8. Capital Structure

1.  Securities issued by the Company

-   Debt Securities: None

-   Equity Securities:

  Authorized Shares: 300 million ordinary shares with the par value of
  Baht 10 per share.

  Issued Shares: 250 million ordinary shares.

  Shares repurchased and

  held in treasury: 20 million ordinary shares

  Issued and

  Outstanding Shares: 230 million ordinary shares

-   Derivatives: None

  8.2 Shareholders of the Company

The top 10 major shareholders are as follows:

  ----- ------------------------------------- --------------- -------------
  No.   Shareholders                          Number of       Percentage
                                              Shares Held     (%)

  1.    The Ratanarak’s and Sunrise Equity    86,494,076      37.61
        Company Limited                                       

  2.    Thai Roc-Cem Company Limited          77,628,433      33.75

  3.    DBS Vickers Securities (Singapore)    8,340,600       3.63
        PTE Limited                                           

  4.    Parkmix Limited – JPMSAPL Client A/C  7,051,100       3.07

  5.    Ayudhya Insurance Public Company      4,068,800       1.77
        Limited                                               

  6.    Littledown Nominees Limited 9         3,348,724       1.46

  7.    HSBC (Singapore) Nominees PTE Limited 3,335,748       1.45

  8.    Goldman Sachs & Company               2,376,600       1.03

  9.    Vayupak Mutual Fund I by MFC Asset    2,254,000       0.98
        Management Public Company Limited                     

  10.   Vayupak Mutual Fund I by Krungthai    2,254,000       0.98
        Asset Management Public Company                       
        Limited                                               
  ----- ------------------------------------- --------------- -------------

Remarks:

i)  Pursuant to the SEC’s requirement, the shareholder list was
    rearranged by treating the shareholders who are de facto deemed to
    be in the same group as one shareholder and the ranking is conducted
    accordingly. The proportion of the equity interest of each top ten
    major shareholder is shown in percentage of the total issued and
    outstanding shares amounting 230 million shares.

ii) The above rearrangement of top 10 major shareholders was made of the
    basis of the information appearing of the list of shareholders of
    the company as of 8 September 20

iii) The shareholders deemed belonging to the Ratanarak’s and Sunrise
     Equity Company Limited are as follows:

+---------------------------------+----------------------+-------------+
| Shareholders                    | Number of Shares     | Percentage  |
|                                 | held                 | (%)         |
+---------------------------------+----------------------+-------------+
| 1.Sunrise Equity Company        | 80,065,840           | 34.81       |
| Limited                         |                      |             |
+---------------------------------+----------------------+-------------+
| 2. Mrs. Sasithorn Ratanarak     | 2,085,040            | 0.91        |
+---------------------------------+----------------------+-------------+
| 3. Ms. Pilarnuj Ratanarak       | 1,439,742            | 0.63        |
+---------------------------------+----------------------+-------------+
| 4. Mr. Chachchon Ratanarak      | 1,032,540            | 0.449       |
+---------------------------------+----------------------+-------------+
| 5. Ms. Suthida Ratanarak        | 892,027              | 0.39        |
+---------------------------------+----------------------+-------------+
| 6. Ms. Chituma Ratanarak        | 637,050              | 0.28        |
+---------------------------------+----------------------+-------------+
| 7. Ms. Tatchamas Ratanarak      | 310,389              | 0.13        |
+---------------------------------+----------------------+-------------+
| 8. Mr. Chuan Ratanarak          | 25,588               | 0.01        |
+---------------------------------+----------------------+-------------+
| 9. Mr. Krit Ratanarak           | 5,860                | 0.003       |
+---------------------------------+----------------------+-------------+
| Total of number of shares held  | 86,494,076           | 37.61       |
| by                              |                      |             |
|                                 |                      |             |
| The Ratanarak’s and Sunrise     |                      |             |
| Equity Company Limited          |                      |             |
+---------------------------------+----------------------+-------------+

  8.3 Dividend Payment Policy The payout to the shareholders of the
  Company and its subsidiaries is according to law. The Board of
  Directors’ consider the dividend payout in respect of the operating
  performance and the net income of the entire year.

    The Company’s reserve has reached 10 per-cent of its registered
    capital Accordingly to the law requirement. The Board of Directors
    always ensures that there are enough profits to make interim
    payments and annual dividend allocations.

Over the past three years dividend payments have been in the range of 13
– 14 baht per share as follows:

  For fiscal year 2006, total dividend was 14 baht per share

-   The Board of Directors approved payment of interim dividend on
    August 10, 2006 for 6.5 baht per share

-   The Shareholders approved payment of dividend for the second half of
    2006 on March 14, 2007 for 7.5 baht per share.

  For fiscal year 2005, total dividend was 14 baht per share

-   The Board of Directors approved payment of interim dividend on
    September 1, 2005 for 6.5 baht per share

-   The Shareholders approved payment of dividend for the second half of
    2005 on March 30, 2006 for 7.5 baht per share.

  For fiscal year 2004, total dividend was 13 baht per share

-   The Board of Directors approved payment of interim dividend on
    September 2, 2004 for 6 baht per share

-   The Shareholders approved payment of dividend for the second half of
    2004 on April 28, 2005 for 7 baht per share.