2.11 Related Transaction

  (1) Related Parties Transaction

In the years 2003 and 2002, United Securities Public Company Limited and
its subsidiary had significant transactions with some related parties as
follows:

+-----------+----------+-----------+---+---+------+---------+---+----------------+
| Related   | Rela     | T         | T |   |      |         |   | Remark         |
| Parties   | tionship | ypes/Size | r |   |      |         |   |                |
|           |          | of the    | a |   |      |         |   |                |
|           |          | Tr        | n |   |      |         |   |                |
|           |          | ansaction | s |   |      |         |   |                |
|           |          |           | a |   |      |         |   |                |
|           |          |           | c |   |      |         |   |                |
|           |          |           | t |   |      |         |   |                |
|           |          |           | i |   |      |         |   |                |
|           |          |           | o |   |      |         |   |                |
|           |          |           | n |   |      |         |   |                |
|           |          |           | V |   |      |         |   |                |
|           |          |           | a |   |      |         |   |                |
|           |          |           | l |   |      |         |   |                |
|           |          |           | u |   |      |         |   |                |
|           |          |           | e |   |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
|           |          |           | Y |   |      | Year    |   |                |
|           |          |           | e |   |      | 2002    |   |                |
|           |          |           | a |   |      |         |   |                |
|           |          |           | r |   |      |         |   |                |
|           |          |           | 2 |   |      |         |   |                |
|           |          |           | 0 |   |      |         |   |                |
|           |          |           | 0 |   |      |         |   |                |
|           |          |           | 3 |   |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 1. United | Quality  | Brokerage | 8 |   |      | 500     |   | The said       |
| S         | House    | fee       | 0 |   |      | ,054.39 |   | brokerage fee  |
| ecurities | has a    | income    | 5 |   |      |         |   | is the market  |
| PCL. and  | common   |           | , |   |      |         |   | rate which is  |
| Quality   | Director |           | 5 |   |      |         |   | normally       |
| House     | with     |           | 8 |   |      |         |   | charged to the |
| PCL.      | United   |           | 9 |   |      |         |   | ordinary       |
|           | Advisory |           | . |   |      |         |   | customers.     |
|           | Service, |           | 9 |   |      |         |   |                |
|           | the      |           | 9 |   |      |         |   |                |
|           | Company  |           |   |   |      |         |   |                |
|           | sub      |           |   |   |      |         |   |                |
|           | sidiary, |           |   |   |      |         |   |                |
|           | i.e.,    |           |   |   |      |         |   |                |
|           | Mr. Rath |           |   |   |      |         |   |                |
|           | Pa       |           |   |   |      |         |   |                |
|           | nichphan |           |   |   |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 2. United | Quality  | Und       |   |   | 10   | -       | T |                |
| S         | Cons     | erwriting |   |   | ,150 |         | h |                |
| ecurities | truction | fee       |   |   | ,000 |         | e |                |
| PCL and   | PCL. is  | income    |   |   |      |         | s |                |
| Quality   | the      |           |   |   |      |         | a |                |
| Con       | su       |           |   |   |      |         | i |                |
| struction | bsidiary |           |   |   |      |         | d |                |
| PCL       | company  |           |   |   |      |         | u |                |
|           | of       |           |   |   |      |         | n |                |
|           | Quality  |           |   |   |      |         | d |                |
|           | House    |           |   |   |      |         | e |                |
|           | PCL.     |           |   |   |      |         | r |                |
|           | which    |           |   |   |      |         | w |                |
|           | Mr. Rath |           |   |   |      |         | r |                |
|           | Pa       |           |   |   |      |         | i |                |
|           | nichphan |           |   |   |      |         | t |                |
|           | is the   |           |   |   |      |         | i |                |
|           | Director |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 3. United | Mr.      | Und       |   |   | 750  | -       | T |                |
| S         | Siripong | erwriting |   |   | ,000 |         | h |                |
| ecurities | So       | fee       |   |   |      |         | e |                |
| PCL and   | mbutsiri | income    |   |   |      |         | s |                |
| Asian     | is the   |           |   |   |      |         | a |                |
| Property  | common   |           |   |   |      |         | i |                |
