11. Related Parties and Connected Transaction.

1.Space Rent

  ---------------------- ------------------------ ------------------------
  Company                Company                  Connected Transaction

  Pato Chemical Industry Kentex Properties Co,Ltd Pato rents office space
  Plc.                                            in Pato Building, which
                                                  belongs to Kentex
                                                  Properties Co.,Ltd.
  ---------------------- ------------------------ ------------------------

  --------------- --- ----------------------------------------------------
  Location        :   Pato Building, 3388 New Petchburi Road Bangkapi,
                      Huay Kwang, Bangkok 10320

  Building        :   Kentex Properties Co Ltd (a related company)
  ownership           

  Significant     :   Pato Chemical Industry Plc rents the first floor of
  Content of the      the building with usable space of 230 sq.metre
  rent contract       Monthly rental fee is baht 30,000. The contract
                      begins from 1 June 1991 to 31 May 2021. Rental fees
                      is adjustable every 2 years. Each adjustment shall
                      not exceed 25% of the prevailing rental rate.
  --------------- --- ----------------------------------------------------

Note: Both rent contracts indicate that landlord will be responsible for
the household and property taxes based on the actual rental fee
received. Any other tax and duty including utilities expenses will be
responsible by the renter only.

  Opinion of Independent Directors

2 February 2003

We have audited the contract between Pato Chemical Industry Plc and
Kentex Properties Co Ltd to rent office space. However, Pato Chemical
Industry Plc has been using the space on the first and second floor
totaled 334 sq.meters. Apart from this, Pato has a meeting room on the
third floor with the area of 40 sq.meters. At present, the rent
contracts have not yet been amended according to the space utilized.

For your information, rental fee of the office building around New
Petchburi Road area at present ranges from Baht 150-450 per sq. meter
per month.

Yours sincerely

......................................................................................................

(Mr Lertchai Leelayonkul) (Dr Chongrak Prichanont)

2. Bank Guarantee

The board of directors meeting of Pato Chemical Industry Public Co.,Ltd.
No. 1/1999 on 5 January 1999 has pass the resolution to provide bank
guarantee to related company , Acron Plastic Industry Co.,Ltd. or
presently called Plastic Precision Industry co.,ltd as follows :

+----------+--------+-----------+--------------+---------------------+
| Bank     | Type   | Credit    | Balance as   | Collateral          |
|          | of     | Line      | at December  |                     |
|          | Loan   |           | 31, 2002     |                     |
|          |        | (Million  |              |                     |
|          |        | Baht)     |              |                     |
+----------+--------+-----------+--------------+---------------------+
| Bangkok  | L/G    | -         | 7.98         | Pato Chemical Ind.  |
| Bank     |        |           |              | Plc                 |
| Public   |        |           |              |                     |
| Co.,Ltd. |        |           |              |                     |
|          |        |           |              |                     |
| (Head    |        |           |              |                     |
| Office)  |        |           |              |                     |
+----------+--------+-----------+--------------+---------------------+

3. Loan to Related Company

Annual General meeting of shareholders No.1/2001 on the 23^(rd) April
2001 passed a resolution to provide 10 million baht loan facility to
Plastic Precision Industry Co.,Ltd. so as to liquidate cash flow of the
company. Interest rate applied range from 2-7.5% per year. The loan as
of December 31, 2002 was 11.75 million baht. The loan was indicated
under note No.7 of the 2002 year-end financial statement of the company
as “non-current assets” .