8. Capital Structure 

1.  Capital The company has the authorized share capital amounted to THB
    500.00 million, comprising 50.0 million ordinary shares at THB
    10.00. The issued and paid-up share capital amounted to THB 210.99
    million.

  2. Major Shareholders The list of the shareholders of over 5 per cent
  of all those shares with voting right is as follows: (ranking based on
  year 2000 major shareholders)

Top 10 Major Shareholders as of December 29, 2000

+----+--------------------------------------------+----------+--------+
| Ra | Name                                       | No. of   | % of   |
| nk |                                            | Shares   | Paid   |
|    |                                            |          | C      |
|    |                                            |          | apital |
+----+--------------------------------------------+----------+--------+
| 1  | MORGAN STANLEY & CO INTERNATIONAL LIMITED  | 4        | 20.17% |
|    |                                            | ,255,795 |        |
+----+--------------------------------------------+----------+--------+
| 2  | Nation Mutimedia Group Public Company      | 4        | 19.23% |
|    | Limited                                    | ,057,841 |        |
+----+--------------------------------------------+----------+--------+
| 3  | Mr. Rit Thirakomen                         | 3        | 14.49% |
|    |                                            | ,056,926 |        |
+----+--------------------------------------------+----------+--------+
| 4  | Mr. Ekkasak Daengdej                       | 1        | 8.01%  |
|    |                                            | ,689,683 |        |
+----+--------------------------------------------+----------+--------+
| 5  | Mr. Yuen Pooworawan                        | 743,400  | 3.52%  |
+----+--------------------------------------------+----------+--------+
| 6  | TSFC Security Limited                      | 739,200  | 3.50%  |
+----+--------------------------------------------+----------+--------+
| 7  | SOMERS (U.K.) LIMITED                      | 722,633  | 3.43%  |
+----+--------------------------------------------+----------+--------+
| 8  | Mr.Pongsak Sivapatrakumpol                 | 568,170  | 2.69%  |
+----+--------------------------------------------+----------+--------+
| 9  | Mrs.Chamnien Sae Simp                      | 553,816  | 2.62%  |
+----+--------------------------------------------+----------+--------+
| 10 | Miss. Wannaporn Pooworawan                 | 462,800  | 2.19%  |
+----+--------------------------------------------+----------+--------+
|    | Total                                      | 16       | 79.85% |
|    |                                            | ,850,264 |        |
+----+--------------------------------------------+----------+--------+

(Source : THAILAND SECURITIES DEPOSITORY CO., LTD. as of December 29,
2000.)

3.  Dividend Payment Policy

  Dividend Payment Policy The company declared a policy since financial
  year 1991 to pay dividend no less than 50% of the net profit after the
  deduction of corporate income tax. The payment will be made in the
  annual general meeting of the year immediately following the operating
  year.

  Legal Reserve Policy The company, in the annual general meeting,
  formulated a policy to set up the legal reserve in accordance with the
  Public Company Limited Act 1992. The company is required to set aside
  a reserve of no less than 5% of annual net profit (adjusted by
  retained loss brought forward, if any) until this reserve grows to no
  less than 10% of the registered capital. The legal reserve cannot be
  appropriated for dividend payment.