| PCL.      | Director |           |   |   |      |         | d |                |
|           | of the 2 |           |   |   |      |         | u |                |
|           | C        |           |   |   |      |         | n |                |
|           | ompanies |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 4. United | TME      | Brokerage |   |   | 3,39 | 834     | T |                |
| S         | Capital  | fee       |   |   | 4,67 | ,726.87 | h |                |
| ecurities | is one   | income    |   |   | 8.48 |         | e |                |
| PCL.and   | of       |           |   |   |      |         | s |                |
| TME       | Wong     |           |   |   |      |         | a |                |
| Capital   | kusolkit |           |   |   |      |         | i |                |
| Co., Ltd. | group    |           |   |   |      |         | d |                |
|           | c        |           |   |   |      |         | b |                |
|           | ompanies |           |   |   |      |         | r |                |
|           | which is |           |   |   |      |         | o |                |
|           | the      |           |   |   |      |         | k |                |
|           | C        |           |   |   |      |         | e |                |
|           | ompany’s |           |   |   |      |         | r |                |
|           | sha      |           |   |   |      |         | a |                |
|           | reholder |           |   |   |      |         | g |                |
|           | group    |           |   |   |      |         | e |                |
|           | and      |           |   |   |      |         | f |                |
|           | consists |           |   |   |      |         | e |                |
|           | of 2     |           |   |   |      |         | e |                |
|           | D        |           |   |   |      |         | i |                |
|           | irectors |           |   |   |      |         | s |                |
|           | in       |           |   |   |      |         | t |                |
|           | common   |           |   |   |      |         | h |                |
|           | to the   |           |   |   |      |         | e |                |
|           | Company  |           |   |   |      |         | m |                |
|           | , i.e.   |           |   |   |      |         | a |                |
|           | Mr.      |           |   |   |      |         | r |                |
|           | Vitoon   |           |   |   |      |         | k |                |
|           | Wong     |           |   |   |      |         | e |                |
|           | kusolkit |           |   |   |      |         | t |                |
|           | and Mr.  |           |   |   |      |         | r |                |
|           | Chanin   |           |   |   |      |         | a |                |
|           | Vong     |           |   |   |      |         | t |                |
|           | kusolkit |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| Related   | Rela     | T         |   | T |      |         |   | Remark         |
| Parties   | tionship | ypes/Size |   | r |      |         |   |                |
|           |          | of the    |   | a |      |         |   |                |
|           |          | Tr        |   | n |      |         |   |                |
|           |          | ansaction |   | s |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | c |      |         |   |                |
|           |          |           |   | t |      |         |   |                |
|           |          |           |   | i |      |         |   |                |
|           |          |           |   | o |      |         |   |                |
|           |          |           |   | n |      |         |   |                |
|           |          |           |   | V |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | l |      |         |   |                |
|           |          |           |   | u |      |         |   |                |
|           |          |           |   | e |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
|           |          |           |   | Y |      | Year    |   |                |
|           |          |           |   | e |      | 2002    |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | r |      |         |   |                |
|           |          |           |   | 2 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 3 |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 5. United | City     | Brokerage |   | 1 |      | 130     |   | The said       |
| S         | Holding  | fee       |   | , |      | ,414.06 |   | brokerage fee  |
| ecurities | is one   | income    |   | 1 |      |         |   | is the market  |
| PCL. and  | of       |           |   | 1 |      |         |   | rate which is  |
| City      | Wong     |           |   | 8 |      |         |   | normally       |
| Holding   | kusolkit |           |   | , |      |         |   | charged to the |
| Co., Ltd. | group    |           |   | 2 |      |         |   | ordinary       |
|           | c        |           |   | 5 |      |         |   | customers.     |
|           | ompanies |           |   | 3 |      |         |   |                |
|           | which is |           |   | . |      |         |   |                |
|           | the      |           |   | 0 |      |         |   |                |
|           | sha      |           |   | 0 |      |         |   |                |
|           | reholder |           |   |   |      |         |   |                |
