-----------------------------------------------------------------------
  10. RELATED PARTY TRANSACTIONS

  -----------------------------------------------------------------------

1.  The related party transactions

  The related party transactions that are material with value of
  transaction exceeding THB 5.0 million that were disclosed in the notes
  to the financial statements of STA and the interested persons
  transactions that were not disclosed in the notes to the financial
  statements of STA for the financial year ended 31 December 2011 and 31
  December 2012 are as follows:

+-------+---------+--------+-------+-------+--------------+---------+
| Re    |   Relat | Type   | Value | T     | Necessity /  | Opi     |
| lated | ionship | of     | of    | ransa | Re           | nion(s) |
| Pa    |         | Trans  |       | ction | asonableness | of the  |
| rties |         | action | (THB  |       | of the       | Audit   |
|       |         |        |       | Mil   | Transaction  | Co      |
|       |         |        | Co    | lion) |              | mmittee |
|       |         |        | nsoli |       |              |         |
|       |         |        | dated | Co    |              |         |
|       |         |        |       | nsoli |              |         |
|       |         |        | FY    | dated |              |         |
|       |         |        | 2011  |       |              |         |
|       |         |        |       | FY    |              |         |
|       |         |        |       | 2012  |              |         |
+=======+=========+========+=======+=======+==============+=========+
| 1.    | -   An  | 1      | 2,6   | 1,6   | STA sold     | The     |
| SSC   |     as  | .  STA | 84.48 | 83.32 | Concentrated | price   |
|       | sociate |        |       |       | Latex to SSC | of the  |
|       |     c   | -   R  |       |       | based on the | Conce   |
|       | ompany. | evenue |       |       | market       | ntrated |
|       |         |        |       |       | price. STA   | Latex   |
|       | -   A   |   from |       |       | and          | that    |
|       |         |        |       |       | Rubberland   | STA     |
|       |   compa |    the |       |       | Products     | sold to |
|       |     ny  |        |       |       | were         | SSC was |
|       |     in  |   sale |       |       | responsible  | based   |
|       |         |     of |       |       | for          | on the  |
|       |   which |        |       |       | procuring    | market  |
|       |         | Concen |       |       | Concentrated | price   |
|       |    STH, | trated |       |       | Latex for    | that    |
|       |     the |        |       |       | SSC in       | was     |
|       |     m   |  Latex |       |       | accordance   | quoted  |
|       | ajority |        |       |       | with the     | by      |
|       |         |        |       |       | terms of the | SICOM   |
|       |    shar |        |       |       | Joint        | (Si     |
|       | eholder |        |       |       | Venture      | ngapore |
|       |     of  |        |       |       | Agreement.   | Co      |
|       |         |        |       |       |              | mmodity |
|       |    STA, |        |       |       |              | Exc     |
|       |         |        |       |       |              | hange). |
|       |   holds |        |       |       |              |         |
|       |     6%  |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | shares. |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | -   A   |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | company |        |       |       |              |         |
|       |     in  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |   which |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     V   |        |       |       |              |         |
|       | iyavood |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Sinchar |        |       |       |              |         |
|       | oenkul, |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     m   |        |       |       |              |         |
|       | ajority |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    shar |        |       |       |              |         |
|       | eholder |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     C   |        |       |       |              |         |
|       | hairman |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    STA, |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  holds, |        |       |       |              |         |
|       |     d   |        |       |       |              |         |
|       | irectly |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    indi |        |       |       |              |         |
|       | rectly, |        |       |       |              |         |
|       |     in  |        |       |       |              |         |
|       |     an  |        |       |       |              |         |
|       |     ag  |        |       |       |              |         |
|       | gregate |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  11.83% |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | shares. |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | -   Two |        |       |       |              |         |
|       |     di  |        |       |       |              |         |
|       | rectors |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    STA, |        |       |       |              |         |
|       |     who |        |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     V   |        |       |       |              |         |
|       | iyavood |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  Sincha |        |       |       |              |         |
|       | roenkul |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     K   |        |       |       |              |         |
|       | itichai |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  Sincha |        |       |       |              |         |
|       | roenkul |        |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     di  |        |       |       |              |         |
|       | rectors |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    SSC. |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 5.47  | 5.47  | STA entered  | The     |
|       |         | evenue |       |       | into an      | rate of |
|       |         |        |       |       | agreement    | service |
|       |         |   from |       |       | with SSC in  | fee     |
|       |         |        |       |       | relation to  | charged |
|       |         |    the |       |       | the          | to SSC  |
|       |         |        |       |       | provision of | was     |
|       |         |    pro |       |       | computer     | com     |
|       |         | vision |       |       | equipment    | parable |
|       |         |     of |       |       | and office   | to the  |
|       |         |        |       |       | supplies,    | market  |
|       |         | office |       |       | legal        | price   |
|       |         |     r  |       |       | services,    | rate    |
|       |         | elated |       |       | accounting   | for     |
|       |         |     se |       |       | and          | s       |
|       |         | rvices |       |       | financial    | ervices |
|       |         |        |       |       | services,    | of a    |
|       |         |        |       |       | including    | similar |
|       |         |        |       |       | export and   | nature. |
|       |         |        |       |       | import       |         |
|       |         |        |       |       | services.    |         |
|       |         |        |       |       | The service  |         |
|       |         |        |       |       | fee that was |         |
|       |         |        |       |       | charged by   |         |
|       |         |        |       |       | STA to SSC   |         |
|       |         |        |       |       | for the      |         |
|       |         |        |       |       | Bangkok      |         |
|       |         |        |       |       | branch       |         |
|       |         |        |       |       | office was   |         |
|       |         |        |       |       | Baht 50,000  |         |
|       |         |        |       |       | per month    |         |
|       |         |        |       |       | and for the  |         |
|       |         |        |       |       | Hat Yai      |         |
|       |         |        |       |       | branch       |         |
|       |         |        |       |       | office Baht  |         |
|       |         |        |       |       | 434,000 per  |         |
|       |         |        |       |       | month, same  |         |
|       |         |        |       |       | rate with    |         |
|       |         |        |       |       | year 2011,   |         |
|       |         |        |       |       | which were   |         |
|       |         |        |       |       | comparable   |         |
|       |         |        |       |       | to the       |         |
|       |         |        |       |       | market       |         |
|       |         |        |       |       | price.       |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 8.53  | 35.50 | Outstanding  | Outs    |
|       |         | counts |       |       | accounts     | tanding |
|       |         |        |       |       | receivable   | balance |
|       |         |   rece |       |       | from the     | ac      |
|       |         | ivable |       |       | sale of      | cording |
|       |         |        |       |       | field latex  | to the  |
|       |         |        |       |       | and advance  | payment |
|       |         |        |       |       | payments at  | terms   |
|       |         |        |       |       | the end of   | under   |
|       |         |        |       |       | the period.  | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and     |
|       |         |        |       |       |              | normal  |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | rece    |
|       |         |        |       |       |              | ivable. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   E  | 5     | 5     | STA          | SSC has |
|       |         | xpense | 59.10 | 63.30 | purchased    | neither |
|       |         |     in |       |       | latex        | sales   |
|       |         |     re |       |       | examination  | nor     |
|       |         | lation |       |       | gloves from  | ma      |
|       |         |     to |       |       | SSC for      | rketing |
|       |         |        |       |       | selling to   | unit    |
|       |         |    the |       |       | its domestic | for     |
|       |         |     pu |       |       | customers as | latex   |
|       |         | rchase |       |       | STA has its  | exam    |
|       |         |     of |       |       | own sales    | ination |
|       |         |        |       |       | office for   | gloves  |
|       |         |  latex |       |       | the domestic | in      |
|       |         |        |       |       | market while | T       |
|       |         |  exami |       |       | SSC does     | hailand |
|       |         | nation |       |       | not. The     | as most |
|       |         |        |       |       | purchase     | of the  |
|       |         | gloves |       |       | price of the | SSC     |
|       |         |        |       |       | latex        | sales   |
|       |         |        |       |       | examination  | came    |
|       |         |        |       |       | gloves was   | from    |
|       |         |        |       |       | comparable   | o       |
|       |         |        |       |       | to the       | verseas |
|       |         |        |       |       | wholesale    | cus     |
|       |         |        |       |       | price of     | tomers. |
|       |         |        |       |       | other latex  | For     |
|       |         |        |       |       | examination  | this    |
|       |         |        |       |       | glove        | reason, |
|       |         |        |       |       | producers in | in      |
|       |         |        |       |       | the country. | order   |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | pe      |
|       |         |        |       |       |              | netrate |
|       |         |        |       |       |              | into    |
|       |         |        |       |       |              | T       |
|       |         |        |       |       |              | hailand |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | and to  |
|       |         |        |       |       |              | m       |
|       |         |        |       |       |              | aximize |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | util    |
|       |         |        |       |       |              | ization |
|       |         |        |       |       |              | of STA  |
|       |         |        |       |       |              | res     |
|       |         |        |       |       |              | ources, |
|       |         |        |       |       |              | STA     |
|       |         |        |       |       |              | pu      |
|       |         |        |       |       |              | rchased |
|       |         |        |       |       |              | latex   |
|       |         |        |       |       |              | exam    |
|       |         |        |       |       |              | ination |
|       |         |        |       |       |              | gloves  |
|       |         |        |       |       |              | from    |
|       |         |        |       |       |              | SSC for |
|       |         |        |       |       |              | d       |
|       |         |        |       |       |              | omestic |
|       |         |        |       |       |              | sale at |
|       |         |        |       |       |              | a price |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price.  |
|       |         |        |       |       |              | STA     |
|       |         |        |       |       |              | r       |
|       |         |        |       |       |              | eceived |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | dequate |
|       |         |        |       |       |              | profit  |
|       |         |        |       |       |              | from    |
|       |         |        |       |       |              | e       |
|       |         |        |       |       |              | ntering |
|       |         |        |       |       |              | into    |
|       |         |        |       |       |              | such    |
|       |         |        |       |       |              | trans   |
|       |         |        |       |       |              | action. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 1     | 93.49 | Most of the  | Outs    |
|       |         | counts | 03.11 |       | accounts     | tanding |
|       |         |     p  |       |       | payable came | balance |
|       |         | ayable |       |       | from the     | ac      |
|       |         |        |       |       | purchase of  | cording |
|       |         |        |       |       | latex        | to the  |
|       |         |        |       |       | examination  | payment |
|       |         |        |       |       | gloves for   | terms   |
|       |         |        |       |       | domestic     | under   |
|       |         |        |       |       | sale.        | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | payable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.2    | 8     | 5     | Nam Hua      | The     |
|       |         | Nam    | 75.65 | 47.85 | Rubber sold  | price   |
|       |         | Hua    |       |       | Concentrated | of the  |
|       |         | Rubber |       |       | Latex to SSC | Conce   |
|       |         |        |       |       | at a price   | ntrated |
|       |         | -   R  |       |       | comparable   | Latex   |
|       |         | evenue |       |       | to the       | that    |
|       |         |        |       |       | market       | was     |
|       |         |   from |       |       | price, which | sold by |
|       |         |        |       |       | was the same | Nam Hua |
|       |         |    the |       |       | price as     | Rubber  |
|       |         |        |       |       | sold by STA  | to SSC  |
|       |         |   sale |       |       | and          | was     |
