11. Inter-Company Transaction

The inter-business items between the Company and individuals who are
related can be shown as belows:

11.1 Inter-company transaction for the year ended on December 31, 2007,
2006 and 2005

+-----------------------+------------+-----------+------+------+------+
|                       | Nature o   | Type of   | As   |      |      |
|                       | f Business |  relation | of   |      |      |
|                       |            |           | Dece |      |      |
|                       |            |           | mber |      |      |
|                       |            |           | 31,  |      |      |
+-----------------------+------------+-----------+------+------+------+
|                       |            |           | 2007 | 2006 | 2005 |
+-----------------------+------------+-----------+------+------+------+
|                       |            |           | Thou | Thou | Thou |
|                       |            |           | sand | sand | sand |
|                       |            |           | Baht | Baht | Baht |
+-----------------------+------------+-----------+------+------+------+
| Interest receivable   |            |           |      |      |      |
| values                |            |           |      |      |      |
+-----------------------+------------+-----------+------+------+------+
| Plearn Patt Co., Ltd. | Priv       | Associate |      | 107  | 505  |
|                       | ate School | d company |      |      |      |
+-----------------------+------------+-----------+------+------+------+
| Purchase goods values |            |           |      |      |      |
+-----------------------+------------+-----------+------+------+------+
| M AND E Co., Ltd.     | Printing   | A         | 1    | 1    | 2    |
|                       | office     | ssociated | ,878 | ,678 | ,903 |
|                       | company,   | company   |      |      |      |
|                       |            |           |      |      |      |
|                       | produces   |           |      |      |      |
|                       | technical  |           |      |      |      |
|                       |            |           |      |      |      |
|                       | magazines  |           |      |      |      |
|                       | and        |           |      |      |      |
|                       |            |           |      |      |      |
|                       | e          |           |      |      |      |
|                       | ngineering |           |      |      |      |
|                       | manuals    |           |      |      |      |
+-----------------------+------------+-----------+------+------+------+
| Bliss Publishing Co., | Media &    | Company   | 12   | 12   | 6    |
| Ltd.                  | Printing   | related   | ,144 | ,655 | ,381 |
|                       |            | with      |      |      |      |
|                       |            | sha       |      |      |      |
|                       |            | reholders |      |      |      |
+-----------------------+------------+-----------+------+------+------+
| GMM Grammy Public     | Media &    | Sha       | 3    | 231  | 8    |
| Company Limited       | Printing   | reholders | ,604 |      |      |
+-----------------------+------------+-----------+------+------+------+

