11. Inter-Transaction between the Related Companies

The Company and its subsidiary companies hold accounting transaction
items with the related companies by the same shareholders’ group and
mutual directors. Significant inter-transactions and remaining balances
between the Company and its subsidiaries with related entities and
persons could be summarized as follows:-

  11.1 Inter-Assets and Liabilities

  (Unit : Baht)

+-----------------------------+------+------+------+---+------+------+
| Type of Transaction/Company | Rela | Cons |      |   | The  |      |
| Name                        | tion | olid |      |   | Com  |      |
|                             | ship | ated |      |   | pany |      |
|                             |      |      |      |   | Only |      |
+-----------------------------+------+------+------+---+------+------+
|                             |      | As   |      |   | As   |      |
|                             |      | at   |      |   | at   |      |
|                             |      | Oct  |      |   | Oct  |      |
|                             |      | ober |      |   | ober |      |
|                             |      | 31,  |      |   | 31,  |      |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      | 2004 |   |      | 2004 |
|                             |      | 2005 |      |   | 2005 |      |
+-----------------------------+------+------+------+---+------+------+
|   - Trade Accounts and      |      |      |      |   |      |      |
|   Notes Receivable          |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Tamaka Sugar Industry     |   Su |   -  |   -  |   |   -  |      |
|   Co., Ltd.                 | bsid |      |      |   |      | 4,22 |
|                             | iary |      |      |   |      | 2,24 |
|                             |      |      |      |   |      | 2.39 |
+-----------------------------+------+------+------+---+------+------+
|   New Krung Thai Sugar      |   Su |   -  |   -  |   |   -  |      |
|   Industry Co., Ltd.        | bsid |      |      |   |      | 3,09 |
|                             | iary |      |      |   |      | 1,22 |
|                             |      |      |      |   |      | 2.78 |
+-----------------------------+------+------+------+---+------+------+
|   New Kwang Soon Lee Sugar  |   Su |   -  |   -  |   |   1  |   64 |
|   Industry Co.,Ltd.         | bsid |      |      |   | 3,21 | 1,82 |
|                             | iary |      |      |   | 8.41 | 3.96 |
+-----------------------------+------+------+------+---+------+------+
|   Prachaup Industry         |      |   86 |      |   |   -  |   -  |
|   Co.,Ltd.                  |  Rel | 3,45 | 1,23 |   |      |      |
|                             | ated | 8.05 | 2,48 |   |      |      |
|                             |      |      | 8.94 |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Thai Fermentation         |      |   33 |   16 |   |   -  |   -  |
|   Industry Co., Ltd.        |  Rel | 0,60 | 2,05 |   |      |      |
|                             | ated | 3.00 | 1.50 |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Other Related Companies   |      |   11 |      |   |   -  |   -  |
|                             |      | 5,34 | 1,15 |   |      |      |
|                             |      | 0.16 | 6,07 |   |      |      |
|                             |      |      | 6.35 |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |      |      |   |   1  |      |
|                             |      | 1,30 | 2,55 |   | 3,21 | 7,95 |
|                             |      | 9,40 | 0,61 |   | 8.41 | 5,28 |
|                             |      | 1.21 | 6.79 |   |      | 9.13 |
+-----------------------------+------+------+------+---+------+------+

  (Unit : Baht)

+-----------------------------+------+------+------+---+------+------+
| Type of Transaction/Company | Rela | Cons |      |   | The  |      |
| Name                        | tion | olid |      |   | Com  |      |
|                             | ship | ated |      |   | pany |      |
|                             |      |      |      |   | Only |      |
+-----------------------------+------+------+------+---+------+------+
|                             |      | As   |      |   | As   |      |
|                             |      | at   |      |   | at   |      |
|                             |      | Oct  |      |   | Oct  |      |
|                             |      | ober |      |   | ober |      |
|                             |      | 31,  |      |   | 31,  |      |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      | 2004 |   |      | 2004 |
|                             |      | 2005 |      |   | 2005 |      |
+-----------------------------+------+------+------+---+------+------+
|   - Cash Allowance for      |      |      |      |   |      |      |
|   Sugar Exporter and Export |      |      |      |   |      |      |
|   Guarantee                 |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   K.S.L. Export Trading     |   Su |   -  |   -  |   |      |      |
|   Co., Ltd.                 | bsid |      |      |   | 1,05 | 4,74 |
|                             | iary |      |      |   | 8,61 | 1,34 |
|                             |      |      |      |   | 3.85 | 0.98 |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |   -  |   -  |   |      |      |
|                             |      |      |      |   | 1,05 | 4,74 |
|                             |      |      |      |   | 8,61 | 1,34 |
|                             |      |      |      |   | 3.85 | 0.98 |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   - Other Account Payable   |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Khon Kaen Alcohol Co.,    |   Su |   -  |   -  |   |   86 |   -  |
|   Ltd.                      | bsid |      |      |   | 0,56 |      |
|                             | iary |      |      |   | 1.74 |      |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |   -  |   -  |   |   86 |   -  |
|                             |      |      |      |   | 0,56 |      |
|                             |      |      |      |   | 1.74 |      |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   - Sale of Land            |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Khon Kaen Alcohol Co.,    |   Su |   -  |   -  |   |   -  |      |
|   Ltd.                      | bsid |      |      |   |      | 5,76 |
|                             | iary |      |      |   |      | 2,24 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |   -  |   -  |   |   -  |      |
|                             |      |      |      |   |      | 5,76 |
|                             |      |      |      |   |      | 2,24 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
| - Advance Received from     |      |      |      |   |      |      |
| Customers for Goods         |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Thai Fermentation         |      |   1  |      |   |   1  |      |
|   Industry Co., Ltd.        |  Rel | 1,48 | 4,71 |   | 1,45 | 4,41 |
|                             | ated | 2,05 | 7,63 |   | 4,89 | 7,78 |
|                             |      | 2.65 | 3.99 |   | 2.65 | 6.49 |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |   1  |      |   |   1  |      |
|                             |      | 1,48 | 4,71 |   | 1,45 | 4,41 |
|                             |      | 2,05 | 7,63 |   | 4,89 | 7,78 |
|                             |      | 2.65 | 3.99 |   | 2.65 | 6.49 |
+-----------------------------+------+------+------+---+------+------+
|   - Trade Accounts and      |      |      |      |   |      |      |
|   Notes Payable             |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Tamaka Sugar Industry     |   Su |   -  |   -  |   |   1  |   3  |
|   Co., Ltd.                 | bsid |      |      |   | 3,16 | 8,26 |
|                             | iary |      |      |   | 2,96 | 6,51 |
|                             |      |      |      |   | 9.97 | 6.97 |
+-----------------------------+------+------+------+---+------+------+
|   New Krung Thai Sugar      |   Su |   -  |   -  |   |   -  |      |
|   Industry Co., Ltd.        | bsid |      |      |   |      | 2,91 |
|                             | iary |      |      |   |      | 7,63 |
|                             |      |      |      |   |      | 3.32 |
+-----------------------------+------+------+------+---+------+------+
|   New Kwang Soon Lee Sugar  |   Su |   -  |   -  |   |   -  |      |
|   Industry Co., Ltd.        | bsid |      |      |   |      | 8,76 |
|                             | iary |      |      |   |      | 5,52 |
|                             |      |      |      |   |      | 8.66 |
+-----------------------------+------+------+------+---+------+------+
|   Thai Sugar Terminal       |   Su |   -  |   -  |   |   6  |   -  |
|   Public Company Limited    | bsid |      |      |   | 2,47 |      |
|                             | iary |      |      |   | 0.06 |      |
+-----------------------------+------+------+------+---+------+------+
|   Total                     |      |   -  |   -  |   |   1  |   4  |
|                             |      |      |      |   | 3,22 | 9,94 |
|                             |      |      |      |   | 5,44 | 9,67 |
|                             |      |      |      |   | 0.03 | 8.95 |
+-----------------------------+------+------+------+---+------+------+
|                             |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   - Short-Term Loans due    |      |      |      |   |      |      |
|   from                      |      |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Tamaka Sugar Industry     |   Su |      |      |   |      |      |
|   Co., Ltd.                 | bsid |      |      |   |      |      |
|                             | iary |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Beginning balance         |      |   -  |   -  |   |   -  |   -  |
+-----------------------------+------+------+------+---+------+------+
|   Increase in the period    |      |   -  |   -  |   |   -  |   5  |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|   Decrease in the period    |      |   -  |   -  |   |   -  |      |
|                             |      |      |      |   |      |  (50 |
|                             |      |      |      |   |      | ,000 |
|                             |      |      |      |   |      | ,000 |
|                             |      |      |      |   |      | .00) |
+-----------------------------+------+------+------+---+------+------+
|   Ending balance            |      |   -  |   -  |   |   -  |   -  |
+-----------------------------+------+------+------+---+------+------+
|   New Kwang Soon Lee Sugar  |   Su |      |      |   |      |      |
|   Industry Co., Ltd.        | bsid |      |      |   |      |      |
|                             | iary |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Beginning balance         |      |   -  |   -  |   |   2  |   -  |
|                             |      |      |      |   | 0,00 |      |
|                             |      |      |      |   | 0,00 |      |
|                             |      |      |      |   | 0.00 |      |
+-----------------------------+------+------+------+---+------+------+
|   Increase in the period    |      |   -  |   -  |   |   -  |   2  |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|   Decrease in the period    |      |   -  |   -  |   |      |   -  |
|                             |      |      |      |   |  (20 |      |
|                             |      |      |      |   | ,000 |      |
|                             |      |      |      |   | ,000 |      |
|                             |      |      |      |   | .00) |      |
+-----------------------------+------+------+------+---+------+------+
|   Ending balance            |      |   -  |   -  |   |   -  |   2  |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|   K.S.L. Real Estate Co.,   |   Su |      |      |   |      |      |
|   Ltd.                      | bsid |      |      |   |      |      |
|                             | iary |      |      |   |      |      |
+-----------------------------+------+------+------+---+------+------+
|   Beginning balance         |      |   -  |   -  |   |      |   -  |
|                             |      |      |      |   | 5,40 |      |
|                             |      |      |      |   | 0,00 |      |
|                             |      |      |      |   | 0.00 |      |
+-----------------------------+------+------+------+---+------+------+
|   Increase in the period    |      |   -  |   -  |   |   -  |      |
|                             |      |      |      |   |      | 5,40 |
|                             |      |      |      |   |      | 0,00 |
|                             |      |      |      |   |      | 0.00 |
+-----------------------------+------+------+------+---+------+------+
|   Decrease in the period    |      |   -  |   -  |   |   -  |   -  |
+-----------------------------+------+------+------+---+------+------+
|   Ending balance            |      |   -  |   -  |   |      |      |
|                             |      |      |      |   | 5,40 | 5,40 |
|                             |      |      |      |   | 0,00 | 0,00 |
|                             |      |      |      |   | 0.00 | 0.00 |
+-----------------------------+------+------+------+---+------+------+