|           | group of |           |   |   |      |         |   |                |
|           | the      |           |   |   |      |         |   |                |
|           | Company  |           |   |   |      |         |   |                |
|           | and      |           |   |   |      |         |   |                |
|           | consists |           |   |   |      |         |   |                |
|           | of 3     |           |   |   |      |         |   |                |
|           | D        |           |   |   |      |         |   |                |
|           | irectors |           |   |   |      |         |   |                |
|           | in       |           |   |   |      |         |   |                |
|           | common   |           |   |   |      |         |   |                |
|           | to the   |           |   |   |      |         |   |                |
|           | Company, |           |   |   |      |         |   |                |
|           | i.e.,    |           |   |   |      |         |   |                |
|           | Mr.      |           |   |   |      |         |   |                |
|           | Vitoon , |           |   |   |      |         |   |                |
|           | Mr.      |           |   |   |      |         |   |                |
|           | Chanin   |           |   |   |      |         |   |                |
|           | and Mr.  |           |   |   |      |         |   |                |
|           | Verajet  |           |   |   |      |         |   |                |
|           | Vong     |           |   |   |      |         |   |                |
|           | kusolkit |           |   |   |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 6. United | Banpu    | -Und      |   | 5 |      | -       |   | The said fees  |
| S         | PCL. is  | erwriting |   | 2 |      |         |   | are the market |
| ecurities | the      | fee       |   | 5 |      | 345     |   | rates which    |
| PCL.and   | company  | income    |   | , |      | ,000.06 |   | are normally   |
| Banpu     | which    |           |   | 0 |      |         |   | charged to the |
| PCL.      | the      | -         |   | 0 |      | -       |   | ordinary       |
|           | C        | Brokerage |   | 0 |      |         |   | customers.     |
|           | ompany’s | fee       |   |   |      | -       |   |                |
|           | sha      | income    |   | 3 |      |         |   |                |
|           | reholder |           |   | , |      | -       |   |                |
|           | holds    | -Interest |   | 0 |      |         |   |                |
|           | the      | income on |   | 8 |      |         |   |                |
|           | shares   | bond      |   | 8 |      |         |   |                |
|           | and      |           |   | , |      |         |   |                |
|           | which    | -Interest |   | 3 |      |         |   |                |
|           | has 2    | r         |   | 7 |      |         |   |                |
|           | D        | eceivable |   | 4 |      |         |   |                |
|           | irectors | on bond   |   | . |      |         |   |                |
|           | in       |           |   | 1 |      |         |   |                |
|           | common,  | -I        |   | 2 |      |         |   |                |
|           | i.e. Mr. | nvestment |   |   |      |         |   |                |
|           | Vitoon   | in debt   |   | 6 |      |         |   |                |
|           | and Mr.  | s         |   | 6 |      |         |   |                |
|           | Chanin   | ecurities |   | 2 |      |         |   |                |
|           | Vong     |           |   | , |      |         |   |                |
|           | kusolkit |           |   | 0 |      |         |   |                |
|           |          |           |   | 4 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   |   |      |         |   |                |
|           |          |           |   | 6 |      |         |   |                |
|           |          |           |   | 6 |      |         |   |                |
|           |          |           |   | 2 |      |         |   |                |
|           |          |           |   | , |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 4 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   |   |      |         |   |                |
|           |          |           |   | 5 |      |         |   |                |
|           |          |           |   | 7 |      |         |   |                |
|           |          |           |   | , |      |         |   |                |
|           |          |           |   | 7 |      |         |   |                |
|           |          |           |   | 5 |      |         |   |                |
|           |          |           |   | 2 |      |         |   |                |
|           |          |           |   | , |      |         |   |                |
|           |          |           |   | 6 |      |         |   |                |
|           |          |           |   | 5 |      |         |   |                |
|           |          |           |   | 8 |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 7. United | The      | Brokerage |   | 3 |      | 131     |   | The said       |
| S         | C        | fee       |   | 1 |      | ,068.07 |   | brokerage fee  |
| ecurities | ompany’s | income    |   | , |      |         |   | is the market  |
| PCL.and   | Director |           |   | 6 |      |         |   | rate which is  |
| Mr.       |          |           |   | 0 |      |         |   | normally       |
