8.  REGISTERED CAPITAL

2.8.1 Registered Capital

(a) Registered capital as at 31 December 2006:

  ------------------------- -------------------- -------------------------
  SHARE TYPE                No. of Share         PAR VALUE (Baht)

  Authorized Common         756,939,463          1

  Paid-Up                   756,939,463          1
  ------------------------- -------------------- -------------------------

Capital Increase Exercise

Right Issue: At the Annual General Meeting No.11/2005, shareholders
voted to approve the Company’s proposed capital increase of Baht
151,387,893 by issuing a new common share of 151,387,893 shares at Baht
1 par value and allocated to the existing shareholders at the ratio of 4
old shares for 1 new share. On 12 April 2005, the Company registered an
increase of its paid-up shares with the Ministry of Commerce from Baht
605,551,570 to Baht 756,939,463.

The above capital increase exercise was commenced and completed to
provide fund for the Company’s Gold mine project in Loei province.

(b) The Company listing status: The Stock Exchange of Thailand (SET)
    notified the Company (THL) in November 1997 that the Company was not
    generating sufficient revenue from its core business of tin mining.
    Subsequently, THL’s shares were suspended from trading. The Company
    undertook restructuring and improvement of its business activities
    in accordance with SET directives. In January 2003, a first batch of
    6 gold mining licenses were granted and two months later in March,
    the SET allowed the Company’s shares to resume trading under the
    Rehabilitation Companies (REHABCO) sector.

Nevertheless, on November 14, 2005, the SET posted the “SP” sign and
moved the Company’s share to the Non Performing Group because the
Company was unable to achieve positive operating results within the
predetermined time (the third quarter of 2006) due to slow progress in
obtaining development financing from financial institutions for its gold
mining project in Loei.

2.  Top Ten of Shareholder Group as at 23 March 2007.

  ---------------------------------- ---------------------- -------------
  Shareholders                       No. of shares          %

  1. Sintana Holdings Limited *      87,117,080             11.51

  Paron Resources Inc.*              51,573,484             6.81

  Paron Holdings Limited*            31,053,102             4.10

  Sino Pac Investments (L) Limited*  26,726,614             3.53

  Mr. Ronald Ng Wai Choi             4,517,441              0.60

  Sub - total                        200,987,721            26.55

  2. Thai NVDRs Co., Ltd.            54,360,575             7.18

  3. Raffles Nominees (PTE) Limited  36,100,000             4.77
  A/C 1                                                     

  4. Ministry of Finance             15,000,000             1.98

  5. Mr. Kriang Kiatfuengfoo         12,100,000             1.60

  6. Somers (U.K) Limited            10,381,750             1.37

  7. Ms. Ussanee Kamolsantisuk       9,600,000              1.27

  8. Mr. Pramote Sujjitporn          8,000,000              1.06

  9. Thailand Securities Depository  7,454,260              0.98
  Co., Ltd. for the holders                                 

  10. Mr. Chaiyun Jitpingtham        7,100,000              0.94

  Other shareholders                 395,855,157            52.30

  Total as at 31 December 2006       756,939,463            100

  Total Thai Shareholding            583,791,003            77.13

  Total Foreign Shareholding         173,148,460            22.87

  (* ) Related companies                                    
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2.8.3 Dividend Payment Policy

Dividend policy of the Company is payment at least 25% of net income
after tax of the previous year.