  (Unit : Baht)

+----------------------------+------+------+-------+---+------+-------+
| Type of                    | Rela | Cons |       |   | The  |       |
| Transaction/Company Name   | tion | olid |       |   | Com  |       |
|                            | ship | ated |       |   | pany |       |
|                            |      |      |       |   | Only |       |
+----------------------------+------+------+-------+---+------+-------+
|                            |      | As   |       |   | As   |       |
|                            |      | at   |       |   | at   |       |
|                            |      | Oct  |       |   | Oct  |       |
|                            |      | ober |       |   | ober |       |
|                            |      | 31,  |       |   | 31,  |       |
+----------------------------+------+------+-------+---+------+-------+
|                            |      |      | 2004  |   |      | 2004  |
|                            |      | 2005 |       |   | 2005 |       |
+----------------------------+------+------+-------+---+------+-------+
|   Khon Kaen Alcohol Co.,   |   Su |      |       |   |      |       |
|   Ltd.                     | bsid |      |       |   |      |       |
|                            | iary |      |       |   |      |       |
+----------------------------+------+------+-------+---+------+-------+
|   Beginning balance        |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Increase in the period   |      |   -  |   -   |   |   -  |   7,  |
|                            |      |      |       |   |      | 500,0 |
|                            |      |      |       |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Decrease in the period   |      |   -  |   -   |   |   -  |       |
|                            |      |      |       |   |      |  (7,5 |
|                            |      |      |       |   |      | 00,00 |
|                            |      |      |       |   |      | 0.00) |
+----------------------------+------+------+-------+---+------+-------+
|   Ending balance           |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   K.S.L. IT Center Co.,    |      |      |       |   |      |       |
|   Ltd.                     |  Rel |      |       |   |      |       |
|                            | ated |      |       |   |      |       |
+----------------------------+------+------+-------+---+------+-------+
|   Beginning balance        |      |   -  |   10, |   |   -  |   10, |
|                            |      |      | 650,0 |   |      | 650,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Increase in the period   |      |   -  |   1,  |   |   -  |   1,  |
|                            |      |      | 400,0 |   |      | 400,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Decrease in the period   |      |   -  |       |   |   -  |       |
|                            |      |      | (12,0 |   |      | (12,0 |
|                            |      |      | 50,00 |   |      | 50,00 |
|                            |      |      | 0.00) |   |      | 0.00) |
+----------------------------+------+------+-------+---+------+-------+
|   Ending balance           |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Khon Kaen MDF Board Co., |      |      |       |   |      |       |
|   Ltd.                     |  Rel |      |       |   |      |       |
|                            | ated |      |       |   |      |       |
+----------------------------+------+------+-------+---+------+-------+
|   Beginning balance        |      |   -  |       |   |   -  |       |
|                            |      |      |  155, |   |      |  155, |
|                            |      |      | 000,0 |   |      | 000,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Increase in the period   |      |   -  |   3,  |   |   -  |   3,  |
|                            |      |      | 000,0 |   |      | 000,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Decrease in the period   |      |   -  |   (   |   |   -  |   (   |
|                            |      |      | 158,0 |   |      | 158,0 |
|                            |      |      | 00,00 |   |      | 00,00 |
|                            |      |      | 0.00) |   |      | 0.00) |
+----------------------------+------+------+-------+---+------+-------+
|   Ending balance           |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Chengteh Chinaware       |      |      |       |   |      |       |
|   (Thailand) Co., Ltd.     |  Rel |      |       |   |      |       |
|                            | ated |      |       |   |      |       |
+----------------------------+------+------+-------+---+------+-------+
|   Beginning balance        |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Increase in the period   |      |   -  |   40, |   |   -  |   40, |
|                            |      |      | 000,0 |   |      | 000,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Decrease in the period   |      |   -  |       |   |   -  |       |
|                            |      |      | (40,0 |   |      | (40,0 |
|                            |      |      | 00,00 |   |      | 00,00 |
|                            |      |      | 0.00) |   |      | 0.00) |
+----------------------------+------+------+-------+---+------+-------+
|   Ending balance           |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Raja Porcelain Co., Ltd. |      |      |       |   |      |       |
|                            |  Rel |      |       |   |      |       |
|                            | ated |      |       |   |      |       |
+----------------------------+------+------+-------+---+------+-------+
|   Beginning balance        |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+
|   Increase in the period   |      |   -  |   10, |   |   -  |   10, |
|                            |      |      | 000,0 |   |      | 000,0 |
|                            |      |      | 00.00 |   |      | 00.00 |
+----------------------------+------+------+-------+---+------+-------+
|   Decrease in the period   |      |   -  |       |   |   -  |       |
|                            |      |      | (10,0 |   |      | (10,0 |
|                            |      |      | 00,00 |   |      | 00,00 |
|                            |      |      | 0.00) |   |      | 0.00) |
+----------------------------+------+------+-------+---+------+-------+
|   Ending balance           |      |   -  |   -   |   |   -  |   -   |
+----------------------------+------+------+-------+---+------+-------+