| Vitoon    |          |           |   | 0 |      |         |   | charged to the |
| Won       |          |           |   |   |      |         |   | ordinary       |
| gkusolkit |          |           |   |   |      |         |   | customers.     |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 8. United | The      | Brokerage |   |   | 8,05 | -       | T |                |
| S         | C        | fee       |   |   | 5.63 |         | h |                |
| ecurities | ompany’s | income    |   |   |      |         | e |                |
| PCL. and  | Director |           |   |   |      |         | s |                |
| Mr.Chanin |          |           |   |   |      |         | a |                |
| Von       |          |           |   |   |      |         | i |                |
| gkusolkit |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 9. United | The      | Brokerage |   |   | 8    | 9       | T |                |
| S         | C        | fee       |   |   | 7,81 | ,386.98 | h |                |
| ecurities | ompany’s | income    |   |   | 9.94 |         | e |                |
| PCL. and  | Director |           |   |   |      |         | s |                |
| Mr. Kanit |          |           |   |   |      |         | a |                |
| Sarasin.  |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 10.       | The      | Brokerage |   |   | 69   | 166     | T |                |
| United    | C        | fee       |   |   | 9,02 | ,919.54 | h |                |
| S         | ompany’s | income    |   |   | 7.86 |         | e |                |
| ecurities | Director |           |   |   |      |         | s |                |
| PCL. and  |          |           |   |   |      |         | a |                |
| M         |          |           |   |   |      |         | i |                |
| r.Verajet |          |           |   |   |      |         | d |                |
| Vong      |          |           |   |   |      |         | b |                |
| kusolkit. |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
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|           |          |           |   |   |      |         | t |                |
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|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
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|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 11.       | The      | Brokerage |   |   | 96   | 579.15  | T |                |
| United    | C        | fee       |   |   | 6.26 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | Director |           |   |   |      |         | s |                |
| PCL. and  | and      |           |   |   |      |         | a |                |
|           | E        |           |   |   |      |         | i |                |
| Miss      | xecutive |           |   |   |      |         | d |                |
| Tippranee |          |           |   |   |      |         | b |                |
| C         |          |           |   |   |      |         | r |                |
| hatmanop. |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
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|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| Related   | Rela     | T         |   | T |      |         |   | Remark         |
| Parties   | tionship | ypes/Size |   | r |      |         |   |                |
|           |          | of the    |   | a |      |         |   |                |
|           |          | Tr        |   | n |      |         |   |                |
|           |          | ansaction |   | s |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | c |      |         |   |                |
|           |          |           |   | t |      |         |   |                |
|           |          |           |   | i |      |         |   |                |
|           |          |           |   | o |      |         |   |                |
|           |          |           |   | n |      |         |   |                |
|           |          |           |   | V |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | l |      |         |   |                |
|           |          |           |   | u |      |         |   |                |
|           |          |           |   | e |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
|           |          |           |   | Y |      | Year    |   |                |
|           |          |           |   | e |      | 2002    |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | r |      |         |   |                |
|           |          |           |   | 2 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 3 |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 12.       | The      | Brokerage |   |   | 69   | 401.75  | T |                |
| United    | C        | fee       |   |   | 3.88 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
| PCL. and  | xecutive |           |   |   |      |         | a |                |
| Mr.       |          |           |   |   |      |         | i |                |
| Porntep   |          |           |   |   |      |         | d |                |
| Thavornv  |          |           |   |   |      |         | b |                |
| isuthikul |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
|   13.     | The      | Brokerage |   |   | 53   | 350.00  | T |                |
|   United  | C        | fee       |   |   | 6.25 |         | h |                |
|   S       | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
|   PCL.    | xecutive |           |   |   |      |         | a |                |