|       |         |     of |       |       | Rubberland   | based   |
|       |         |        |       |       | Products     | on the  |
|       |         | Concen |       |       | pursuant to  | market  |
|       |         | trated |       |       | the Joint    | price   |
|       |         |        |       |       | Venture      | that    |
|       |         |  Latex |       |       | Agreement.   | was     |
|       |         |        |       |       |              | quoted  |
|       |         |        |       |       |              | by      |
|       |         |        |       |       |              | SICOM   |
|       |         |        |       |       |              | (Si     |
|       |         |        |       |       |              | ngapore |
|       |         |        |       |       |              | Co      |
|       |         |        |       |       |              | mmodity |
|       |         |        |       |       |              | Exc     |
|       |         |        |       |       |              | hange). |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 31.34 | 3.06  | Outstanding  | Outs    |
|       |         | counts |       |       | accounts     | tanding |
|       |         |        |       |       | receivable   | balance |
|       |         |   rece |       |       | from the     | ac      |
|       |         | ivable |       |       | sale of      | cording |
|       |         |        |       |       | field latex  | to the  |
|       |         |        |       |       | and advance  | payment |
|       |         |        |       |       | payments at  | terms   |
|       |         |        |       |       | the end of   | under   |
|       |         |        |       |       | the period.  | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | rec     |
|       |         |        |       |       |              | eivable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.3    | 1,1   | 1,0   | Rubberland   | The     |
|       |         | Rubb   | 92.49 | 90.71 | Products     | price   |
|       |         | erland |       |       | sold         | of the  |
|       |         | Pr     |       |       | Concentrated | Conce   |
|       |         | oducts |       |       | Latex to SSC | ntrated |
|       |         |        |       |       | at the       | Latex   |
|       |         | -   R  |       |       | market       | sold by |
|       |         | evenue |       |       | price. The   | Rub     |
|       |         |        |       |       | Group was    | berland |
|       |         |   from |       |       | responsible  | P       |
|       |         |        |       |       | for          | roducts |
|       |         |    the |       |       | procuring    | to SSC  |
|       |         |        |       |       | Concentrated | was     |
|       |         |   sale |       |       | Latex to SSC | based   |
|       |         |     of |       |       | pursuant to  | on the  |
|       |         |        |       |       | the Joint    | market  |
|       |         | Concen |       |       | Venture      | price   |
|       |         | trated |       |       | Agreement.   | that    |
|       |         |        |       |       |              | was     |
|       |         |  Latex |       |       |              | quoted  |
|       |         |        |       |       |              | by      |
|       |         |        |       |       |              | SICOM   |
|       |         |        |       |       |              | (Si     |
|       |         |        |       |       |              | ngapore |
|       |         |        |       |       |              | Co      |
|       |         |        |       |       |              | mmodity |
|       |         |        |       |       |              | Exc     |
|       |         |        |       |       |              | hange). |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 44.14 | 43.21 | Rubberland   | SSC     |
|       |         | evenue |       |       | Products     | factory |
|       |         |        |       |       | sold ground  | was     |
|       |         |   from |       |       | water to SSC | located |
|       |         |        |       |       | as its       | near    |
|       |         |    the |       |       | factories    | the     |
|       |         |        |       |       | were located | factory |
|       |         |   sale |       |       | in the same  | of      |
|       |         |     of |       |       | area. The    | Rub     |
|       |         |        |       |       | sale price   | berland |
|       |         | ground |       |       | was at Baht  | P       |
|       |         |        |       |       | 16 per cubic | roducts |
|       |         |  water |       |       | meter, which | and SSC |
|       |         |        |       |       | was          | did not |
|       |         |        |       |       | comparable   | possess |
|       |         |        |       |       | to the price | its own |
|       |         |        |       |       | of tap water | ground  |
|       |         |        |       |       | sold by the  | water   |
|       |         |        |       |       | Provincial   | well.   |
|       |         |        |       |       | Waterworks   | The     |
|       |         |        |       |       | Authority.   | price   |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | ground  |
|       |         |        |       |       |              | water   |
|       |         |        |       |       |              | sold to |
|       |         |        |       |       |              | SSC was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | price   |
|       |         |        |       |       |              | of tap  |
|       |         |        |       |       |              | water   |
|       |         |        |       |       |              | sold by |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | Pro     |
|       |         |        |       |       |              | vincial |
|       |         |        |       |       |              | Wat     |
|       |         |        |       |       |              | erworks |
|       |         |        |       |       |              | Au      |
|       |         |        |       |       |              | thority |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | b       |
|       |         |        |       |       |              | usiness |
|       |         |        |       |       |              | sector. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 15.99 | 13.12 | Rubberland   | The     |
|       |         | evenue |       |       | Products     | service |
|       |         |        |       |       | entered into | fee for |
|       |         |   from |       |       | the leasing  | the     |
|       |         |        |       |       | of field     | pr      |
|       |         |    the |       |       | latex tank   | ovision |
|       |         |        |       |       | agreement    | of      |
|       |         |    pro |       |       | with SSC as  | field   |
|       |         | vision |       |       | SSC did not  | lalex   |
|       |         |     of |       |       | have its own | tank    |
|       |         |        |       |       | tank to      | did not |
|       |         |  field |       |       | store the    | have a  |
|       |         |        |       |       | field latex. | com     |
|       |         |  latex |       |       | The service  | parable |
|       |         |        |       |       | fee for 100  | market  |
|       |         |   tank |       |       | ton was Baht | price.  |
|       |         |        |       |       | 40,000 per   | H       |
|       |         |        |       |       | month per    | owever, |
|       |         |        |       |       | tank, for    | the     |
|       |         |        |       |       | 250 ton was  | service |
|       |         |        |       |       | Baht 100,000 | fee     |
|       |         |        |       |       | per month    | charged |
|       |         |        |       |       | per tank     | by      |
|       |         |        |       |       | which        | Rub     |
|       |         |        |       |       | reflected    | berland |
|       |         |        |       |       | the relevant | P       |
|       |         |        |       |       | cost and an  | roducts |
|       |         |        |       |       | adequate     | covered |
|       |         |        |       |       | profit of    | and     |
|       |         |        |       |       | Rubberland   | re      |
|       |         |        |       |       | Products.    | flected |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | r       |
|       |         |        |       |       |              | elevant |
|       |         |        |       |       |              | cost    |
|       |         |        |       |       |              | and an  |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | dequate |
|       |         |        |       |       |              | profit  |
|       |         |        |       |       |              | margin. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.4    | 6.83  | 7.37  | Starlight    | St      |
|       |         | Sta    |       |       | Express      | arlight |
|       |         | rlight |       |       | Transport    | Express |
|       |         | E      |       |       | provided     | Tr      |
|       |         | xpress |       |       | export and   | ansport |
|       |         | Tra    |       |       | import       | has     |
|       |         | nsport |       |       | services to  | ex      |
|       |         |        |       |       | SSC as       | pertise |
|       |         | -   R  |       |       | Starlight    | in the  |
|       |         | evenue |       |       | Express      | lo      |
|       |         |        |       |       | Transport    | gistics |
|       |         |   from |       |       | has          | s       |
|       |         |     i  |       |       | expertise    | ervices |
|       |         | mport- |       |       | and          | and the |
|       |         | export |       |       | personnel    | docume  |
|       |         |     f  |       |       | suitable for | ntation |
|       |         | reight |       |       | the          | work    |
|       |         |        |       |       | provision of | con     |
|       |         |   forw |       |       | services.    | cerning |
|       |         | arding |       |       |              | log     |
|       |         |        |       |       | The fees for | istics. |
|       |         |   fees |       |       | the          | The     |
|       |         |        |       |       | preparation  | rate of |
|       |         |        |       |       | of the       | service |
|       |         |        |       |       | related      | fee     |
|       |         |        |       |       | export and   | re      |
|       |         |        |       |       | import       | flected |
|       |         |        |       |       | d            | the     |
|       |         |        |       |       | ocumentation | rea     |
|       |         |        |       |       | for the year | sonable |
|       |         |        |       |       | 2011 and     | cost of |
|       |         |        |       |       | 2012 were    | its     |
|       |         |        |       |       | Baht 280 per | b       |
|       |         |        |       |       | container    | usiness |
|       |         |        |       |       | and Baht 500 | op      |
|       |         |        |       |       | per set      | eration |
|       |         |        |       |       | respectively | and was |
|       |         |        |       |       | and the fee  | com     |
|       |         |        |       |       | for the      | parable |
|       |         |        |       |       | trailer      | to      |
|       |         |        |       |       | service was  | other   |
|       |         |        |       |       | USD 60 per   | service |
|       |         |        |       |       | container.   | pr      |
|       |         |        |       |       |              | oviders |
|       |         |        |       |       | These rates  | in the  |
|       |         |        |       |       | were         | same    |
|       |         |        |       |       | comparable   | in      |
|       |         |        |       |       | to the       | dustry. |
|       |         |        |       |       | market price |         |
|       |         |        |       |       | of other     |         |
|       |         |        |       |       | service      |         |
|       |         |        |       |       | providers in |         |
|       |         |        |       |       | the same     |         |
|       |         |        |       |       | industry.    |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 46.97 | 52.21 | Starlight    | St      |
|       |         | evenue |       |       | Express      | arlight |
|       |         |        |       |       | Transport    | Express |
|       |         |   from |       |       | provided     | Tr      |
|       |         |     lo |       |       | logistics    | ansport |
|       |         | gistic |       |       | services to  | has     |
|       |         |     se |       |       | SSC as       | ex      |
|       |         | rvices |       |       | Starlight    | pertise |
|       |         |        |       |       | Express      | in the  |
|       |         |        |       |       | Transport    | lo      |
|       |         |        |       |       | conducted    | gistics |
|       |         |        |       |       | logistics    | s       |
|       |         |        |       |       | services and | ervices |
|       |         |        |       |       | has          | and the |
|       |         |        |       |       | equipment    | docume  |
|       |         |        |       |       | and          | ntation |
|       |         |        |       |       | personnel    | work    |
|       |         |        |       |       | ready to     | con     |
|       |         |        |       |       | support such | cerning |
|       |         |        |       |       | service. The | log     |
|       |         |        |       |       | service fee  | istics. |
|       |         |        |       |       | was at the   | The     |
|       |         |        |       |       | market price | rate of |
|       |         |        |       |       | according to | service |
|       |         |        |       |       | the          | fee     |
|       |         |        |       |       | tr           | re      |
|       |         |        |       |       | ansportation | flected |
|       |         |        |       |       | route and    | the     |
|       |         |        |       |       | was adjusted | rea     |
|       |         |        |       |       | according to | sonable |
|       |         |        |       |       | the change   | cost of |
|       |         |        |       |       | of the oil   | its     |
|       |         |        |       |       | price in     | b       |
|       |         |        |       |       | each period. | usiness |
|       |         |        |       |       |              | op      |
|       |         |        |       |       |              | eration |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | other   |
|       |         |        |       |       |              | service |
|       |         |        |       |       |              | pr      |
|       |         |        |       |       |              | oviders |
|       |         |        |       |       |              | in the  |
|       |         |        |       |       |              | same    |
|       |         |        |       |       |              | in      |
|       |         |        |       |       |              | dustry. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.5    | 4     | 1     | Premier      | Premier |
|       |         | P      | 11.96 | 98.30 | System       | System  |
|       |         | remier |       |       | Engineering  | Engi    |
|       |         | System |       |       | produced and | neering |
|       |         | Engin  |       |       | sold         | has     |
|       |         | eering |       |       | machinery    | ex      |
|       |         |        |       |       | and          | pertise |
|       |         | -   R  |       |       | equipment to | in the  |
|       |         | evenue |       |       | SSC as the   | devel   |
|       |         |        |       |       | machinery    | opment, |
|       |         |   from |       |       | used in the  | prod    |
|       |         |        |       |       | m            | uction, |