+----------------------------+------+-------+------+---+------+------+
|   Prachaup Industry Co.,   |      |       |      |   |      |      |
|   Ltd.                     |  Rel |       |      |   |      |      |
|                            | ated |       |      |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   Beginning balance        |      |       |   -  |   |   -  |   -  |
|                            |      |  121, |      |   |      |      |
|                            |      | 983,2 |      |   |      |      |
|                            |      | 00.00 |      |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   Increase in the period   |      |       |   12 |   |   -  |   -  |
|                            |      |  178, | 1,98 |   |      |      |
|                            |      | 976,8 | 3,20 |   |      |      |
|                            |      | 00.00 | 0.00 |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   Decrease in the period   |      |   (   |   -  |   |   -  |   -  |
|                            |      | 171,0 |      |   |      |      |
|                            |      | 32,45 |      |   |      |      |
|                            |      | 0.00) |      |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   Ending balance           |      |       |   12 |   |   -  |   -  |
|                            |      |  129, | 1,98 |   |      |      |
|                            |      | 927,5 | 3,20 |   |      |      |
|                            |      | 50.00 | 0.00 |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   - Loan due from Related  |      |       |      |   |      |      |
|   Party                    |  Com |       |      |   |      |      |
|                            | pany |       |      |   |      |      |
|                            |      |       |      |   |      |      |
|                            |  Adv |       |      |   |      |      |
|                            | isor |       |      |   |      |      |
+----------------------------+------+-------+------+---+------+------+
|   Beginning balance        |      |       |   85 |   |   33 |   85 |
|                            |      | 338,4 | 6,51 |   | 8,46 | 6,51 |
|                            |      | 69.51 | 0.28 |   | 9.51 | 0.28 |
+----------------------------+------+-------+------+---+------+------+
|   Increase in the period   |      |   -   |   30 |   |   -  |   30 |
|                            |      |       | 0,00 |   |      | 0,00 |
|                            |      |       | 0.00 |   |      | 0.00 |
+----------------------------+------+-------+------+---+------+------+
|   Decrease in the period   |      |   (2  |      |   |      |      |
|                            |      | 17,22 | (818 |   | (217 | (818 |
|                            |      | 0.90) | ,040 |   | ,220 | ,040 |
|                            |      |       | .77) |   | .90) | .77) |
+----------------------------+------+-------+------+---+------+------+
|   Ending balance           |      |       |   33 |   |   12 |   33 |
|                            |      | 121,2 | 8,46 |   | 1,24 | 8,46 |
|                            |      | 48.61 | 9.51 |   | 8.61 | 9.51 |
+----------------------------+------+-------+------+---+------+------+
|   Total                    |      |       |   12 |   |      |   2  |
|                            |      |  130, | 2,32 |   | 5,52 | 5,73 |
|                            |      | 048,7 | 1,66 |   | 1,24 | 8,46 |
|                            |      | 98.61 | 9.51 |   | 8.61 | 9.51 |
+----------------------------+------+-------+------+---+------+------+

As at October 31, 2005 and 2004, Loans due from subsidiary and related
companies were loans in the form of promissory notes and payable on
demand bearing interest rates at 2.75 – 4.00 and 2.50-5.00 percent per
annum respectively.

Loan due from the Company’s advisor carried interest rate at 6.50
percent per annum (the same rate for both years).

  (Unit : Baht)

+-----------------------+---------+-------+--------+---+-------+-------+
| Type of               | Relat   | Co    |        |   | The   |       |
| Transaction/Company   | ionship | nsoli |        |   | Co    |       |
| Name                  |         | dated |        |   | mpany |       |
|                       |         |       |        |   | Only  |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|                       |         | As at |        |   | As at |       |
|                       |         | Oc    |        |   | Oc    |       |
|                       |         | tober |        |   | tober |       |
|                       |         | 31,   |        |   | 31,   |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|                       |         |       | 2004   |   |       | 2004  |
|                       |         |  2005 |        |   |  2005 |       |
+-----------------------+---------+-------+--------+---+-------+-------+
| - Loan due to         |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Tamaka Sugar        |   Sub   |       |        |   |       |       |
|   Industry Co., Ltd.  | sidiary |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |   -    |   |   55, |   -   |
|                       |         |       |        |   | 000,0 |       |
|                       |         |       |        |   | 00.00 |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |       |       |
|   period              |         |       |        |   |  250, |  150, |
|                       |         |       |        |   | 000,0 | 000,0 |
|                       |         |       |        |   | 00.00 | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   -    |   |   (   |       |
|   period              |         |       |        |   | 305,0 | (95,0 |
|                       |         |       |        |   | 00,00 | 00,00 |
|                       |         |       |        |   | 0.00) | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   55, |
|                       |         |       |        |   |       | 000,0 |
|                       |         |       |        |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   New Krung Thai      |   Sub   |       |        |   |       |       |
|   Sugar Industry Co., | sidiary |       |        |   |       |       |
|   Ltd.                |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |   -    |   |   80, |   -   |
|                       |         |       |        |   | 000,0 |       |
|                       |         |       |        |   | 00.00 |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |   -   |       |
|   period              |         |       |        |   |       |  150, |
|                       |         |       |        |   |       | 000,0 |
|                       |         |       |        |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   -    |   |       |       |
|   period              |         |       |        |   | (80,0 | (70,0 |
|                       |         |       |        |   | 00,00 | 00,00 |
|                       |         |       |        |   | 0.00) | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   80, |
|                       |         |       |        |   |       | 000,0 |
|                       |         |       |        |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Khon Kaen Sugar     |   Sub   |       |        |   |       |       |
|   Power Plant Co.,    | sidiary |       |        |   |       |       |
|   Ltd.                |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |       |   -   |
|   period              |         |       |        |   |  240, |       |
|                       |         |       |        |   | 000,0 |       |
|                       |         |       |        |   | 00.00 |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   -    |   |       |   -   |
|   period              |         |       |        |   | (55,0 |       |
|                       |         |       |        |   | 00,00 |       |
|                       |         |       |        |   | 0.00) |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |       |   -   |
|                       |         |       |        |   |  185, |       |
|                       |         |       |        |   | 000,0 |       |
|                       |         |       |        |   | 00.00 |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Champion            |   Ass   |       |        |   |       |       |
|   Fermentation Co.,   | ociated |       |        |   |       |       |
|   Ltd.                |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   14   |   |   -   |   -   |
|   period              |         |       | 9,000, |   |       |       |
|                       |         |       | 000.00 |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   (149 |   |   -   |   -   |
|   period              |         |       | ,000,0 |   |       |       |
|                       |         |       | 00.00) |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+