|   and Mr. |          |           |   |   |      |         | i |                |
|   Sith    |          |           |   |   |      |         | d |                |
|   Set     |          |           |   |   |      |         | b |                |
| haverawat |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 14.       | The      | Brokerage |   |   | 46   | -       | T |                |
| United    | C        | fee       |   |   | 1.25 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
| PCL. and  | xecutive |           |   |   |      |         | a |                |
| Mrs.      |          |           |   |   |      |         | i |                |
| Kanlaya   |          |           |   |   |      |         | d |                |
| Chusa     |          |           |   |   |      |         | b |                |
| ttayanond |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 15.       | The      | Brokerage |   |   | 5,29 | -       | T |                |
| United    | Su       | fee       |   |   | 8.32 |         | h |                |
| S         | bsidiary | income    |   |   |      |         | e |                |
| ecurities | C        |           |   |   |      |         | s |                |
| PCL. and  | ompany’s |           |   |   |      |         | a |                |
| Mrs.      | E        |           |   |   |      |         | i |                |
| Somporn   | xecutive |           |   |   |      |         | d |                |
| Rathee    |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 16.       | The      | Brokerage |   |   | 1    | -       | T |                |
| United    | Su       | fee       |   |   | 4,56 |         | h |                |
| S         | bsidiary | income    |   |   | 4.71 |         | e |                |
| ecurities | C        |           |   |   |      |         | s |                |
| PCL. and  | ompany’s |           |   |   |      |         | a |                |
| Mr. Rath  | Director |           |   |   |      |         | i |                |
| P         |          |           |   |   |      |         | d |                |
| anichphan |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 17.       | The      | Brokerage |   |   | 42   | -       | T |                |
| United    | C        | fee       |   |   | 2.50 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
| PCL. and  | xecutive |           |   |   |      |         | a |                |
| Mr. Suvit |          |           |   |   |      |         | i |                |
| Ratt      |          |           |   |   |      |         | d |                |
| anayanond |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 18.       | The      | Brokerage |   |   | 46   | -       | T |                |
| United    | C        | fee       |   |   | 1.25 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
| PCL. and  | xecutive |           |   |   |      |         | a |                |
| Mr.       |          |           |   |   |      |         | i |                |
| Prasit    |          |           |   |   |      |         | d |                |
| Srisuwan  |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 19.       | The      | Brokerage |   |   | 1,72 | -       | T |                |
| United    | Su       | fee       |   |   | 4.50 |         | h |                |
| S         | bsidiary | income    |   |   |      |         | e |                |
| ecurities | C        |           |   |   |      |         | s |                |
| PCL. and  | ompany’s |           |   |   |      |         | a |                |
| Mr.       | Director |           |   |   |      |         | i |                |
| Prasong   | and      |           |   |   |      |         | d |                |
| Prap      | E        |           |   |   |      |         | b |                |
| asarathit | xecutive |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 20.       | The      | Brokerage |   |   | 57   | 288.03  | T |                |
| United    | C        | fee       |   |   | 9.58 |         | h |                |
| S         | ompany’s | income    |   |   |      |         | e |                |
| ecurities | E        |           |   |   |      |         | s |                |
| PCL. and  | xecutive |           |   |   |      |         | a |                |
| Mrs.      |          |           |   |   |      |         | i |                |
| Supaneya  |          |           |   |   |      |         | d |                |
| Luk       |          |           |   |   |      |         | b |                |
| sameeseth |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 21.       | The      | Brokerage |   |   | 3,17 | -       | T |                |
| United    | Su       | fee       |   |   | 0.75 |         | h |                |
| S         | bsidiary | income    |   |   |      |         | e |                |
| ecurities | C        |           |   |   |      |         | s |                |
| PCL. and  | ompany’s |           |   |   |      |         | a |                |
| Mrs.      | Director |           |   |   |      |         | i |                |
| Sasithorn | and      |           |   |   |      |         | d |                |
| Pongstorn | E        |           |   |   |      |         | b |                |
|           | xecutive |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 22.       | The      | Brokerage |   |   | 3,43 | 492     | T |                |
| United    | C        | fee       |   |   | 7,79 | ,651.98 | h |                |
| S         | ompany’s | income    |   |   | 5.63 |         | e |                |
| ecurities | major    |           |   |   |      |         | s |                |