|       |         |    the |       |       | anufacturing | and     |
|       |         |     m  |       |       | process of   | main    |
|       |         | anufac |       |       | SSC required | tenance |
|       |         | turing |       |       | special      | of      |
|       |         |     of |       |       | s            | ma      |
|       |         |        |       |       | pecification | chinery |
|       |         |    mac |       |       | and SSC      | and     |
|       |         | hinery |       |       | needed to    | eq      |
|       |         |        |       |       | keep its     | uipment |
|       |         |    and |       |       | production   | in      |
|       |         |        |       |       | technology   | r       |
|       |         |    equ |       |       | and          | elation |
|       |         | ipment |       |       | equipment as | to the  |
|       |         |        |       |       | its business | pro     |
|       |         |        |       |       | secret.      | duction |
|       |         |        |       |       | Premier      | of      |
|       |         |        |       |       | System       | natural |
|       |         |        |       |       | Engineering  | rubber  |
|       |         |        |       |       | has          | and     |
|       |         |        |       |       | equipment    | f       |
|       |         |        |       |       | and          | inished |
|       |         |        |       |       | personnel    | p       |
|       |         |        |       |       | suitable for | roducts |
|       |         |        |       |       | the          | from    |
|       |         |        |       |       | m            | natural |
|       |         |        |       |       | anufacturing | rubber. |
|       |         |        |       |       | of machinery |         |
|       |         |        |       |       | and          | The     |
|       |         |        |       |       | equipment.   | price   |
|       |         |        |       |       | The price of | of the  |
|       |         |        |       |       | the          | ma      |
|       |         |        |       |       | machinery    | chinery |
|       |         |        |       |       | and          | and     |
|       |         |        |       |       | equipment    | eq      |
|       |         |        |       |       | sold by      | uipment |
|       |         |        |       |       | Premier      | sold to |
|       |         |        |       |       | System       | SSC     |
|       |         |        |       |       | Engineering  | re      |
|       |         |        |       |       | were         | flected |
|       |         |        |       |       | comparable   | the     |
|       |         |        |       |       | to the       | rea     |
|       |         |        |       |       | market price | sonable |
|       |         |        |       |       | which        | cost of |
|       |         |        |       |       | reasonably   | its     |
|       |         |        |       |       | reflected    | pro     |
|       |         |        |       |       | the cost of  | duction |
|       |         |        |       |       | production,  | and an  |
|       |         |        |       |       | operation,   | a       |
|       |         |        |       |       | and an       | dequate |
|       |         |        |       |       | adequate     | profit  |
|       |         |        |       |       | profit       | margin  |
|       |         |        |       |       | margin.      | of      |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price.  |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 48.86 | 60.95 | Premier      | Premier |
|       |         | evenue |       |       | System       | System  |
|       |         |        |       |       | Engineering  | Engi    |
|       |         |   from |       |       | provided     | neering |
|       |         |     cl |       |       | cleaning     | has     |
|       |         | eaning |       |       | service for  | ex      |
|       |         |     s  |       |       | the          | pertise |
|       |         | ervice |       |       | machinery    | in the  |
|       |         |        |       |       | and          | devel   |
|       |         |        |       |       | equipment to | opment, |
|       |         |        |       |       | SSC as       | prod    |
|       |         |        |       |       | Premier      | uction, |
|       |         |        |       |       | System       | and     |
|       |         |        |       |       | Engineering  | main    |
|       |         |        |       |       | has          | tenance |
|       |         |        |       |       | expertise in | of      |
|       |         |        |       |       | machinery    | ma      |
|       |         |        |       |       | and          | chinery |
|       |         |        |       |       | equipment    | and     |
|       |         |        |       |       | and was the  | eq      |
|       |         |        |       |       | seller of    | uipment |
|       |         |        |       |       | machinery    | in      |
|       |         |        |       |       | and          | r       |
|       |         |        |       |       | equipment to | elation |
|       |         |        |       |       | SSC.         | to the  |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       | The rate of  | duction |
|       |         |        |       |       | service fee  | of      |
|       |         |        |       |       | was          | natural |
|       |         |        |       |       | comparable   | rubber  |
|       |         |        |       |       | to the       | and     |
|       |         |        |       |       | market price | f       |
|       |         |        |       |       | and          | inished |
|       |         |        |       |       | reflected an | p       |
|       |         |        |       |       | adequate     | roducts |
|       |         |        |       |       | profit       | from    |
|       |         |        |       |       | margin of    | natural |
|       |         |        |       |       | Premier      | rubber. |
|       |         |        |       |       | System       |         |
|       |         |        |       |       | Engineering. | The     |
|       |         |        |       |       |              | rate of |
|       |         |        |       |       |              | service |
|       |         |        |       |       |              | fee for |
|       |         |        |       |       |              | c       |
|       |         |        |       |       |              | leaning |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | ma      |
|       |         |        |       |       |              | chinery |
|       |         |        |       |       |              | and     |
|       |         |        |       |       |              | eq      |
|       |         |        |       |       |              | uipment |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | re      |
|       |         |        |       |       |              | flected |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | rea     |
|       |         |        |       |       |              | sonable |
|       |         |        |       |       |              | cost of |
|       |         |        |       |       |              | its     |
|       |         |        |       |       |              | b       |
|       |         |        |       |       |              | usiness |
|       |         |        |       |       |              | op      |
|       |         |        |       |       |              | eration |
|       |         |        |       |       |              | and an  |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | dequate |
|       |         |        |       |       |              | profit  |
|       |         |        |       |       |              | margin  |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | other   |
|       |         |        |       |       |              | service |
|       |         |        |       |       |              | pr      |
|       |         |        |       |       |              | oviders |
|       |         |        |       |       |              | in the  |
|       |         |        |       |       |              | same    |
|       |         |        |       |       |              | in      |
|       |         |        |       |       |              | dustry. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 14.71 | 17.19 | Premier      | The     |
|       |         | evenue |       |       | System       | service |
|       |         |        |       |       | Engineering  | fee was |
|       |         |   from |       |       | provided IT  | com     |
|       |         |        |       |       | and          | parable |
|       |         |  infor |       |       | information  | to the  |
|       |         | mation |       |       | system       | market  |
|       |         |        |       |       | service to   | price.  |
|       |         |   tech |       |       | SSC as       |         |
|       |         | nology |       |       | Premier      |         |
|       |         |     se |       |       | System       |         |
|       |         | rvices |       |       | Engineering  |         |
|       |         |        |       |       | has          |         |
|       |         |        |       |       | equipment    |         |
|       |         |        |       |       | and          |         |
|       |         |        |       |       | personnel    |         |
|       |         |        |       |       | ready for    |         |
|       |         |        |       |       | provision of |         |
|       |         |        |       |       | such         |         |
|       |         |        |       |       | service.     |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 27.06 | 19.10 | Premier      | Service |
|       |         | evenue |       |       | System       | fee was |
|       |         |        |       |       | Engineering  | com     |
|       |         |   from |       |       | provided     | parable |
|       |         |        |       |       | maintenance  | with    |
|       |         |   purc |       |       | services of  | market  |
|       |         | hasing |       |       | machinery to | rates.  |
|       |         | -maint |       |       | SSC. The     |         |
|       |         | enance |       |       | service fee  |         |
|       |         |        |       |       | was based on |         |
|       |         |    the |       |       | actual works |         |
|       |         |     ma |       |       | which was    |         |
|       |         | chines |       |       | comparable   |         |
|       |         |        |       |       | with market  |         |
|       |         |        |       |       | rates.       |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Re | 1     | 1     | Premier      | The     |
|       |         | venues | 39.98 | 38.72 | System       | service |
|       |         |        |       |       | Engineering  | fee was |
|       |         |   from |       |       | provided     | com     |
|       |         |        |       |       | stock        | parable |
|       |         |  sales |       |       | management   | to the  |
|       |         |     of |       |       | services and | market  |
|       |         |        |       |       | procured     | price.  |
|       |         |    equ |       |       | equipment    |         |
|       |         | ipment |       |       | and          |         |
|       |         |        |       |       | machinery    |         |
|       |         |    and |       |       | spare part   |         |
|       |         |        |       |       | to SSC since |         |
|       |         |    mac |       |       | it has       |         |
|       |         | hinery |       |       | expertise    |         |
|       |         |        |       |       | and          |         |
|       |         |  spare |       |       | specializes  |         |
|       |         |        |       |       | in machinery |         |
|       |         |   part |       |       | and          |         |
|       |         |        |       |       | equipment.   |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 37.08 | 46.15 | Outstanding  | Outs    |
|       |         | counts |       |       | accounts     | tanding |
|       |         |        |       |       | receivable   | balance |
|       |         |   rece |       |       | from the     | ac      |
|       |         | ivable |       |       | af           | cording |
|       |         |        |       |       | orementioned | to the  |
|       |         |        |       |       | services.    | payment |
|       |         |        |       |       |              | terms   |
|       |         |        |       |       |              | under   |
|       |         |        |       |       |              | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | rec     |
|       |         |        |       |       |              | eivable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   E  | 5.43  | 6.16  | Premier      | Large   |
|       |         | xpense |       |       | System       | pur     |
|       |         |        |       |       | Engineering  | chasing |
|       |         |   from |       |       | purchased    | q       |
|       |         |        |       |       | supplies     | uantity |
|       |         |   purc |       |       | from SSC in  | of      |
|       |         | hasing |       |       | order to     | s       |
|       |         |     su |       |       | save         | upplies |
|       |         | pplies |       |       | purchasing   | enables |
|       |         |        |       |       | cost and     | the     |
|       |         |        |       |       | efficiently  | Group   |
|       |         |        |       |       | manage       | to      |
|       |         |        |       |       | supplies of  | receive |
|       |         |        |       |       | the Group.   | di      |
|       |         |        |       |       | The          | scounts |
|       |         |        |       |       | purchasing   | and     |
|       |         |        |       |       | price of     | i       |
|       |         |        |       |       | supplies was | ncrease |
|       |         |        |       |       | weighted     | bar     |
|       |         |        |       |       | average cost | gaining |
|       |         |        |       |       | of SSC       | power.  |
|       |         |        |       |       | excluding    | The     |
|       |         |        |       |       | any other    | pur     |
|       |         |        |       |       | related      | chasing |
|       |         |        |       |       | processing   | price   |
|       |         |        |       |       | expenses.    | of      |
|       |         |        |       |       |              | s       |
|       |         |        |       |       |              | upplies |
|       |         |        |       |       |              | that    |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | pu      |
|       |         |        |       |       |              | rchased |
|       |         |        |       |       |              | from    |
|       |         |        |       |       |              | SSC was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price   |
|       |         |        |       |       |              | without |
|       |         |        |       |       |              | any     |
|       |         |        |       |       |              | other   |
|       |         |        |       |       |              | related |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       |              | cessing |
|       |         |        |       |       |              | ex      |
|       |         |        |       |       |              | penses. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.6    | 5     | 8     | Anvar        | The     |
|       |         | Anvar  | 79.73 | 33.04 | Parawood     | selling |
|       |         | Pa     |       |       | sold         | price   |
|       |         | rawood |       |       | firewood to  | of the  |
|       |         |        |       |       | SSC as Anvar | f       |
|       |         | -   R  |       |       | Parawood     | irewood |
|       |         | evenue |       |       | operates the | was     |
|       |         |        |       |       | business of  | com     |
|       |         |   from |       |       | the sale of  | parable |
|       |         |        |       |       | rubber wood  | to the  |