+-----------------------+---------+-------+--------+---+-------+-------+
|   Amarco Co., Ltd.    |         |       |        |   |       |       |
|                       | Related |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |        |   |   -   |   6,  |
|                       |         |       | 6,500, |   |       | 500,0 |
|                       |         |       | 000.00 |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |   -   |   -   |
|   period              |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   (6   |   |   -   |       |
|   period              |         |       | ,500,0 |   |       |  (6,5 |
|                       |         |       | 00.00) |   |       | 00,00 |
|                       |         |       |        |   |       | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+
|   On Nuj Construction |         |       |        |   |       |       |
|   Co., Ltd.           | Related |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |        |   |   -   |   5,  |
|                       |         |       | 5,000, |   |       | 000,0 |
|                       |         |       | 000.00 |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |   -   |   -   |
|   period              |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   (5   |   |   -   |       |
|   period              |         |       | ,000,0 |   |       |  (5,0 |
|                       |         |       | 00.00) |   |       | 00,00 |
|                       |         |       |        |   |       | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+
|   KSL Tower Juristic  |         |       |        |   |       |       |
|   Person Office       |  Shared |       |        |   |       |       |
|                       |   Owner |       |        |   |       |       |
|                       |   in    |       |        |   |       |       |
|                       |   Cond  |       |        |   |       |       |
|                       | ominium |       |        |   |       |       |
|                       |   B     |       |        |   |       |       |
|                       | uilding |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |        |   |   -   |   5,  |
|                       |         |       | 5,500, |   |       | 500,0 |
|                       |         |       | 000.00 |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   -    |   |   -   |   -   |
|   period              |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   (5   |   |   -   |       |
|   period              |         |       | ,500,0 |   |       |  (5,5 |
|                       |         |       | 00.00) |   |       | 00,00 |
|                       |         |       |        |   |       | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Total               |         |   -   |   -    |   |       |       |
|                       |         |       |        |   |  185, |  135, |
|                       |         |       |        |   | 000,0 | 000,0 |
|                       |         |       |        |   | 00.00 | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   - Short-Term Loan   |         |       |        |   |       |       |
|   from Directors and  |         |       |        |   |       |       |
|   Shareholders        |         |       |        |   |       |       |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Beginning balance   |         |   -   |   45   |   |   -   |       |
|                       |         |       | 2,531, |   |       |  452, |
|                       |         |       | 000.00 |   |       | 531,0 |
|                       |         |       |        |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Increase in the     |         |   -   |   2    |   |   -   |   25, |
|   period              |         |       | 7,600, |   |       | 300,0 |
|                       |         |       | 000.00 |   |       | 00.00 |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Decrease in the     |         |   -   |   (480 |   |   -   |   (   |
|   period              |         |       | ,131,0 |   |       | 477,8 |
|                       |         |       | 00.00) |   |       | 31,00 |
|                       |         |       |        |   |       | 0.00) |
+-----------------------+---------+-------+--------+---+-------+-------+
|   Ending balance      |         |   -   |   -    |   |   -   |   -   |
+-----------------------+---------+-------+--------+---+-------+-------+

As at October 31, 2005 and 2004, loans from related companies and loans
from directors and shareholders are loans repayable at call and carry
interest rates at 1.25 - 3.05 and 3.00-5.00 percent per annum
respectively.

  11.2 Inter-Company Revenue and Expense

  (Unit : Baht)

+------------------------+---------+------+-------+---+-------+-------+
|   Type of              |   Relat | Cons |       |   | The   |       |
|   Transaction/Company  | ionship | olid |       |   | Co    |       |
|   Name                 |         | ated |       |   | mpany |       |
|                        |         |      |       |   | Only  |       |
+------------------------+---------+------+-------+---+-------+-------+
|                        |         |      |       |   |       |       |
|                        |         |  For |       |   |       |       |
|                        |         |      |       |   |       |       |
|                        |         |  the |       |   |       |       |
|                        |         |      |       |   |       |       |
|                        |         | Year |       |   |       |       |
|                        |         |      |       |   |       |       |
|                        |         |  end |       |   |       |       |
|                        |         |   on |       |   |       |       |
|                        |         |      |       |   |       |       |
|                        |         |  Oct |       |   |       |       |
|                        |         | ober |       |   |       |       |
|                        |         |      |       |   |       |       |
|                        |         |  31, |       |   |       |       |
+------------------------+---------+------+-------+---+-------+-------+
|                        |         |      | 2004  |   |       | 2004  |
|                        |         | 2005 |       |   |  2005 |       |
+------------------------+---------+------+-------+---+-------+-------+
|   - Sales              |         |      |       |   |       |       |
+------------------------+---------+------+-------+---+-------+-------+
|   Tamaka Sugar         |   Sub   |   -  |   -   |   |   35, |       |
|   Industry Co., Ltd.   | sidiary |      |       |   | 593,4 |  209, |
|                        |         |      |       |   | 12.83 | 955,4 |
|                        |         |      |       |   |       | 76.75 |
+------------------------+---------+------+-------+---+-------+-------+
|   New Krung Thai Sugar |   Sub   |   -  |   -   |   |   15, |   91, |
|   Industry Co., Ltd.   | sidiary |      |       |   | 609,4 | 568,3 |
|                        |         |      |       |   | 60.84 | 62.12 |
+------------------------+---------+------+-------+---+-------+-------+
|   New Kwang Soon Lee   |   Sub   |   -  |   -   |   |   12, |       |
|   Sugar Industry Co.,  | sidiary |      |       |   | 742,0 |  161, |
|   Ltd.                 |         |      |       |   | 79.01 | 266,9 |
|                        |         |      |       |   |       | 74.32 |
+------------------------+---------+------+-------+---+-------+-------+
|   Thai Fermentation    |         |   10 |   42, |   |   65, |   34, |
|   Industry Co., Ltd.   | Related | 9,38 | 699,8 |   | 443,0 | 500,0 |
|                        |         | 8,50 | 65.00 |   | 87.35 | 00.00 |
|                        |         | 8.69 |       |   |       |       |
+------------------------+---------+------+-------+---+-------+-------+
|   Total                |         |   10 |   42, |   |       |       |
|                        |         | 9,38 | 699,8 |   |  129, |  497, |
|                        |         | 8,50 | 65.00 |   | 388,0 | 290,8 |
|                        |         | 8.69 |       |   | 40.03 | 13.19 |
+------------------------+---------+------+-------+---+-------+-------+
|   - Purchases          |         |      |       |   |       |       |
+------------------------+---------+------+-------+---+-------+-------+
|   Tamaka Sugar         |   Sub   |   -  |   -   |   |       |       |
|   Industry Co., Ltd.   | sidiary |      |       |   |  221, |  374, |
|                        |         |      |       |   | 203,3 | 717,4 |
|                        |         |      |       |   | 04.86 | 49.80 |
+------------------------+---------+------+-------+---+-------+-------+
|   New Krung Thai Sugar |   Sub   |   -  |   -   |   |   97, |       |
|   Industry Co., Ltd.   | sidiary |      |       |   | 166,7 |  212, |
|                        |         |      |       |   | 81.91 | 958,0 |
|                        |         |      |       |   |       | 11.66 |
+------------------------+---------+------+-------+---+-------+-------+
|   New Kwang Soon Lee   |   Sub   |   -  |   -   |   |       |       |
|   Sugar Industry Co.,  | sidiary |      |       |   |  114, |  223, |
|   Ltd.                 |         |      |       |   | 194,9 | 407,1 |
|                        |         |      |       |   | 53.93 | 89.18 |
+------------------------+---------+------+-------+---+-------+-------+
|   Thai Fermentation    |         |      |   1,  |   |       |       |
|   Industry Co., Ltd.   | Related | 1,41 | 869,9 |   | 499,3 | 414,9 |
|                        |         | 1,00 | 24.06 |   | 85.76 | 20.00 |
|                        |         | 4.72 |       |   |       |       |
+------------------------+---------+------+-------+---+-------+-------+
|   Total                |         |      |   1,  |   |       |       |
|                        |         | 1,41 | 869,9 |   |  433, |  811, |
|                        |         | 1,00 | 24.06 |   | 064,4 | 497,5 |
|                        |         | 4.72 |       |   | 26.46 | 70.64 |
+------------------------+---------+------+-------+---+-------+-------+

