1.  RISK FACTOR

    1.  Reliance on single product

  The Company manufactures and distributes only computer monitors which
  at present, there is no indication that the current technology is out
  of date. In addition, the computer monitor industry is continually
  growing despite severe competition in pricing, payment term and
  products quality. From the management stand point, the computer
  monitor product will still be in the market in future and its demand
  will also grow.

  However, the Company is also focusing on the new products with
  consideration of our engineering strength in video and audio, along
  with the new employment of software in order to work out future new
  product line to minimize risk from reliance on single product.

2.  Financial and foreign exchange risk

    In 2000, the Company had gain from exchange rate approximately Baht
    305 million, which resulted from the translation of foreign
    currencies of the balance sheet items from the weakening of Thai
    Baht against US dollar. The exchange gain was included in operation
    results.

    The Company does not have any measurements to protect the impact
    from the fluctuation of the foreign exchange because the Company
    sells solely in US$ currency and the Company buys most of its
    components in US$ currency as well. Thus, gain or loss that may
    arise from these transactions will be offset and have limited impact

    However, the Company may have a gain or loss resulted from
    translation of balance sheet items in foreign currencies as at the
    balance sheet date. This translation is made in accordance with the
    general accounting standards. For example, if the Baht at one period
    end is stronger, the balance sheet items in foreign currencies will
    be converted and a foreign exchange translation loss will be
    incurred. If the Baht is weaker, the foreign exchange translation
    gain will be incurred.

3.  Raw materials risk

    The raw materials the Company uses in production are mainly CRTs,
    PCBs and semiconductors. Semiconductors are the raw materials in
    which worldwide shortages have risen from the year 1999 and thus can
    bring rapid price increases. In addition, the rapid change in
    technology and the flexibility of order cancellation by customers
    can cause the inventory obsolescence or excess inventory. Hence, the
    Company takes the following steps to reduce its exposure to a
    possible worldwide shortage:

1.  Use the MRP program to forecast accurate requirements of material
    based on the most current sales plan (customers’ order) and on-hand
    inventory. The material planning function also work closely with
    sales and production department to assure the accurate requirement
    and updated demand.

2.  Purchase raw material from various vendors to prevent one vendor
    from establishing a monopoly.

3.  Negotiate postponement or cancellation raw material delivery in
    cases when there is a change in production schedule or cancellation
    of order.

4.  Standardize the raw material by research and development department
    in order to reduce the various components from model to model.

5.  Negotiate with customer to pre-acknowledge for the cancellation of
    unique material usage as well as to charge material cost to customer
    in case of short notice.

6.  Strictly control inventory level by reducing long period in advance
    purchase.

    1.  Reliance on major customer

  At present, substantial Japanese Corporation is the Company’s major
  customer. For the year 2000, the Company sold to this Japanese
  corporation approximately Baht 8,571 million (71.7 % of total sales).
  The Company has long relationship with the customer as from the start
  up of business. Even though the customer has other suppliers for
  computer monitors due to widen distribution and reduce reliance on
  single supplier, the management expect that sales for this customer
  for the year 2001 will stay close to year 2000 as the Company has
  continual cooperation with its customer in products design and
  development.

  However, the Company plans to reduce the risk from reliance on single
  customer by securing new business from other customers. At present,
  the Company is trying to maintain internal operations to be in a
  stable position by concentrates on costs and expenses control for a
  period of time and will secure new business with other customers by
  the second half of 2001.

2.  Risk of having a major shareholder (holding more than 75 percent)

  The major shareholder of the Company comprises the companies within
  the group of The Grande Holdings Limited, holding in aggregate 775.35
  million shares or 81.55 percent of the total issued shares in the
  Company. The shareholding of more than 75 percent effectively allows
  this major shareholder to have control over the Company in relation to
  matters requiring the approval of the shareholders. As a result, there
  is a risk to minority shareholders that they are unable to vote down
  the matters proposed by this major shareholder. However, this does not
  apply to the case where this major shareholder is an interested
  shareholder and must abstain from voting or where the regulations of
  the SEC or the SET provides for the veto right of the minority
  shareholders.