|       |         |    the |       |       | and has      | price   |
|       |         |        |       |       | personnel    | offered |
|       |         |   sale |       |       | suitable to  | by      |
|       |         |     of |       |       | provide such | other   |
|       |         |     fi |       |       | service. The | s       |
|       |         | rewood |       |       | price of the | ellers. |
|       |         |        |       |       | firewood was |         |
|       |         |        |       |       | the price on |         |
|       |         |        |       |       | the date the |         |
|       |         |        |       |       | transaction  |         |
|       |         |        |       |       | was entered  |         |
|       |         |        |       |       | into plus    |         |
|       |         |        |       |       | the          |         |
|       |         |        |       |       | operation    |         |
|       |         |        |       |       | cost and an  |         |
|       |         |        |       |       | adequate     |         |
|       |         |        |       |       | profit       |         |
|       |         |        |       |       | margin which |         |
|       |         |        |       |       | was          |         |
|       |         |        |       |       | comparable   |         |
|       |         |        |       |       | to the       |         |
|       |         |        |       |       | market       |         |
|       |         |        |       |       | price.       |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 2.19  | 13.34 | Account      | Outs    |
|       |         | counts |       |       | receivable   | tanding |
|       |         |        |       |       | from the     | balance |
|       |         |   rece |       |       | sale of      | ac      |
|       |         | ivable |       |       | parawood     | cording |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | payment |
|       |         |        |       |       |              | terms   |
|       |         |        |       |       |              | under   |
|       |         |        |       |       |              | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | rec     |
|       |         |        |       |       |              | eivable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 1.7    | 1.75  | 36.97 | Shi Dong     | The     |
|       |         | Shi    |       |       | Shanghai     | selling |
|       |         | Dong   |       |       | purchases    | price   |
|       |         | Sh     |       |       | glove from   | of the  |
|       |         | anghai |       |       | SSC to       | glove   |
|       |         |        |       |       | distribute   | was     |
|       |         | -   Pu |       |       | to Chinese   | com     |
|       |         | rchase |       |       | market since | parable |
|       |         |     of |       |       | Shi Dong     | to the  |
|       |         |        |       |       | Shanghai     | wh      |
|       |         |  glove |       |       | possess sale | olesale |
|       |         |        |       |       | &            | price   |
|       |         |        |       |       | distribution | offered |
|       |         |        |       |       | unit in      | by      |
|       |         |        |       |       | China while  | other   |
|       |         |        |       |       | SSC does     | s       |
|       |         |        |       |       | not.         | ellers. |
+-------+---------+--------+-------+-------+--------------+---------+
| 2.    | -   An  | 2.1    | 37.50 | 56.25 | STA received | The     |
| Sempe |     as  | STA    |       |       | dividends    | payment |
| rflex | sociate |        |       |       | from         | of      |
| Asia  |     c   | -   R  |       |       | Semperflex   | d       |
|       | ompany. | evenue |       |       | Asia paid    | ividend |
|       |         |        |       |       | from the     | was     |
|       | -   A   |   from |       |       | operation    | made in |
|       |         |        |       |       | results of   | acc     |
|       | company |    div |       |       | Semperflex   | ordance |
|       |     in  | idends |       |       | Asia.        | with    |
|       |         |        |       |       |              | the     |
|       |   which |        |       |       |              | res     |
|       |         |        |       |       |              | olution |
|       |    STH, |        |       |       |              | of the  |
|       |     the |        |       |       |              | shareh  |
|       |     m   |        |       |       |              | olders’ |
|       | ajority |        |       |       |              | meeting |
|       |         |        |       |       |              | of      |
|       |    shar |        |       |       |              | Sem     |
|       | eholder |        |       |       |              | perflex |
|       |     of  |        |       |       |              | Asia.   |
|       |         |        |       |       |              | STA     |
|       |    STA, |        |       |       |              | r       |
|       |         |        |       |       |              | eceived |
|       |   holds |        |       |       |              | d       |
|       |         |        |       |       |              | ividend |
|       |    5.0% |        |       |       |              | in      |
|       |     of  |        |       |       |              | pro     |
|       |     the |        |       |       |              | portion |
|       |         |        |       |       |              | to its  |
|       | shares. |        |       |       |              | share   |
|       |         |        |       |       |              | holding |
|       | -   A   |        |       |       |              | in      |
|       |         |        |       |       |              | Sem     |
|       | company |        |       |       |              | perflex |
|       |     in  |        |       |       |              | Asia.   |
|       |         |        |       |       |              |         |
|       |   which |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     V   |        |       |       |              |         |
|       | iyavood |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Sinchar |        |       |       |              |         |
|       | oenkul, |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     m   |        |       |       |              |         |
|       | ajority |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    shar |        |       |       |              |         |
|       | eholder |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     C   |        |       |       |              |         |
|       | hairman |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    STA, |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |   holds |        |       |       |              |         |
|       |     d   |        |       |       |              |         |
|       | irectly |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    indi |        |       |       |              |         |
|       | rectly, |        |       |       |              |         |
|       |     in  |        |       |       |              |         |
|       |     an  |        |       |       |              |         |
|       |     ag  |        |       |       |              |         |
|       | gregate |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  12.38% |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | shares. |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | -       |        |       |       |              |         |
|       |   Three |        |       |       |              |         |
|       |     di  |        |       |       |              |         |
|       | rectors |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    STA, |        |       |       |              |         |
|       |     who |        |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     V   |        |       |       |              |         |
|       | iyavood |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Sinchar |        |       |       |              |         |
|       | oenkul, |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     K   |        |       |       |              |         |
|       | itichai |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |  Sincha |        |       |       |              |         |
|       | roenkul |        |       |       |              |         |
|       |     and |        |       |       |              |         |
|       |     Mr. |        |       |       |              |         |
|       |     Ve  |        |       |       |              |         |
|       | erasith |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Sinchar |        |       |       |              |         |
|       | eonkul, |        |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     di  |        |       |       |              |         |
|       | rectors |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |     Sem |        |       |       |              |         |
|       | perflex |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |   Asia. |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 2.2    | 5.00  | 7.50  | Rubberland   | The     |
|       |         | Rubb   |       |       | Products     | payment |
|       |         | erland |       |       | received     | of      |
|       |         | Pr     |       |       | dividends    | d       |
|       |         | oducts |       |       | paid from    | ividend |
|       |         |        |       |       | Semperflex   | was     |
|       |         | -   R  |       |       | Asia based   | made in |
|       |         | evenue |       |       | on its       | acc     |
|       |         |        |       |       | operating    | ordance |
|       |         |   from |       |       | results.     | with    |
|       |         |        |       |       |              | the     |
|       |         |    div |       |       |              | res     |
|       |         | idends |       |       |              | olution |
|       |         |        |       |       |              | of the  |
|       |         |        |       |       |              | shareh  |
|       |         |        |       |       |              | olders’ |
|       |         |        |       |       |              | meeting |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | Sem     |
|       |         |        |       |       |              | perflex |
|       |         |        |       |       |              | Asia.   |
|       |         |        |       |       |              | Rub     |
|       |         |        |       |       |              | berland |
|       |         |        |       |       |              | P       |
|       |         |        |       |       |              | roducts |
|       |         |        |       |       |              | r       |
|       |         |        |       |       |              | eceived |
|       |         |        |       |       |              | d       |
|       |         |        |       |       |              | ividend |
|       |         |        |       |       |              | in      |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       |              | portion |
|       |         |        |       |       |              | to its  |
|       |         |        |       |       |              | share   |
|       |         |        |       |       |              | holding |
|       |         |        |       |       |              | in      |
|       |         |        |       |       |              | Sem     |
|       |         |        |       |       |              | perflex |
|       |         |        |       |       |              | Asia.   |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 2.3    | 7.02  | 6.45  | Starlight    | St      |
|       |         | Sta    |       |       | Express      | arlight |
|       |         | rlight |       |       | Transport    | Express |
|       |         | E      |       |       | provided     | Tr      |
|       |         | xpress |       |       | logistics    | ansport |
|       |         | Tra    |       |       | services to  | has     |
|       |         | nsport |       |       | Semperflex   | ex      |
|       |         |        |       |       | Asia as      | pertise |
|       |         | -   R  |       |       | Starlight    | in      |
|       |         | evenue |       |       | Express      | lo      |
|       |         |        |       |       | Transport    | gistics |
|       |         |   from |       |       | conducted    | s       |
|       |         |     tr |       |       | logistics    | ervices |
|       |         | anspor |       |       | services and | and     |
|       |         | tation |       |       | has          | docume  |
|       |         |        |       |       | equipment    | ntation |
|       |         |        |       |       | and          | work    |
|       |         |        |       |       | personnel    | con     |
|       |         |        |       |       | ready for    | cerning |
|       |         |        |       |       | the          | log     |
|       |         |        |       |       | provision of | istics. |
|       |         |        |       |       | such         | The     |
|       |         |        |       |       | service. The | rate of |
|       |         |        |       |       | service fee  | service |
|       |         |        |       |       | was          | fee     |
|       |         |        |       |       | comparable   | re      |
|       |         |        |       |       | to the       | flected |
|       |         |        |       |       | market and   | the     |
|       |         |        |       |       | changed      | rea     |
|       |         |        |       |       | according to | sonable |
|       |         |        |       |       | the oil      | cost of |
|       |         |        |       |       | price level. | its     |
|       |         |        |       |       |              | b       |
|       |         |        |       |       |              | usiness |
|       |         |        |       |       |              | op      |
|       |         |        |       |       |              | eration |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | other   |
|       |         |        |       |       |              | service |
|       |         |        |       |       |              | pr      |
|       |         |        |       |       |              | oviders |
|       |         |        |       |       |              | in the  |
|       |         |        |       |       |              | same    |
|       |         |        |       |       |              | in      |
|       |         |        |       |       |              | dustry. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 2.4    | 15.17 | 27.54 | Premier      | Premier |
|       |         | P      |       |       | System       | System  |
|       |         | remier |       |       | Engineering  | Engi    |
|       |         | System |       |       | sold         | neering |
|       |         | Engin  |       |       | machinery    | has     |
|       |         | eering |       |       | and          | ex      |
|       |         |        |       |       | equipment to | pertise |
|       |         | -   R  |       |       | Semperflex   | in the  |
|       |         | evenue |       |       | Asia as the  | devel   |
|       |         |        |       |       | machinery    | opment, |
|       |         |   from |       |       | used in the  | prod    |
|       |         |        |       |       | m            | uction, |
|       |         |    the |       |       | anufacturing | and     |
|       |         |     m  |       |       | process of   | main    |
|       |         | anufac |       |       | Semperflex   | tenance |
|       |         | turing |       |       | Asia         | of      |
|       |         |     of |       |       | required     | ma      |
|       |         |        |       |       | special      | chinery |
|       |         |    mac |       |       | s            | and     |
|       |         | hinery |       |       | pecification | eq      |
|       |         |        |       |       | and          | uipment |
|       |         |    and |       |       | Semperflex   | in      |
|       |         |        |       |       | Asia needed  | r       |
|       |         |    equ |       |       | to keep its  | elation |
|       |         | ipment |       |       | production   | to the  |
