11. CONNECTED TRANSACTIONS

11.1 The Disclosure of Connected Transactions

  ------------------ -------------------- --------------- ---------- --------
  Conflict of        Type of relationship Description     Amount     
  Interest Parties                                        (Million   
                                                          Baht)      

                                                          Year 2003  Year
                                                                     2004

  IT CITY Public     Shareholder for      - Sell products 142.78     157.77
  Company Limited    32.59%               in categories              
                                          of                         

                                          Computer,                   
                                          Printer,                   
                                          Accessories,               

                                          Spare parts and             
                                          Service                    

                                          - Outstanding   6.21       0.00
                                          receivable                 

                                          - Buy products  20.47      27.73
                                          in categories              
                                          of                         

                                          Computer,                   
                                          Printer,                   
                                          Accessories,               

                                          Spare parts and             
                                          Service                    

                                          - Outstanding   0.11       1.16
                                          payable                    

  AET Computer Co.,  Shareholder for      - Sell products 0.00       37.78
  Ltd.               49.00%               in categories              
                                          of                         

                                          Computer,                  
                                          Printer,                   
                                          Accessories,               

                                          and Components             

                                          - Outstanding   0.00       22.17
                                          receivable                 

                                          - Buy products  0.00       17.98
                                          in categories              
                                          of                         

                                          Computer,                  
                                          Printer,                   
                                          Accessories,               

                                          and Components             

                                          - Outstanding   0.00       15.64
                                          payable                    

  Advanced Research  - Mr. Min Intanate   - Sell products 29.57      7.65
  Group Co.,Ltd.     is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a major           service                    
                     shareholder for                                 

                     53.30% and           - Outstanding   12.86      0.03
                     authorized director  receivable                 
                     of Advanced                                     

                     Research Group Co.,  - Consulting    4.59       8.59
                     Ltd.                 service fees               

                                          - Outstanding   0.40       0.55
                                          payable                    

  Central Credit     - Mr. Min Intanate   - Sell products 0.69       0.13
  Information        is a No.2            in categories              
  Service            shareholder          of                         

   Co., Ltd.         for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of Central Credit    - Outstanding   0.23       No
                     Information Service  receivable                 

                       Co., Ltd.          - Other         No         No
                                          Marketing                  
                                          expenses                   

                                          - Outstanding   No         No
                                          payable                    

  Core & Peak        - Mr. Min Intanate   - Sell products 2.02       2.02
  Co.,Ltd.           is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     3% and                                          

                     acts as authorized   - Outstanding   0.06       0.06
                     director of Core &   receivable                 
                     Peak                                            

                       Co., Ltd.          - Other         26.92      26.92
                                          Marketing                  
                                          Expenses                   

                                          - Outstanding   5.86       7.58
                                          payable                    

  Keppel             - Mr. Min Intanate   - Sell products No         No
  Communication      is a No.2            in categories              
  (Thailand)         shareholder          of                         

  Co., Ltd.          for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a share3holder    Service                    
                     for 51%                                         

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of Keppel                                       

                     Communication        - Consulting    7.90       1.37
                     (Thailand) Co., Ltd. service fees               

                                          - Outstanding   0.11       0.12
                                          payable                    

  Sakura Internet    - Mr. Min Intanate   - Sell products 0.66       0.67
  Co., Ltd.          is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of Sakura Internet   - Outstanding   0.07       0.06
                     Co., Ltd.            receivable                 

                                          - Other         No         No
                                          Marketing                  
                                          Expenses                   

                                          - Outstanding   No         No
                                          payable                    

  Data One Asia      - Mr. Min Intanate   - Sell products 0.12       0.16
  (Thailand) Co.,    is a No.2            in categories              
  Ltd.               shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of DataOne Asia      - Outstanding   No         No
                     (Thailand) Co., Ltd. receivable                 

                                          - Consulting    4.28       6.72
                                          service fees               

                                          - Outstanding   1.04       0.47
                                          payable                    

  Business Online    - Mr. Min Intanate   - Sell products 13.50      6.14
  Co., Ltd.          is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of Business Online   - Outstanding   6.34       1.72
                     Co., Ltd.            receivable                 

                                          - Online        0.56       0.50
                                          information                
                                          service fee                

                                          - Outstanding   0.01       No
                                          payable                    

  Pro Management     - Mr. Min Intanate   - Sell products No         No
  Solution Co., Ltd. is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     50%                                             

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     Pro Business         - Rental and    0.26       0.04
                     Solution Co., Ltd.   Service fees               

                                          - Outstanding   0.01       No
                                          payable                    

  Pro Business       - Mr. Min Intanate   - Sell products No         No
  Development Co.,   is a No.2            in categories              
  Ltd.               shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     50%                                             

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     Pro Business         - Rental and    0.11       No
                     Development Co.,     Service fees               
                     Ltd.                                            

                                          - Outstanding   No         No
                                          payable                    

  Pro Multi Service  - Mr. Min Intanate   - Sell products No         No
  Co., Ltd.          is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                  
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and            
                     is a shareholder for Service                    
                     50%                                             

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     Pro Multi Service    - Other         No         0.21
                     Co., Ltd.            marketing                  
                                          expenses                   

                                          - Outstanding   No         0.02
                                          payable                    

  A.R. Business      - Mr. Min Intanate   - Sell products 0.83       0.11
  Press Co., Ltd.    is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of A.R. Business     - Outstanding   No         No
                     Press Co., Ltd.      receivable                 

