5.  Asset Used in Business Operations

    1.  Assets

  Assets of the Company or subsidiary as at 31 December 2008 are as
  follows:

1.  Land, Buildings, and Machinery

(1) Land, Buildings

Assets of the Company and the Subsidiaries (Group)

  Cost (Baht) Net Book Value(Baht)

  ------------------------------- ------------------ ------------------ -----
  Land                            468,864,938.00     468,864,938.00     

  Land Improvement                76,125,282.52      52,885,231.75      

  Building, Building Improvement  89,683,617.89      65,700,095.06      

  Motor Vehicles                  142,591,757.37     54,379,463.68      

  Furniture and Office Equipment  17,212,479.79      4,045,496.49       

  Machinery and Equipment         557,244,926.11     430,510,667.42     

  Construction in progress and    131,839,510.27     119,184,393.58     
  Others                                                                

                                  1,483,562,511.95   1,195,570,285.98   
  ------------------------------- ------------------ ------------------ -----

Details of the Group’s lands: As at 31 December 2008, total company land
is 60 rai 2 ngan 91.10 sq wah, cost at Baht 48,283,250.00 . The Group’s
land is 148 rai, 4 ngan, 183sq wah, cost Baht 474,618,188.00. The
details are as follows:

+-------+-------+-------+-------+----------+-----------------+------+
| Loc   | N     | Rai   | Sq.   | Cost     | Owner           | St   |
| ation | umber |       | m.    |          |                 | atus |
|       | of    |       |       | (Baht)   |                 |      |
|       | Lands |       |       |          |                 |      |
|       | Title |       |       |          |                 |      |
|       | Deeds |       |       |          |                 |      |
+-------+-------+-------+-------+----------+-----------------+------+
| P     | 5     | 22.   | 35,   | 42       | Tongkah Harbour | (A)  |
| huket |       | 37275 | 796.4 | ,530,000 | PCL.            |      |
+-------+-------+-------+-------+----------+-----------------+------+
| Loei  | 17    | 8     | 13    | 12       | Tungkum Limited | (B)  |
|       |       | 5.325 | 6,520 | ,011,688 |                 |      |
+-------+-------+-------+-------+----------+-----------------+------+
| Sar   | 2     | 3     | 6     | 5        | Tongkah Harbour | (A)  |
| aburi |       | 8.355 | 1,368 | ,753,250 | PCL.            |      |
+-------+-------+-------+-------+----------+-----------------+------+
| Ba    | 3     | 3.    | 5     | 408      | Sky Cliff       | (C)  |
| ngkok |       | 40475 | 447.6 | ,570,000 | Limited         |      |
+-------+-------+-------+-------+----------+-----------------+------+
| Total |       | 148   | 23    | 468      |                 |      |
|       |       | .4575 | 9,132 | ,864,938 |                 |      |
+-------+-------+-------+-------+----------+-----------------+------+

(A) Proceeds from the sale of 2 plots of land were used to repay bank
loans.

(B) All land is free-hold

(C) One piece is mortgaged with Siam Commercial Bank for long-term and
    bank overdraft for an outstanding amount of Baht 6.22 million as of
    December 31, 2008.

(2) Machinery where the book value is more than 10% of total assets.

  Quantity Depreciable Life No. of Year Used Book Value

-   The Company Only -NONE-

-   Consolidated -NONE-

    1.  Property Development

The appraisal value of the Company’s land on Ratchadapisek Road, Bangkok
is Baht 300,000 per sq wah as (Baht 75,000/sq m) shown in Note 15 in the
Company’s Financial Statement.

2.  Mining Rights

The Company’s offshore tin mining concession agreement details are shown in Note 11 Deferred expenditures of andesite mining project, net in the Company’s Financial Statement. Additional, the Company’s gold mining licenses details are shown in Note 12 Deferred exploration expenditures of gold mining project, net. Note 13 is Deferred expenditures for Phuket Project, net

3.  Policy on Investment in Subsidiary and Associated Companies

Any significant share acquisitions or investment in projects will be
considered and approved by the Board of Directors of each company
concerned prior to recommendation to shareholders for consideration.

Management Policy

Major shareholders normally appoint their representatives to the board
of directors of the subsidiary and associated companies. Director seats
will be allocated in proportion with the investment ratio. Each
subsidiary and associated company, therefore, has its own board of
directors whose policies and regulations are guided. However, the
Company, as the major shareholder, has control in the subsidiary’s
business operations.

NB: 100sqwah=1ngan,1 ngan=0.25rai, 1 rai=1600sqm