4. Capital and Shareholdings

(1) Capital

Pato Chemical Industry has a registered capital of Bt 140,000,000 (one
hundred and forty million Baht), of which Bt. 14,000,000 ( fourteen
million ) is paid-up capital. There are 14,000,000 shares, valued at Bt.
10 per share.

Pato Chemical Industry invests in an affiliate, Acron Plastic Industry
Co., Ltd. which manufactures and distributes acrylic sheets.

+------------------+-----------+---+------------------+-------------------+
|   Date           | Na        |   |                  |   Holding Ratio   |
|                  | tionality |   |                  |                   |
|                  |           | I |                  |                   |
|                  |           | n |                  |                   |
|                  |           | v |                  |                   |
|                  |           | e |                  |                   |
|                  |           | s |                  |                   |
|                  |           | t |                  |                   |
|                  |           | m |                  |                   |
|                  |           | e |                  |                   |
|                  |           | n |                  |                   |
|                  |           | t |                  |                   |
|                  |           | s |                  |                   |
|                  |           | ( |                  |                   |
|                  |           | B |                  |                   |
|                  |           | a |                  |                   |
|                  |           | h |                  |                   |
|                  |           | t |                  |                   |
|                  |           | ) |                  |                   |
+------------------+-----------+---+------------------+-------------------+
| 31 December 1995 | Thai      |   |   30,000,000     |   100%            |
+------------------+-----------+---+------------------+-------------------+
| 31 December 1996 | Thai      |   |   37,200,000     |   62%             |
+------------------+-----------+---+------------------+-------------------+
| 31 December      | Thai      |   |   37,200,000     |   47.27%          |
| 1997-99          |           |   |                  |                   |
+------------------+-----------+---+------------------+-------------------+
| 31 December 2000 | Thai      |   |   51,200,000     |   47.41%          |
+------------------+-----------+---+------------------+-------------------+

Shareholder Equity as of 31 December 2000

  ---------------------------------------- ------------------------------
                                           Unit : Thousand Baht

                                           Amount

  Registered Capital                       140,000,000.00

  Paid Up Capital                          140,000,000.00

  Retain Earning                           42,759,325.00

  Legal Reserve                            14,000,000.00

  Shareholder Equity                       317,759,325.00

  Book Value(Per Share)                    22.70

  Par Value (Per Share)                    10.00
  ---------------------------------------- ------------------------------

(2) Shareholders Structure

+---------------------+--------+---------+-------+----------+--------+
| Shareholders        | Natio  | Number  | Perce | Number   | Perc   |
|                     | nality | of      | ntage | of       | entage |
|                     |        | Shares  |       | Shares   |        |
|                     |        |         |       |          |        |
|                     |        | As of   |       | As of    |        |
|                     |        | 0       |       | 31/12/00 |        |
|                     |        | 4/04/00 |       |          |        |
+---------------------+--------+---------+-------+----------+--------+
| 1. Trillit Group    | Thai   | 3,      | 25.17 | 3        | 26.74  |
|                     |        | 522,500 |       | ,744,100 |        |
+---------------------+--------+---------+-------+----------+--------+
| 3. Finansa Ltd.     | Am     | 1,      | 13.78 | 0        | -      |
|                     | erican | 929,100 |       |          |        |
+---------------------+--------+---------+-------+----------+--------+
| 4. Ancom Berhad     | Mal    | 1,      | 10.50 | 1        | 10.50  |
|                     | aysian | 470,000 |       | ,470,000 |        |
+---------------------+--------+---------+-------+----------+--------+
| 5. Nissho Iwai      | Ja     | 1,      | 10.00 | 2        | 20.00  |
| Corp.               | panese | 400,000 |       | ,800,000 |        |
+---------------------+--------+---------+-------+----------+--------+
| 6. Pojanalai Group  | Thai   | 1,      | 9.57  | 1        | 10.84  |
|                     |        | 340,000 |       | ,518,000 |        |
+---------------------+--------+---------+-------+----------+--------+
| 7.Pratarnpornsak    | Thai   | 1,      | 7.60  | 1        | 7.60   |
| Group               |        | 064,000 |       | ,064,000 |        |
+---------------------+--------+---------+-------+----------+--------+
| 8. Wesaratchawest   | Thai   | 1,      | 7.57  | 1        | 7.57   |
| Group               |        | 059,400 |       | ,059,400 |        |
+---------------------+--------+---------+-------+----------+--------+
| 9. Cheongwiwatkit   | Thai   | 889,000 | 6.35  | 889,000  | 6.35   |
| Group               |        |         |       |          |        |
+---------------------+--------+---------+-------+----------+--------+
| 10.Others           |        | 1,      | 9.46  | 1        | 10.40  |
|                     |        | 326,000 |       | ,455,500 |        |
+---------------------+--------+---------+-------+----------+--------+
| Total               |        | 14,     | 1     | 14       | 100.00 |
|                     |        | 000,000 | 00.00 | ,000,000 |        |
+---------------------+--------+---------+-------+----------+--------+

Note : 1. Grouping by family name including spouse, sons and daughters,
and siblings

2. Finansa Ltd is a merchant bank registered in Thailand. Finansa is
fund manager of Siam Investment Fund who is major shareholder of Pato.
MGTB Nominee Ltd. Is 100% shareholders of the Fund.

3. Ancom Berhad is a listed company on the Stocks market in Malaysia
with fully integrated business such as :

3.1 Agricultural Chemical

3.2 Industrial Chemical

3.3 Engineering Consultancy on Gas and Petrol

3.4 Real Estate

3.5 Sea Transportation

Ten Major Shareholders are

Malaysia Nominees (Tempatan) Sdn. Bhd. 13.62%

Y Bhg Dato’s Siew Nim Chee 8.89%

Lembaga Urasan Dan Tabung Haji 8.84%

Pacific Nominees (Asing) Sdn. Bhd. 7.60%

Pacific & Orient Insurance Co. Bhd. 4.91%

Pacific & Orient Bhd. 4.49%

Mr.Siew Ka Wei 3.15%

Finad Nominees Sdn. Bhd. 3.33%

OSK Nominees (Asing) Sdn. Bhd. 2.76%

Mr.Wong Thean Yew 2.59%

4. Nissho Iwai Corp. is a major trading company listed in the stock
market of Japan with 81 branches worldwide. Major businesses are :

1.  Metal Department

2.  Construction Department

3.  Telecomunication ,Transportation and vehicle Department

4.  Consuming Product, House Decoration, Food and Textile Department

5.  Financial Institution, Insurance, Precious Stone

Shareholders’ Structure : Financial Institution 67.56%

Juristic Person 12.03%

Minor Shareholders 12.83%

Foreigners 7.58%

(3) Policy on Dividend Payment

1. Pato Chemical Industry Plc. expects to pay dividend to shareholders
not less than 40% of net profit

2. Acron Plastic Industry expects to pay dividend to shareholders not
less than 50% of net profit.