                                          - Other         0.35       0.25
                                          marketing                  
                                          expenses                   

                                          - Outstanding   No         0.05
                                          payable                    

  A.R. Information   - Mr. Min Intanate   - Sell products 1.42       2.90
  and Publication    is a No.2            in categories              
  Co., Ltd.          shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     5%                                              

                     and acts as          - Outstanding   0.06       0.01
                     authorized director  receivable                 
                     of                                              

                     A.R. Information &   - Other         2.69       3.79
                     Publication Co.,     marketing                  
                     Ltd.                 expenses                   

                                          - Outstanding   No         0.75
                                          payable                    

  A.R. Accounting    - Mr. Min Intanate   - Sell products 0.20       0.13
  and Consultant     is a No.2            in categories              
  Co., Ltd.          shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     0.5%                                            

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     A.R. Accounting and  - Consulting    0.05       0.18
                     Consultant Co., Ltd. service fees               

                                          - Outstanding   No         No
                                          payable                    

  ASYS Technology    - Mr. Min Intanate   - Sell products No         No
  Co.,Ltd.           is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of A.R. Accounting   - Outstanding   No         No
                     and Consultant Co.,  receivable                 
                     Ltd.                                            

                                          - Buy products              
                                          in categories              
                                          of                         

                                          Computer,                  
                                          Printer,                   
                                          Accessories,               

                                          Spare parts and No         No
                                          Service                    

                                          - Outstanding   No         No
                                          payable                    

  ACERTS Co.,Ltd.    - Mr. Min Intanate   - Sell products 6.02       1.01
                     is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     acts as authorized   Service                    
                     director                                        

                     of ACERTS Co., Ltd.  - Outstanding   No         1.01
                                          receivable                 

                                          - Buy           No         2.51
                                          equipments of              
                                          IT system                  

                                          - Outstanding   No         No
                                          payable                    

  ANEW Corporation   - Mr. Min Intanate   - Sell products No         No
  Co.,Ltd.           is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     11.20%                                          

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     ANEW Corporation     - IT service    No         No
                     Co., Ltd.            fees                       

                                          - Outstanding   No         No
                                          payable                    

  ANET Co.,Ltd.      - Mr. Min Intanate   - Sell products 3.82       5.22
                     is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     0.1%                                            

                     and acts as          - Outstanding   2.54       0.02
                     authorized director  receivable                 
                     of                                              

                     ANET Co., Ltd.       - Internet      4.02       1.95
                                          service fees               

                                          - Outstanding   0.20       0.25
                                          payable                    

  SVI Elastomer      - Mr. Min Intanate   - Personnel     0.21       0.19
  Co.,Ltd.           is a No.2            service fees               
                     shareholder                                     

                     for 14.53% of SVOA    - Outstanding  0.02       0.02 
                     Plc.                 receivable                 

                     - Mr. Min Intanate   - Other         No         No 
                     is a shareholder for Marketing                  
                     0.1%                 expenses                   

                     and acts as          - Outstanding   No         No
                     authorized director  payable                    
                     of                                              

                     SVI Elastomer Co.,                              
                     Ltd.                                            

  ITIT Co.,Ltd.      - Mr. Min Intanate   - Sell products 0.47       3.63
                     is a No.2            in categories              
                     shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     9.8%                                            

                     and acts as          - Outstanding   0.04       0.44
                     authorized director  receivable                 
                     of                                              

                     ITIT Co., Ltd.       - Other         1.04       6.24
                                          training                   
                                          expenses                   

                                          - Outstanding   0.05       0.05
                                          payable                    

  AFOLEC             - Mr. Min Intanate   - Sell products 0.90       No
  Communication      is a No.2            in categories              
  Co.,Ltd.           shareholder          of                         

                     for 14.53% of SVOA   Computer,                   
                     Plc.                 Printer,                   
                                          Accessories,               

                     - Mr. Min Intanate   Spare parts and             
                     is a shareholder for Service                    
                     51%                                             

                     and acts as          - Outstanding   No         No
                     authorized director  receivable                 
                     of                                              

                     AFOLEC Communication - Rental, other 1.32       1.18
                     Co., Ltd.            office service             
                                          fees                       

                                          - Outstanding   0.06       No
                                          payable                    
  ------------------ -------------------- --------------- ---------- --------

11.2 Necessity and Rationale of related parties transaction

According to connected transactions, Company’s policy is to determine
prices of products and services by taking into consideration of ultimate
benefit plus adding up the appropriate margin consistent with the
competitive situation.

VIEW OF THE AUDIT COMMITTEE

Members of the Audit Committee of Company have considered the
information relating to the above Connected Transactions and agreed that
the Connected Transactions are reasonable and have resulted from market
price or fair price and they are not different from those bought and
sold with outsiders.

11.3 PROCEDURES TO APPROVE CONNECTED TRANSACTIONS

Procedures to approve connected transactions are similar to those of
other transactions approval. That is, they will have to be scrutinized
for the correctness and appropriateness of each transaction prior to the
approval from the connected management. In case of conflict of interest
in any transaction, the persons potentially subject to such matter must
give up their right to approve such transaction.

4.  FUTURE TREND CONNECTED TRANSACTIONS

It depends on the competitive situation of each business category in the
future. The market price mechanism will be the major factor which
determines future trend of connected transactions.

11.5 CONFLICTS OF INTEREST BY ANY PERSONS HOLDING SHARES EXCEEDING TO 5%
IN SUBSIDIARY COMPANY OR ASSOCIATED COMPANY

None