| PCL. and  | sha      |           |   |   |      |         | a |                |
| Town      | reholder |           |   |   |      |         | i |                |
| Holding   |          |           |   |   |      |         | d |                |
| Co., Ltd. |          |           |   |   |      |         | b |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 23.       | Common   | Brokerage |   |   | 4    | 88      | T |                |
| United    | D        | fee       |   |   | 5,83 | ,295.26 | h |                |
| S         | irector, | income    |   |   | 8.57 |         | e |                |
| ecurities | i.e.,    |           |   |   |      |         | s |                |
| PCL. and  | Mr.      |           |   |   |      |         | a |                |
| MP        | Verajet  |           |   |   |      |         | i |                |
| Particle  | Vong     |           |   |   |      |         | d |                |
| Board     | kusolkit |           |   |   |      |         | b |                |
| Co., Ltd. |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| Related   | Rela     | T         |   | T |      |         |   | Remark         |
| Parties   | tionship | ypes/Size |   | r |      |         |   |                |
|           |          | of the    |   | a |      |         |   |                |
|           |          | Tr        |   | n |      |         |   |                |
|           |          | ansaction |   | s |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | c |      |         |   |                |
|           |          |           |   | t |      |         |   |                |
|           |          |           |   | i |      |         |   |                |
|           |          |           |   | o |      |         |   |                |
|           |          |           |   | n |      |         |   |                |
|           |          |           |   | V |      |         |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | l |      |         |   |                |
|           |          |           |   | u |      |         |   |                |
|           |          |           |   | e |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
|           |          |           |   | Y |      | Year    |   |                |
|           |          |           |   | e |      | 2002    |   |                |
|           |          |           |   | a |      |         |   |                |
|           |          |           |   | r |      |         |   |                |
|           |          |           |   | 2 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 0 |      |         |   |                |
|           |          |           |   | 3 |      |         |   |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 24.       | Common   | Brokerage |   |   | 83   | 288     | T |                |
| United    | Di       | fee       |   |   | 2,60 | ,956.40 | h |                |
| S         | rectors, | income    |   |   | 6.34 |         | e |                |
| ecurities | i.e.,    |           |   |   |      |         | s |                |
| PCL. and  | Mr.      |           |   |   |      |         | a |                |
| Ufinvest  | Vitoon   |           |   |   |      |         | i |                |
| Co., Ltd. | Wong     |           |   |   |      |         | d |                |
|           | kusolkit |           |   |   |      |         | b |                |
|           | and Mr.  |           |   |   |      |         | r |                |
|           | Kulvat   |           |   |   |      |         | o |                |
|           | Janv     |           |   |   |      |         | k |                |
|           | atanavit |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 25.       | Common   | Brokerage |   |   | 28   | 38      | T |                |
| United    | Di       | fee       |   |   | 9,56 | ,850.00 | h |                |
| S         | rectors, | income    |   |   | 2.50 |         | e |                |
| ecurities | i.e. Mr. |           |   |   |      |         | s |                |
| PCL. and  | Vitoon   |           |   |   |      |         | a |                |
| Mitrphol  | and Mr.  |           |   |   |      |         | i |                |
| Sugar     | Chanin   |           |   |   |      |         | d |                |
| Corp.,    | Vong     |           |   |   |      |         | b |                |
| Ltd.      | kusolkit |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 26.       | The      | Brokerage |   |   | 6    | 452     | T |                |
| United    | minor    | fee       |   |   | 4,71 | ,230.47 | h |                |
| S         | shar     | income    |   |   | 6.07 |         | e |                |
| ecurities | eholders |           |   |   |      |         | s |                |
| PCL. and  | are the  |           |   |   |      |         | a |                |
| its minor | shar     |           |   |   |      |         | i |                |
| sha       | eholders |           |   |   |      |         | d |                |
| reholders | holding  |           |   |   |      |         | b |                |
|           | less     |           |   |   |      |         | r |                |
|           | than 10% |           |   |   |      |         | o |                |
|           | of the   |           |   |   |      |         | k |                |
|           | C        |           |   |   |      |         | e |                |
|           | ompany’s |           |   |   |      |         | r |                |
