7.  CAPITAL STRUCTURE

    1.  Share capital

  As of 31^(st) December 2003, the Company’s registered capital was Baht
  20,156,392,580 categorized to 2,015,639,258 ordinary shares at the par
  value of Baht 10 each.

  The Company’s issued and fully paid capital was Baht 14,009,373,600
  categorized to 1,400,937,360 ordinary shares at the par value of Baht
  10 each.

  The Company has an obligation to issue 67,898,280 new ordinary shares
  which are reserved for warrants in the proportion of 1 warrant to
  1.074 new share with an exercise price of Baht 10 per share. The
  exercise term is 10 years and the last exercise date is Jun 30, 2008.

2.  Major of Shareholders

  As at December 31,2003 : the major shareholders are as follow :-

+-------------------------------------------+---------------+----------+
| Shareholders                              | December 31,  |          |
|                                           | 2003          |          |
+-------------------------------------------+---------------+----------+
|                                           | No. of shares | %        |
+-------------------------------------------+---------------+----------+
| Ordinary Shares                           |               |          |
+-------------------------------------------+---------------+----------+
| 1. The Grande Capetronic Holdings Limited | 354,388,500   | 25.30    |
+-------------------------------------------+---------------+----------+
| 2. The Grande Holdings Limited            | 343,921,452   | 24.55    |
+-------------------------------------------+---------------+----------+
| 3. The Grande (Nominees) Limited          | 336,973,965   | 24.05    |
+-------------------------------------------+---------------+----------+
| 4. Thailand Securities Depository for     | 202,269,495   | 14.44    |
| Depositor                                 |               |          |
+-------------------------------------------+---------------+----------+
| 5. The Alpha Capital Group Limited        | 60,000,000    | 4.28     |
+-------------------------------------------+---------------+----------+
| 6. Thailand Securities Depsitory for      | 35,821,633    | 2.56     |
| Depositor                                 |               |          |
+-------------------------------------------+---------------+----------+
| 7. Scotia Investment Partners Inc.        | 30,000,000    | 2.14     |
+-------------------------------------------+---------------+----------+
| 8. The Alpha Capital Limited              | 30,000,000    | 2.14     |
+-------------------------------------------+---------------+----------+
| 9. Khun Kaewta Saetun                     | 1,493,250     | 0.11     |
+-------------------------------------------+---------------+----------+
| 10.Khun Kongsak Wongsakwanitch            | 475,875       | 0.03     |
+-------------------------------------------+---------------+----------+
| Other shareholders                        | 5,593,190     | 0.40     |
+-------------------------------------------+---------------+----------+
| Total Ordinary Shares                     | 1,400,937,360 | 100.00   |
+-------------------------------------------+---------------+----------+