Form 56-1

Annual Information Disclosure Form 56-1

As of December 31, 2004

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Laguna Resorts & Hotels Public Company Limited

  TABLE OF CONTENTS

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| Description    |                                      | Page        |
+----------------+--------------------------------------+-------------+
| Part I         | Executive Summary                    | 1-2         |
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|                |                                      |             |
+----------------+--------------------------------------+-------------+
| Part II        | The Issuing Company                  | 3           |
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|                |                                      |             |
+----------------+--------------------------------------+-------------+
|                | 1.  Risk Factors                     | 4-6         |
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|                | 2.  Nature of Business               | 7-13        |
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|                | 3.  Operation of Each Product or     | 14-21       |
|                |     Service                          |             |
+----------------+--------------------------------------+-------------+
|                | 4.  Research and Development         | 22          |
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|                | 5.  Assets of the Company            | 23-31       |
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|                | 6.  Future Plans                     | 32-34       |
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|                | 7.  Legal Disputes                   | 35-37       |
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|                | 8.  Capital and Shareholding         | 38-39       |
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|                | 9.  Management                       | 40-52       |
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|                | 10. Internal Control                 | 53          |
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|                | 11. Related Party Transactions       | 54-84       |
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|                | 12. Financial Position and Operating | 85-106      |
|                |     Results                          |             |
+----------------+--------------------------------------+-------------+
|                | 13. Other Matters                    | 107         |
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|                |                                      |             |
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| Part III       | Verification of Information          | 108-116     |
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|                |                                      |             |
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|                | Attachments                          |             |
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|                | 1.  Details of directors, Audit      |             |
|                |     Committee members, Remuneration  |             |
|                |     Committee members and executives |             |
+----------------+--------------------------------------+-------------+
|                | 2.  Details of directors of          |             |
|                |     subsidiary companies             |             |
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|                | 3.  Others                           |             |
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|                | 4.  Land and building valuation by   |             |
|                |     Simon Lim & Partners Company     |             |
|                |     Limited                          |             |
+----------------+--------------------------------------+-------------+
|                | 5.  Audit Committee Report           |             |
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