Other Documents

Report of the Audit Committee

As at 31 October 2007, the Audit Committee comprising of Mr. Pramoon
Vichiensin, Chairman of the Audit Committee; Pol. Gen. Boonpen
Bumpenboon, Audit Committee; and Mr. Sitti Leelakasamelurk, Audit
Committee had 4 meetings with the certified public accountant and
related management to acknowledge results of the corporate operation and
audits conducted by the certified public accountant and internal
auditors.

In accounting period 2007, the Audit Committee reviewed the following
major areas:

Corporate Governance: The Board of Directors and management emphasize
corporate governance to enhance confidence among shareholders and all
related parties.

Financial Statements as at 31 October 2007: Quarterly audit results and
annual financial statement audit results were reviewed. The Deputy
Managing Director—Finance and Accounting, and certified public
accountant reported that the Company’s financial statements were fairly
presented in accordance with generally accepted accounting principles
and regulations issued by the Stock Exchange of Thailand and the
Securities and Exchanged Commission for listed companies.

Related Party Transaction: Related party transactions which may cause
conflicts of interest are fairly disclosed and perfectly normal as
corporate governance has been practiced.

Risk Management: The Board of Directors and management realize the
importance of risk management. Corporate employees are trained for
effective risk management which covers all aspects that may affect the
Company’s operation in both short and long terms.

Internal Control: The Audit Committee reviewed the asset control,
allowance for uncollectible, raw material purchases, inventories,
payments, withholding tax deduction, and personnel. The Company’s
control is considered effective. The internal auditors recommended more
appropriate and efficient methods for the Company’s asset control and
inventories.

Financial Statements 2007: The Audit committee proposed to the annual
general meeting Ms. Praphasri Leelasupha, Certified Public Accountant
(Thailand) Number 4664, or Ms.Sansanee Poolsawat, Certified Public
Accountant (Thailand) Number 6977 of Sam Nak-Gnan A.M.C Co., Ltd. as an
independent auditor for another term.

  (Mr. Pramoon Vichiensin)

Chairman of the Audit Committee

Report of the Nomination and Remuneration Committee

The Nomination and Remuneration Committee was appointed by the Board of
Directors. Its term of office is 2 years. The following are three
members of the committee:

1 Pol. Lt. Gen. Boonpen Bumpenboon Chairman

2 Mr. Pramoon Vichiensin Director

3 Ms. Duangdao Chinthammit Director

The Remuneration and Nomination Committee is in charge of seeking
qualified individuals to serve as directors in corporate Board of
Directors and committees appointed by the Board directly. It also
engages in considering corporate directors’ remunerations and proposing
them to the Board. In 2007, the Nomination and Remuneration Committee
had 2 meetings on September 21, 2007 and October 24, 2007.

In proposing individuals to serve as directors in the Board of Directors
and committees, the Nomination and Remuneration Committee considers
their qualifications, knowledge, competency, skills, experiences,
expertise in various fields, leadership, vision, and attitudes that are
supportive to the Company’s operations. The committee also ensures that
the size, structure and components of the Board of Directors are
sufficient for corporate governance and effective management, as well as
in line with the government’s legislation and dynamic environments.

To determine remunerations for the Board and committees, the Nomination
and Remuneration Committee considers their responsibilities,
assignments, works, corporate operating results, business environments,
other factors that may affect the Company’s businesses, and the economy.

As at October 31, 2007, the Board of Directors is composed of 4
independent directors, 2 non-executive directors and 12 executive
directors. Directors and executives’ remunerations shown in the
Remunerations of the Board of Directors and Executives in 2007 section
have been reviewed and considered to be appropriate by the Nomination
and Remuneration Committee. Such remunerations have been further
considered and approved by the Board of Directors.

  (Pol. Lt. Gen. Boonpen Bumpenboon)

Chairman of

  the Nomination and Remuneration Committee

Report of the Risk Management Committee

As at accounting year-end October 31, 2007, the Risk Management
Committee, which comprises of Mr. Somchat Chinthammit--Chairman of the
Risk Management Committee , Mr. Sitti Leelakasemlurk and Mr. Chalush
Chinthammit, had 2 meetings where all of the committee members were
physically present.

In accounting period 2007, the Audit Committee reviewed the following
major areas:

Responsibilities of the Risk Management Committee: The committee is in
charge of determining policies, promoting understanding of risk
management among the Company’s personnel, designing risk management
measures, considering and monitoring corporate early warning system, and
scanning for irregularity.

Implementation of Risk Management Measures: The implementation is
divided into short term and medium term. In the short term, the Risk
Management Committee holds a meeting to discuss an investment proposal.
Besides determining the return on investment, potential risks are
pointed out. The risk management procedure, which is a top-down
strategy, begins with the Risk Management Committee meetings. Awareness
of potential risks are raised among corporate personnel. In the medium
term, the committee is currently seeking a risk management consulting
team to design a total risk management system for the Company.

(Mr. Somchat Chinthammit)

Chairman of

  the Risk Management Committee