|       |         |        |       |       | technology   | pro     |
|       |         |        |       |       | and          | duction |
|       |         |        |       |       | equipment as | of      |
|       |         |        |       |       | its business | natural |
|       |         |        |       |       | secret.      | rubber  |
|       |         |        |       |       | Premier      | and     |
|       |         |        |       |       | System       | f       |
|       |         |        |       |       | Engineering  | inished |
|       |         |        |       |       | has          | p       |
|       |         |        |       |       | equipment    | roducts |
|       |         |        |       |       | and          | from    |
|       |         |        |       |       | personnel    | natural |
|       |         |        |       |       | suitable for | rubber. |
|       |         |        |       |       | the          |         |
|       |         |        |       |       | m            | The     |
|       |         |        |       |       | anufacturing | price   |
|       |         |        |       |       | of machinery | of the  |
|       |         |        |       |       | and          | ma      |
|       |         |        |       |       | equipment.   | chinery |
|       |         |        |       |       | The price of | and     |
|       |         |        |       |       | the          | eq      |
|       |         |        |       |       | machinery    | uipment |
|       |         |        |       |       | and          | sold to |
|       |         |        |       |       | equipment    | Sem     |
|       |         |        |       |       | sold by      | perflex |
|       |         |        |       |       | Premier      | Asia    |
|       |         |        |       |       | System       | re      |
|       |         |        |       |       | Engineering  | flected |
|       |         |        |       |       | were         | the     |
|       |         |        |       |       | comparable   | rea     |
|       |         |        |       |       | to the       | sonable |
|       |         |        |       |       | market       | cost of |
|       |         |        |       |       | price.       | its     |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       |              | duction |
|       |         |        |       |       |              | and an  |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | dequate |
|       |         |        |       |       |              | profit  |
|       |         |        |       |       |              | margin  |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price.  |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 6.22  | 2.35  | Premier      | Premier |
|       |         | evenue |       |       | System       | System  |
|       |         |        |       |       | Engineering, | Engi    |
|       |         |   from |       |       | who is a     | neering |
|       |         |     cl |       |       | specialist   | has     |
|       |         | eaning |       |       | in machinery | ex      |
|       |         |     s  |       |       | and          | pertise |
|       |         | ervice |       |       | equipment    | in the  |
|       |         |        |       |       | and a seller | devel   |
|       |         |        |       |       | of machinery | opment, |
|       |         |        |       |       | and          | prod    |
|       |         |        |       |       | equipment to | uction, |
|       |         |        |       |       | Semperflex   | and     |
|       |         |        |       |       | Asia,        | main    |
|       |         |        |       |       | provided     | tenance |
|       |         |        |       |       | cleaning     | of      |
|       |         |        |       |       | services to  | ma      |
|       |         |        |       |       | Semperflex   | chinery |
|       |         |        |       |       | Asia with    | and     |
|       |         |        |       |       | service fee  | eq      |
|       |         |        |       |       | comparable   | uipment |
|       |         |        |       |       | to market    | in      |
|       |         |        |       |       | rate.        | r       |
|       |         |        |       |       |              | elation |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       |              | duction |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | natural |
|       |         |        |       |       |              | rubber  |
|       |         |        |       |       |              | and     |
|       |         |        |       |       |              | f       |
|       |         |        |       |       |              | inished |
|       |         |        |       |       |              | p       |
|       |         |        |       |       |              | roducts |
|       |         |        |       |       |              | from    |
|       |         |        |       |       |              | natural |
|       |         |        |       |       |              | rubber. |
|       |         |        |       |       |              |         |
|       |         |        |       |       |              | The     |
|       |         |        |       |       |              | service |
|       |         |        |       |       |              | fee for |
|       |         |        |       |       |              | c       |
|       |         |        |       |       |              | leaning |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | ma      |
|       |         |        |       |       |              | chinery |
|       |         |        |       |       |              | re      |
|       |         |        |       |       |              | flected |
|       |         |        |       |       |              | the     |
|       |         |        |       |       |              | rea     |
|       |         |        |       |       |              | sonable |
|       |         |        |       |       |              | cost of |
|       |         |        |       |       |              | its     |
|       |         |        |       |       |              | pro     |
|       |         |        |       |       |              | duction |
|       |         |        |       |       |              | and an  |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | dequate |
|       |         |        |       |       |              | profit  |
|       |         |        |       |       |              | margin  |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | Premier |
|       |         |        |       |       |              | System  |
|       |         |        |       |       |              | Engi    |
|       |         |        |       |       |              | neering |
|       |         |        |       |       |              | and was |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price.  |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   R  | 11.93 | 22.27 | Premier      | Service |
|       |         | evenue |       |       | System       | fee was |
|       |         |        |       |       | Engineering  | com     |
|       |         |   from |       |       | provided     | parable |
|       |         |     s  |       |       | maintenance  | with    |
|       |         | elling |       |       | services of  | market  |
|       |         |        |       |       | machinery to | rates.  |
|       |         |    and |       |       | SSC. The     |         |
|       |         |        |       |       | service fee  |         |
|       |         |  maint |       |       | was based on |         |
|       |         | enance |       |       | actual works |         |
|       |         |     m  |       |       | which was    |         |
|       |         | achine |       |       | comparable   |         |
|       |         |        |       |       | with market  |         |
|       |         |        |       |       | rates.       |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Re | 40.08 | 33.59 | Premier      | The     |
|       |         | venues |       |       | System       | service |
|       |         |        |       |       | Engineering  | fee was |
|       |         |   from |       |       | provided     | com     |
|       |         |        |       |       | stock        | parable |
|       |         |  sales |       |       | management   | to the  |
|       |         |     of |       |       | services and | market  |
|       |         |        |       |       | procured     | price.  |
|       |         |    equ |       |       | equipment    |         |
|       |         | ipment |       |       | and          |         |
|       |         |        |       |       | machinery    |         |
|       |         |    and |       |       | spare part   |         |
|       |         |        |       |       | to           |         |
|       |         |    mac |       |       | Semperflex   |         |
|       |         | hinery |       |       | Asia since   |         |
|       |         |        |       |       | it has       |         |
|       |         |  spare |       |       | expertise    |         |
|       |         |        |       |       | and          |         |
|       |         |   part |       |       | specializes  |         |
|       |         |        |       |       | in machinery |         |
|       |         |        |       |       | and          |         |
|       |         |        |       |       | equipment.   |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 14.57 | 5.57  | Account      | Outs    |
|       |         | counts |       |       | receivable   | tanding |
|       |         |        |       |       | from the     | balance |
|       |         |   rece |       |       | above        | ac      |
|       |         | ivable |       |       | services.    | cording |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | payment |
|       |         |        |       |       |              | terms   |
|       |         |        |       |       |              | under   |
|       |         |        |       |       |              | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | rec     |
|       |         |        |       |       |              | eivable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 2.5    | 8.99  | 7.92  | Anvar        | The     |
|       |         | Anvar  |       |       | Parawood     | price   |
|       |         | Pa     |       |       | sold pallets | of the  |
|       |         | rawood |       |       | to           | pallets |
|       |         |        |       |       | Semperflex   | was     |
|       |         | -   R  |       |       | Asia as      | com     |
|       |         | evenue |       |       | Anvar        | parable |
|       |         |        |       |       | Parawood     | to the  |
|       |         |   from |       |       | conducted    | price   |
|       |         |        |       |       | the business | of      |
|       |         |    the |       |       | of selling   | other   |
|       |         |        |       |       | rubber wood  | s       |
|       |         |   sale |       |       | and has      | ellers. |
|       |         |     of |       |       | personnel    |         |
|       |         |     p  |       |       | suitable for |         |
|       |         | allets |       |       | providing    |         |
|       |         |        |       |       | such         |         |
|       |         |        |       |       | service. The |         |
|       |         |        |       |       | price of     |         |
|       |         |        |       |       | pallets sold |         |
|       |         |        |       |       | to           |         |
|       |         |        |       |       | Semperflex   |         |
|       |         |        |       |       | Asia was     |         |
|       |         |        |       |       | comparable   |         |
|       |         |        |       |       | to the       |         |
|       |         |        |       |       | market       |         |
|       |         |        |       |       | price.       |         |
+-------+---------+--------+-------+-------+--------------+---------+
| 3.    | -   An  | 3.1    | 30.15 | 71.69 | STA received | The     |
| Thai  |     as  | STA    |       |       | dividends    | payment |
| Tech  | sociate |        |       |       | from Thai    | of      |
| R     |     c   | -   R  |       |       | Tech Rubber  | d       |
| ubber | ompany. | evenue |       |       | paid from    | ividend |
|       |         |        |       |       | the          | was     |
|       | -   Two |   from |       |       | operation    | made in |
|       |     di  |        |       |       | results of   | acc     |
|       | rectors |    div |       |       | Thai Tech    | ordance |
|       |     of  | idends |       |       | Rubber.      | with    |
|       |         |        |       |       |              | the     |
|       |    STA, |        |       |       |              | res     |
|       |     who |        |       |       |              | olution |
|       |     are |        |       |       |              | of the  |
|       |     Mr. |        |       |       |              | shareh  |
|       |     V   |        |       |       |              | olders’ |
|       | iyavood |        |       |       |              | meeting |
|       |         |        |       |       |              | of Thai |
|       |  Sincha |        |       |       |              | Tech    |
|       | roenkul |        |       |       |              | Rubber. |
|       |     and |        |       |       |              | STA     |
|       |     Mr. |        |       |       |              | r       |
|       |         |        |       |       |              | eceived |
|       |    Paul |        |       |       |              | d       |
|       |         |        |       |       |              | ividend |
|       |  Sumade |        |       |       |              | in      |
|       |         |        |       |       |              | pro     |
|       |    Lee, |        |       |       |              | portion |
|       |     are |        |       |       |              | to its  |
|       |     the |        |       |       |              | share   |
|       |     di  |        |       |       |              | holding |
|       | rectors |        |       |       |              | in Thai |
|       |     of  |        |       |       |              | Tech    |
|       |         |        |       |       |              | Rubber. |
|       |    Thai |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    Tech |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Rubber. |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 3.2    | 6,0   | 4,5   | Sri Trang    | The     |
|       |         | Sri    | 45.30 | 51.97 | I            | natural |
|       |         | Trang  |       |       | nternational | rubber  |
|       |         | I      |       |       | purchased    | that    |
|       |         | nterna |       |       | TSR from     | the     |
|       |         | tional |       |       | Thai Tech    | Group   |
|       |         |        |       |       | Rubber for   | p       |
|       |         | -      |       |       | selling to   | roduced |
|       |         |   Cost |       |       | i            | to      |
|       |         |     of |       |       | nternational | intern  |
|       |         |        |       |       | market. The  | ational |
|       |         |    the |       |       | purchase     | cu      |
|       |         |     pu |       |       | price was    | stomers |
|       |         | rchase |       |       | based on     | was     |
|       |         |     of |       |       | SICOM        | dist    |
|       |         |        |       |       |              | ributed |
|       |         |    TSR |       |       |              | by Sri  |
|       |         |        |       |       |              | Trang   |
|       |         |        |       |       |              | Intern  |
|       |         |        |       |       |              | ational |
|       |         |        |       |       |              | as Thai |
|       |         |        |       |       |              | Tech    |
|       |         |        |       |       |              | Rubber  |
|       |         |        |       |       |              | did not |
|       |         |        |       |       |              | do      |
|       |         |        |       |       |              | ma      |
|       |         |        |       |       |              | rketing |
|       |         |        |       |       |              | or sale |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | natural |
