8. Capital Structure

1.  Securities

At October 31, 2005, The company’s registered capital consisted of
1,600.0 million shares at a par value of THB 1.00, or a total of THB
1,600.0 million and the company’s registered paid-up capital was at THB
1,550.0 million (1,550 million shares, at a par value of THB 1.00)

2.  Shareholders

Top 10 major shareholders of the company as of October 31, 2005 are as
followings:

+--------+----------------------------------+--------------+----------+
| Rank   | Name                             | No. of       | % of     |
|        |                                  | Shares       | Total    |
|        |                                  |              | Shares   |
+--------+----------------------------------+--------------+----------+
| 1      | KSL Sugar Holding Company        | 500,000,000  | 32.26    |
|        | Limited                          |              |          |
| 2      |                                  | 50,700,000   | 3.27     |
|        | Deutsche Bank AG Singapore - PWM |              |          |
| 3      |                                  | 41,794,190   | 2.70     |
|        | Mr.Chanachai Chutimavoraphand    |              |          |
| 4      |                                  | 41,461,400   | 2.67     |
|        | Mr.Somchai Chinthammit           |              |          |
| 5      |                                  | 34,612,290   | 2.23     |
|        | Ms.Duangdao Chinthammit          |              |          |
| 6      |                                  | 34,299,060   | 2.21     |
|        | Ms.Duangkae Chinthammit          |              |          |
| 7      |                                  | 32,900,000   | 2.12     |
|        | Credit Suisse Singapore Trust    |              |          |
| 8      | Account Clients                  | 31,070,400   | 2.00     |
|        |                                  |              |          |
| 9      | Mr.Piripon Chinthammit           | 29,910,000   | 1.93     |
|        |                                  |              |          |
| 10     | Chinnakij Company Limited        | 28,153,200   | 1.82     |
|        |                                  |              |          |
|        | Mr.Kamondanai Chinthammit        | 824,900,540  | 53.22    |
|        |                                  |              |          |
|        | Total for Top ten major          |              |          |
|        | shareholders                     |              |          |
+--------+----------------------------------+--------------+----------+
| 11     | Others                           | 725,099,460  | 46.78    |
+--------+----------------------------------+--------------+----------+
|        | Total paid-up registered capital | 1            | 100.00   |
|        |                                  | ,550,000,000 |          |
+--------+----------------------------------+--------------+----------+

The registered capital and paid up capital of KSL SUGAR HOLDING COMPANY
LIMITED consists of 50 million shares at par value of THB 10.00 per
share or THB 500 million.

As of October 31, 2005, top ten major shareholders in company’s
shareholder record are as followings:

+---------+---------------------------------+----------------+---------+
| Rank    | Name                            | Number of      | %       |
|         |                                 | Share          |         |
+---------+---------------------------------+----------------+---------+
| 1       | Ms.Nantha Chinthammit           | 14,199,481     | 28.40   |
|         |                                 |                |         |
| 2       | Ms.Nareerat Chinthammit         | 4,277,699      | 8.56    |
|         |                                 |                |         |
| 3       | Mr.Chanachai Chutimavoraphand   | 2,610,959      | 5.22    |
|         |                                 |                |         |
| 4       | Mr.Somchai Chinthammit          | 2,584,945      | 5.17    |
|         |                                 |                |         |
| 5       | Ms.Duangdao Chinthammit         | 2,149,037      | 4.30    |
|         |                                 |                |         |
| 6       | Ms.Duangkae Chinthammit         | 2,107,390      | 4.21    |
|         |                                 |                |         |
| 7       | Mr.Piripon Chinthammit          | 1,453,000      | 2.91    |
|         |                                 |                |         |
| 9       | Mr.Kamondanai Chinthammit       | 1,453,000      | 2.91    |
|         |                                 |                |         |
| 10      | Mr.Sarun Chinthammit            | 1,248,479      | 2.50    |
|         |                                 |                |         |
|         | Ms.Yaovaluck Chutmavoraphand    | 1,000,000      | 2.00    |
|         |                                 |                |         |
|         | Ms.Yaovanuth Chutimavoraphand   | 1,000,000      | 2.00    |
|         |                                 |                |         |
|         | Total for Top 10 Major          | 34,083,990     | 68.17   |
|         | Shareholders                    |                |         |
+---------+---------------------------------+----------------+---------+
| 11      | Others                          | 15,916,010     | 31.83   |
+---------+---------------------------------+----------------+---------+
|         | Total Registered Paid Up        | 50,000,000     | 100.00  |
|         | Capital                         |                |         |
+---------+---------------------------------+----------------+---------+

3.  Dividend Payment Policy

The Company pays dividends at a rate of not less than 50 percent of its
net income after tax and legal reserves if there is no necessity for the
use of the money, and if the dividend payment does not have an adverse
effect on corporate operations significantly. Factors that are
considered include corporate operation results, financial position,
liquidity, and business expansion plans. The dividend payment requires
approval from corporate shareholders and/or the Board of Directors.
Dividend payment of the subsidiaries and associates to Khon Kaen Sugar
Industry Public Company depends on their cash flow, liquidity,
suitability, and necessity for the use of the money. No minimum rate is
specified.