 100%            |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer Sales  | Hong Kong   | -      | 100%            |
| Ltd.                       |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer        | British     | -      | 100%            |
| International Ltd.         | Virgin      |        |                 |
|                            | Island      |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic International   | Hong Kong   | -      | 100%            |
| Export Ltd.                |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Management      | Hong Kong   | -      | 100%            |
| Services Ltd.              |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer USA    | British     | -      | 100%            |
| (HK) Limited               | Virgin      |        |                 |
|                            | Island      |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic Multimedia      | Singapore   | -      | 100%            |
| Development Pte Ltd.       |             |        |                 |
+----------------------------+-------------+--------+-----------------+
| Capetronic USA             | USA         | -      | 100% through    |
| Manufacturing Inc.         |             |        | Capetronic      |
|                            |             |        | Computer Inc.   |
+----------------------------+-------------+--------+-----------------+
| Capetronic Computer USA    | USA         | -      | 100% through    |
| (HK) Inc                   |             |        | Capetronic      |
|                            |             |        | Computer Inc.   |
+----------------------------+-------------+--------+-----------------+
| Teletech Sales Ltd.        | Thailand    | 20%    | -               |
+----------------------------+-------------+--------+-----------------+

  The Company’s investment structure classified by nature of business:

Manufacturing

Name of Company Nature of business

1. Capetronic International (Thailand) Plc. Manufacturer of Computer
Monitors /LCD-TV (Thailand)

 Sales

Name of Company Nature of business

 1. Capetronic Computer USA (HK) Ltd. (BVI) Sale of computer monitors, contact customers for Cape Group, located in Hong Kong.

 2. Capetronic Computer Sales Ltd. Sale of computer monitors, contact customers for Cape Group, located in Hong Kong.

 3. Capetronic Computer International Ltd. Sale of computer monitors, contact customers for Cape Group, located in Hong Kong.

4. Teletech Sales Ltd. Sale of televisions.

Services

Name of Company Nature of business

1. Capetronic (UK) Ltd. Provides after sales services in Europe, located in U.K.

2. Capetronic USA Manufacturing Inc. Provides after sales services in the USA, located in USA

3. Capetronic Multimedia Development Pte Ltd Research and Development

Investment 

Name of Company Nature of business

1. Capetronic Computer Products Holdings Ltd Holding Company

2. Capetronic Computer Peripherals Holdings Holding Company

Ltd

3. Capetronic Computer Inc. Holding Company

 Management 

Name of Company Nature of business

1. Capetronic International Export Ltd. Provision of management services

2. Capetronic Management Services Ltd Provision of management services

 Dormant Under Liquidation 

Name of Company Nature of business

  ------------------------------------- ---------------------------------
  1.Caeptronic Computer Products        Liquidation completed
  Holdings Limited                      

  2. Capetronic (UK) Limited            Cease operations/in liquidation

  3. Capetronic Computer International  Cease operations
  Limited                               

  4. Capetronic Computer Sales Limited  Cease operations

  5. Capetronic Management Services     Liquidation completed
  Limited                               

  6. Capetronic USA Manufacturing       Cease operations/in liquidation
  Limited                               

  7. Capetronic International Export    Liquidation completed
  Limited                               

  8. Capetronic China (Panyu) Limited   Liquidation completed

  9. Capetronic Computer Inc.           Liquidation completed

  10.Capetronic Computer USA HK Limited Liquidation completed
  – Bermuda                             

  11.Capetronic (Kaohsiung) Corporation Liquidation completed

  12.Capetronic Computer USA (HK) Inc.  Liquidation completed

  13.Capetronic (Thailand) Ltd.         Cease operations upon the
                                        transfer of its computer monitor
                                        production to Capetronic
                                        International (Thailand) PLC. Its
                                        original objective was the
                                        manufacture of computer monitors
                                        during the initial phase of
                                        operations.
  ------------------------------------- ---------------------------------

 Structure of the Company, its Subsidiary and Associated Companies as of 31^(st) December 2002.

2.  Structure of Revenues

(Unit : Million Baht)

+---------+---------+------+-------+---+--------+-----+-------+-----+
| PRODUCT | COMPANY | % OF | 2002  |   | 2001   |     | 2000  |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         |         | HOL  | REV   | % | RE     | %   | REV   | %   |
|         |         | DING | ENUES |   | VENUES |     | ENUES |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         |         |      |       |   |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
| C       | CTL -   | 100  | -     | - | -      | -   | -     | -   |
| OMPUTER | export  |      |       |   |        |     |       |     |
|         |         | -    | -     | - | -      | -   | -     | -   |
| MONITOR | - local |      |       |   |        |     |       |     |
| /LCD-TV |         |      |       |   |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         | CITL -  | -    | 130   | 8 | 5,405  | 9   | 1     | 100 |
|         | export  |      |       | 2 |        | 9.5 | 1,959 |     |
|         |         | -    | 29    |   | 25     |     |       |     |
|         | - local |      |       | 1 |        | 0.5 |       |     |
|         |         |      |       | 8 |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         |         |      |       |   |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
| PRINTED | CTL -   | 100  | -     | - | -      | -   | -     | -   |
| CIRCUIT | export  |      |       |   |        |     |       |     |
|         |         | -    | -     | - | -      | -   | -     | -   |
| BOARD   | - local |      |       |   |        |     |       |     |
| ASS     |         |      |       |   |        |     |       |     |
| EMBLIES |         |      |       |   |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         | CITL -  | -    | -     | - | -      | -   | -     | -   |
|         | export  |      |       |   |        |     |       |     |
|         |         | -    | -     |   | -      |     |       |     |
|         | - local |      |       |   |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         | Total - |      | 130   | 8 | 5,405  | 9   | 1     | 100 |
|         | export  |      |       | 2 |        | 9.5 | 1,959 |     |
|         |         |      | 29    |   | 25     |     |       |     |
|         | Total - |      |       | 1 |        | 0.5 |       |     |
|         | local   |      |       | 8 |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+
|         | Grand   |      | 159   | 1 | 5,430  | 100 | 1     | 100 |
|         | total   |      |       | 0 |        |     | 1,959 |     |
|         |         |      |       | 0 |        |     |       |     |
+---------+---------+------+-------+---+--------+-----+-------+-----+

  Remark : CTL = Capetronic (Thailand) Limited

  CITL = Capetronic International (Thailand) Public Company Limited