Other Documents

Report of the Audit Committee

As at 31 October 2008, the Audit Committee comprising of Mr. Pramoon
Vichiensin, Chairman of the Audit Committee; Pol. Gen. Boonpen
Bumpenboon, Audit Committee; and Mr. Sitti Leelakasamelurk, Audit
Committee had 4 meetings with the certified public accountant and
related management to acknowledge results of the corporate operation and
audits conducted by the certified public accountant and internal
auditors.

In accounting period 2008, the Audit Committee reviewed the following
major areas:

Financial Statements as at 31 October 2008: Quarterly audit results and
annual financial statement audit results were reviewed. The Deputy
Managing Director—Finance and Accounting, and certified public
accountant reported that the Company’s financial statements were fairly
presented in accordance with generally accepted accounting principles
and regulations issued by the Stock Exchange of Thailand and the
Securities and Exchanged Commission for listed companies.

Corporate Governance: The Board of Directors and management emphasize
corporate governance to enhance confidence among shareholders and all
related parties, also appoint the Nomination and Remuneration Committee
to recommend and propose the appropriate management and remuneration
structure to meet target of Board of Director’s plan.

Related Party Transaction:

Related party transactions which may cause conflicts of interest are
fairly disclosed and perfectly normal as corporate governance has been
practiced.

Risk Management:

The Board of Directors and management realize the important of risk
management. Corporate employees are trained for effective risk
management which covers all aspects that may affect the Company’s
operation in both short and long terms. The Risk Management Committee
also appointed to recommend and determine overall risk management in
consistency with corporate and shareholder benefit in the long terms.

Internal Control:

The Audit Committee reviewed the asset control, allowance for
uncollectible, raw material purchases, inventories, payments,
withholding tax deduction, and personnel. The Company’s control is
considered effective. The internal auditors recommended more appropriate
and efficient methods for the Company’s asset control and inventories.

Financial Statements 2008:

The Audit committee proposed to the annual general meeting Ms. Praphasri
Leelasupha, Certified Public Accountant (Thailand) Number 4664, or
Ms.Sansanee Poolsawat, Certified Public Accountant (Thailand) Number
6977 of Sam Nak-Gnan A.M.C Co., Ltd. as an independent auditor for
another term. 0

  (Mr. Pramoon Vichiensin)

Chairman of the Audit Committee

Report of the Nomination and Remuneration Committee

The Nomination and Remuneration Committee was appointed by the Board of
Directors on November 1, 2006 to serve for a period of two years. The
following are three members of the committee:

1. Pol. Lt. Gen. Boonpen Bumpenboon Chairman

2. Mr. Pramoon Vichiensin Director

3. Ms. Duangdao Chinthammit Director

The Nomination and Remuneration Committee is in charge of seeking
qualified individuals to serve as directors in the corporate Board of
Directors and committees appointed by the Board directly. It also
engages in considering corporate directors’ remunerations and proposing
them to the Board. In 2008, the Nomination and Remuneration Committee
had one meeting on October 29, 2008.

In proposing individuals to serve as directors in the Board of Directors
and committees, the Nomination and Remuneration Committee considers
their qualifications, knowledge, competency, skills, experiences,
expertise in various fields, leadership, vision, and attitudes that are
supportive to the Company’s operations. The committee also ensures that
the size, structure and components of the Board of Directors are
sufficient for corporate governance and effective management, as well as
in line with the government’s regulations and dynamic environments.

To determine remunerations for the Board and committees, the Nomination
and Remuneration Committee considers their responsibilities,
assignments, performance, corporate operating results, business
environments, other factors that may affect the Company’s businesses, or
the economy.

As at October 31, 2008, the Board of Directors was composed of four
independent directors, three non-executive directors, and 12 executive
directors. Directors and executives’ remunerations shown in the
Remunerations of the Board of Directors and Executives in 2008 section
have been reviewed and considered to be appropriate by the Nomination
and Remuneration Committee. Such remunerations have been further
considered and approved by the Board of Directors.

  Pol. Lt. Gen. Boonpen Bumpenboon)

  Chairman of the Nomination and Remuneration Committee

Report of the Risk Management Committee

The Risk Management Committee comprises of Mr. Somchat
Chinthammit--Chairman of the Risk Management Committee, Mr. Sitti
Leelakasemlurk and Mr. Chalush Chinthammit, and directors of the Risk
Management Committee.

As at 31 October 2008, the Risk Management Committee had 2 meetings
where all of the committee members were physically present. The
Committee reviewed risks and effects from internal and external factors
including the Company's finance, reputation, operations, customer
satisfaction and employees. To outline risk management policies and
establish risk management system, it has carried out studies and
consulted risk management advisors. Employees and management were
trained by experts for primary risk management.

In the previous year, the Risk Management Committee closely monitored
and considered adequacy and suitability of corporate risk management.
Reports were regularly presented to the Board of Directors to ensure
confidence in the Company's operations.

(Mr. Somchat Chinthammit)

Chairman of the Risk Management Committee