General information 

+------------+---------------------------------------------------------+
| Name       | Chiangmai Frozen Foods Public Company Limited           |
+------------+---------------------------------------------------------+
| Office     | 149/34 Soi Anglo Plaza, Surawongse Road, Kwaeng         |
| Location   | Suriyawongse, Bangrak, Bangkok 10500, Thailand.         |
+------------+---------------------------------------------------------+
| Re         | 0107537000513                                           |
| gistration |                                                         |
+------------+---------------------------------------------------------+
| Telephone  | (662) 238-4091, 634-0061-4                              |
+------------+---------------------------------------------------------+
| Facsimile  | (662) 238-4090                                          |
+------------+---------------------------------------------------------+
| Website    | www.cmfrozen.com                                        |
+------------+---------------------------------------------------------+
| Business   | Manufacture and Export of Frozen Vegetables             |
| Type       |                                                         |
|            | such as Soy Beans, Green Beans, Sweet Corn, Carrot,     |
|            | Baby Corn etc.                                          |
+------------+---------------------------------------------------------+
| Capacity   | 42,000 Metric Tons per Year                             |
+------------+---------------------------------------------------------+
| Factory    | 1^(st) Plant No. 92 Moo 3, Chiangmai-Phrao Road,        |
| (Branch)   | Nongjom, Sansai, Chiangmai Province 50210, Thailand.    |
|            |                                                         |
|            | 2^(nd) Plant No. 299 Moo 14, Chiangmai-Phrao Road, Mae  |
|            | Fag Mai, Sansai, Chiangmai Province 50290, Thailand.    |
+------------+---------------------------------------------------------+
| Registered | 381,146,251 common share each with par value 1 baht and |
| Capital    | in the aggregate value of 381,146,251 baht.             |
+------------+---------------------------------------------------------+
| Paid-up    | 381,145,725 common share each with par value 1 baht and |
| Capital    | in the aggregate value of 381,145,725 baht.             |
+------------+---------------------------------------------------------+

Shares in juristic persons held by the company from 10% upwards

  -------------------- --------------------------------------------------
  Name                 Agrifood Processing Co., Ltd.

  Location             149/34 Soi Anglo Plaza, Surawongse Rd., Kwaeng
                       Suriyawongse, Bangrak, Bangkok 10500, Thailand.

  Telephone, Facsimile Phone: (662) 634-2282-6 Fax: (662) 634-2287

  Business Type        Conduct business buying-selling, distributer
                       (Export) Frozen Sweet Corn.

  Registered Capital   Ordinary share 12,000,000 shares of each 10
                       baht/share total 120,000,000.00 baht.

  Paid-up Capital      Ordinary share 12,000,000 shares of each 10
                       baht/share paid up 30,000,000.00 baht.

  Percentage of        100 % by the company.
  Shareholding         
  -------------------- --------------------------------------------------

Other referred juristic persons

+------------------+---------------------------------------------------+
| Registrar        | Thailand Securities Depository Co., Ltd.          |
|                  |                                                   |
|                  | 62 The Stock Exchange of Thailand Building,       |
|                  | 4,6-7^(th) Floor, Rachadapisek Road, Kwaeng       |
|                  | Klongtoey, Khet Klongtoey, Bangkok                |
|                  | 10110,Thailand.                                   |
|                  |                                                   |
|                  | Tel.(662)229-2800,654-5599 Fax.(662)359-1262-3    |
+------------------+---------------------------------------------------+
| Auditor          | Miss Nongram Laoha-areedilok,C.P.A.(Thailand)     |
|                  | No.4334                                           |
|                  |                                                   |
|                  | AST Master Office of 790/12 Thonglor Tower, Soi   |
|                  | Tonglor 18, Sukhumvit Road 55, Kwaeng Klongtoey,  |
|                  | Khet Wattana, Bangkok 10110, Thailand.            |
|                  | Tel.(662)381-5716, 381-8016                       |
+------------------+---------------------------------------------------+
| Legal Advisor    | Mr. Wanchandr Sivaboonyawongs,                    |
|                  |                                                   |
|                  | Wisal & Associates Law Co., Ltd. 83-85 Soi Anuman |
|                  | Rajathon, Dejo Road, Khet Bangrak, Bangkok 10500, |
|                  | Thailand. Tel.(662)266-8217-8                     |
+------------------+---------------------------------------------------+
| Financial        | Siam Commercial Bank Public Co., Ltd.             |
| Institution      |                                                   |
|                  | Mizuho Corporate Bank, Ltd. – Bangkok Office.     |
|                  |                                                   |
|                  | Thanachart Bank                                   |
+------------------+---------------------------------------------------+

SUMMARY FINANCIAL INFORMATION OF THE COMPANY Financial Statements (
Unit: Thousand Baht )

  ------------------------- -------------- ----------- ----------- ----------- ----------- -----------
  Particular                Consolidated                           Separate                
                            F/S.                                   F/S.                    

                            2012           2011        2010        2012        2011        2010

  Total assets              1,434,738      1,273,460   1,358,830   1,413,415   1,255,746   1,345,187

  Total liabilities         143,087        103,188     87,860      139,155     99,707      86,466

  Shareholders’ equity      1,291,651      1,170,272   1,270,970   1,274,260   1,156,039   1,258,721

  Sale revenue              1,491,529      1,293,387   1,367,578   1,466,095   1,267,970   1,349,072

  Total income              1,520,862      1,317,773   1,410,874   1,492,318   1,290,896   1,388,513

  Gross profit              380,743        244,259     338,720     357,975     219,838     321,855

  Net profit (loss)         174,738        55,796      158,188     171,581     52,542      159,724
  ------------------------- -------------- ----------- ----------- ----------- ----------- -----------

Financial Ratio

  ------------------------- -------------- ------- ------- ---------- ------- -------
  Particular                Consolidated                   Separate           
                            F/S.                           F/S.               

                            2012           2011    2010    2012       2011    2010

  Net profit ratio per      11.72          4.31    11.57   11.70      4.14    11.84
  total income %                                                              

  Return on equity %        13.53          4.77    12.45   13.47      4.54    12.69

  Return on assets %        12.18          4.38    11.64   12.14      4.18    11.87

  Net profit(loss) per      0.46           0.15    0.42    0.45       0.14    0.42
  share Baht                                                                  

  Annual Dividend per share 0.28           0.14    0.35    0.28       0.14    0.35
  Baht                                                                        

  Book value per share Baht 3.39           3.07    3.33    3.34       3.03    3.30

  Net assets value per      3.76           3.34    3.57    3.71       3.29    3.53
  share Baht                                                                  
  ------------------------- -------------- ------- ------- ---------- ------- -------