|       |         |        |       |       |              | rubber  |
|       |         |        |       |       |              | to      |
|       |         |        |       |       |              | intern  |
|       |         |        |       |       |              | ational |
|       |         |        |       |       |              | cus     |
|       |         |        |       |       |              | tomers. |
|       |         |        |       |       |              |         |
|       |         |        |       |       |              | The     |
|       |         |        |       |       |              | natural |
|       |         |        |       |       |              | rubber  |
|       |         |        |       |       |              | price   |
|       |         |        |       |       |              | that    |
|       |         |        |       |       |              | Thai    |
|       |         |        |       |       |              | Tech    |
|       |         |        |       |       |              | sold to |
|       |         |        |       |       |              | Sri     |
|       |         |        |       |       |              | Trang   |
|       |         |        |       |       |              | Intern  |
|       |         |        |       |       |              | ational |
|       |         |        |       |       |              | was     |
|       |         |        |       |       |              | com     |
|       |         |        |       |       |              | parable |
|       |         |        |       |       |              | to the  |
|       |         |        |       |       |              | market  |
|       |         |        |       |       |              | price   |
|       |         |        |       |       |              | that    |
|       |         |        |       |       |              | third   |
|       |         |        |       |       |              | party   |
|       |         |        |       |       |              | sold to |
|       |         |        |       |       |              | Sri     |
|       |         |        |       |       |              | Trang   |
|       |         |        |       |       |              | interna |
|       |         |        |       |       |              | tional. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -   Ac | 1     | 2     | Accounts     | Outs    |
|       |         | counts | 55.99 | 29.31 | payable from | tanding |
|       |         |     p  |       |       | the          | balance |
|       |         | ayable |       |       | provision of | ac      |
|       |         |        |       |       | the          | cording |
|       |         |        |       |       | af           | to the  |
|       |         |        |       |       | orementioned | payment |
|       |         |        |       |       | services.    | terms   |
|       |         |        |       |       |              | under   |
|       |         |        |       |       |              | normal  |
|       |         |        |       |       |              | trade   |
|       |         |        |       |       |              | con     |
|       |         |        |       |       |              | ditions |
|       |         |        |       |       |              | and the |
|       |         |        |       |       |              | a       |
|       |         |        |       |       |              | ccounts |
|       |         |        |       |       |              | payable |
|       |         |        |       |       |              | were    |
|       |         |        |       |       |              | normal. |
+-------+---------+--------+-------+-------+--------------+---------+
| 4.    | -   An  | 4.1    | 71.42 | 57.89 | Accounts     | Normal  |
| Pa    |     as  | STA    |       |       | receivable   | b       |
| ttana | sociate |        |       |       | from the     | usiness |
| Agro  |     c   | -   Ac |       |       | trading of   | tran    |
| Fu    | ompany. | counts |       |       | natural      | saction |
| tures |         |        |       |       | rubber       | for     |
|       | -   Two |   rece |       |       | future       | future  |
|       |     di  | ivable |       |       | contracts    | trading |
|       | rectors |        |       |       |              |         |
|       |     of  |    (pa |       |       |              |         |
|       |         | yable) |       |       |              |         |
|       |    STA, |        |       |       |              |         |
|       |     who |    for |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     Mr. |    the |       |       |              |         |
|       |     V   |        |       |       |              |         |
|       | iyavood | future |       |       |              |         |
|       |         |     t  |       |       |              |         |
|       |  Sincha | rading |       |       |              |         |
|       | roenkul |     of |       |       |              |         |
|       |     and |     n  |       |       |              |         |
|       |     Mr. | atural |       |       |              |         |
|       |     K   |        |       |       |              |         |
|       | itichai | rubber |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Sinchar |        |       |       |              |         |
|       | oenkul, |        |       |       |              |         |
|       |     are |        |       |       |              |         |
|       |     the |        |       |       |              |         |
|       |     di  |        |       |       |              |         |
|       | rectors |        |       |       |              |         |
|       |     of  |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       | Pattana |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    Agro |        |       |       |              |         |
|       |     F   |        |       |       |              |         |
|       | utures. |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | -      | 44.06 | 70.45 | Deposit made | Normal  |
|       |         | Amount |       |       | for trading  | b       |
|       |         |        |       |       | in futures   | usiness |
|       |         |    due |       |       | market in    | tran    |
|       |         |        |       |       | accordance   | saction |
|       |         |   from |       |       | with AFET    | for     |
|       |         |     f  |       |       | criteria.    | future  |
|       |         | utures |       |       |              | trading |
|       |         |     b  |       |       |              |         |
|       |         | rokers |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
| 5.    | -   The | 5.1    | 7.95  | 4.68  | STA sold     | Due to  |
| P     |     Exe | STA    |       |       | field latex  | the     |
| ruksa | cutives |        |       |       | to Pruksa    | fact    |
| R     |         | -   R  |       |       | Rubber Co.,  | that    |
| ubber | Officer | evenue |       |       | Ltd. The     | STA     |
| Co.,  |     of  |        |       |       | sale was     | only    |
| Ltd.  |         |   from |       |       | made at the  | had a   |
|       |    STA, |        |       |       | STA rubber   | few     |
|       |     Mr. |    the |       |       | plantation   | rubber  |
|       |         |        |       |       | because STA  | pla     |
|       |    Udom |   sale |       |       | did not have | ntation |
|       |         |     of |       |       | any          | areas   |
|       |    Pruk |        |       |       | department   | ready   |
|       | sanusak |  field |       |       | to handle    | for     |
|       |     and |        |       |       | the          | t       |
|       |     si  |  latex |       |       | tr           | apping. |
|       | blings, |        |       |       | ansportation | In      |
|       |         |        |       |       | of field     | order   |
|       |    hold |        |       |       | latex on its | to save |
|       |         |        |       |       | own and in   | cost,   |
|       |    more |        |       |       | order to     | STA     |
|       |         |        |       |       | save cost on | decided |
|       |    than |        |       |       | the          | to      |
|       |     50% |        |       |       | management,  | m       |
|       |     of  |        |       |       | sales, and   | inimize |
|       |     the |        |       |       | related      | its     |
|       |         |        |       |       | personnel.   | obli    |
|       |  shares |        |       |       | The price at | gations |
|       |     in  |        |       |       | which field  | on      |
|       |         |        |       |       | latex was    | transpo |
|       |  Pruksa |        |       |       | sold to      | rtation |
|       |         |        |       |       | Pruksa       | and     |
|       |  Rubber |        |       |       | Rubber Co.,  | man     |
|       |         |        |       |       | Ltd. was at  | agement |
|       |    Co., |        |       |       | the price    | by      |
|       |         |        |       |       | determined   | selling |
|       |    Ltd. |        |       |       | daily by the | field   |
|       |     Mr. |        |       |       | procurement  | latex   |
|       |         |        |       |       | department   | to      |
|       |    Udom |        |       |       | of STA.      | Pruksa  |
|       |         |        |       |       |              | Rubber  |
|       |    Pruk |        |       |       |              | Co.,    |
|       | sanusak |        |       |       |              | Ltd. at |
|       |     is  |        |       |       |              | the     |
|       |     the |        |       |       |              | price   |
|       |     aut |        |       |       |              | det     |
|       | horized |        |       |       |              | ermined |
|       |     si  |        |       |       |              | by the  |
|       | gnatory |        |       |       |              | proc    |
|       |     of  |        |       |       |              | urement |
|       |         |        |       |       |              | dep     |
|       |  Pruksa |        |       |       |              | artment |
|       |         |        |       |       |              | of the  |
|       |  Rubber |        |       |       |              | Group.  |
|       |         |        |       |       |              |         |
|       |    Co., |        |       |       |              |         |
|       |         |        |       |       |              |         |
|       |    Ltd. |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 5.2    | 1     | 1     | Nam Hua      | Nam Hua |
|       |         | Nam    | 91.59 | 31.45 | Rubber       | Rubber  |
|       |         | Hua    |       |       | purchased    | r       |
|       |         | Rubber |       |       | field latex  | equired |
|       |         |        |       |       | from Pruksa  | field   |
|       |         | -      |       |       | Rubber Co.,  | latex   |
|       |         |    The |       |       | Ltd. because | as a    |
|       |         |     pu |       |       | the rubber   | raw     |
|       |         | rchase |       |       | plantations  | m       |
|       |         |     of |       |       | of Pruksa    | aterial |
|       |         |        |       |       | Rubber Co.,  | for the |
|       |         |  field |       |       | Ltd. were    | pro     |
|       |         |        |       |       | located      | duction |
|       |         |  latex |       |       | close to the | of      |
|       |         |        |       |       | factory and  | Conce   |
|       |         |        |       |       | the          | ntrated |
|       |         |        |       |       | purchasing   | Latex.  |
|       |         |        |       |       | center for   | The     |
|       |         |        |       |       | purchasing   | p       |
|       |         |        |       |       | field latex  | urchase |
|       |         |        |       |       | of Nam Hua   | price   |
|       |         |        |       |       | Rubber.      | was at  |
|       |         |        |       |       | Moreover,    | the     |
|       |         |        |       |       | Pruksa       | market  |
|       |         |        |       |       | Rubber Co.,  | price   |
|       |         |        |       |       | Ltd. was     | det     |
|       |         |        |       |       | capable of   | ermined |
|       |         |        |       |       | supplying    | daily   |
|       |         |        |       |       | rubber of    | by the  |
|       |         |        |       |       | the quality  | proc    |
|       |         |        |       |       | and quantity | urement |
|       |         |        |       |       | as required  | dep     |
|       |         |        |       |       | by Nam Hua   | artment |
|       |         |        |       |       | Rubber. The  | of the  |
|       |         |        |       |       | purchasing   | Group   |
|       |         |        |       |       | price of the | for the |
|       |         |        |       |       | field latex  | purpose |
|       |         |        |       |       | was at the   | of      |
|       |         |        |       |       | price that   | pur     |
|       |         |        |       |       | the Group    | chasing |
|       |         |        |       |       | made an      | raw     |
|       |         |        |       |       | announcement | ma      |
|       |         |        |       |       | to general   | terials |
|       |         |        |       |       | customers in | from    |
|       |         |        |       |       | front of its | general |
|       |         |        |       |       | factory.     | sup     |
|       |         |        |       |       |              | pliers. |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 5.3    | 16.38 | 9.38  | Sadao P.S.   | Sadao   |
|       |         | Sadao  |       |       | Rubber       | P.S.    |
|       |         | P.S.   |       |       | purchased    | Rubber  |
|       |         | Rubber |       |       | unsmoked     | r       |
|       |         |        |       |       | sheet rubber | equired |
|       |         | -      |       |       | from Pruksa  | u       |
|       |         |   Cost |       |       | Rubber Co.,  | nsmoked |
|       |         |     of |       |       | Ltd., a      | sheet   |
|       |         |        |       |       | dealer who   | rubber  |
|       |         |    the |       |       | buys         | as the  |
|       |         |     pu |       |       | unsmoked     | raw     |
|       |         | rchase |       |       | sheet rubber | m       |
|       |         |     of |       |       | from the     | aterial |
|       |         |     un |       |       | farmers and  | for the |
|       |         | smoked |       |       | sells it to  | pro     |
|       |         |        |       |       | factories    | duction |
|       |         |  sheet |       |       | located in   | of RSS. |
|       |         |        |       |       | the Sadao    | The     |
|       |         | rubber |       |       | District     | p       |
|       |         |        |       |       | where is     | urchase |
|       |         |        |       |       | close to the | price   |
|       |         |        |       |       | Sadao P.S.   | was at  |
|       |         |        |       |       | factory.     | the     |
|       |         |        |       |       | Moreover,    | market  |
|       |         |        |       |       | Pruksa       | price   |
|       |         |        |       |       | Rubber was   | det     |
|       |         |        |       |       | capable to   | ermined |
|       |         |        |       |       | supply       | daily   |
|       |         |        |       |       | unsmoked     | by the  |
|       |         |        |       |       | sheet rubber | proc    |
|       |         |        |       |       | at the       | urement |
|       |         |        |       |       | quality and  | dep     |
|       |         |        |       |       | quantity as  | artment |
|       |         |        |       |       | required by  | of the  |
|       |         |        |       |       | Sadao P.S.   | Group   |
|       |         |        |       |       | Rubber. The  | for the |
|       |         |        |       |       | purchase     | purpose |
|       |         |        |       |       | price of     | of      |
|       |         |        |       |       | unsmoked     | pur     |