Policy of Inter-Company Price Setting for Goods

- The inter-swapping goods for export, the Company uses the world market
price that the sales-purchase is made for the first time of that year to
be the price of sales-purchase of sugar between the Company’s group.

- The intersales-purchase goods for local sales, the Company has the
policy to use the market price to determine the price of goods
transacted between each other.

  (Unit : Baht)

+---------------------------+----------+------+------+---+---+------+------+
|   Type of                 |   Rela   | Cons |      |   |   | The  |      |
|   Transaction/Company     | tionship | olid |      |   |   | Com  |      |
|   Name                    |          | ated |      |   |   | pany |      |
|                           |          |      |      |   |   | Only |      |
+---------------------------+----------+------+------+---+---+------+------+
|                           |          |      |      |   |   |      |      |
|                           |          |  For |      |   |   |      |      |
|                           |          |      |      |   |   |      |      |
|                           |          |  the |      |   |   |      |      |
|                           |          |      |      |   |   |      |      |
|                           |          | Year |      |   |   |      |      |
|                           |          |      |      |   |   |      |      |
|                           |          |  end |      |   |   |      |      |
|                           |          |   on |      |   |   |      |      |
|                           |          |      |      |   |   |      |      |
|                           |          |  Oct |      |   |   |      |      |
|                           |          | ober |      |   |   |      |      |
|                           |          |      |      |   |   |      |      |
|                           |          |  31, |      |   |   |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|                           |          |      | 2004 |   |   |      | 2004 |
|                           |          | 2005 |      |   |   |      |      |
|                           |          |      |      |   | 2 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 5 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   - Rental Income and     |          |      |      |   |   |      |      |
|   Service                 |          |      |      |   |   |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   On Nuj Construction     |          |   48 |   26 |   |   |      |   26 |
|   Co., Ltd.               |  Related | 6,81 | 4,91 |   |   |      | 4,91 |
|                           |          | 6.00 | 2.00 |   | 4 |      | 2.00 |
|                           |          |      |      |   | 8 |      |      |
|                           |          |      |      |   | 6 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 8 |      |      |
|                           |          |      |      |   | 1 |      |      |
|                           |          |      |      |   | 6 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   Chengteh Chinaware      |          |      |      |   |   |      |      |
|   (Thailand) Co., Ltd.    |  Related | 1,44 | 1,44 |   |   |      | 1,44 |
|                           |          | 0,00 | 0,00 |   | 1 |      | 0,00 |
|                           |          | 0.00 | 0.00 |   | , |      | 0.00 |
|                           |          |      |      |   | 4 |      |      |
|                           |          |      |      |   | 4 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   K. K. Wood Industry     |          |   82 | -    |   |   |      | -    |
|   Co., Ltd.               |  Related | 9,44 |      |   |   |      |      |
|                           |          | 0.00 |      |   | 8 |      |      |
|                           |          |      |      |   | 2 |      |      |
|                           |          |      |      |   | 9 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 4 |      |      |
|                           |          |      |      |   | 4 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   K.S.L. IT Center Co.,   |          |   36 |   36 |   |   |      |   36 |
|   Ltd.                    |  Related | 0,00 | 0,00 |   |   |      | 0,00 |
|                           |          | 0.00 | 0.00 |   | 3 |      | 0.00 |
|                           |          |      |      |   | 6 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   Amarco Co., Ltd.        |          |   1  | -    |   |   |      | -    |
|                           |  Related | 8,00 |      |   |   |      |      |
|                           |          | 0.00 |      |   | 1 |      |      |
|                           |          |      |      |   | 8 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+
| Mitr Kaset Sugar Indrstry |          | 12   | 3,44 |   | - |      | -    |
| Co., Ltd.                 |  Related | 3,68 | 3,18 |   |   |      |      |
|                           |          | 7.37 | 2.92 |   |   |      |      |
+---------------------------+----------+------+------+---+---+------+------+
| Eastern Sugar And Sugar   |          | 2,58 | 1,59 |   | - |      | -    |
| Cane Co., Ltd.            |  Related | 0,34 | 0,19 |   |   |      |      |
|                           |          | 3.41 | 2.79 |   |   |      |      |
+---------------------------+----------+------+------+---+---+------+------+
| Rajburi Sugar Co., Ltd.   |          | 1,33 | 1,98 |   | - |      | -    |
|                           |  Related | 5,58 | 1,12 |   |   |      |      |
|                           |          | 9.05 | 1.05 |   |   |      |      |
+---------------------------+----------+------+------+---+---+------+------+
|   Total                   |          | 7,17 | 9,07 |   | 3 |      | 2,06 |
|                           |          | 3,87 | 9,40 |   | , |      | 4,91 |
|                           |          | 6.03 | 8.76 |   | 1 |      | 2.00 |
|                           |          |      |      |   | 3 |      |      |
|                           |          |      |      |   | 4 |      |      |
|                           |          |      |      |   | , |      |      |
|                           |          |      |      |   | 2 |      |      |
|                           |          |      |      |   | 5 |      |      |
|                           |          |      |      |   | 6 |      |      |
|                           |          |      |      |   | . |      |      |
|                           |          |      |      |   | 0 |      |      |
|                           |          |      |      |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+------+------+