|           | shares   |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | f |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 27.       | Quality  | Financial |   |   | 11   | 3,      | T |                |
| United    | Cons     | Advisory  |   |   | ,000 | 000,000 | h |                |
| Advisory  | truction | fee       |   |   | ,000 |         | e |                |
| Services  | PCL. is  | income    |   |   |      |         | s |                |
| Co.,Ltd.  | Quality  |           |   |   |      |         | a |                |
| and       | House    |           |   |   |      |         | i |                |
| Quality   | PCL.’s   |           |   |   |      |         | d |                |
| Con       | su       |           |   |   |      |         | f |                |
| struction | bsidiary |           |   |   |      |         | e |                |
| PCL.      | and has  |           |   |   |      |         | e |                |
|           | Mr. Rath |           |   |   |      |         | i |                |
|           | Pa       |           |   |   |      |         | s |                |
|           | nichphan |           |   |   |      |         | t |                |
|           | as       |           |   |   |      |         | h |                |
|           | common   |           |   |   |      |         | e |                |
|           | Director |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 28.       | Asian    | Financial |   |   | 3    | 1,      | T |                |
| United    | Property | Advisory  |   |   | ,450 | 000,000 | h |                |
| Advisory  | PCL. has | fee       |   |   | ,000 |         | e |                |
| Service   | common   | income    |   |   |      |         | s |                |
| Co.,Ltd.  | D        |           |   |   |      |         | a |                |
| and Asian | irector, |           |   |   |      |         | i |                |
| Property  | i.e.,    |           |   |   |      |         | d |                |
| PCL.      | Mr..     |           |   |   |      |         | f |                |
|           | Siripong |           |   |   |      |         | e |                |
|           | So       |           |   |   |      |         | e |                |
|           | mbatsiri |           |   |   |      |         | i |                |
|           | as Audit |           |   |   |      |         | s |                |
|           | C        |           |   |   |      |         | t |                |
|           | ommittee |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 29.       | Common   | Financial |   |   | 1    | 8,      | T |                |
| United    | D        | Advisory  |   |   | ,666 | 170,000 | h |                |
| Advisory  | irector, | fee       |   |   | ,355 |         | e |                |
| Service   | i.e.,    | income    |   |   |      |         | s |                |
| Co.,Ltd.  | Mr. Rath |           |   |   |      |         | a |                |
| and       | Pa       |           |   |   |      |         | i |                |
| Quality   | nichphan |           |   |   |      |         | d |                |
| House     |          |           |   |   |      |         | f |                |
| PCL.      |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | . |                |
+-----------+----------+-----------+---+---+------+---------+---+----------------+
| 30.       | Home Pro | Financial |   |   | 500  | 1,      | T |                |
| United    | is the   | Advisory  |   |   | ,000 | 100,000 | h |                |
| Advisory  | company  | fee       |   |   |      |         | e |                |
| Service   | which QH | income    |   |   |      |         | s |                |
| Co.,Ltd.  | holds    |           |   |   |      |         | a |                |
| and Home  | more     |           |   |   |      |         | i |                |
| Product   | than 20% |           |   |   |      |         | d |                |
| Center    | of its   |           |   |   |      |         | f |                |
| PCL.      | share    |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | k |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | w |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | l |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | g |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | h |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | d |                |
|           |          |           |   |   |      |         | i |                |
|           |          |           |   |   |      |         | n |                |
|           |          |           |   |   |      |         | a |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | y |                |
|           |          |           |   |   |      |         | c |                |
|           |          |           |   |   |      |         | u |                |
|           |          |           |   |   |      |         | s |                |
|           |          |           |   |   |      |         | t |                |
|           |          |           |   |   |      |         | o |                |
|           |          |           |   |   |      |         | m |                |
|           |          |           |   |   |      |         | e |                |
|           |          |           |   |   |      |         | r |                |
|           |          |           |   |   |      |         | s |                |
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+-----------+----------+-----------+---+---+------+---------+---+----------------+
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+-----------+----------+-----------+---+---+------+---------+---+----------------+