|       |         |        |       |       | sheet rubber | chasing |
|       |         |        |       |       | was the      | raw     |
|       |         |        |       |       | price that   | ma      |
|       |         |        |       |       | the Group    | terials |
|       |         |        |       |       | made an      | from    |
|       |         |        |       |       | announcement | general |
|       |         |        |       |       | to general   | sup     |
|       |         |        |       |       | customers in | pliers. |
|       |         |        |       |       | front of its |         |
|       |         |        |       |       | factory.     |         |
+-------+---------+--------+-------+-------+--------------+---------+
| 6.    | -   A   | 6.1    | 4.42  | 8.14  | Worldwide    | The fee |
| Worl  |         | STA    |       |       | Shipping     | was     |
| dwide | company |        |       |       | Logistic     | rea     |
| Shi   |         | -   Tr |       |       | Service      | sonable |
| pping |    with | anspor |       |       | Pte.,        | and     |
| Log   |         | tation |       |       | provided     | com     |
| istic |    100% |     e  |       |       | freight      | parable |
| Se    |     of  | xpense |       |       | forwarding   | to the  |
| rvice |     its |        |       |       | service for  | market  |
| Pte.  |         |        |       |       | tr           | price.  |
|       |  shares |        |       |       | ansportation |         |
|       |         |        |       |       | of goods     |         |
|       |   owned |        |       |       | from STA     |         |
|       |     by  |        |       |       | factories to |         |
|       |     a   |        |       |       | overseas     |         |
|       |         |        |       |       | customers.   |         |
|       |  spouse |        |       |       | The service  |         |
|       |     of  |        |       |       | fee paid by  |         |
|       |     a   |        |       |       | STA to       |         |
|       |         |        |       |       | Worldwide    |         |
|       |   child |        |       |       | Shipping     |         |
|       |     of  |        |       |       | Logistic     |         |
|       |     a   |        |       |       | Service      |         |
|       |     D   |        |       |       | Pte., was    |         |
|       | irector |        |       |       | comparable   |         |
|       |     of  |        |       |       | with the     |         |
|       |     STA |        |       |       | service fee  |         |
|       |     –   |        |       |       | of other     |         |
|       |     Mr. |        |       |       | service      |         |
|       |         |        |       |       | providers    |         |
|       |  Prasit |        |       |       | having no    |         |
|       |     P   |        |       |       | connection   |         |
|       | anidkul |        |       |       | with the     |         |
|       |         |        |       |       | Group. STA   |         |
|       |         |        |       |       | will conduct |         |
|       |         |        |       |       | a price      |         |
|       |         |        |       |       | comparison   |         |
|       |         |        |       |       | each time it |         |
|       |         |        |       |       | enters into  |         |
|       |         |        |       |       | an agreement |         |
|       |         |        |       |       | for          |         |
|       |         |        |       |       | receiving    |         |
|       |         |        |       |       | such         |         |
|       |         |        |       |       | services.    |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 6.2    | 89.68 | 31.28 | Worldwide    | The fee |
|       |         | Sri    |       |       | Shipping     | was     |
|       |         | Trang  |       |       | Logistic     | rea     |
|       |         | I      |       |       | Service      | sonable |
|       |         | nterna |       |       | Pte.,        | and     |
|       |         | tional |       |       | provided     | com     |
|       |         |        |       |       | freight      | parable |
|       |         | •      |       |       | forwarding   | to the  |
|       |         | Tr     |       |       | service for  | market  |
|       |         | anspor |       |       | tr           | price.  |
|       |         | tation |       |       | ansportation |         |
|       |         | Cost   |       |       | of goods to  |         |
|       |         |        |       |       | overseas     |         |
|       |         |        |       |       | customers.   |         |
|       |         |        |       |       | The service  |         |
|       |         |        |       |       | fee paid by  |         |
|       |         |        |       |       | Sri Trang    |         |
|       |         |        |       |       | I            |         |
|       |         |        |       |       | nternational |         |
|       |         |        |       |       | to Worldwide |         |
|       |         |        |       |       | Shipping     |         |
|       |         |        |       |       | Logistic     |         |
|       |         |        |       |       | Service      |         |
|       |         |        |       |       | Pte., was    |         |
|       |         |        |       |       | comparable   |         |
|       |         |        |       |       | with the     |         |
|       |         |        |       |       | service fee  |         |
|       |         |        |       |       | of other     |         |
|       |         |        |       |       | service      |         |
|       |         |        |       |       | providers    |         |
|       |         |        |       |       | who are not  |         |
|       |         |        |       |       | related      |         |
|       |         |        |       |       | party of the |         |
|       |         |        |       |       | Group. Sri   |         |
|       |         |        |       |       | Trang        |         |
|       |         |        |       |       | I            |         |
|       |         |        |       |       | nternational |         |
|       |         |        |       |       | will conduct |         |
|       |         |        |       |       | a price      |         |
|       |         |        |       |       | comparison   |         |
|       |         |        |       |       | each time it |         |
|       |         |        |       |       | enters into  |         |
|       |         |        |       |       | an agreement |         |
|       |         |        |       |       | for          |         |
|       |         |        |       |       | receiving    |         |
|       |         |        |       |       | such         |         |
|       |         |        |       |       | services.    |         |
+-------+---------+--------+-------+-------+--------------+---------+
|       |         | 6.3    | 13.19 | -     | Worldwide    | The fee |
|       |         | P.T.   |       |       | Shipping     | was     |
|       |         | Star   |       |       | Logistic     | rea     |
|       |         | Rubber |       |       | Service Pte  | sonable |
|       |         |        |       |       | was hired by | and     |
|       |         | -   Do |       |       | P.T. Star    | com     |
|       |         | cument |       |       | Rubber to    | parable |
|       |         |        |       |       | provide      | to the  |
|       |         |    fee |       |       | export       | market  |
|       |         |        |       |       | document at  | price.  |
|       |         |  (Bill |       |       | the rate of  |         |
|       |         |     of |       |       | RPH          |         |
|       |         |     Lo |       |       | 2,400,000    |         |
|       |         | dging) |       |       | per set of   |         |
|       |         |        |       |       | Bill of      |         |
|       |         |        |       |       | Lodging. The |         |
|       |         |        |       |       | fee was      |         |
|       |         |        |       |       | comparable   |         |
|       |         |        |       |       | to other     |         |
|       |         |        |       |       | independent  |         |
|       |         |        |       |       | companies.   |         |
+-------+---------+--------+-------+-------+--------------+---------+
| 7.    | Wife    | -      | 89.68 | 31.28 | STA          | STA     |
| Tham  | (Mrs.   |   Purc |       |       | purchased    | r       |
| Pha   | J       | hasing |       |       | filed latex  | equired |
| nnara | iraporn |        |       |       | from Thum    | field   |
| R     | Aks     |  field |       |       | Phannara     | latex   |
| ubber | ornnam) |        |       |       | Rubber Fund  | as a    |
| Fund  | of      |  latex |       |       | Cooperative  | raw     |
| C     | C       |        |       |       | as it        | m       |
| ooper | o-Group |        |       |       | situates     | aterial |
| ative | Pro     |        |       |       | nearby STA’s | for the |
|       | duction |        |       |       | procurement  | pro     |
|       | Manager |        |       |       | unit.        | duction |
|       | (Mr.    |        |       |       | Moreover, it | of      |
|       | Arsom   |        |       |       | was capable  | Conce   |
|       | Aks     |        |       |       | of supplying | ntrated |
|       | ornnam) |        |       |       | rubber of    | Latex.  |
|       | is an   |        |       |       | the quality  | The     |
|       | aut     |        |       |       | and quantity | p       |
|       | horized |        |       |       | as required  | urchase |
|       | person  |        |       |       | by STA. The  | price   |
|       | on      |        |       |       | purchasing   | was at  |
|       | behalf  |        |       |       | price of the | the     |
|       | of the  |        |       |       | field latex  | market  |
|       | coope   |        |       |       | was at the   | price   |
|       | rative. |        |       |       | price that   | det     |
|       |         |        |       |       | the Group    | ermined |
|       |         |        |       |       | made an      | daily   |
|       |         |        |       |       | announcement | by the  |
|       |         |        |       |       | to general   | proc    |
|       |         |        |       |       | customers in | urement |
|       |         |        |       |       | front of its | dep     |
|       |         |        |       |       | factory.     | artment |
|       |         |        |       |       |              | of the  |
|       |         |        |       |       |              | Group   |
|       |         |        |       |       |              | for the |
|       |         |        |       |       |              | purpose |
|       |         |        |       |       |              | of      |
|       |         |        |       |       |              | pur     |
|       |         |        |       |       |              | chasing |
|       |         |        |       |       |              | raw     |
|       |         |        |       |       |              | ma      |
|       |         |        |       |       |              | terials |
|       |         |        |       |       |              | from    |
|       |         |        |       |       |              | general |
|       |         |        |       |       |              | sup     |
|       |         |        |       |       |              | pliers. |
+-------+---------+--------+-------+-------+--------------+---------+
| 8.    | Di      | Pe     | 1,1   | 1,1   | Directors of | Such    |
| The   | rectors | rsonal | 85.00 | 85.00 | STA and the  | support |
| Board | of STA  | guar   |       |       | subsidiaries | c       |
| of    | and the | antees |       |       | provided     | omplied |
| Dir   | subsi   | have   |       |       | personal     | with    |
| ector | diaries | been   |       |       | guarantees   | the     |
| of    |         | pr     |       |       | on the loans | requi   |
| STA   |         | ovided |       |       | that have    | rements |
| and   |         | on the |       |       | been         | of      |
| su    |         | loans  |       |       | extended to  | sponsor |
| bsidi |         | that   |       |       | STA and      | support |
| aries |         | have   |       |       | subsidiaries | ag      |
| con   |         | been   |       |       | by financial | reement |
| sists |         | ex     |       |       | institutions | and was |
| of:   |         | tended |       |       | as a         | made    |
|       |         | to STA |       |       | requirement  | for the |
| -     |         | and    |       |       | of borrowing | benefit |
|   Mr. |         | subsid |       |       | specified by | of STA  |
|       |         | iaries |       |       | certain      | and the |
|    So |         | by     |       |       | financial    | subsid  |
| mwang |         | fin    |       |       | i            | iaries. |
|       |         | ancial |       |       | nstitutions. | The     |
|   Sin |         | instit |       |       |              | di      |
| charo |         | utions |       |       |              | rectors |
| enkul |         |        |       |       |              | acting  |
|       |         |        |       |       |              | as      |
| -     |         |        |       |       |              | gua     |
|   Mr. |         |        |       |       |              | rantors |
|       |         |        |       |       |              | did not |
|   Viy |         |        |       |       |              | charge  |
| avood |         |        |       |       |              | any fee |
|       |         |        |       |       |              | for     |
|   Sin |         |        |       |       |              | pr      |
| charo |         |        |       |       |              | oviding |
| enkul |         |        |       |       |              | the     |
|       |         |        |       |       |              | p       |
| -     |         |        |       |       |              | ersonal |
|   Mr. |         |        |       |       |              | gua     |
|       |         |        |       |       |              | rantee. |
|   Kit |         |        |       |       |              |         |
| ichai |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|   Sin |         |        |       |       |              |         |
| charo |         |        |       |       |              |         |
| enkul |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
| -     |         |        |       |       |              |         |
|   Mr. |         |        |       |       |              |         |
|     P |         |        |       |       |              |         |
| rasit |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|   Pan |         |        |       |       |              |         |
| idkul |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
| -     |         |        |       |       |              |         |
|   Mr. |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|    Ch |         |        |       |       |              |         |
| aiyos |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|   Sin |         |        |       |       |              |         |
| charo |         |        |       |       |              |         |
| enkul |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
| -     |         |        |       |       |              |         |
|  Mrs. |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|   Pro |         |        |       |       |              |         |
| msook |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|   Sin |         |        |       |       |              |         |
| charo |         |        |       |       |              |         |
| enkul |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
| -     |         |        |       |       |              |         |
|   Mr. |         |        |       |       |              |         |
|       |         |        |       |       |              |         |
|  Anan |         |        |       |       |              |         |
|     P |         |        |       |       |              |         |
| ruksa |         |        |       |       |              |         |
| nusak |         |        |       |       |              |         |
+-------+---------+--------+-------+-------+--------------+---------+