  (Unit : Baht)

+---------------------------+----------+------+------+---+---+---+------+------+
|   Type of                 |   Rela   | Cons |      |   |   |   | The  |      |
|   Transaction/Company     | tionship | olid |      |   |   |   | Com  |      |
|   Name                    |          | ated |      |   |   |   | pany |      |
|                           |          |      |      |   |   |   | Only |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|                           |          |      |      |   |   |   |      |      |
|                           |          |  For |      |   |   |   |      |      |
|                           |          |      |      |   |   |   |      |      |
|                           |          |  the |      |   |   |   |      |      |
|                           |          |      |      |   |   |   |      |      |
|                           |          | Year |      |   |   |   |      |      |
|                           |          |      |      |   |   |   |      |      |
|                           |          |  end |      |   |   |   |      |      |
|                           |          |   on |      |   |   |   |      |      |
|                           |          |      |      |   |   |   |      |      |
|                           |          |  Oct |      |   |   |   |      |      |
|                           |          | ober |      |   |   |   |      |      |
|                           |          |      |      |   |   |   |      |      |
|                           |          |  31, |      |   |   |   |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|                           |          |      | 2004 |   |   |   |      | 2004 |
|                           |          | 2005 |      |   |   |   |      |      |
|                           |          |      |      |   |   | 2 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   - Other Income          |          |      |      |   |   |   |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Tamaka Sugar Industry   |   Su     | -    | -    |   |   | 1 |      | 1,03 |
|   Co., Ltd.               | bsidiary |      |      |   |   | , |      | 1,75 |
|                           |          |      |      |   |   | 6 |      | 4.64 |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   New Krung Thai Sugar    |   Su     | -    | -    |   |   | 2 |      | 31   |
|   Industry Co., Ltd.      | bsidiary |      |      |   |   | 0 |      | 7,11 |
|                           |          |      |      |   |   | 6 |      | 5.47 |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 1 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   New Kwang Soon Lee      | Su       | -    | -    |   |   | 2 |      | 50   |
|   Sugar Industry Co.,     | bsidiary |      |      |   |   | 3 |      | 2,85 |
|   Ltd.                    |          |      |      |   |   | 0 |      | 1.62 |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | 4 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   K.S.L. Export Trading   |   Su     | -    | -    |   |   | 5 |      | -    |
|   Co., Ltd.               | bsidiary |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   KS Laxmi Co., Ltd.      |   Su     | -    | -    |   |   | 4 |      | -    |
|                           | bsidiary |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | 2 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Khon Kaen Alcohol Co.,  |   Su     | -    | -    |   |   | 1 |      | -    |
|   Ltd.                    | bsidiary |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | 2 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Khon Kaen Sugar Power   |   Su     | -    | -    |   |   | 8 |      | -    |
|   Plant Co., Ltd.         | bsidiary |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Thai Sugar Terminal     |   Su     | -    | -    |   |   | 4 |      | 4,70 |
|   Public Co., Ltd.        | bsidiary |      |      |   |   | 0 |      | 3,75 |
|                           |          |      |      |   |   | 3 |      | 9.68 |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Thai Fermentation       |          | 26   | 18   |   |   | 8 |      | 11   |
|   Industry Co., Ltd.      |  Related | 1,36 | 6,44 |   |   | 7 |      | 3,55 |
|                           |          | 7.62 | 8.61 |   |   | , |      | 1.41 |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   K. K. Wood Industry     |          | -    | 2    |   |   | - |      | 2    |
|   Co., Ltd.               |  Related |      | 0,76 |   |   |   |      | 0,76 |
|                           |          |      | 6,00 |   |   |   |      | 6,00 |
|                           |          |      | 0.00 |   |   |   |      | 0.00 |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Total                   |          | 26   | 2    |   |   | 2 |      | 2    |
|                           |          | 1,36 | 0,95 |   |   | , |      | 7,43 |
|                           |          | 7.62 | 2,44 |   |   | 8 |      | 5,03 |
|                           |          |      | 8.61 |   |   | 5 |      | 2.82 |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 1 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   - Interest Received     |          |      |      |   |   |   |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   New Kwang Soon Lee      | Su       |   -  |   -  |   |   | 2 |      | -    |
|   Sugar Factory Co., Ltd. | bsidiary |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 1 |      |      |
|                           |          |      |      |   |   | 1 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   K.S.L. Real Estate Co., | Su       |   -  |   -  |   |   | 2 |      | -    |
|   Ltd.                    | bsidiary |      |      |   |   | 0 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 3 |      |      |
|                           |          |      |      |   |   | 5 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Khon Kaen Alcohol Co.,  | Su       |   -  |   -  |   |   |   |      | 2    |
|   Ltd.                    | bsidiary |      |      |   |   |   |      | 3,36 |
|                           |          |      |      |   |   | - |      | 0.66 |
+---------------------------+----------+------+------+---+---+---+------+------+
|   Total                   |          |   -  |   -  |   |   | 4 |      | 2    |
|                           |          |      |      |   |   | 4 |      | 3,36 |
|                           |          |      |      |   |   | 5 |      | 0.66 |
|                           |          |      |      |   |   | , |      |      |
|                           |          |      |      |   |   | 8 |      |      |
|                           |          |      |      |   |   | 7 |      |      |
|                           |          |      |      |   |   | 9 |      |      |
|                           |          |      |      |   |   | . |      |      |
|                           |          |      |      |   |   | 4 |      |      |
|                           |          |      |      |   |   | 6 |      |      |
+---------------------------+----------+------+------+---+---+---+------+------+

