8. 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. 140,000,000 (one hundred
and forty million Baht) is paid-up capital. There are 14,000,000 shares,
valued at Bt. 10 per share. Pato Chemical Industry invests in an
affiliated company, Acron Plastic Industry Co., Ltd. which manufactures
and distributes acrylic sheets. Presently the company has changed its
name to Plastic Precision Industry Co.,Ltd. and is under restructuring
plan. It is expected to start commercial operation in Q3 of 2004 to
produce extruded PMMA sheets and coating of all types of cast and
extruded plastics.

+------------------+-----------+------------------+-------------------+
|   Date           | Na        |   I              |   Holding Ratio   |
|                  | tionality | nvestments(Baht) |                   |
+------------------+-----------+------------------+-------------------+
| 31 December      | Thai      |   37,200,000     |   47.27%          |
| 1997-99          |           |                  |                   |
+------------------+-----------+------------------+-------------------+
| 31 December 2000 | Thai      |   51,200,000     |   47.41%          |
+------------------+-----------+------------------+-------------------+
| 31 December 2001 | Thai      |   531,923        |   4.93%           |
+------------------+-----------+------------------+-------------------+
| 31 December 2002 | Thai      |   531,923        |   4.93%           |
+------------------+-----------+------------------+-------------------+
| 31 December 2003 | Thai      |   531,923        |   4.93%           |
+------------------+-----------+------------------+-------------------+

Shareholder Equity as of 31 December 2003

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

                                           Amount

  Registered Capital                       140,000

  Paid Up Capital                          140,000

  Retain Earning                           45,577

  Legal Reserve                            14,000

  Shareholder Equity                       334,577

  Book Value(Per Share)                    23.90

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

(2) Shareholders Structure

+-----------------------+---------------+------------+----------------+
| Shareholders          | Nationality   | Number of  | Percentage     |
|                       |               | Shares     |                |
|                       |               |            |                |
|                       |               | As of      |                |
|                       |               | 31/12/03   |                |
+-----------------------+---------------+------------+----------------+
| 1.Trillit Group       | Thai          | 3,814,100  | 27.24          |
+-----------------------+---------------+------------+----------------+
| 2. NN Chemical Corp.  | Japanese      | 2,800,000  | 20.00          |
+-----------------------+---------------+------------+----------------+
| 3. Pojanalai Group    | Thai          | 1,557,000  | 11.12          |
+-----------------------+---------------+------------+----------------+
| 4. Ancom Berhad       | Malaysian     | 1,470,000  | 10.50          |
+-----------------------+---------------+------------+----------------+
| 5. Wesaratchawest     | Thai          | 1,111,600  | 7.94           |
| Group                 |               |            |                |
+-----------------------+---------------+------------+----------------+
| 6. Cheongwiwatkit     | Thai          | 850,700    | 6.08           |
| Group                 |               |            |                |
+-----------------------+---------------+------------+----------------+
| 7. Others             | Thai          | 2,396,600  | 17.12          |
+-----------------------+---------------+------------+----------------+
| Total                 |               | 14,000,000 | 100.00         |
+-----------------------+---------------+------------+----------------+

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

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

2.1 Agricultural Chemical

2.2 Industrial Chemical

2.3 Engineering Consultancy on Gas and Petrol

2.4 Real Estate

2.5 Sea Transportation

3. NN Chemical Corporation, a Japanese shareholder. Chemical department
of Nissho Iwai Corp and Nichimen Corp has been merged to from a new
corporation named NN Chemical Corporation. Major shareholder of 100% is
Global Chemical Holding Inc. with registered capital of 4,985 million
yen.

(3) Policy on Dividend Payment

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