10.2 Audit Committee’s Opinion on Related Party Transactions

The Audit Committee of STA evaluated and expressed its opinion on the
above related party transactions that such transactions were carried out
reasonably and were necessary to the business operation of STA.

10.3 Measures or Procedures for Approving the Related Party Transactions

In the event that STA or its subsidiaries carries out its business with
a party who may have a conflict of interest, whether at present or in
the future, or have an interest with STA, the Audit Committee will
express its opinion regarding the necessity and the reasonableness of
the price of such transaction. The Audit Committee will ensure that the
terms and conditions of these transactions are consistent with market
practice and the prices charged for these transactions compared with
third party or market prices. If the Audit Committee is unable to
evaluate related party transactions due to lack of expertise in certain
areas, STA will arrange an independent expert or the auditor of STA to
give an opinion on such transactions. The Board of Directors or Audit
Committee or the STA shareholders, as the case may be, will use this
opinion from the independent expert as a supplement to form their own
conclusion. Those directors who may have an interest in the transaction
are prohibited from voting on such transactions. In addition, related
party transactions will be disclosed in the notes to the STA’s audited
or reviewed financial statements.

At present, STA has a pricing policy for it subsidiaries, associates,
joint venture entities and related companies as follows:

  ------------------------------- ---------------------------------------
                                  Pricing Policy

  Sales of products and raw       At arm’s length as if it was transacted
  materials                       with a third party

  Revenues from services –        At arm’s length as if it was transacted
  logistic services               with a third party

  Revenues from services –        At fixed rate pursuant to the contract
  management services             which is comparable to the market price

  Interest income from trade      At arm’s length as if it was transacted
  credit                          with a third party

  Rental income                   At a contract price which had been
                                  agreed upon and is comparable to the
                                  market price

  Product purchase                At arm’s length as if it was transacted
                                  with a third party

  Rental and Service Expenses     At arm’s length as if it was transacted
                                  with a third party

  Guarantee                       No fee charged

  Fixed assets acquisition        At arm’s length as if it was transacted
                                  with a third party
  ------------------------------- ---------------------------------------

Furthermore, the Board of Directors Meeting resolved to approve in
principle business transactions with general trading conditions or
supporting normal business transactions with general trading conditions
between STA or its subsidiaries and the Directors, Executive Officers or
any related parties.

STA and its subsidiaries may purchase raw materials, sell products,
provide transportation services or enter into any other transactions
between the Directors, Executive Officers or related parties, whether at
present or in the future. In this regard, STA authorizes the management
to approve such transactions if the purchase price, selling price,
transportation fees or other related transactions is not different from
the price offered to other customers (market price) and the conditions
and commercial terms are the same as those an ordinary person would
agree with any party under similar circumstances. The transportation fee
shall be the same as the rate of transportation used by the general
public. In respect of the transportation fee, the fee will be according
to the normal market rate, but shall not be more than 10% compared with
the fee paid by other trade partners. In addition, STA shall prepare a
report on the summary of the transactions every quarter to present to
the Board of Directors Meeting or upon the request of the Board of
Directors.

10.4 Policy on Future Related Party Transactions

In the event that STA engages in related party transactions in the
future, STA will ensure that such transactions are carried out in
compliance with the SEC Act, the Securities Law of Singapore,
regulations, notifications, orders or rules of the SET and SGX-ST. In
addition, STA must also comply with the Thai GAAP on disclosure rules
related to related party transactions and other requirements as
specified by the Institute of Certified Accountants of Thailand and the
Company’s policy or other relevant laws.

In addition, when STA enters into related party transactions, STA will
seek the Audit Committee’s opinion on the reasonableness of such
transactions. In the event that the Audit Committee is unable to
evaluate related party transactions due to lack of expertise in certain
areas, the Committee may for arrange an independent expert, such as
auditor or independent appraiser, to give opinion on the transactions.
The opinion of the Audit Committee or the independent expert will be
used by the Company’s Board of Directors or shareholders, as the case
may be, for making a decision to ensure that these related party
transactions are carried out without any conflict of interest and for
the best interest of all shareholders.