General information 

+-----------+----------------------------------------------------------+
| Name      | Chiangmai Frozen Foods Public Company Limited            |
+-----------+----------------------------------------------------------+
| Office    | 149/34 Soi Anglo Plaza, Surawongse Road, Kwaeng          |
| Location  | Suriyawongse, Bangrak, Bangkok 10500, Thailand.          |
+-----------+----------------------------------------------------------+
| Reg       | 0107537000513                                            |
| istration |                                                          |
+-----------+----------------------------------------------------------+
| Telephone | (662) 238-4091, 634-0061-4                               |
+-----------+----------------------------------------------------------+
| Facsimile | (662) 238-4090                                           |
+-----------+----------------------------------------------------------+
| Website   | www.cmfrozen.com                                         |
+-----------+----------------------------------------------------------+
| Business  | Manufacture and Export of Frozen Vegetables              |
| Type      |                                                          |
|           | such as Soy Beans, Green Beans, Sweet Corn, Carrot, Baby |
|           | Corn etc.                                                |
+-----------+----------------------------------------------------------+
| Capacity  | 42,000 Metric Tons per Year                              |
+-----------+----------------------------------------------------------+
| Factory   | 1^(st) Plant No. 92 Moo 3, Chiangmai-Phrao Road,         |
| (Branch)  | Nongjom, Sansai, Chiangmai Province 50210, Thailand.     |
|           |                                                          |
|           | 2^(nd) Plant No. 299 Moo 14, Chiangmai-Phrao Road, Mae   |
|           | Fag Mai, Sansai, Chiangmai Province 50290, Thailand.     |
+-----------+----------------------------------------------------------+
| R         | 381,146,251 common shares each with par value 1 baht and |
| egistered | in the aggregate value of 381,146,251 bahts.             |
| Capital   |                                                          |
+-----------+----------------------------------------------------------+
| Paid-up   | 381,145,725 common shares each with par value 1 baht and |
| Capital   | in the aggregate value of 381,145,725 bahts.             |
+-----------+----------------------------------------------------------+

Shares in juristic persons held by the company from 10% upwards.

  -------------------- --------------------------------------------------
  Name                 Agrifood Processing Co., Ltd.

  Location             149/34 Soi Anglo Plaza, Surawongse Rd., Kwaeng
                       Suriyawongse, Bangrak, Bangkok 10500, Thailand.

  Telephone, Facsimile Phone: (662) 634-2282-6 Fax: (662) 634-2287

  Business Type        Conduct business buying-selling, distributer
                       (Export) Frozen Sweet Corn.

  Registered Capital   Ordinary share 12,000,000 shares of each 10
                       bahts/share total 120,000,000.00 bahts.

  Paid-up Capital      Ordinary share 12,000,000 shares of each 10
                       bahts/share, paid up 30,000,000.00 bahts.

  Percentage of        100 % by the company.
  Shareholding         
  -------------------- --------------------------------------------------

Other referred juristic persons

+------------------+---------------------------------------------------+
| Registrar        | Thailand Securities Depository Co., Ltd.          |
|                  |                                                   |
|                  | 62 The Stock Exchange of Thailand Building,       |
|                  | 4,6-7^(th) Floor, Rachadapisek Road, Kwaeng       |
|                  | Klongtoey, Khet Klongtoey, Bangkok                |
|                  | 10110,Thailand.                                   |
|                  |                                                   |
|                  | Tel.(662)229-2800,654-5599 Fax.(662)359-1262-3    |
+------------------+---------------------------------------------------+
| Auditor          | Miss Nongram Laoha-areedilok,C.P.A.(Thailand)     |
|                  | No.4334 or                                        |
|                  |                                                   |
|                  | Miss Chamaporn Rodloytuk,C.P.A.(Thailand) No.9211 |
|                  |                                                   |
|                  | AST Master Office of 790/12 Thonglor Tower, Soi   |
|                  | Tonglor 18, Sukhumvit Road 55, Kwaeng Klongtoey,  |
|                  | Khet Wattana, Bangkok 10110, Thailand.            |
|                  | Tel.(662)381-5716, 381-8016                       |
+------------------+---------------------------------------------------+
| Legal Advisor    | Mr. Wanchandr Sivaboonyawongs,                    |
|                  |                                                   |
|                  | Wisal & Associates Law Co., Ltd. 83-85 Soi Anuman |
|                  | Rajathon, Dejo Road, Khet Bangrak, Bangkok 10500, |
|                  | Thailand. Tel.(662)266-8217-8                     |
+------------------+---------------------------------------------------+
| Financial        | Siam Commercial Bank Public Co., Ltd.             |
| Institution      |                                                   |
|                  | Mizuho Corporate Bank, Ltd. – Bangkok Office.     |
|                  |                                                   |
|                  | Thanachart Bank                                   |
+------------------+---------------------------------------------------+

SUMMARY FINANCIAL INFORMATION OF THE COMPANY Financial Statements (
Unit: Thousand Baht )

  ------------------------- -------------- ----------- ----------- ----------- ----------- -----------
  Particular                Consolidated                           Separate                
                            F/S.                                   F/S.                    

                            2011           2010        2009        2011        2010        2009

  Total assets              1,273,460      1,358,830   1,305,482   1,255,746   1,345,187   1,289,365

  Total liabilities         103,188        87,860      97,415      99,707      86,466      95,083

  Shareholders’ equity      1,170,272      1,270,970   1,208,067   1,156,039   1,258,721   1,194,282

  Sale revenue              1,293,387      1,367,578   1,321,455   1,267,970   1,349,072   1,294,066

  Total income              1,317,773      1,410,874   1,336,247   1,290,896   1,388,513   1,306,608

  Gross profit              244,259        338,720     408,062     219,838     321,855     381,700

  Net profit (loss)         55,796         158,188     211,167     52,542      159,724     207,054
  ------------------------- -------------- ----------- ----------- ----------- ----------- -----------

Financial Ratio

  ------------------------- -------------- ------- ------- ---------- ------- -------
  Particular                Consolidated                   Separate           
                            F/S.                           F/S.               

                            2011           2010    2009    2011       2010    2009

  Net profit ratio per      4.31           11.57   15.98   4.14       11.84   16.00
  total income %                                                              

  Return on equity %        4.77           12.45   17.48   4.54       12.69   17.34

  Return on assets %        4.38           11.64   16.18   4.18       11.87   16.06

  Net profit(loss) per      0.15           0.42    0.55    0.14       0.42    0.54
  share Baht                                                                  

  Annual Dividend per share 0.14           0.35    0.50    0.14       0.35    0.50
  Baht                                                                        

  Book value per share Baht 3.07           3.33    3.17    3.03       3.30    3.13

  Net assets value per      3.34           3.57    3.43    3.29       3.53    3.38
  share Baht                                                                  
  ------------------------- -------------- ------- ------- ---------- ------- -------