+---------------------------+----------+------+------+---+------+------+
|   - Goods Custody and     |          |      |      |   |      |      |
|   Exporting Fees          |          |      |      |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Thai Sugar Terminal     |   Su     | -    | -    |   | 3,61 | 1    |
|   Public Co., Ltd.        | bsidiary |      |      |   | 7,68 | 6,85 |
|                           |          |      |      |   | 9.66 | 2,21 |
|                           |          |      |      |   |      | 1.44 |
+---------------------------+----------+------+------+---+------+------+
|   K.S.L. Export Trading   |   Su     | -    | -    |   | 2,62 | 6,81 |
|   Co., Ltd.               | bsidiary |      |      |   | 0,18 | 1,54 |
|                           |          |      |      |   | 3.85 | 3.77 |
+---------------------------+----------+------+------+---+------+------+
|   TS Warehouse Co., Ltd.  |   Su     | -    | -    |   | 73   | 7,68 |
|                           | bsidiary |      |      |   | 9,39 | 6,64 |
|                           |          |      |      |   | 3.44 | 6.03 |
+---------------------------+----------+------+------+---+------+------+
|   Kerry Siam Seaport Co., |          | 15   | 1,31 |   | 15   | 12   |
|   Ltd.                    |  Related | 9,14 | 5,49 |   | 9,14 | 1,02 |
|                           |          | 7.85 | 7.37 |   | 7.85 | 7.80 |
+---------------------------+----------+------+------+---+------+------+
|   Total                   |          | 15   | 1,31 |   | 7,13 | 3    |
|                           |          | 9,14 | 5,49 |   | 6,41 | 1,47 |
|                           |          | 7.85 | 7.37 |   | 4.80 | 1,42 |
|                           |          |      |      |   |      | 9.04 |
+---------------------------+----------+------+------+---+------+------+
|   - Other Expenses        |          |      |      |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Tamaka Sugar Industry   |   Su     | -    | -    |   | 1,94 | 6    |
|   Co., Ltd.               | bsidiary |      |      |   | 8,74 | 9,39 |
|                           |          |      |      |   | 5.15 | 7.62 |
+---------------------------+----------+------+------+---+------+------+
|   New Krung Thai Sugar    | Su       | -    | -    |   | 40   | 7    |
|   Industry Co., Ltd.      | bsidiary |      |      |   | 4,71 | 9,95 |
|                           |          |      |      |   | 3.67 | 9.04 |
+---------------------------+----------+------+------+---+------+------+
|   K.S.L. Real Estate Co., | Su       | -    | -    |   | 10   | 11   |
|   Ltd.                    | bsidiary |      |      |   | 7,83 | 9,60 |
|                           |          |      |      |   | 9.24 | 5.83 |
+---------------------------+----------+------+------+---+------+------+
|   Khon Kaen Alcohol Co.,  | Su       | -    | -    |   | 80   | -    |
|   Ltd.                    | bsidiary |      |      |   | 4,26 |      |
|                           |          |      |      |   | 3.38 |      |
+---------------------------+----------+------+------+---+------+------+
|   Thai Fermentation       |          | 3    | -    |   | 9,71 | -    |
|   Industry Co., Ltd.      |  Related | 3,07 |      |   | 3.46 |      |
|                           |          | 1.46 |      |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   K.S.L. IT Center Co.,   |          | 4,32 | 3,16 |   | 1,53 | 93   |
|   Ltd.                    |  Related | 3,73 | 5,84 |   | 9,56 | 9,85 |
|                           |          | 8.85 | 3.73 |   | 0.54 | 5.84 |
+---------------------------+----------+------+------+---+------+------+
|   Mitr Kaset Sugar        |          | -    | 13   |   | -    | -    |
|   Industry Co., Ltd.      |  Related |      | 0,56 |   |      |      |
|                           |          |      | 7.04 |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Eastern Sugar and Sugar |          | 1,11 | 5    |   | -    | -    |
|   Cane Co., Ltd.          |  Related | 5,95 | 8,19 |   |      |      |
|                           |          | 0.00 | 0.00 |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Rajburi Sugar Co., Ltd. |          | 31   | 26   |   | -    | -    |
|                           |  Related | 9,96 | 9,10 |   |      |      |
|                           |          | 5.00 | 8.80 |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Total                   |          | 5,79 | 3,62 |   | 4,81 | 1,20 |
|                           |          | 2,72 | 3,70 |   | 4,83 | 8,81 |
|                           |          | 5.31 | 9.57 |   | 5.44 | 8.33 |
+---------------------------+----------+------+------+---+------+------+
|   - Interest Expenses     |          |      |      |   |      |      |
+---------------------------+----------+------+------+---+------+------+
|   Tamaka Sugar Industry   |   Su     | -    |   -  |   | 39   | -    |
|   Co., Ltd.               | bsidiary |      |      |   | 9,97 |      |
|                           |          |      |      |   | 2.61 |      |
+---------------------------+----------+------+------+---+------+------+
|   New Krung Thai Sugar    |   Su     | -    |   -  |   | 9    | -    |
|   Factory Co., Ltd.       | bsidiary |      |      |   | 0,41 |      |
|                           |          |      |      |   | 0.97 |      |
+---------------------------+----------+------+------+---+------+------+
|   Khon Kaen Sugar Power   |   Su     | -    |   -  |   | 1,48 | -    |
|   Plant Co., Ltd.         | bsidiary |      |      |   | 2,21 |      |
|                           |          |      |      |   | 9.19 |      |
+---------------------------+----------+------+------+---+------+------+
|   Total                   |          | -    |   -  |   | 1,97 | -    |
|                           |          |      |      |   | 2,60 |      |
|                           |          |      |      |   | 2.77 |      |
+---------------------------+----------+------+------+---+------+------+

Policy of Price Setting

  - Rental income and service are charged according to the mutually
  agreed agreements.

  - Other income of K.K. Wood Industry Co., Ltd. is income from
  converting sugar and selling machinery in the mutually agreed
  agreements.

  - Other income of THAI SUGAR TERMINAL PUBLIC COMPANY LIMITED is
  compensation money for transporting sugar to freighters at the normal
  rate charged to general customers.

  - Fees for goods custody are charged according to the volume of the
  goods and the custody time, which are general rates in the market.

  - The expenses paid on behalf of each other are charges according to
  the actual expenses.

+--------------------------+---------+---+---+-------+---+-------+---+----------+
|                          |         |   |   |       |   | (Unit |   |          |
|                          |         |   |   |       |   | :     |   |          |
|                          |         |   |   |       |   | Baht) |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
|   Type of                |   Relat | C |   |       |   |       | T |          |
|   Transaction/Company    | ionship | o |   |       |   |       | h |          |
|   Name                   |         | n |   |       |   |       | e |          |
|                          |         | s |   |       |   |       | C |          |
|                          |         | o |   |       |   |       | o |          |
|                          |         | l |   |       |   |       | m |          |
|                          |         | i |   |       |   |       | p |          |
|                          |         | d |   |       |   |       | a |          |
|                          |         | a |   |       |   |       | n |          |
|                          |         | t |   |       |   |       | y |          |
|                          |         | e |   |       |   |       | O |          |
|                          |         | d |   |       |   |       | n |          |
|                          |         |   |   |       |   |       | l |          |
|                          |         |   |   |       |   |       | y |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
|                          |         |   | F |       |   |       |   |          |
|                          |         |   | o |       |   |       |   |          |
|                          |         |   | r |       |   |       |   |          |
|                          |         |   | t |       |   |       |   |          |
|                          |         |   | h |       |   |       |   |          |
|                          |         |   | e |       |   |       |   |          |
|                          |         |   | Y |       |   |       |   |          |
|                          |         |   | e |       |   |       |   |          |
|                          |         |   | a |       |   |       |   |          |
|                          |         |   | r |       |   |       |   |          |
|                          |         |   | e |       |   |       |   |          |
|                          |         |   | n |       |   |       |   |          |
|                          |         |   | d |       |   |       |   |          |
|                          |         |   | o |       |   |       |   |          |
|                          |         |   | n |       |   |       |   |          |
|                          |         |   | O |       |   |       |   |          |
|                          |         |   | c |       |   |       |   |          |
|                          |         |   | t |       |   |       |   |          |
|                          |         |   | o |       |   |       |   |          |
|                          |         |   | b |       |   |       |   |          |
|                          |         |   | e |       |   |       |   |          |
|                          |         |   | r |       |   |       |   |          |
|                          |         |   | 3 |       |   |       |   |          |
|                          |         |   | 1 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 2 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | 4 |       |   |       |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
| Chengteh Chinaware       |         |   |   |       |   |       |   |          |
| (Thailand) Co., Ltd.     | Related |   |   |       |   |       |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
|   - Gain on Sale of      |         |   |   |       |   |   22, |   |   22,50  |
|   General Investments    |  78,869 |   |   |       |   | 500,0 |   | 0,000.00 |
|                          | ,798.54 |   | 7 |       |   | 00.00 |   |          |
|                          |         |   | 8 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 8 |       |   |       |   |          |
|                          |         |   | 6 |       |   |       |   |          |
|                          |         |   | 9 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 7 |       |   |       |   |          |
|                          |         |   | 9 |       |   |       |   |          |
|                          |         |   | 8 |       |   |       |   |          |
|                          |         |   | . |       |   |       |   |          |
|                          |         |   | 5 |       |   |       |   |          |
|                          |         |   | 4 |       |   |       |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
|   - Loss on Sale of      |         |   |   |       |   |       |   |   (1,470 |
|   General Investments    | (1,470, |   |   |       |   |  (1,4 |   | ,000.00) |
|                          | 000.00) |   | ( |       |   | 70,00 |   |          |
|                          |         |   | 1 |       |   | 0.00) |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 4 |       |   |       |   |          |
|                          |         |   | 7 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | . |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | 0 |       |   |       |   |          |
|                          |         |   | ) |       |   |       |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+
|   Total                  |         |   |   |       |   |   21, |   |   21,03  |
|                          |  77,399 |   |   |       |   | 030,0 |   | 0,000.00 |
|                          | ,798.54 |   | 7 |       |   | 00.00 |   |          |
|                          |         |   | 7 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 3 |       |   |       |   |          |
|                          |         |   | 9 |       |   |       |   |          |
|                          |         |   | 9 |       |   |       |   |          |
|                          |         |   | , |       |   |       |   |          |
|                          |         |   | 7 |       |   |       |   |          |
|                          |         |   | 9 |       |   |       |   |          |
|                          |         |   | 8 |       |   |       |   |          |
|                          |         |   | . |       |   |       |   |          |
|                          |         |   | 5 |       |   |       |   |          |
|                          |         |   | 4 |       |   |       |   |          |
+--------------------------+---------+---+---+-------+---+-------+---+----------+