  (a) Inter-revenues and expenses

(b) Inter-asset and liabilities

+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   | Nature o   |   | Type of  | As of  |      |       |
|                    |   | f Business |   | relation | De     |      |       |
|                    |   |            |   |          | cember |      |       |
|                    |   |            |   |          | 31,    |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   |            |   |          | 2007   | 2006 | 2006  |
+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   |            |   |          | Th     | Thou | Tho   |
|                    |   |            |   |          | ousand | sand | usand |
|                    |   |            |   |          | Baht   | Baht | Baht  |
+--------------------+---+------------+---+----------+--------+------+-------+
| Loan due from      |   |            |   |          |        |      |       |
| associated company |   |            |   |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Ple                |   | Private    |   | As       |        |      |       |
| arn Patt Co., Ltd. |   | School     |   | sociated |        |      |       |
|                    |   |            |   | company  |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Beginning balance  |   |            |   |          | -      | 9    | 9,000 |
|                    |   |            |   |          |        | ,000 |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Increased in the   |   |            |   |          | -      | -    | -     |
| period             |   |            |   |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Received in the    |   |            |   |          | -      | (9,  | (9    |
| period             |   |            |   |          |        | 000) | ,000) |
+--------------------+---+------------+---+----------+--------+------+-------+
| Ending balance     |   |            |   |          | -      | -    | -     |
+--------------------+---+------------+---+----------+--------+------+-------+
| Accrued interest   |   |            |   |          |        |      |       |
| receivable         |   |            |   |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Plearn Patt Co.,   |   | Private    |   | As       | -      | -    | 174   |
| Ltd.               |   | School     |   | sociated |        |      |       |
|                    |   |            |   | company  |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   | Nature o   |   | Type of  | As of  |      |       |
|                    |   | f Business |   | relation | De     |      |       |
|                    |   |            |   |          | cember |      |       |
|                    |   |            |   |          | 31,    |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   |            |   |          | 2007   | 2006 | 2005  |
+--------------------+---+------------+---+----------+--------+------+-------+
|                    |   |            |   |          | Th     | Thou | Tho   |
|                    |   |            |   |          | ousand | sand | usand |
|                    |   |            |   |          | Baht   | Baht | Baht  |
+--------------------+---+------------+---+----------+--------+------+-------+
| Trade accounts     |   |            |   |          |        |      |       |
| payable            |   |            |   |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| M AND E Co., Ltd.  | P |            | A |          | 1,999  | 1    | 2,088 |
|                    | r |            | s |          |        | ,780 |       |
|                    | i |            | s |          |        |      |       |
|                    | n |            | o |          |        |      |       |
|                    | t |            | c |          |        |      |       |
|                    | i |            | i |          |        |      |       |
|                    | n |            | a |          |        |      |       |
|                    | g |            | t |          |        |      |       |
|                    | o |            | e |          |        |      |       |
|                    | f |            | d |          |        |      |       |
|                    | f |            | c |          |        |      |       |
|                    | i |            | o |          |        |      |       |
|                    | c |            | m |          |        |      |       |
|                    | e |            | p |          |        |      |       |
|                    | c |            | a |          |        |      |       |
|                    | o |            | n |          |        |      |       |
|                    | m |            | y |          |        |      |       |
|                    | p |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | y |            |   |          |        |      |       |
|                    | , |            |   |          |        |      |       |
|                    |   |            |   |          |        |      |       |
|                    | p |            |   |          |        |      |       |
|                    | r |            |   |          |        |      |       |
|                    | o |            |   |          |        |      |       |
|                    | d |            |   |          |        |      |       |
|                    | u |            |   |          |        |      |       |
|                    | c |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | s |            |   |          |        |      |       |
|                    | t |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | c |            |   |          |        |      |       |
|                    | h |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | i |            |   |          |        |      |       |
|                    | c |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | l |            |   |          |        |      |       |
|                    |   |            |   |          |        |      |       |
|                    | m |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | g |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | z |            |   |          |        |      |       |
|                    | i |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | s |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | d |            |   |          |        |      |       |
|                    |   |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | g |            |   |          |        |      |       |
|                    | i |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | e |            |   |          |        |      |       |
|                    | r |            |   |          |        |      |       |
|                    | i |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | g |            |   |          |        |      |       |
|                    | m |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | n |            |   |          |        |      |       |
|                    | u |            |   |          |        |      |       |
|                    | a |            |   |          |        |      |       |
|                    | l |            |   |          |        |      |       |
|                    | s |            |   |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+
| Bliss Publishing   | M |            | C |          | 6,190  | 2    | 1,708 |
| Co., Ltd.          | e |            | o |          |        | ,537 |       |
|                    | d |            | m |          |        |      |       |
|                    | i |            | p |          |        |      |       |
|                    | a |            | a |          |        |      |       |
|                    | & |            | n |          |        |      |       |
|                    | P |            | y |          |        |      |       |
|                    | r |            | r |          |        |      |       |
|                    | i |            | e |          |        |      |       |
|                    | n |            | l |          |        |      |       |
|                    | t |            | a |          |        |      |       |
|                    | i |            | t |          |        |      |       |
|                    | n |            | e |          |        |      |       |
|                    | g |            | d |          |        |      |       |
|                    |   |            | w |          |        |      |       |
|                    |   |            | i |          |        |      |       |
|                    |   |            | t |          |        |      |       |
|                    |   |            | h |          |        |      |       |
|                    |   |            | s |          |        |      |       |
|                    |   |            | h |          |        |      |       |
|                    |   |            | a |          |        |      |       |
|                    |   |            | r |          |        |      |       |
|                    |   |            | e |          |        |      |       |
|                    |   |            | h |          |        |      |       |
|                    |   |            | o |          |        |      |       |
|                    |   |            | l |          |        |      |       |
|                    |   |            | d |          |        |      |       |
|                    |   |            | e |          |        |      |       |
|                    |   |            | r |          |        |      |       |
|                    |   |            | s |          |        |      |       |
+--------------------+---+------------+---+----------+--------+------+-------+

0.  11.2 Need and reasonable of related party transactions Transactions
    between the Company, associated companies and related parties shall
    be approved by the Audit Committee, for fair transactions and
    appropriate costs compared to outside persons transactions and no
    interests transfer between the Company subsidiaries, associated
    companies and related parties.

    11.3 Transactions between related parties Transactions between the
    Company, management or Shareholders, or related parties are
    considered by the volume of transactions (according to the
    regulations defined by the Stock Exchange of Thailand). The Company
    has designated executives who are Members of the Board, comprising
    of Mr. Thanong Chotisorayuth, Mr. Viboolsak Udomvanich and Mr.
    Pongsak Sivapatrakumpol to approve transactions, by which agreements
    have to be signed and co–signed by two out of three executives.

Related transactions with executives or Shareholders that meet the
regulations determined by the SET have to follow those regulations.

Connected transactions with common interest persons need to be concurred
by an external Committee or independent experts.

11.4 Policy and trend of future transactions The Company may have
transactions with major Shareholders and executives in the future which
are in the forms of leasing, service providing, and copyright contracts
for the mutual benefit of the Company by disclosure of the types and
amount of related transactions between the Company and probable
conflicted persons accordance with the promulgations and regulations of
SEC and SET.