1.  RISK FACTOR

    1.  Business conduction

  For profit concerns of the Company, a strategy to tighten up the
  commercial acceptance (price/payment/warranty term etc) from
  customer’s business is in place. It bears with certain degree of risk
  for not enough business to feed the operation.

  However, an optimized strategy to balance out business loading versus
  capacity arrangement is available to back up in case it happens.

2.  Reliance on single product

  The Company manufactures and distributes only computer monitors. In
  order to minimize the risk from reliance on single product, the
  management has extended/added new product line of LCD multi-media in
  addition to monitor display.

3.  Financial and foreign exchange risk

    In 2001, the Company had gain from exchange rate approximately Baht
    53 million, which resulted from the translation of foreign
    currencies of the balance sheet items from the weakening of Thai
    Baht against US dollar. The exchange gain was included in operation
    results.

    The Company does not have any measurements to protect the impact
    from the fluctuation of the foreign exchange because the Company
    sells solely in US$ currency and the Company buys most of its
    components in US$ currency as well. Thus, gain or loss that may
    arise from these transactions will be offset and have limited
    impact.

    However, the Company may have a gain or loss resulted from
    translation of balance sheet items in foreign currencies as at the
    balance sheet date. This translation is made in accordance with the
    general accounting standards. For example, if the Baht at one period
    end is stronger, the balance sheet items in foreign currencies will
    be converted and a foreign exchange translation loss will be
    incurred. If the Baht is weaker, the foreign exchange translation
    gain will be incurred.

4.  Raw materials risk

    As newly added product lines of LCD multi-media are planned onto
    year 2002 which involves with the various worldwide broadcasting
    tuner system per region. It therefore creates risk of tuner related
    material exposures when market condition gets changed.

    As such a concern, management team has provided a direction to
    engineering team for two-step plans.

    Step 1 is to work out two versions of tuner-system (PAL and NTSC) to
    cover/meet global requirement.

    Step 2 is to design out one worldwide multi-tuner system for all
    regions.

5.  Reliance on major customer

  From the past to 2001, the Company had a Japanese customer, Sony
  Corporation, as its major customer. For the year 2001, the Company
  sold to this customer a total of Baht 4.76 billion or 87.65% of total
  sales. Sony Corporation terminated the engagement with the Company in
  producing the computer monitors since October 1, 2001 as consequence
  of their decision to discontinue with small-middle size monitors.

  To reduce the risk from reliance on major customer in future, the
  Company has strategy for customer base to spread over the territories
  including US, Europe, Japan and Asia Pacific in 2002.

6.  Risk of having a major shareholder (holding more than 75 percent)

  The major shareholder of the Company comprises the companies within
  the group of The Grande Holdings Limited, holding in aggregate
  1,163.03 million shares or 83.02 percent of the total issued shares in
  the Company. The shareholding of more than 75 percent effectively
  allows this major shareholder to have control over the Company in
  relation to matters requiring the approval of the shareholders. As a
  result, there is a risk to minority shareholders that they are unable
  to vote down the matters proposed by this major shareholder. However,
  this does not apply to the case where this major shareholder is an
  interested shareholder and must abstain from voting or where the
  regulations of the SEC or the SET provides for the veto right of the
  minority shareholders.