In the consolidated and the Company’s financial statements for the year
ended on October 31, 2004, the Company had disposed investment in
Chengteh Chinaware (Thailand) Co., Ltd., which had the book value of
Baht 37.80 million and Baht 9.00 million respectively to directors at
the price of Baht 115.50 million and Baht 31.50 million respectively to
cause gain on disposal at Baht 77.70 million and 22.50 million
respectively.

In the Company’s financial statement for the year ended on October 31,
2004, the Company had disposed the ordinary shares of Raja Porcelain
Co., Ltd., On Nuj Construction Co., Ltd., Para Ruamchoke Co., Ltd.,
Amarco Co., Ltd. and K.K. Wood Industry Co., Ltd. to directors and the
company’s shareholders at the price of Baht 40.23 million which are the
book value.

  11.3 Relationship of Related Companies

Consisted of: -

+--------------------------+--------------+---------------------------+
| Company Name             | Relationship | Connection                |
+--------------------------+--------------+---------------------------+
|   K.K. Wood Industry     | Rel          | Same shareholder Group    |
|   Co., Ltd.              | ated Company |                           |
+--------------------------+--------------+---------------------------+
|   Khon Kaen MDF Board    | Rel          | Same shareholder Group    |
|   Co., Ltd.              | ated Company |                           |
+--------------------------+--------------+---------------------------+
|   K.S.L. IT Center Co.,  | Rel          | Same shareholder Group    |
|   Ltd.                   | ated Company | /Mutual directors         |
+--------------------------+--------------+---------------------------+
|   Chengteh Chinaware     | Rel          | Same shareholder Group    |
|   (Thailand) Co., Ltd.   | ated Company | /Mutual directors         |
+--------------------------+--------------+---------------------------+
|   Raja Porcelain Co.,    | Rel          | Same shareholder Group    |
|   Ltd.                   | ated Company | /Mutual directors         |
+--------------------------+--------------+---------------------------+
|   On Nuj Construction    | Rel          | Same shareholder Group    |
|   Co., Ltd.              | ated Company | /Mutual directors         |
+--------------------------+--------------+---------------------------+
|   Kerry Siam Seaport     | Rel          | Same shareholder Group    |
|   Co., Ltd.              | ated Company | /Mutual directors         |
+--------------------------+--------------+---------------------------+
|   Rajburi Sugar Co.,     | Rel          | Same shareholder          |
|   Ltd.                   | ated Company | Group/Mutual directors    |
+--------------------------+--------------+---------------------------+
|   Mitr Kaset Sugar       | Rel          | Same shareholder          |
|   Industry Co., Ltd.     | ated Company | Group/Mutual directors    |
+--------------------------+--------------+---------------------------+
|   Amarco Co., Ltd.       | Rel          | Same shareholder Group    |
|                          | ated Company |                           |
+--------------------------+--------------+---------------------------+
|   Thai Fermentation      | Rel          | Same shareholder Group    |
|   Industry Co., Ltd.     | ated Company |                           |
+--------------------------+--------------+---------------------------+
|   KSL Tower Juristic     | Rel          | Shared Owner of           |
|   Person office          | ated Company | Condominium Building      |
+--------------------------+--------------+---------------------------+
|   Eastern Sugar and      | Rel          | Mutual directors          |
|   Sugar Cane Co., Ltd.   | ated Company |                           |
+--------------------------+--------------+---------------------------+

Prachaup Industry Co., Ltd. held no part in management of the Company,
but is a related company, where some directors are also directors of
Thai Sugar Terminal Public Co.,Ltd. and K.S.L. Export Trading Co., Ltd.
which are subsidiary companies of Khon Kaen Sugar Industry Public
Company Limited.

4.  Necessity and Rationale of related parties transaction

Transactions between the company and its subsidiaries with its relatd
parties are inline with normal business operation as well as normal
trade conditions. Trade conditions and prices rely on the market prices
or fair prices which can compare to the transactions with the outsiders
to ensure that the company and its subsidiaries can maximize their
benefits.

5.  Procedures to authorize related-party transactions

Managing Director has the authority to approve the related-party
transactions under practices of normal business operation and trade
conditions which shall be carried out along the Securities and Exchange
Act as well as the announcement, rules and regulations by SET. All
transactions that involve related parties must be also consistent with
the standard of Thai generally accepted accounting principles regarding
the disclosure of related-transactions or the acquisition and deposition
of the significant assets of the company and subsidiaries.

The transactions that involve any interest person who may constitute the
conflicts of benefits or the potential conflicts of interest must
receive approval form Board of Directors attended by the Audit Committee
regarding the comments on the necessity and appropriateness of the
transactions. The directors with conflict of interests have no right to
vote on the transactions. If the Audit Committee is not expertise on
scrutinize the related-party transactions, the company will assign the
independent expertise or the company auditor to comment on the
transactions for support the decision by the Boards or shareholders. The
company will disclose the related-party transactions in the notes to
financial statements reviewed by the company’s auditor.

  11.6 Future Trend Connected Transaction

The Company will strictly comply with the regulations of the Stock
Exchange of Thailand or any other regulatory authorities with regard to
connected transactions concerning persons/parties with conflict of
interest in the future for the maximum benefit of all shareholders