(2) Necessity and the Justification of the Related Transactions.

The abovementioned related transactions are somewhat necessary and
justified to serve the highest benefit of the company and in which the
Independent Directors believes to be the characteristics of normal
business that the company has received or paid in fair market price and
thus proves the justification of the transactions.

(3) Methods/Process of the Approval for Related Transactions.

The related transactions which existed in the year 2003 and tends to
carry on in the future are brokerage fee from securities trading,
Underwriting fee, financial Advisory fee as well as other services fee.

Those related transactions were engaged by a pre-approval from the Board
of Executive Directors, Audit Committee and the Board of Directors. And
during the Audit Committee’s Meeting No.2/2003 held on 17 February,
2003, the Independent Directors or the Audit Committee had considered
those continual related transactions engaged in the past or at present
to be the transactions of normal business characteristics in which the
company has received or made payment on a justified market price.

(4) Policy on Future Related Transactions.

It is evident that the existing related transactions will continue in
the future. Those related transactions would be done under certain
conditions so that they proceed on the normal procedure and at normal
market price similarly to the ordinary customers. In order to do so, the
Independent Directors or the Audit Committee or the company’s Internal
Auditor or any other independent specialist will be assigned to examine
and analyze or comments on the justification of the price and the
transactions.

The company’s future related transactions will be decided upon the Board
of Executive Directors’ judgment with a pre-approval from the Board of
Directors. Each member of the Board, however, should not decide on any
related transactions either in relation to the company or to the
company’s subsidiary, which have some personal conflict of interest. And
they should in turn declare such transactions (if any) to the Audit
Committee and to the Board of Directors for considerations. The Audit
Committee and the Board of Directors then have the duty to consider such
related transactions according to the Securities and Exchange laws and
SET Rules and regulations including the regulations concerning the
disclosure of connected transaction and the acquirement or the selling
of significant assets of the company or the company’s subsidiary.

In conclusion, if there are any transactions related to the company or
its subsidiary which may contribute to some conflict of interest in the
future, the Independent Directors or the Audit Committee will be
assigned to comment on the pricing, the remuneration as well as the
necessity or the justification of the transactions. Some transactions,
however, may need a specialist to assist in the evaluation process. In
that case, an independent specialist or the company’s auditor will be
assigned to do the comments instead in order to supply the information
to enhance the Board of Directors’ decision or in some cases the
shareholders’ decision. And the related transaction will appear in the
company’s audited Financial Statement notes.

  17 February 2003

Subject : Opinion on Related Transactions

TO : Shareholders

United Securities Public Company Limited

We, Mr.Vichien Wattanakun, Mr.Vorapol Socatiyanurak and Mr. Chongrak
Sripunporn, the company’s Independent Directors, are hereby given our
comments and opinion concerning the related transactions (details
attached) as follows:

1.  The brokerage fee income earned from the company’s major
    shareholder, related companies (having shareholders and/or Directors
    in common), Directors and management for the year 2003 for the total
    value of 13.93 million Baht were charged on the normal commission
    rate as was charged to ordinary customers.

2.  The advisory fee income totaled 28.04 million Baht was earned from
    the financial advisory fee of 16.62 million Baht and the
    underwriting fee from the related subsidiary companies which have
    Directors in common of 11.42 million Baht and of which were charged
    at the market rate and at the same rate charged to the ordinary
    customers.

3.  Interest received and Accrued Interest Receivables of 662,040 Baht
    from the investment in Banpu PCL’s Bond, the company that US’s major
    shareholder holds the shares and that has Directors in common, for
    the amount of 57,752,658 Baht which was the remaining amount left
    over from Underwriting and the interest received was the same rate
    charged to the ordinary customers.

4.  Rental and Service Expenses of 198,000 Baht was the rental of the
    company’s subsidiary’s Company which was the assets rental expense
    (vehicle) by which the rental rate is the market rate which is
    normally charged to the ordinary customers.

The abovementioned related transactions were deemed reasonable and fair
and they were arisen from the normal business operations of the company

  Please be informed accordingly.

  Best regards,

  ------------------- ------------------------------ ---------------------
  …………………………….        ………………………………………..              ……………………………..

  Mr.Vichien          Mr.Vorapol Socatiyanurak       Mr. Chongrak
  Wattanakun                                         Sripunporn

  Independent         Independent Director           Independent Director
  Director                                           
  ------------------- ------------------------------ ---------------------